Page 29 - index

◄Faculty of Economics and Administration►

problems of development finance, as well as how the
State intervenes to affect these choices, under
different governmental systems.
Synopsis of Course The course covers the theoretical arguments and
Contents substantive issues, illustrated with empirical data,
concerning policy problems involving the use of tax and
expenditure measures. While looking at the vast array of
fiscal institutions - tax systems, expenditure programmes,
budget procedures, stabilization instruments, debt issues -
the way fiscal functions are divided among levels of
government is also focused upon. This leads to a
discussion of fiscal federalism, including the pattern of
federal support, the position of state finances, the
emergence of regional problems, the system of
intergovernmental grants, the assignment of taxing powers
and borrowing powers, the problems of fiscal imbalance,
interjurisdictional spillovers and other related issues such
as the distributive justice problem and the public choice
option.
Assessment Methods Continuous Assessment: 50%
Final Examination: 50%
Main Reference (1) Myles, G.D. 1995. Public Economics. Cambridge:
Cambridge University Press.
(2) Hassan, B. (ed.) 2000. The Economics of Public
Spending: Debts, Deficits and Economic
Performance. Cheltenham: Edward Elgar.
(3) Musgrave, R.A. 1999. Public Finance in a Democratic
Society Vol. III: The Foundations of Taxation and
Expenditure. Cheltenham: Edward Elgar.
(4) Bird, R. and Vaillancourt, F. (eds) 1999. Fiscal
Decentralisation in Developing Countries.
Cambridge University Press.
(5) Breton, A. 1998. Competitive Governments: An
Economic Theory of Politics and Public Finance.
Cambridge University Press.
(6) Oates, W.E. (ed.) 1998. The Economics of Fiscal
Federalism and Local Finance. Cheltenham: Edward
Elgar.
(7) Wildasin, D.E. (ed.) 1997. Fiscal Aspects of Evolving
Federations. Cambridge University Press.
(8) Ahmad, E. (ed.) 1997. Financing Decentralized
Expenditures: An International Comparison of Grants.
Cheltenham: Edward Elgar.
(9) Gramlich, E.M. 1997. Financing Federal Systems.
Cheltenham: Edward Elgar.
EXGA6306 ECONOMICS OF NETWORK INDUSTRIES

Learning Outcomes At the end of this course, students are able to:

(1) Analysze the unique characteristics of network
industries that drive the competitive dynamics in these
industries.
(2) Conduct economic analysis of network industries via
exposure to both theoretical models, empirical

29