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Economics of the Public Sector (ECON0050)

Key information

Faculty
Faculty of Social and Historical Sciences
Teaching department
Economics
Credit value
15
Restrictions
Suitable for: 2nd / final year Economics (L100, L101 and L102) and final year Econ/Geog (LL17), Phil/Econ (VL51) and PPE (4V86) students. Prerequisites: ECON0002: Economics or equivalent. Students should also have taken (or be concurrently taking) ECON0013: Microeconomics or equivalent.
Timetable

Alternative credit options

There are no alternative credit options available for this module.

Description

Aims: to provide students with an understanding of the economics of public goods, public expenditure and public services, and with the ability to analyse and understand key issues in this field using standard tools of theoretic and empirical economic analysis, corresponding to the level taught in core second-year economics modules.

Suitable for: 2nd / final year Economics (L100, L101 and L102) and final year Econ/Geog (LL17), Phil/Econ (VL51) and PPE (4V86) students.

Prerequisites: ECON0002: Economics or equivalent. Students should also have taken (or be concurrently taking) ECON0013: Microeconomics or equivalent.

Assumed knowledge: Students coming into the module should understand concepts relating to Pareto efficiency, welfare distribution and market failures. They should be familiar with algebraic derivation and graphical representation of utility as well as profit maximisation, in perfect competition. They also should be able to frame economic decisions in the presence of asymmetric information.

Module deliveries for 2024/25 academic year

Intended teaching term: Term 1 听听听 Undergraduate (FHEQ Level 6)

Teaching and assessment

Mode of study
In Person
Methods of assessment
65% Coursework
35% In-class activity
Mark scheme
Numeric Marks

Other information

Number of students on module in previous year
179
Module leader
Mr Lucas Conwell
Who to contact for more information
r.maskell@ucl.ac.uk

Last updated

This module description was last updated on 19th August 2024.

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Important information

The catalogue has been updated with key information about the modules that will run during the 2024/25 academic session. Current and prospective students can browse through the catalogue to consider possible module choices for the coming year.

Please note,听information in the catalogue is听subject to change as teaching and assessment arrangements for 2024/25 may need to be adjusted in line with the University's Feedback and Assessment principles and operating model.

Centrally managed exam durations will be provided on students' individual exam timetables. Arrangements for locally managed timed assessments and in-class activity will be confirmed by the teaching department for the module.

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