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Regular version of the site
Master 2024/2025

State and Economy

Type: Compulsory course (Politics. Economics. Philosophy)
Area of studies: Political Science
When: 2 year, 1, 2 module
Mode of studies: distance learning
Online hours: 60
Open to: students of one campus
Instructors: Natalya Rakuta
Master’s programme: Политика. Экономика. Философия
Language: English
ECTS credits: 6
Contact hours: 32

Course Syllabus

Abstract

This course offers an introduction into the public economics theory. It does not aspire to cover theories of taxation, public expenditures, regulation etc. at length and in-depth. Rather, our ambition is to give a bird's-eye view of central themes of public economics and related disciplines, and teach concepts, logic, and ideas, rather than methods of analysis, which would require an entirely different course format. Our choice of topics covered by the course reflects a trade-off between salience and centrality, on the one hand, and suitability for a brief online introductory course, on the other. The central theme of the course is the role of government as a mechanism of resource allocation which complements and augments markets. Governments are viewed as public agencies set to correct market failures. Such agencies however are prone to failures of their own, and hence markets and governments are two imperfect alternatives. We deal with government's limitations, with particular emphasis on those that have to do with informational asymmetry, limited administrative capacity, and imperfect accountability to society. Otherwise the course's main themes are economics of taxation, regulation, politics of public economics, incentives in government, and government vis-à-vis (civil) society.
Learning Objectives

Learning Objectives

  • To develop analytical tools and their application to key policy issues relating to the spending, taxation and financial activities of the government.
  • To introduce students to the main models and analytical tools of Public Economics
Expected Learning Outcomes

Expected Learning Outcomes

  • Analyse tax incidence and welfare loss
  • Explain main functions of the government
  • Explain the behavior of economic agents in political process
  • Explain the role of social insurance and its types
  • Know main theorem and theories of Public Choice
  • Know main ways to increase efficiency in Public Sector
Course Contents

Course Contents

  • Introduction to Public Economics
  • Voting
  • Rent-seeking
  • Commodity taxation
  • Income taxation
  • Social Insurance and Welfare Programs
  • Managing the Public Sector's Assets and Liabilities
  • Multiple Jurisdictions
Assessment Elements

Assessment Elements

  • non-blocking Online course grade
  • non-blocking Essay
  • non-blocking Group presentation
  • non-blocking Participation
  • non-blocking Final exam
    An essay type work. The answer to the open question during 3 hours time period
Interim Assessment

Interim Assessment

  • 2024/2025 2nd module
    0.3 * Essay + 0.25 * Final exam + 0.15 * Group presentation + 0.05 * Online course grade + 0.05 * Online course grade + 0.1 * Participation + 0.1 * Participation
Bibliography

Bibliography

Recommended Core Bibliography

  • Hindriks, J., & Myles, G. D. (2013). Intermediate Public Economics (Vol. Second edition). Cambridge, Massachusetts: The MIT Press. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=564828

Recommended Additional Bibliography

  • Lectures on public economics, Atkinson, A. B., 1980
  • Public choice III, Mueller, D. C., 2007

Authors

  • RAKUTA NATALYA VLADIMIROVNA
  • POLISCHUK LEONID IOSIFOVICH