Fiscal Policy in Practice

Term: 
Winter
Credits: 
4.0
ECTS credits: 
8.0
Status: 
Elective
Course Description: 

elective for: MA in Economic Policy in Global Markets, MA in Global Economic Relations ( Full Time)

Presentation of the major issues in fiscal policy and public financial management: theoretical foundations, empirical measurement, institutional solutions

Learning Outcomes: 

The primary goal of the course is to link economic theory to the basic notions, problems and solutions of fiscal policy and budgeting in practice. A secondary goal is to help students analytically think about the budgeting system of their home country, and to learn how international good practice handles the problems they face.

Assessment: 

1. Essay comparing the budgeting system of three countries

  •  length: max 10 pages
  •  deadline: March 27, 2017
  •  weight: 40%
  •  by every day of late submission the maximum attainable score is reduced by 4% points (that is the same paper if submitted on time might get 30, if submitted 5 days later gets only 15 or 0 after 10 days)

2. Written exam for grade with weight: 50%. Covering important notions and phenomena, short problems and essay type questions (to get a more specific idea, look at “Illustrative exam questions.pdf” at the e-learning webpage of the course).

3. Activity 10% (measured by short random tests during the lectures)

4. Optional 40 minutes presentation of one optional reading or participation in an organized debate with 20% weight (this means that the theoretically 2 maximum score is 120%, that is, those who undertake a presentation or participation in the debate “gain” 20 points) In order to get the minimum pass grade (C+) for the course, at least 50% of the weighted marks must be obtained

Requirement for an “Audit”: Minimum 6%points in activity

Prerequisites: 

Intermediate level in microeconomics and macroeconomics