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ECO727Social Sciences2 Unitsintermediate

Public Sector Economics

This course on Public Sector Economics introduces postgraduate Economics students to taxation, public expenditure, and empirical studies. It explores public goods, fiscal federalism, and fiscal policy, building on basic public sector analysis. The course guide outlines materials and time allocation for each unit to achieve course aims and objectives. It aims to develop critical thinking skills, evaluate economic phenomena in public finance, and understand public sector activities in Nigeria and other nations.

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78h

Study Time

13

Weeks

6h

Per Week

basic

Math Level

Course Keywords

Fiscal PolicyTaxationPublic ExpenditureFiscal FederalismSocial Goods

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 Policy

2

Public Expenditure

3

Taxation

4

Fiscal Federalism

5

Social Goods

6

Deficit Financing

7

Public Debt

8

Development Planning

9

Economic Revenue Structures

Total Topics9 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

Financial Analyst

Apply your skills in this growing field

Policy Analyst

Apply your skills in this growing field

Public Sector Planner

Apply your skills in this growing field

Budget Analyst

Apply your skills in this growing field

Industry Applications

Real-world sectors where you can apply your knowledge

GovernmentFinancial InstitutionsResearch OrganizationsInternational Development AgenciesConsulting Firms

Study Schedule Beta

A structured 13-week journey through the course content

Week

1

MODULE ONE: FISCAL FUNCTIONS, INSTITUTIONS AND POLICIES; SOCIAL GOODS,

2h

Unit 1: Meaning of Fiscal Policy

2 study hours

•Define fiscal policy and its objectives.
•Explain the concept of public expenditure.
•Discuss the concept of fiscal institutions.
•List the limitations of fiscal policy.

Week

2

MODULE ONE: FISCAL FUNCTIONS, INSTITUTIONS AND POLICIES; SOCIAL GOODS,

2h

Unit 2: Functions/Role/Purpose of Fiscal Policy

2 study hours

•Discuss the concept fiscal policy and its objectives.
•List the critical functions of fiscal.
•Explain the stabilization and growth functions of fiscal policy.
•List the limitations of fiscal policy.

Week

3

MODULE ONE: FISCAL FUNCTIONS, INSTITUTIONS AND POLICIES; SOCIAL GOODS,

2h

Unit 3: Fiscal Federalism vs Fiscal Institutions

2 study hours

•Discuss the meaning of federalism and fiscal federalism
•List the critical functions of fiscal institutions
•Highlight the deference between government fiscal institutions and independent fiscal institutions.
•State the features of a feasible fiscal council.

Week

4

MODULE ONE: FISCAL FUNCTIONS, INSTITUTIONS AND POLICIES; SOCIAL GOODS,

2h

Unit 4: Social Goods and Optimal Distribution

2 study hours

•Discuss the meaning of social goods
•List the main characteristics of social goods.
•Explain how social goods can be distributed optimally.
•Discuss factors that may lead to inadequate provision of social goods

Week

5

MODULE TWO: THEORY AND EMPIRICAL EVIDENCE ONEXPENDITURE DEVELOPMENT AND TAX STRUCTURE; (OBJECTIVES OF FISCAL POLICY), DEFICIT FINANCING BUDGET AND PUBLIC DEBT; DEVELOPMENT PLANNING

2h

Unit 1: Public Expenditure: Role and Function (Objectives of fiscal policy), Deficit Financing, Budget and Public Debt; Development Planning

2 study hours

•Explain the concept and meaning of public expenditure
•Discuss the importance and objects of public expenditure.
•List the role of public expenditure
•State the reasons for the growth of public expenditure

Week

6

MODULE TWO: THEORY AND EMPIRICAL EVIDENCE ONEXPENDITURE DEVELOPMENT AND TAX STRUCTURE; (OBJECTIVES OF FISCAL POLICY), DEFICIT FINANCING BUDGET AND PUBLIC DEBT; DEVELOPMENT PLANNING

2h

Unit 2: Empirical Evidence on Public Expenditure

2 study hours

•List the limitations of expenditure under federalism with written constitution.
•Discuss the empirical Evidence of public expenditure using two country as example.

