Module code: ECO3046

Module Overview

Traditional theories of public economics justify government interventions in the economy on the grounds of market failure, equity and/or political considerations, each of which can be examined empirically and/or mathematically.  Such interventions can loosely be divided to cover three issues: revenue raising, expenditure and project evaluation.  This module covers aspects of each of these issues using a mixture of theory and policy discussion.

Module provider


Module Leader


Number of Credits: 15

ECTS Credits: 7.5

Framework: FHEQ Level 6

Module cap (Maximum number of students): N/A

Overall student workload

Lecture Hours: 20

Module Availability

Semester 2

Prerequisites / Co-requisites


Module content

Topics in government revenue

Topics in government expenditure

Project appraisal

Assessment pattern

Assessment type Unit of assessment Weighting
School-timetabled exam/test 45 MINUTE CLASS TEST - MULTIPLE CHOICE 20

Alternative Assessment


Assessment Strategy

Thus the summative assessment for this module consists of:

  • One class test (20%) around week 9. This will provide students with an assessment of their understanding of the basic concepts.

  • Final exam of two hours (80%) in weeks 13-15, which includes discussion and technical questions.

Module aims

  • Guide students in using microeconomic theory to interpret and evaluate Government policy.

Learning outcomes

Attributes Developed
001 Understand elements of government policy towards public expenditure KC
002 Appreciation of the principles and practice of cost benefit analysis KCP
003 Understand optimal taxation theory KC
004 Discuss Public Economics in writing and using maths and diagrammatic analysis KC

Attributes Developed

C - Cognitive/analytical

K - Subject knowledge

T - Transferable skills

P - Professional/Practical skills

Methods of Teaching / Learning


Revision lecture

Several question sheets

Office hours and SurreyLearn Discussion Forum

Please note that the module will expect you to undertake suitable amounts of private study to supplement lectures and achieve learning outcomes.

Indicated Lecture Hours (which may also include seminars, tutorials, workshops and other contact time) are approximate and may include in-class tests where one or more of these are an assessment on the module. In-class tests are scheduled/organised separately to taught content and will be published on to student personal timetables, where they apply to taken modules, as soon as they are finalised by central administration. This will usually be after the initial publication of the teaching timetable for the relevant semester.

Reading list
Upon accessing the reading list, please search for the module using the module code: ECO3046

Programmes this module appears in

Programme Semester Classification Qualifying conditions
Politics and Economics BSc (Hons) 2 Optional A weighted aggregate mark of 40% is required to pass the module
Business Economics BSc (Hons) 2 Optional A weighted aggregate mark of 40% is required to pass the module
Economics and Finance BSc (Hons) 2 Optional A weighted aggregate mark of 40% is required to pass the module
Economics BSc (Hons) 2 Optional A weighted aggregate mark of 40% is required to pass the module

Please note that the information detailed within this record is accurate at the time of publishing and may be subject to change. This record contains information for the most up to date version of the programme / module for the 2020/1 academic year.