Tax And Fiscal Policy

1. Describe the tools of fiscal policy and government spending.
2. Discuss the potential and limitations of fiscal policy.
3. Evaluate fiscal policy relationships between consumption and output.
4. Understand how economic perspectives and theories about fiscal policy change over time.
5. Discuss public choice theory and its impact on fiscal policy.

13 weeks, about 102 hours in total. Yours will differ.

1. Week 1Module 1: An Overview of Fiscal Functions

   • Unit 1: The Allocation Function · 6 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 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..

2. Week 2Module 1: An Overview of Fiscal Functions

   • Unit 3: The Stabilization Function · 6 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 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..

3. Week 3Module 2: Public Revenue

   • Unit 1: Public Revenue: General Consideration · 4 hours

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

   • Unit 2: Taxation · 4 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..

4. Week 4Module 2: Public Revenue

   • Unit 3: Tax Assignment and Tax Shifting · 4 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 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..

5. Week 5Module 3: Public Expenditure

   • Unit 1: Public Expenditure: General Consideration · 5 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 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..

6. Week 6Module 3: Public Expenditure

   • Unit 3: Public Expenditure and Fiscal Policy · 6 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..

7. Week 7Module 4: Economics of Public Debt

   • Unit 1: Introduction to Public Debt Economics · 5 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 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..

8. Week 8Module 4: Economics of Public Debt

   • Unit 3: Debt Burden and Intergeneration Equity · 6 hours

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

9. Week 9Module 5: Fiscal Federalism

   • Unit 1: Inter Governmental Fiscal Relations · 6 hours

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

10. Week 10Module 5: Fiscal Federalism

    • Unit 2: Fiscal Federalism in Nigeria · 6 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..

11. Week 11Module 5: Fiscal Federalism

    • Unit 3: Development Finance · 6 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..

12. Week 12Module 1: An Overview of Fiscal Functions

    • Module 1 Review · 6 hours

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

13. Week 13Module 2: Public Revenue

    • Modules 2-5 Review · 6 hours

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