Course coordinator
Associate Professor Marco Faravelli
Course overview
- Study period
- Semester 2, 2024 (22/07/2024 - 18/11/2024)
- Study level
- Undergraduate
- Location
- St Lucia
- Attendance mode
- In Person
- Units
- 2
- Administrative campus
- St Lucia
- Coordinating unit
- Economics School
This course focuses on the role of the government in the economy. Public policy issues are analysed theoretically and empirically. The course covers topics in government expenditure, taxation and political economy.
This course focuses on the role of the government in the economy. Public policy issues are analysed theoretically and empirically. The course covers topics on government expenditure, taxation and political economy.
Course requirements
Prerequisites
You'll need to complete the following courses before enrolling in this one:
ECON2010 or 2011
Course contact
School enquiries
Student Enquiries, School of Economics
All enquiries regarding student and academic administration (i.e. non-course content information, e.g., class allocation, timetables, extension to assessment due date, etc.) should be directed to enquiries@economics.uq.edu.au.
Enquiries relating specifically to course content should be directed to the Course Coordinator/Lecturer.
Course staff
Timetable
The timetable for this course is available on the UQ Public Timetable.
Additional timetable information
Tutorials start in teaching week 2.
The timetable is published through the UQ Public Timetable found in the APPs section of myUQ. Students should refer to the timetable prior to the commencement of classes to ensure that they have the most up to date information, as from time to time late room changes may occur.ﾠ
Public Holidays: Wed 14 August (Royal Queensland Show), Mon 7 October (King's Birthday).
In-Semester Break: 23 - 29 September. Semester 2 classes recommence Mon 30 September.
Aims and outcomes
This course aims to provide students with an opportunity to understand when markets fail and how government intervention may improve economic and social outcomes. It also aims at providing students some conceptual frameworks to think about how public policy is made in political processes and its implications.
Learning outcomes
After successfully completing this course you should be able to:
LO1.
Identify market failures and how government interventions may improve economic and social outcomes.
LO2.
Examine how public policy is influenced by efficiency and equity objectives, is influenced by political institutions, and differs across jurisdictions.
LO3.
Analyse data on economic and social outcomes for descriptive and causal purposes.
LO4.
Analyse economic and policy problems related to education and social insurance and how these differ across jurisdictions.
LO5.
Describe fundamental issues of taxation.
Assessment
Assessment summary
| Category | Assessment task | Weight | Due date |
|---|---|---|---|
| Essay/ Critique | Essay | 50% |
6/09/2024 4:00 pm |
| Essay/ Critique, Examination |
Final Exam
|
50% |
End of Semester Exam Period 2/11/2024 - 16/11/2024 |
Assessment details
Essay
- Mode
- Written
- Category
- Essay/ Critique
- Weight
- 50%
- Due date
6/09/2024 4:00 pm
- Learning outcomes
- L01, L02, L03, L04
Task description
Each student is required to submit an individual essay of 2,500 words on a topic that will be assigned during class. The bibliography should be added at the end of the essay. The word limit includes all text, excluding solely figures, tables, photographs, and the bibliography. Half a point will be deducted from the final mark for every 100 words in excess of the limit.
This assessment task evaluates students' abilities, skills and knowledge without the aid of generative Artificial Intelligence (AI). Students are advised that the use of AI technologies to develop responses is strictly prohibited and may constitute student misconduct under the Student Code of Conduct.
Submission guidelines
Deferral or extension
You may be able to apply for an extension.
Extensions are limited to 7 calendar days to ensure timely feedback to other students. Extensions are given in multiples of 24 hours.
Late submission
A penalty of 10% of the maximum possible mark will be deducted per 24 hours from time submission is due for up to 7 days. After 7 days, you will receive a mark of 0.
Final Exam
- Identity Verified
- In-person
- Mode
- Written
- Category
- Essay/ Critique, Examination
- Weight
- 50%
- Due date
End of Semester Exam Period
2/11/2024 - 16/11/2024
- Learning outcomes
- L01, L02, L03, L04, L05
Task description
The exam will cover all topics and require both written answers and calculations.
This assessment task is to be completed in-person. The use of generative Artificial Intelligence (AI) tools will not be permitted. Any attempted use of Generative AI may constitute student misconduct under the Student Code of Conduct.
Exam details
| Planning time | 10 minutes |
|---|---|
| Duration | 90 minutes |
| Calculator options | (In person) Casio FX82 series only or UQ approved and labelled calculator |
| Open/closed book | Closed Book examination - no written materials permitted |
| Exam platform | Paper based |
| Invigilation | Invigilated in person |
Submission guidelines
Deferral or extension
You may be able to defer this exam.
