ECON 4015 - Public Economics IV (H)
North Terrace Campus - Semester 1 - 2024
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General Course Information
Course Details
Course Code ECON 4015 Course Public Economics IV (H) Coordinating Unit Economics Term Semester 1 Level Undergraduate Location/s North Terrace Campus Units 3 Contact Up to 4 hours per week Available for Study Abroad and Exchange N Restrictions Available only to students enrolled in the Bachelor of Economics (Honours) program Assessment Typically, assignments and final exam Course Staff
Course Coordinator: Professor Ralph-Christopher Bayer
Professor Ralph Bayer
Nexus 10, Level 4. Room 4.19
phone: 83134666
ralph.bayer@adelaide.edu.au
Course Timetable
The full timetable of all activities for this course can be accessed from .
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Learning Outcomes
Course Learning Outcomes
On successful completion of this course, students will be able to:
- Recognize and apply advanced tools and models used in the field of Public Economics.
- Modify, and suitably apply models used in public economics in their own research.
- Draw conclusions for good public policy from theoretical models and empirical tests.
- Formulate a perspective on how public policies are formulated and how they differ from the prescribed standards of normative public economics.
- Discuss and critique academic articles and policies using advanced tools from the discipline of public economics.
University Graduate Attributes
This course will provide students with an opportunity to develop the Graduate Attribute(s) specified below:
University Graduate Attribute Course Learning Outcome(s) Attribute 1: Deep discipline knowledge and intellectual breadth
Graduates have comprehensive knowledge and understanding of their subject area, the ability to engage with different traditions of thought, and the ability to apply their knowledge in practice including in multi-disciplinary or multi-professional contexts.
1,2 Attribute 2: Creative and critical thinking, and problem solving
Graduates are effective problems-solvers, able to apply critical, creative and evidence-based thinking to conceive innovative responses to future challenges.
3,4 Attribute 3: Teamwork and communication skills
Graduates convey ideas and information effectively to a range of audiences for a variety of purposes and contribute in a positive and collaborative manner to achieving common goals.
4 Attribute 4: Professionalism and leadership readiness
Graduates engage in professional behaviour and have the potential to be entrepreneurial and take leadership roles in their chosen occupations or careers and communities.
1,3,5 Attribute 5: Intercultural and ethical competency
Graduates are responsible and effective global citizens whose personal values and practices are consistent with their roles as responsible members of society.
3,4,5 Attribute 6: Australian Aboriginal and Torres Strait Islander cultural competency
Graduates have an understanding of, and respect for, Australian Aboriginal and Torres Strait Islander values, culture and knowledge.
3,4,5 Attribute 7: Digital capabilities
Graduates are well prepared for living, learning and working in a digital society.
1,2,3,4,5,6 Attribute 8: Self-awareness and emotional intelligence
Graduates are self-aware and reflective; they are flexible and resilient and have the capacity to accept and give constructive feedback; they act with integrity and take responsibility for their actions.
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Learning Resources
Required Resources
The required textbook, if any, will be announced in MyUni and via email. Any academic articles to be covered will also be announced in MyUni.Recommended Resources
You could buy the following recommended books or borrow them from the library.
• Public Economics, Gareth D.Myles, Cambridge University Press
• The Theory of Externalities, Public Goods and Club Goods, Richard Cornes and Todd Sandler, Cambridge University Press
• Lectures on Public Economics, Anthony Atkinson and Joseph E. Stiglitz, McGraw-Hill BookCo.
• Public Goods, Theories and Evidence. Batina and Ihori. Springer-Verlag (available as online text through Adelaide Uni library)
Online Learning
The course makes extensive use of MyUni to post notes, assignments and for communication with the students. -
Learning & Teaching Activities
Learning & Teaching Modes
The course will be delivered in the standard lecture-mode. Students are expected to actively participate in the lectures, which includes doing the requisite reading, answering questions and participating in the conversations. Some lectures will be offered in a tutorial model in which we will use the problem-solving approach to underscore the concepts covered in the lectures.Workload
The information below is provided as a guide to assist students in engaging appropriately with the course requirements.
Typical weekly workload for the course is 12 hours per week, distributed as follows: 4 hours for the lectures/tutorials, 4 hours for requisite revisions/required readings, 4 hours for problem solving and critical thinking about research questions.Learning Activities Summary
Teaching & Learning Activities Related Learning Outcomes Lectures 1,2 Seminars 3,4
LECTURE SCHEDULE
(tentative)
Topic I: Optimal taxation and redistribution (weeks 1-4)
- equity efficiency trade-off
- optimal income taxation under differnt assumptions
- negative income tax (including uncoditional cash transfers)
Topic II: Externalities and govenment intervention (weeks 5-8)
- Public goods
- Club goods
- Pollution
- Behaviour in a Pandemic
- Vaccination
Topic III: Topics in Behavioural and Experimental Public Finace (weeks 9-12)
- Private Public goods provision
- Tax evasion and enfocement
- Public choice (elections etc.) -
Assessment
The University's policy on Assessment for Coursework Programs is based on the following four principles:
- Assessment must encourage and reinforce learning.
