Public Economics


  1. GENERAL
SCHOOL SOCIAL POLITICAL AND ECONOMIC SCIENCES
DEPARTMENT SOCIAL POLICY
LEVEL OF STUDIES LEVEL 6
COURSE CODE 22 SEMESTER 4th
COURSE TITLE Public Economics
TEACHING ACTIVITIES
If the ECTS Credits are distributed in distinct parts of the course e.g. lectures, labs etc. If the ECTS Credits are awarded to the whole course, then please indicate the teaching hours per week and the corresponding ECTS Credits.
TEACHING HOURS PER WEEK ECTS CREDITS
3 6
Please, add lines if necessary. Teaching methods and organization of the course are described in section 4.
COURSE TYPE

Background, General Knowledge, Scientific Area, Skill Development

Background
PREREQUISITES: NO
TEACHING & EXAMINATION LANGUAGE: GREEK
COURSE OFFERED TO ERASMUS STUDENTS: YES
COURSE URL: https://eclass.duth.gr/courses/KOM09103/
  1. LEARNING OUTCOMES
Learning Outcomes
Please describe the learning outcomes of the course: Knowledge, skills and abilities acquired after the successful completion of the course.
The aim of the course is to analyze the financial goals and objectives of the public sector and the means they are used to achieve these goals.

Initially, a systematic presentation and analysis of the economic goals and objectives of the state is made. The reasons that the market mechanism is unable to achieve its goals are presented and the reasons that require the intervention of public bodies are explained. Particular emphasis is placed on the supply of society with public goods, the existence of externalities and the stabilization of the economy. Also, various issues related to public enterprises are presented.

We then describe and analyze the means that the state applies for the realization of its financial goals and objectives. The structure and classification of public expenditures and their evolution over time are studied. Subsequently, the characteristics and classification of taxes are analysed. The last section examines the issues of public borrowing and public debt.

Upon completion of the course, students should be able to:

(a) identify the failures of the free market system and define the role of the state

(b) understand the economic goals and objectives of the state

(c) analyze the means of state action for the achievement of its aims and objectives

(d) classify public expenditures

(e) recognize the characteristics of taxes and classify them into categories

(f) present the causes and categories of public borrowing and describe the problem of public debt in Greece.

General Skills
Name the desirable general skills upon successful completion of the module
Search, analysis and synthesis of data and information,

ICT Use

Adaptation to new situations

Decision making

Autonomous work

Teamwork

Working in an international environment

Working in an interdisciplinary environment

Production of new research ideas

Project design and management

Equity and Inclusion

Respect for the natural environment

Sustainability

Demonstration of social, professional and moral responsibility and sensitivity to gender issues

Critical thinking

Promoting free, creative and inductive reasoning

Search, analysis and synthesis of data and information,

ICT Use

Adaptation to new situations

Decision making

Working in an international environment

Working in an interdisciplinary environment

Critical thinking

Promoting free, creative and inductive reasoning

  1. COURSE CONTENT
I. ECONOMIC FUNCTIONS OF THE STATE

Ø  Historical background of the role of the state

Ø  Weaknesses and failures of the free market system

Ø  Economic functions of the state

  •  Distributive function of the state

i) Public and semi-public goods

ii) Externalities (consumption, production, mixed)

iii) Monopoly derogations

iv) Public enterprises *

• Stabilization function of the state

i) Problems of economic stability and economic growth

ii) Policies of economic stability and economic growth

• Redistributive function of the state

i) Factors leading to income inequalities

ii) Redistribution policy

II. MEANS OF STATE ACTION

Ø  Introduction

Ø  Fiscal policy instruments

• Public Expenditures

– Economic classification

– Functional classification

– Administrative classification

– Εvolution of public spending in Greece

• Taxes

– Tax classification

– Progressivity of the income tax in Greece

• Public Borrowing and Public Debt

– Differentiation between public borrowing and public debt

– Public bodies borrowing

– The debt crisis in Greece

  1. LEARNING & TEACHING METHODSEVALUATION
TEACHING METHOD
Face to face, Distance learning, etc.
Face to face
USE OF INFORMATION & COMMUNICATIONS TECHNOLOGY (ICT)
Use of ICT in Teaching, in Laboratory Education, in Communication with students
1. Use of power point during lectures.

