Traditionally the study of public finance has been treated as a branch of micro-economics focusing on taxation and how the funds raised by taxation are spent. This course takes a more multi-disciplinary approach. It is based on the principle that there is much more to public finance than efficiency.
Of course, funds should be raised and spent efficiently. But to whom those funds are distributed and on what criteria matters too. The quality of the outcomes is also important. This raises issues of innovation not only in raising and spending public money but also in co-production and other forms of partnerships as well as modes of service delivery. Underpinning all of this is the normative debate about the role of government.
To address these different perspectives, this course draws upon the disciplines of economics, political science, political philosophy and management. It is intended to put students into the driver’s seat so that they understand not only the concepts but can also work the levers for managing public finance functions.