Course grading
Full criteria for each grade is available in the Assessment Procedure.
| Grade | Cut off Percent | Description |
|---|---|---|
| 1 (Low Fail) | 0% - 29% |
Absence of evidence of achievement of course learning outcomes. |
| 2 (Fail) | 30% - 46% |
Minimal evidence of achievement of course learning outcomes. |
| 3 (Marginal Fail) | 47% - 49% |
Demonstrated evidence of developing achievement of course learning outcomes |
| 4 (Pass) | 50% - 64% |
Demonstrated evidence of functional achievement of course learning outcomes. |
| 5 (Credit) | 65% - 74% |
Demonstrated evidence of proficient achievement of course learning outcomes. |
| 6 (Distinction) | 75% - 84% |
Demonstrated evidence of advanced achievement of course learning outcomes. |
| 7 (High Distinction) | 85% - 100% |
Demonstrated evidence of exceptional achievement of course learning outcomes. |
Additional course grading information
A student’s final overall end of semester percentage mark will be rounded to determine their final grade. For example, 64.5% rounds to 65%, while 64.4% rounds to 64%.
Supplementary assessment
Supplementary assessment is available for this course.
Additional assessment information
Plagiarism
The School of Economics is committed to reducing the incidence of plagiarism. Further information on plagiarism and how to avoid an allegation of plagiarism is available in this course profile under Policies & Guidelines. Please refer to the Academic Integrity Module (AIM). It is strongly recommended that you complete the AIMﾠif you have not already done so.ﾠ
Learning resources
You'll need the following resources to successfully complete the course. We've indicated below if you need a personal copy of the reading materials or your own item.
Library resources
Find the required and recommended resources for this course on the UQ Library website.
Learning activities
The learning activities for this course are outlined below. Learn more about the learning outcomes that apply to this course.
Filter activity type by
Please select
| Learning period | Activity type | Topic |
|---|---|---|
Week 1 (22 Jul - 28 Jul) |
Lecture |
Week 1 Introduction & Welfare Theorems Learning outcomes: L01, L02 |
Week 2 (29 Jul - 04 Aug) |
Lecture |
Week 2 Externalities Learning outcomes: L01, L02, L03 |
Week 3 (05 Aug - 11 Aug) |
Lecture |
Week 3 Public Goods Learning outcomes: L01, L02, L03 |
Week 4 (12 Aug - 18 Aug) |
Lecture |
Week 4 Education Learning outcomes: L01, L02, L03, L04 |
Week 5 (19 Aug - 25 Aug) |
Lecture |
Week 5 Social Insurance Learning outcomes: L01, L02, L03, L04 |
Week 6 (26 Aug - 01 Sep) |
Lecture |
Week 6 Taxation Learning outcomes: L01, L02, L03, L05 |
Week 7 (02 Sep - 08 Sep) |
Lecture |
Week 7 Equity and Redistribution Learning outcomes: L01, L02, L03, L04, L05 |
Week 8 (09 Sep - 15 Sep) |
Lecture |
Week 8 Collective Decision Making and Voting Learning outcomes: L01, L02, L03 |
Week 9 (16 Sep - 22 Sep) |
Lecture |
Week 9 Voting & Elections Learning outcomes: L01, L02, L03, L04 |
Mid Sem break (23 Sep - 29 Sep) |
No student involvement (Breaks, information) |
Mid Sem break No classes during the break. |
Week 10 (30 Sep - 06 Oct) |
Lecture |
Week 10 Media & Public Policy Learning outcomes: L01, L02, L03, L04 |
Week 11 (07 Oct - 13 Oct) |
No student involvement (Breaks, information) |
Public Holiday: No Classes No classes this week due to public holiday. |
Week 12 (14 Oct - 20 Oct) |
Lecture |
Week 12 Guest Lecture Learning outcomes: L01, L02, L03, L04 |
Week 13 (21 Oct - 27 Oct) |
Lecture |
Week 13 Revision Learning outcomes: L01, L02, L03, L04, L05 |
Policies and procedures
University policies and procedures apply to all aspects of student life. As a UQ student, you must comply with University-wide and program-specific requirements, including the:
- Student Code of Conduct Policy
- Student Integrity and Misconduct Policy and Procedure
- Assessment Procedure
- Examinations Procedure
- Reasonable Adjustments - Students Policy and Procedure
Learn more about UQ policies on my.UQ and the Policy and Procedure Library.