2. Posting of teaching material, bibliography, slides, exercises, notes, outline and evaluation methods of the course on e-class.

3. Use of polls, brainstorming, mentimentor, breakout rooms or creation of working groups during lectures.

 

TEACHING ORGANIZATION

The ways and methods of teaching are described in detail.

Lectures, Seminars, Laboratory Exercise, Field Exercise, Bibliographic research & analysis, Tutoring, Internship (Placement), Clinical Exercise, Art Workshop, Interactive learning, Study visits, Study / creation, project, creation, project. Etc.

 

The supervised and unsupervised workload per activity is indicated here, so that total workload per semester complies to ECTS standards.

Activity Workload/semester
1. Lectures: During the lectures, the material is presented both theoretically and with the use of examples. The lectures take place in an interactive way, in order to favor the interventions of students and to sharpen their critical ability, in which is given special emphasis. 100
2. Tutoring: During the tutorials, exercises are solved, examples are presented and questions of students are answered for better comprehension of the course material.
3. Invitation of speakers from public bodies and organizations related to the thematic units of the course.
Homework 30
Problem solving 20
Course total 150
 
Student Evaluation

Description of the evaluation process

 

Assessment Language, Assessment Methods, Formative or Concluding, Multiple Choice Test, Short Answer Questions, Essay Development Questions, Problem Solving, Written Assignment, Essay / Report, Oral Exam, Presentation in audience, Laboratory Report, Clinical examination of a patient, Artistic interpretation, Other/Others

 

Please indicate all relevant information about the course assessment and how students are informed 

 

A written examination at the end of the semester (100%).

Includes Multiple Choice Test, Right-wrong Test, Short Answer Questions and Problem Solving.

 

 

  1. SUGGESTED BIBLIOGRAPHY
Compulsory

• Gruber, J. 2017. Public Economics and Policy. 1st edition. Athens: da Vinci Publications.

• Course notes

• Lectures’ notes

• Lectures’ slides

 

Optional

• Stiglitz, J. and Rosengard, J. 2019. Public Economics, 2nd edition. Athens: Kritiki Publications.

• Rosen, H. and Gayer, T. 2011. Public Finance. First Edition. Athens: Kritiki Publications.

• Georgakopoulos, Th. 2012. Introduction to Public Finance. 4th Edition. Athens: Benou Publications.

• Hillman, A. 2013. Public Economics and Public Policy. Athens: Papazisis Publications.

• Karagiorgas, D., P. 1981. The Economic Functions of the State. Athens: Papazisis Publications.

 

 

 

ANNEX OF THE COURSE OUTLINE

 

Alternative ways of examining a course in emergency situations

 

Teacher (full name):
Contact details:
Supervisors: (1)
Evaluation methods: (2)
Implementation Instructions: (3)

 

  • Please write YES or NO
  • Note down the evaluation methods used by the teacher, e.g.
  • written assignment or/and exercises
  • written or oral examination with distance learning methods, provided that the integrity and reliability of the examination are ensured.
  • In the Implementation Instructions section, the teacher notes down clear instructions to the students:

 

  1. a) in case of written assignment and / or exercises: the deadline (e.g. the last week of the semester), the means of submission, the grading system, the grade percentage of the assignment in the final grade and any other necessary information.
  2. b) in case of oral examination with distance learning methods: the instructions for conducting the examination (e.g. in groups of X people), the way of administration of the questions to be answered, the distance learning platforms to be used, the technical means for the implementation of the examination (microphone, camera, word processor, internet connection, communication platform), the hyperlinks for the examination, the duration of the exam, the grading system, the percentage of the oral exam in the final grade, the ways in which the inviolability and reliability of the exam are ensured and any other necessary information.
  3. c) in case of written examination with distance learning methods: the way of administration of the questions to be answered, the way of submitting the answers, the duration of the exam, the grading system, the percentage of the written exam of the exam in the final grade, the ways in which the integrity and reliability of the exam are ensured and any other necessary information.

There should be an attached list with the Student Registration Numbers only of students eligible to participate in the examination.