Week

7

MODULE TWO: THEORY AND EMPIRICAL EVIDENCE ONEXPENDITURE DEVELOPMENT AND TAX STRUCTURE; (OBJECTIVES OF FISCAL POLICY), DEFICIT FINANCING BUDGET AND PUBLIC DEBT; DEVELOPMENT PLANNING

2h

Unit 3: Tax Structure and Importance

2 study hours

•State the sources of government revenue
•Discuss tax as a critical government revenue.
•Highlight features/characteristics of tax
•Explain the theoretical facts about tax structure

Week

8

MODULE TWO: THEORY AND EMPIRICAL EVIDENCE ONEXPENDITURE DEVELOPMENT AND TAX STRUCTURE; (OBJECTIVES OF FISCAL POLICY), DEFICIT FINANCING BUDGET AND PUBLIC DEBT; DEVELOPMENT PLANNING

2h

Unit 4: Empirical Evidence on Tax Structure

2 study hours

•Discuss the empirical evidence of tax effects on economies of selected countries.
•Discuss the empirical evidence of tax structure in Africa and Nigeria

Week

9

MODULE THREE: THE CHANGING FUNCTION OF FISCAL AND NON-FISCAL POLICY AND ECONOMIC REVENUE STRUCTURES; FEDERALISM AND FISCAL ADJUSTMENT THEORY AND PRACTICE IN SELECTED COUNTRIES.

2h

Unit 1: The Changing Function of Fiscal Policy in Selected Countries

2 study hours

•Explain the content of fiscal rules relative to the changing function of fiscal policy.
•Discuss factors necessitating the changing function of fiscal policies.
•Discuss the empirical evidence of fiscal function in EU and SSA in not more than one page.
•State the fiscal policy actions that are being embarked upon by the Nigerian government.

Week

10

MODULE THREE: THE CHANGING FUNCTION OF FISCAL AND NON-FISCAL POLICY AND ECONOMIC REVENUE STRUCTURES; FEDERALISM AND FISCAL ADJUSTMENT THEORY AND PRACTICE IN SELECTED COUNTRIES.

2h

Unit 2: The Changing Function of Non-Fiscal Policy in Selected Countries

2 study hours

•Discuss the meaning of non-fiscal policy.
•Explain the evidence of non-fiscal policy in some US states.
•List the non-fiscal policy actions in Nigeria

Week

11

MODULE THREE: THE CHANGING FUNCTION OF FISCAL AND NON-FISCAL POLICY AND ECONOMIC REVENUE STRUCTURES; FEDERALISM AND FISCAL ADJUSTMENT THEORY AND PRACTICE IN SELECTED COUNTRIES.

2h

Unit 3: Economic Revenue Structures in Selected Countries

2 study hours

•Explain the sources of government revenue.
•Discuss the structure of government revenue.
•Explain the structure of revenue in selected countries

Week

12

MODULE THREE: THE CHANGING FUNCTION OF FISCAL AND NON-FISCAL POLICY AND ECONOMIC REVENUE STRUCTURES; FEDERALISM AND FISCAL ADJUSTMENT THEORY AND PRACTICE IN SELECTED COUNTRIES.

2h

Unit 4: Federalism and Fiscal Adjustment Theory and Practice in Selected Countries

2 study hours

•Discuss the concept of federalism.
•Explain fiscal adjustment process in federalism.
•Discuss the practice of federalism and fiscal adjustment in selected countries.

Week

13

Final Revision

4h

Final Revision

4 study hours

•Review all modules
•Work on assignments
•Prepare for final examination

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

Read the complete course material as provided by NOUN.

Access PDF Material

Study Tips & Exam Preparation

Expert tips to help you succeed in this course

1

Review all unit objectives and ensure you can confidently address each one.

2

Create summaries of key concepts and theories from each module.

3

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

4

Focus on understanding the differences between fiscal and non-fiscal policies.

5

Pay close attention to the empirical evidence presented in the course materials.

6

Practice answering past exam questions to familiarize yourself with the exam format.

7

Create concept maps linking Units 3-5 database concepts

8

Allocate specific time slots for revision each day leading up to the exam

9

Prioritize studying areas where you feel less confident

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