UMUC-EUROPE GRADUATE PROGRAMS
BOWIE STATE UNIVERSITY

ECON522 Syllabus

Course Title Public Finance
Term TERM 3, 2004/2005
Education Center RHEIN-MAIN-GRAD
Faculty Member Valerie Mock - vmock@faculty.ed.umuc.edu

Faculty Contact Information:

email: vmock@faculty.ed.umuc.edu or via the WebTycho class space
Phone: (in Germany) +49 6221 378361 or DSN: 370-6762
snail mail: Director, Graduate Programs UMUC-Unit 29216 APO AE 09102

Consultation:

Dr. Mock will be available one-half hour before and after class and during lunch; other times by appointment.

Required Texts and Readings:

Text used exclusively for this course--
Hyman, D.N. 2005. Public finance: A contemporary application of theory to policy (8th ed.). Fort Worth: Dryden Press.

Text used in multiple courses--
American Pyschological Association. Publication manual of the American Psychological Association (5th ed.). Washington D.C.: Author.

Supplementary Readings:

Students are expected to make use of the textbook support web site at http://www.hyman.swlearning.com for copies of the powerpoint slides supporting the chapters and updates. Also useful for economic news, issue debates, economic data, and links is http://www.econapps.swlearning.com .

In addition, all graduate students should be prepared to utilize the UMUC online library. The library contains a large number of full text academic journals that are free of charge and immediately available. The library homepage also contains a number of links related to improving students' research and writing skills.

Recommended Journals:

A variety of full-text, free and pay-per-view academic journals are listed on the PA WebBoard (http://webboard.ed.umuc.edu/~pa).

Course Description:

Prerequisites: ECON 201 Principles of Economics-Macro and ECON 203 Principles of Economics-Micro, or ECON 505, or equivalent, and undergraduate American political science or American government, or permission of the Program Director. An analysis of the elements, structure, functions, and processes of public finance. This course covers theory and practice of the allocation, distribution, and stabilization roles of the government at national, state, and local levels.

Course Goals:

As one of three courses required for the Policy track of the MPA, this course is designed to assist students in acquiring the knowledge and analytical skills commonly used in policy analysis. Upon completion of the course, participants should have a working knowledge of:
  1. The rationale for the economic activity of the government in a capitalistic economy,
  2. The structure, sources, functions, and trends of U.S. public funds,
  3. The role of federal, state, and local governments in resource allocation, distribution, and stabilization policies, and how these governments interrelate with regard to funding,   
  4. The specific structure of the U.S. personal and corporate income tax structure,
  5. The nature of the federal deficit and debt, and how economic policy decisions are both constrained by and affect both, and
  6. How economic analysis influences various models of policy analysis. 

Course Objectives:

At the conclusion of this course the student will be able to:
  1. Analyze how a market system operates with government influence,
  2. Evaluate issues of market failure such as externalities and public goods,
  3. Critique government policies that effect the market economy and propose modifications to existing policies or new policies,  
  4. Analyze how policy decisions are influenced by and influence the complex nature of the federal/state/local environments and the business/government environment,
  5. Utilize government-provided data to evaluate economic performance when developing or analyzing policy,
  6. Prepare written economic critiques of existing public policies and propose new policies based on economic considerations,
  7. Incorporate visual and mathematical economic analysis in written economic critiques of policy decisions, and  
  8. Present orally an economic criticism of a new publicp policy for review by peers. 

Grading Information:

Grades for this course will be assigned as follows:

  • A    90%
  • B    80 – 89%
  • C    70 – 79%
  • F    Below 70%
Please note that Bowie State University does not use "D" for graduate students. The grade F(a) is used to designate academic failure. F(n) is used to designate failure for non-completion. Grades of Incomplete or Withdrawal are governed by UMUC-Europe policies. For further details, please refer to the UMUC-Europe Graduate Catalog. Hard copies of the catalog are available in your local Education Center.

