Public Sector Economics

General

• Code: 501
• Semester: 5th
• Study Level: Undergraduate
• Course type: Specialization
• Teaching and exams language: Greek
• Teaching Methods (Hours/Week): Lectures and Practice work (3)
• ECTS Units: 6
• Course homepage: https://elearning.cm.ihu.gr/course/view.php?id=801
• Instructors: Stamatiou Pavlos

Course Contents

1. Introduction to public economics.
2. Public goods.
3. Welfare economics, Pareto efficiency conditions.
4. Externalities.
5. Cost benefit analysis.
6. The State Budget.
7. Taxation and distribution of income.
8. Taxation and efficiency.
9. Effective and fair taxation.
10. Deficit Financing of the State.
11. Size and Scope of Public Sector Activities.
12. Tax Policy in the European Union.
13. Course outline.

Educational Goals

The general aim of the course is the understanding and knowledge of public choice and public finances. Through lectures and case studies, the course aims to introduce the context of public economics, the legal framework and the size of the state and public finances.

Upon successful completion of the course, the student will be able to:

• Know the meaning of public goods and in particular pure public good, non-genuine public good, private good provided by the public, marginal social benefit, marginal social cost, and privatization.
• Understand externalities and cost benefit analysis.
• Understand the state budget, taxation, income distribution and effective and fair taxation.
• Analyze and interpret government deficit financing, the size and scope of public sector activities.
• Evaluate reports that refer to public economic and policy issues.
• Develop the necessary knowledge acquisition skills in public finance matters for further studies at postgraduate level.

General Skills

• Working independently.
• Team work.
• Decision making.
• Production of free, creative and inductive thinking.

Teaching Methods

• In the classroom, face to face.

Use of ICT means

• Basic software (windows, word, power point, the web, etc.).
• Support of learning process through the electronic platform / e-class.

Teaching Organization

Students Evaluation

Written final exams (60%) that may include:

• Judgemental questions
• Short answer questions
• Application exercises
• Comparative theoratical questions

In each question, corresponding evaluation points are specified.
Optional assignment (Essay writing and presentation) corresponds to 40% of the final grade.

Recommended Bibliography

1. Παπαδιοδώρου Γιώργος , Μάρδας Δημήτριος, ΔΗΜΟΣΙΑ ΟΙΚΟΝΟΜΙΚΗ, Εκδότης: ΜΑΡΚΟΥ ΚΑΙ ΣΙΑ Ε.Ε., 2015.
2. Rosen, H. S., Gayer, T., Ράπανος, Β. Θ., Καπλάνογλου, Γ. (2011), “Δημόσια Οικονομική: Σύγχρονη Θεωρία και Ελληνική Πραγματικότητα”, Εκδόσεις Κριτική, Αθήνα.