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ECO440Social Sciences2 Unitsintermediate

Tax And Fiscal Policy

This course provides an in-depth understanding of taxation and fiscal policies and their impact on economic growth and development. It explores the formulation and implementation of fiscal policies, examining how variations in government expenditure and taxation affect national income, employment, output, and prices. The course covers topics such as fiscal functions, public revenue and expenditure, public debt, fiscal federalism, and development finance, analyzing both the real and financial aspects of these issues.

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208h

Study Time

13

Weeks

16h

Per Week

basic

Math Level

Course Keywords

TaxationFiscal PolicyPublic FinanceEconomic GrowthDevelopment Finance

Course Overview

Everything you need to know about this course

Course Difficulty

Intermediate Level

Builds on foundational knowledge

65%

intermediate

➕

Math Level

Basic Math

📖

Learning Type

Theoretical Focus

Course Topics

Key areas covered in this course

1

Fiscal Functions

2

Public Revenue

3

Public Expenditure

4

Public Debt

5

Fiscal Federalism

6

Development Finance

Total Topics6 topics

Ready to Start

No specific requirements needed

This course is designed to be accessible to all students. You can start immediately without any prior knowledge or specific preparation.

Assessment Methods

How your progress will be evaluated (3 methods)

assignments

Comprehensive evaluation of course material understanding

Written Assessment

tutor-marked assessments

Comprehensive evaluation of course material understanding

Written Assessment

final examination

Comprehensive evaluation of course material understanding

Written Assessment

Career Opportunities

Explore the career paths this course opens up for you

Economist

Apply your skills in this growing field

Policy Analyst

Apply your skills in this growing field

Financial Analyst

Apply your skills in this growing field

Budget Analyst

Apply your skills in this growing field

Public Sector Consultant

Apply your skills in this growing field

Industry Applications

Real-world sectors where you can apply your knowledge

GovernmentFinancial ServicesConsultingResearchInternational Organizations

Study Schedule Beta

A structured 13-week journey through the course content

Week

1

Module 1: An Overview of Fiscal Functions

12h

Unit 1: The Allocation Function

6 study hours

•Understand the need for public sector intervention.
•Define public and social goods.
•Study market failure and its causes.
•Analyze the economic impact of government allocation.

Unit 2: The Distribution Function

6 study hours

•Examine the determinants of income and wealth.
•Understand optimal distribution of state resources.
•Study fiscal instruments of distribution policy.
•Analyze the economic impact of government distribution.

Week

2

Module 1: An Overview of Fiscal Functions

12h

Unit 3: The Stabilization Function

6 study hours

•Understand the purpose of stabilization.
•Study the instruments of stabilization policy.
•Examine policy mix.
•Learn how policy can be shaped effectively.

Unit 4: The Coordination or Conflict of Functions

6 study hours

•Understand the coordinated approach under a normative fiscal process.
•Examine conflicts and coordination in fiscal processes.
•Learn that budget policies can be designed without conflict.
•Understand the interaction between public and private sectors.

Week

3

Module 2: Public Revenue

8h

Unit 1: Public Revenue: General Consideration

4 study hours

•Understand the different sources of government revenue.
•Define taxable capacity.
•Study money creation as a means of government revenue.

Unit 2: Taxation

4 study hours

•Understand the main source of government revenue.
•Study different types of tax.
•Distinguish between public revenue and public receipts.
•Distinguish between direct and indirect tax.

Week

4

Module 2: Public Revenue

8h

Unit 3: Tax Assignment and Tax Shifting

4 study hours

•Understand the principles of taxation.
•Study tax assignment, tax shifting, and incidence of tax.
•Analyze the impacts of the incidence of tax in the economy.

Unit 4: Taxation and Fiscal Policy

4 study hours

•Understand the meaning of fiscal policy.
•Study taxation as a tool of fiscal policy.
•Analyze the effects of tax on the economy and individuals.
•Understand the role of taxation in economic growth and stabilization.

Week

5

Module 3: Public Expenditure

10h

Unit 1: Public Expenditure: General Consideration

5 study hours

•Understand the meaning and importance of public expenditure.
•Study classification of public expenditure.
•Examine theories of growth of public expenditure.
•Analyze the effects of public expenditure in the economy.

Unit 2: Evaluation of Public Expenditure

5 study hours

•Understand framework for analyzing public expenditure.
•Study analyzes of the functional composition of public expenditure.
•Study analyzes of the economic composition of public expenditure.

Week

6

Module 3: Public Expenditure

6h

Unit 3: Public Expenditure and Fiscal Policy

6 study hours

•Understand public expenditure and the working of fiscal policy.
•Study different expenditure policy.
•Analyze the impact of fiscal policy on different economic agents.
•Analyze the impact of fiscal policy on different economic activities.

Week

7

Module 4: Economics of Public Debt

10h

Unit 1: Introduction to Public Debt Economics

5 study hours

•Understand the meaning and composition of public debt.
•Understand reasons behind objections to government borrowing.
•Study issues in public debt and public debt management.

Unit 2: Public Debt and Budget

5 study hours

•Understand the important sources of public debt.
•Study methods of debt repayment.
•Understand the components and types of budget.
•Analyze fiscal deficit and the consequences of fiscal deficit.

Week

8

Module 4: Economics of Public Debt

6h

Unit 3: Debt Burden and Intergeneration Equity

6 study hours

•Understand the burden of debt.
•Study intergenerational transfer of burden of debt.
•Understand means of transferring burden of debt.

Week

9

Module 5: Fiscal Federalism

6h

Unit 1: Inter Governmental Fiscal Relations

6 study hours

•Understand fiscal relations of different levels of government.
•Study equalization of fiscal position.
•Understand reasons for coordinating adjustments by the central government.

Week

10

Module 5: Fiscal Federalism

6h

Unit 2: Fiscal Federalism in Nigeria

6 study hours

•Understand the theoretical underpinnings of fiscal federalism.
•Study principles of federal finance.
•Understand consequences of fiscal fragmentation.
•Understand factors that guide fiscal federalism in Nigeria.

Week

11

Module 5: Fiscal Federalism

6h

Unit 3: Development Finance

6 study hours

•Know the ingredients of development.
•Understand the role of fiscal policy, stability and growth in development.
•Understand the effects of tax structure policy on development.
•Understand the effect of tax incentives and expenditure policy on development.

Week

12

Module 1: An Overview of Fiscal Functions

6h

Module 1 Review

6 study hours

•Review Module 1: An Overview of Fiscal Functions
•Complete any pending assignments for Module 1.

Week

13

Module 2: Public Revenue

6h

Modules 2-5 Review

6 study hours

•Review Modules 2-5: Public Revenue, Public Expenditure, Economics of Public Debt, Fiscal Federalism
•Complete any pending assignments for Modules 2-5.

This study schedule is in beta and may not be accurate. Please use it as a guide and consult the course outline for the most accurate information.

Course PDF Material

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Study Tips & Exam Preparation

Expert tips to help you succeed in this course

1

Create a study schedule allocating specific time slots for each module.

2

Summarize key concepts and formulas from each unit to create a quick reference guide.

3

Practice applying theoretical concepts to real-world scenarios and case studies.

4

Review all Tutor-Marked Assignments (TMAs) and feedback from your tutor.

5

Focus on understanding the relationships between taxation, public expenditure, and economic growth.

6

Create concept maps linking Units 3-5 fiscal federalism concepts

7

Practice numerical questions from Units 7-9 weekly

8

Review all TMAs

9

Focus on key concepts

10

Create flashcards for key terms and definitions

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