Course Requirements:

Graduate school at the masters level focuses on helping students obtain the education needed for success as professionals in their chosen fields. Thus, UMUC-Europe Graduate Programs and Bowie State University share the common goals of promoting excellence in academic scholarship through thoughtful inquiry and the skillful application of knowledge and theory for the betterment of society. In order to maximize your graduate educational experience in general and this course in particular, you are required to:

  • Participate in classroom discussions/problem solutions   10%
  • Write and present an economic policy analysis      30%
  • Complete a midterm with a comprehensive exam question    30%
  • Complete a final with a comprehensive exam question 30%

Description of Course Requirements:

Successful graduate students in American universities dedicate approximately three hours of preparation/study time for every hour spent in the face-to-face classroom. Thus, the following course requirements were developed on the assumption that students would be prepared to spend approximately 150 hours of their own time working on them. In an 8-week term, that is the equivalent of a half-time job. 

Participate in classroom discussions: You are expected to come to class prepared to engage in all discussions in a professional and informed manner. Each student will be judged on the quality, not quantity, of participation in class discussions and how well he/she displays an understanding of public finance. Students may be assigned one of the questions from the chapters listed below and asked to lead the discussion of these questions. All students should attempt to answer all assigned questions in order to prepare for class discussion.



Write and present an economic policy analysis: Students will be divided into groups for policy areas related to government expenditures: income support for the poor, social security and social insurance, and health care. You will work as a team to summarize the chapter and general policies, and then each student is to choose a specific local, state, or federal policy analysis related to that policy area.

You are required to conduct professional-level research, including appropriately citing works of others and avoiding plagiarism. Resubmission of course work from previous classes (whether or not taken at UMUC, UMUC-Europe or BSU), partially or in its entirety, is not acceptable in this course and will result in an automatic failure on the assignment.

You are required to present your research in a professional manner accompanied by appropriate visual material.

Complete a midterm and final: The examination process in this class will assist you in developing the writing and critical thinking skills necessary to successfully passing the comprehensive exam required of all graduate students. The midterm and final will consist of short answer essay questions and a comprehensive question. The problems and essay questions will be based on the objectives for this course and some of the chapter objectives. The comprehensive questions will be graded as though they were actual comprehensive tests. The questions used for this course will either be taken directly from past comprehensive exams or written as though to be included on a comprehensive exam.

Course Schedule:

STUDENTS ARE EXPECTED TO READ THE ASSIGNMENTS BEFORE COMING TO CLASS. AT A MINIMUM, STUDENST SHOULD SCAN THE CHAPTER AND POWERPOINT SLIDES SO THAT THEY CAN PARTICIPATE IN CLASS DISCUSSIONS.

January 22am:
Introductions
Review of syllabus
Clarification of goals, objectives and requirements
Rationale for government economic activity: Read chapters 1 and 18 (pages 675-685) and review problems 1-5 of C1 for discussion

January 22pm:
Review of basic micro and macro concepts. Assignment: Read Chapter 1 appendix and review basic economic concepts on the text website.

January 23am:
Tools of positive and normative analysis. Assignment: Read Chapter 2 and review questions and problems for class discussion.

January 23pm: Analysis of Public Expenditure: Public Goods, Externalities, Stakeholders, External Constituents. Assignment: Read Chapters 3 and 4 and review questions and problems for class discussion.

February 5am:Public Policy, Public Choice, and the Political Process. Assignment: Read Chapter 5 and review questions and problems for class discussion.

February 5pm: Government Expenditure and Policy: Cost-Benefit Analysis. Assignment: Read Chapter 5 and review questions and problems for class discussion.

February 6am/pm: Income Support for the Poor, Social Security and Social Insurance, and Government Health Care. Assignment: The team for each of these topics should present an overview covering the chapter with the final presentations to come the last weekend. Read Chapters 7-9, especially your chapter and review the slies for the other two chapters.

February 19am: Midterm covering above chapters--Parts 1 and 2.