- Assessment must enable robust and fair judgements about student performance.
- Assessment practices must be fair and equitable to students and give them the opportunity to demonstrate what they have learned.
- Assessment must maintain academic standards.
Assessment Summary
Assessment Task Due Date/ Week Weight Length(Word,Time) Learning Outcomes 2 Individual Assignments 5,8 40% TBA 1,2,3 End-of-Semester Group Research Project (including a 30 min presentation) 12 30% TBA 4,5 Final Exam exam period 30% TBA 1,2,3 Total 100% Assessment Related Requirements
The assignments, unless specified as a group assignment, must be solved individually. You are free to consult external sources as long as you properly acknowledge them.Assessment Detail
Classroom participation will include newsroom presentations (discussing recent news related to the public economics topics covered in the course).
More details on assesment will be given in MyUni and during the lecture.
Submission
No information currently available.
Course Grading
Grades for your performance in this course will be awarded in accordance with the following scheme:
M11 (Honours Mark Scheme) Grade Grade reflects following criteria for allocation of grade Reported on Official Transcript Fail A mark between 1-49 F Third Class A mark between 50-59 3 Second Class Div B A mark between 60-69 2B Second Class Div A A mark between 70-79 2A First Class A mark between 80-100 1 Result Pending An interim result RP Continuing Continuing CN Further details of the grades/results can be obtained from Examinations.
Grade Descriptors are available which provide a general guide to the standard of work that is expected at each grade level. More information at Assessment for Coursework Programs.
Final results for this course will be made available through .
Additional Assessment
If a student receives 45-49 for their final mark for the course they will automatically be granted an additional assessment. This will most likely be in the form of a new exam (Additional Assessment) and will have the same weight as the original exam unless an alternative requirement (for example a hurdle requirement) is stated in this semester’s Course Outline. If, after replacing the original exam mark with the new exam mark, it is calculated that the student has passed the course, they will receive 50 Pass as their final result for the course (no higher) but if the calculation totals less than 50, their grade will be Fail and the higher of the original mark or the mark following the Additional Assessment will be recorded as the final result. -
Student Feedback
The University places a high priority on approaches to learning and teaching that enhance the student experience. Feedback is sought from students in a variety of ways including on-going engagement with staff, the use of online discussion boards and the use of Student Experience of Learning and Teaching (SELT) surveys as well as GOS surveys and Program reviews.
SELTs are an important source of information to inform individual teaching practice, decisions about teaching duties, and course and program curriculum design. They enable the University to assess how effectively its learning environments and teaching practices facilitate student engagement and learning outcomes. Under the current SELT Policy (http://www.adelaide.edu.au/policies/101/) course SELTs are mandated and must be conducted at the conclusion of each term/semester/trimester for every course offering. Feedback on issues raised through course SELT surveys is made available to enrolled students through various resources (e.g. MyUni). In addition aggregated course SELT data is available.
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Student Support
- Academic Integrity for Students
- Academic Support with Maths
- Academic Support with writing and study skills
- Careers Services
- Library Services for Students
- LinkedIn Learning
- Student Life Counselling Support - Personal counselling for issues affecting study
- Students with a Disability - Alternative academic arrangements
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Policies & Guidelines
This section contains links to relevant assessment-related policies and guidelines - all university policies.
- Academic Credit Arrangements Policy
- Academic Integrity Policy
- Academic Progress by Coursework Students Policy
- Assessment for Coursework Programs Policy
- Copyright Compliance Policy
- Coursework Academic Programs Policy
- Intellectual Property Policy
- IT Acceptable Use and Security Policy
- Modified Arrangements for Coursework Assessment Policy
- Reasonable Adjustments to Learning, Teaching & Assessment for Students with a Disability Policy
- Student Experience of Learning and Teaching Policy
- Student Grievance Resolution Process
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Fraud Awareness
Students are reminded that in order to maintain the academic integrity of all programs and courses, the university has a zero-tolerance approach to students offering money or significant value goods or services to any staff member who is involved in their teaching or assessment. Students offering lecturers or tutors or professional staff anything more than a small token of appreciation is totally unacceptable, in any circumstances. Staff members are obliged to report all such incidents to their supervisor/manager, who will refer them for action under the university's student鈥檚 disciplinary procedures.
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