PUBLIC ECONOMICS - 2021/2
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
Economics
Module Leader
FOUREAUX KOPPENSTEINER Martin (Economics)
Number of Credits: 15
ECTS Credits: 7.5
Framework: FHEQ Level 6
Module cap (Maximum number of students): N/A
Overall student workload
Workshop Hours: 11
Independent Learning Hours: 88
Tutorial Hours: 7
Guided Learning: 11
Captured Content: 33
Module Availability
Semester 2
Prerequisites / Co-requisites
N/A
Module content
Topics in government revenue
Topics in government expenditure
Project appraisal
Assessment pattern
| Assessment type | Unit of assessment | Weighting |
|---|---|---|
| Online Scheduled Summative Class Test | ONLINE (OPEN BOOK) TEST WITHIN 24HR WINDOW (TIMED) | 20 |
| Examination Online | FINAL EXAMINATION | 80 |
Alternative Assessment
N/A
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
Lectures
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
https://readinglists.surrey.ac.uk
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 |
|---|---|---|---|
| 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 |
| Politics and 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 2021/2 academic year.