FISCAL POLICY AND PUBLIC FINANCE

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

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 PO1: Engaged in insightful thinking leading to self-learning and lifelong learning.
2. P02 PO2: Established a general knowledge of economics sufficient to work independently through specific learned techniques generated via individual efforts and study.
3. P03 PO3: Reached the required knowledge and skills to understand social, economic and legal issues both within national, international and global contexts and apply theoretical knowledge of economics to practice.
4. P04 PO4: Adopted the ability to critically evaluate, analyze and interpret information gathered through the use of related statistical software programs to suggest creative solutions for economic problems and make relevant economic decisions.
5. P05 PO5: Been aware of gathering and analyzing data through the application of appropriate technological tools in an ethical and safe manner in order to generate economic decisions and policy suggestions.
6. P06 PO6: Been equipped with conceptual and analytical skills essential for team-working and collaborations for economic decision making for a variety of economic concepts in national and global environment.
7. P07 PO7: Endowed with both oral and written communication skills within the economic field to effectively study and work in an international environment
8. P08 PO8: Been able to transfer theoretical knowledge to real life economic environment: to generate policies for microeconomic and macroeconomic problems faced by individuals, firms and governments at national, international and global context.
9. P09 PO9: Developed an ability to apply economic analysis to everyday problems in real world through the development of ethical perspectives and social responsibilities at work and in personal life.

Po-Lo Matrix

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