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Cyprus International University
TR

FISCAL POLICY AND PUBLIC FINANCE

Course
ECON312 - FISCAL POLICY AND PUBLIC FINANCE
Department
Economics - English - Undergraduate
Course Type
Course
Status
Required
Language
English
Credit
3
ECTS
6
T+P+L
3 + 0 + 0
Course Coordinator(s)
-
Prerequisite
-
Keywords

Course Description

This course offers a comprehensive introduction to Public Finance, focusing on the government’s economic roles in modern economies. It explores why governments intervene in markets, how they allocate and distribute public resources, and the design and impact of fiscal policy. Students will study key concepts such as market failure, public goods, externalities, and the principles of efficiency and equity. The course examines the three core government functions—allocation, distribution, and stabilization—through public expenditure in sectors like health, education, and infrastructure, alongside tools like cost-benefit analysis and fiscal sustainability. It also covers tax theory and policy, including the structure and effects of different tax types, tax fairness, efficiency, and challenges in reforming tax systems in a globalized context. Finally, students will analyze how fiscal tools address major policy issues such as inequality, climate change, and public debt, gaining practical skills to assess public finance policies at both national and international levels.

FISCAL POLICY AND PUBLIC FINANCE

Evaluation Tools (Active Term)

No evaluation items have been defined.

Course outcomes

No course outcomes have been defined yet.

Course Syllabus

Week Topic
Week 1 Individuals and Government
Week 2 Efficient Markets and Government
Week 3 Externalities and Public Policy
Week 4 Public Goods
Week 5 Introduction to Government Finance
Week 6 Taxation, Prices, Efficiency, and the Distribution of Income
Week 7 Budget Balance and Government Debt
Week 8 MIDTERM EXAM
Week 9 MIDTERM EXAM
Week 10 The Theory of Income Taxation
Week 11 Taxation of Personal Income
Week 12 Taxation of Corporate Income 1
Week 13 Taxation of Corporate Income 2
Week 14 REVISION
Week 15 FINAL EXAM

Reference Books & Course Materials

  1. 01 "David N. Hyman, Public Finance a Contemporary Application of Theory to Policy, 10e North Carolina State University "
  2. 02 selected reading materials on Moodle.

Learning Outcomes

No learning outcomes have been defined.

Program Outcomes

  1. P01 1- To have advanced theoretical and practical knowledge supported by textbooks, application tools and other resources including current information in the field of Accounting and Finance.
  2. P02 2- To be able to use advanced theoretical and practical knowledge acquired in the field of Accounting and Finance.
  3. P03 3- To be able to interpret and evaluate data, identify problems, analyze and develop solutions based on research and evidence by using advanced knowledge and skills acquired in the field of Accounting and Finance.
  4. P04 4- To be able to take responsibility as an individual and a team member in order to solve complex and unpredictable problems in accounting and finance applications.
  5. P05 5- To be able to plan and manage activities for the development of employees under the responsibility of a project.
  6. P06 6- To be able to determine the learning requirements in the field of Accounting and Finance and to direct their learning.
  7. P07 7- To be able to inform people and institutions about issues related to the field of accounting and finance, and to be able to transfer their ideas and solution proposals in writing and orally.
  8. P08 8- To be able to use information and communication technologies together with computer software at the European Computer Driving License Advanced Level required by the field of Accounting and Finance.
  9. P09 9- To act in accordance with social, scientific, cultural and ethical values in the stages of collecting, interpreting, applying and announcing the results related to the field of accounting and finance.

Po-Lo Matrix

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