Studying at York
Public Finance: Principles, Politics & Contemporary Issues - SPY00158M
Module summary
Decisions that governments make about public finance - the revenue they raise and how this revenue is allocated in the form of public spending - are one of the core functions of government. An appreciation of this function is crucial for a full understanding of the role of government and the task of managing public services, and this module introduces students to this topic, including a discussion of tax avoidance and public debt as major contemporary challenges.
Module will run
| Occurrence | Teaching period |
|---|---|
| A | Spring Term 2022-23 |
Module aims
This module introduces students to the role of the state in a market economy, and explores government revenue creation by looking at forms of taxation and the politics of tax policies, including the matter of tax evasion and avoidance. Furthermore, the module discusses government spending with a focus on welfare and public services as well as the politics of spending decisions. Principles of budgeting and sound financial management, as well as the relevance of public debt, budget deficits and public-private partnerships for public finances are scrutinised.
Thus covering the key elements of contemporary public finance, students learn to understand the technical processes involved in government revenue generation, management and spending, whilst gaining the ability to critically analyse the role of politics in public finance decisions, as well as their impact on the public.
Module learning outcomes
By the end of this module you should be able to:
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define public finance and situate it in the context of public policy and administration.
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analyse the political controversies around the role of government in public finance, both with respect to revenue and spending.
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describe the main features and principles of fiscal policies, i.e. revenue, expenditure and budgetary processes.
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understand and explain market and government failure and how they relate to public finance.
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discuss current challenges in public finance such as tax avoidance and public debt in relation with the wider context of changes in public sector management and governance
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apply the theoretical and practical insights gained in this module to real-world case studies.
Indicative assessment
| Task | % of module mark |
|---|---|
| Essay/coursework | 100 |
Special assessment rules
None
Indicative reassessment
| Task | % of module mark |
|---|---|
| Essay/coursework | 100 |
Module feedback
Feedback and marks are returned to students within 20 working days.
Feedback on the summative assessment will consist of written comments and a marking matrix that indicates where the assessed paper sits with respect to the marking criteria. Students can seek further guidance during the drop-in office hours.
Feedback on the formative assessment and on overall study progress is given verbally during seminars.
Indicative reading
Tanzi, V. (2020). Advanced Introduction to Public Finance. Edward Elgar.
Ulbrich, H. H. (2011). Public Finance in Theory and Practice. Routledge.