Academic ConnectThe Nanyang Centre for Public Administration invites applications for part-time teaching of the following course at the intermediate level:
Public Economics: Theory & Applications
Requirements:
- PhD in relevant fields
- Teaching experience at a tertiary level or with adult learners
- Theoretical and systematic understanding of Public economics, and related experience.
- Course materials.
Teaching Requirements:
Duration: 3.25 hours per session for 12 sessions.
The course is to be taught in Chinese.
Course Objectives:
This course introduces the basic theories and applications of public sector economics from three aspects: welfare economics, public finance, and public choice theory. Welfare economics describes various situations of market failure in competitive markets and how the public sector can intervene. Public finance studies the government's fiscal revenue and expenditure, as well as the role of transfer payments and government fiscal intervention in market efficiency, fairness, and stable development. Public choice theory, on the other hand, explains how government failure occurs and the corresponding methods and means to deal with it. From the perspectives of efficiency and fairness, it examines the functions of the government and the theoretical basis of public decision-making, discusses topics related to public management such as the supply and demand of public goods, the theory of public expenditure, the pricing and investment criteria of public goods, the theory of optimal taxation, collective choice, the advantages and disadvantages of representative decision-making systems, the theory of public revenue, and the establishment and functional division of multi-level governments. Through studying this course, students can gain a comprehensive understanding of how an efficient government intervenes in the market and promotes the optimal allocation of resources
Teaching Outcomes:
- Basic Concepts and Laws of Economics and Welfare Economics
- Theory of consumers and producers in competitive markets
- Non-competitive markets: Monopoly, oligopoly and game theory - I
- Non-competitive markets: Monopoly, oligopoly and game theory - II
- Externalities and information asymmetry
- Government intervention in market failure
- The fairness and efficiency principles of taxation
- Supply of public resources and public goods
- Resource allocation mechanisms for public goods I - Collective Choice and Voting mechanisms
- Resource allocation mechanisms for public goods II - Incentive Mechanisms
- Political parties, representative democracy and political cycles
- Open schemes in Western political operation systems -Abuse of Rules