Dear colleagues - Eastern Mediterranean University

EASTERN MEDITERRANEAN UNIVERSITY
COURSE OUTLINE
03 October, 2007
|COURSE CODE |Econ |COURSE LEVEL| Elective / Graduate |
| |635 | | |
|COURSE TITLE |Public Economics |
|COURSE TYPE | Area Core |
|LECTURER(S) |Prof. Dr. Glenn P. Jenkins |
|CREDIT VALUE |3 Credit Hrs.|ECTS VALUE | 6 |
|PREREQUISITES |None |
|COREQUISITES |None |
|DURATION OF COURSE |One semester |
|WEB LINK | http://www.emu.edu.tr/~gjenkins/ |
|OFFICE HOURS By Appointment |
|ASSISTANT |
| |
|CATALOGUE DESCRIPTION |
|This course examines the role of the public sector in open economies, with |
|emphasis on the design and implementation of taxation and fiscal policies. The|
|course focuses on the development of the principles and applied techniques for|
|identifying and evaluating the impacts of alternative tax policies on the |
|economy's resource allocation, income distribution, capital formation, |
|budgetary requirements and inflation. This course covers the alternative |
|systems for direct and indirect taxes, including taxes on international trade.|
| |
|AIMS & OBJECTIVES |
|The objective of this course is for students to obtain the necessary |
|theoretical and empirical tools so that they are able to have professional |
|careers in the field of applied public finance. |
|GENERAL LEARNING OUTCOMES (COMPETENCES) |
| |
|On successful completion of this course, all students will have developed |
|knowledge and understanding of applied public finance particularly in |
|economics of tax policies with respect direct taxes, indirect taxes and the |
|taxation of international trade. |
| |
|On successful completion of this course, all students will have developed |
|their skills in applied micro economic analysis, and in particular applied |
|welfare economics focused on the analysis of a diverse set of public finance |
|and taxation issues. Emphasis will be placed on policy design in countries |
|that are open to international trade. Students will develop their skills in |
|both the theoretical and quantitative analysis of public finance issues. |
| |
|On successful completion of this course, all students will have developed |
|their appreciation of and respect for values and attitudes regarding the |
|issues of tax and policy formation. They will also appreciate the importance |
|of using a general equilibrium approach to the analysis of public policies. |
|RELATIONSHIP WITH OTHER COURSES |
|Students should have completed Econ 501 before taking this course, or should |
|have obtained a very high grade in Econ 201. This course is complementary to |
|Econ 622, which is focused on expenditure analysis. This course is mainly |
|focused on the analysis of tax and revenue policy design issues. |
|LEARNING / TEACHING METHOD |
|Course lectures, classroom examples, assigned exercises, mid-term and final |
|examinations. |
| |
| |
|METHOD OF ASSESSMENT |
|Quizzes/Assignments : 25% |
|Mid Term Exam : 35% |
|Final Exam : 40% |
|ATTENDANCE |
|Attendance is required by school regulation. Students are strongly advised not|
|to miss lecture hours since success has been observed to be closely related |
|with attendance. |
|TEXTBOOK/S |
|1. Stephen Lewis, Jr., Taxation for Development: Principles and Applications, |
|Oxford University Press, 1984. |
|2. The Tax Policy Handbook, ed. Parthasarathi Shome, Fiscal Affairs |
|Department, International Monetary Fund, Washington D.C., USA, 1995. |
|INDICATIVE BASIC READING LIST |
|Richard A. and Peggy B. Musgrave, Public Finance in Theory and Practice, Fifth|
|Edition, New York: McGraw Hill, 1989. |
|Jenkins, G., Kuo, G. and Shukla, G.P. Tax " Analyses and Revenue Forecasting, |
|Harvard University, 1999. |
|Tanzi, V., Public Finance in Developing Countries, E. Elgar Published Ltd., |
|1991. |
|EXTENDED READING LIST |
| |
|NONE |
|SEMESTER OFFERRED |
|2007-2008 Fall Semester |
| |
|CONTENT & SCHEDULE |
|Lectures will be held on Wednesdays (16.30-19.30) BEA 3. The lecture topics |
|within the semester are as in the following schedule: |
| |
|WEEK |
|DATE |
|SUBJECT |
| |
|1 |
|26 Sept |
|Introduction |
| |
|2 |
|3 Oct |
|Overview and Principles of Tax Reforms |
|Arnold C. Harberger, "Monetary and Fiscal Policy for Equitable Economic |
|Growth", Conference on Income Distribution and Substainable Growth. |
|International Monetary Fund (June 1995). |
|Jenkins and Khadka, Chap. 1: Framework for Tax Reform |
|Burgess, Robin and Nicholas Stern, "Taxation and Development," Journal of |
|Economic Literature, Vol. XXXI (June, 1993), (pp. 796-818) |
| |
|3 |
|10 Oct |
|Mobilization of Fiscal Resources for Development, GDP Based Forecasting |
|Musgrave, Ch. 34 (pp. 582-601) |
|A. Prest, "The Taxable Capacity of a Country," in J.F. Toye, (ed.), Taxation |
|and Economic Development, London: Frank Cass, 1979. |
|Jenkins, Kuo and Shukla, Chap. 3, 4 |
|Problem Set 1 |
| |
|4 |
|17 Oct |
| |
|Tax Revenue, Excess Burden, Tax Incidence |
|Jenkins & Shukla, Chap. 5 |
|Musgrave, Chap. 15 (pp. 249-276) and Chap. 16 (pp. 277-296). |
| |
| |
|5 |
|24 Oct |
|Tax Revenue, Excess Burde