February 19pm: Government Finance and Balancing the Budget. Assignment: Read Chapters 10 and 12 and review questions and problems for class discussion.

February 20am: Taxation. Assignment: Read Chapter 11 13 and review questions and problems for class discussion.

February 20pm: Theories of Taxation and Personal Income Tax. Assignment: Read Chapters 13 and 14 and review questions and problems for class discussion.

March 5am: Corporate Tax and application of government subsidies for the poor. Assignment: Read Chapter 15 and review questions and problems for class discussion. The income support for the poor group is to give their presentations on proposed policies.

March 5pm: Taxes on Consumption and application of social security and insurance. Assignment: Read Chapter 16 and review questions and problems for class discussion. The social security group is to give their presentations on proposed policies.

March 6am: Taxes on Wealth and Property and application of government health policies; class evaluations. Assignment: Read Chapter 17 and review questions and problems for class discussion. The government health group is to give thier presentations on proposed policies.

March 6pm: Fiscal Federalism. Summary discussion of how economic analysis influences the various models of policy analysis. Assignment: Read Chapter 18 for class discussion. Finals and papers due.

Academic Policies:

Note: Any written assignment in this course may be submitted to TurnItIn.Com. This statement constitutes prior notice.

The official university policy on Plagiarism and Academic Dishonesty can be found at http://www.umuc.edu/policy/aa15025.shtml. Section I.C. states: "Faculty may determine if the resubmission of course work from previous classes (whether or not taken at UMUC), partially or in its entirety, is acceptable when assigning a grade on that piece of course work. Faculty must provide this information in their written syllabi. If the resubmission of course work is deemed to be unacceptable, a charge may not be brought under this Policy and will be handled as indicated in the written syllabi."

Please refer to Description of Course Requirements for specific information on how resubmissions will be treated in this course and to the UMUC-Europe Graduate Catalog for information on the following:

Academic Integrity
Course Load
Exception to Policy
Grade Appeal Process
Make-up Examinations
Nondiscrimination
Students with Disabilities

Hard copies of the catalog are available at your local Education Center.

Faculty Bio:

Teaching Philosophy–I believe students learn best when learning is fun and applied to real-world situations and when students are involved in the process. Therefore, students are expected to participate in discussions work in groups to resolve in-class exercises assist their fellow students when possible (without doing their work for them) and to ask questions when there is confusion. I believe that every student starts out with an A in the class and through his/her behavior illustrates to me that they are unworthy of an A. As an instructor it is my job to facilitate the learning process, but I can’t do so unless I have feedback as to what may be impeding that process.

Biography-–After obtaining a BA from the University of Chicago in Anthropology Dr. Mock worked for IBM for 15 years primarily in the technical writing field as writer, editor, and manager, and second-line manager. Her highest position was as the division’s publications coordinator in the Systems Architecture Department reporting to the General Systems Division Vice President of Manufacturing. She has worked with the IBM 1800MPX System, the 360 and 370 Systems, the System/34, /36, and /38, among others. For several years she was a member of an application development team working in the manufacturing, health, education, and banking industries. After leaving IBM she worked as an consultant to the IBM Corporation, the American Red Cross, the Centers for Disease Control and Prevention, Atlanta Management Institute, USAID, Time Systems International, and Zygonic Technologies.

In 1981 she received her MBA from Emory University and completed her Ph.D. at Georgia State University in Management in 1992. Since that time she has been consulting and teaching business courses at Piedmont College in northeast Georgia and at Fort Valley State University in central Georgia. She has been a member of the University of Maryland University College–European Division since 1998 and currently serves as the Director of Graduate Programs. As part of her consulting assignments, she has taught management and marketing concepts to students from developing countries who were executives in the local governments and non-government organizations.



Last updated by Valerie Mock: December 21, 2004, 9:52 pm
Find this syllabus linked from the schedule at: http://www.ed.umuc.edu/schedule