Unit information: Public Economics in 2022/23

Unit name	Public Economics
Unit code	EFIM30034
Credit points	20
Level of study	H/6
Teaching block(s)	Teaching Block 2 (weeks 13 - 24)
Unit director	Dr. Pawel Doligalski
Open unit status	Not open
Units you must take before you take this one (pre-requisite units)	EFIM20033 Intermediate Microeconomics AND EFIM20034 Intermediate Macroeconomics AND EFIM20011 Econometrics 1 OR EFIM20038 Microeconomic Analysis AND EFIM20037 Macroeconomic Analysis AND EFIM20010 Applied Quantitative Research Methods
Units you must take alongside this one (co-requisite units)	None
Units you may not take alongside this one	None
School/department	School of Economics
Faculty	Faculty of Social Sciences and Law

Unit Information

This unit focuses on government intervention in the economy. We will discuss reasons for intervention, available instruments and optimal policies. The core of the unit is theoretical, but for many of the problems (especially those related to taxation and redistribution) students will be provided with a data driven perspective as well.

Topics covered:

• Government intervention due to market failures: externalities; asymmetric information; public goods

• Taxation and redistribution: taxation of commodities; taxation of labor and capital income; unemployment insurance

Your learning on this unit

Students will be able:

• To use economic theory to understand the reasons for government intervention;
• To synthesise economic theory and empirical information to derive the optimal government policy;
• To evaluate government policies currently in place.

How you will learn

Teaching will be delivered through a combination of large and small group classes, supported by online resources

How you will be assessed

Coursework (essay, 1000 words) (40%) (Assesses all learning outcomes)

Exam (2 hours) (60%) (Assesses all learning outcomes)

Resources

If this unit has a Resource List, you will normally find a link to it in the Blackboard area for the unit. Sometimes there will be a separate link for each weekly topic.

If you are unable to access a list through Blackboard, you can also find it via the Resource Lists homepage. Search for the list by the unit name or code (e.g. EFIM30034).

How much time the unit requires
Each credit equates to 10 hours of total student input. For example a 20 credit unit will take you 200 hours of study to complete. Your total learning time is made up of contact time, directed learning tasks, independent learning and assessment activity.

See the Faculty workload statement relating to this unit for more information.

Assessment
The Board of Examiners will consider all cases where students have failed or not completed the assessments required for credit. The Board considers each student's outcomes across all the units which contribute to each year's programme of study. If you have self-certificated your absence from an assessment, you will normally be required to complete it the next time it runs (this is usually in the next assessment period).
The Board of Examiners will take into account any extenuating circumstances and operates within the Regulations and Code of Practice for Taught Programmes.