UMUC-EUROPE GRADUATE PROGRAMS
BOWIE STATE UNIVERSITY

ECON522 Syllabus

Course Title Public Finance
Term TERM 2, 2005/2006
Education Center KAISERSLAUTERN-KAP-GRAD
Faculty Member DeForest Colegrove - dcolegro@faculty.ed.umuc.edu

Faculty Contact Information:

Prof. De Forest W. Colegrove
UMUC, Unit 29216
APO AE 09102

Colegrove_AB@Yahoo.com

0171 195 3690

Consultation:

Before / after class.

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:

Each instructor has his or her preferences for supplementary reading material that may be added here. 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:

Grading:

Each student will develop a final grade by the extent of his / her contributions in the following areas:

Midterm Examination 20%
Final Examination 20%
Research Paper 25%
Presentation 25%
Participation 10%

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” is used to designate academic failure. “F(n)” is used to designate failure for non-completion. Grades of incomplete (I) or withdrawal (W) are governed by UMUC policies. For further details, please refer to the UMUC-Europe Graduate Catalog. Hard copies of the catalog are available at 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.

Description of Course Requirements:

Syllabus


Description / Objectives: This course is an analysis of the elements, structure, functions, and processes of public finance. It covers theory and practice of the allocation, distribution, and stabilization roles of the government at national, state, and local levels.

Responsibilities:

1. Students are expected to read the chapter(s) assigned for each class prior to coming to class and be prepared to ask questions about the work. The professor will cover most of the text work and often add material from current periodical literature. The student is responsible for all text and class materials.

2. Each student will conduct a Cost Benefit Analysis, write a formal report containing the results, and make a presentation / discussion of 15 - 20 minutes utilizing MS PowerPoint on the same material. It is recommended that a draft of the paper be submitted to the professor during the third weekend of the course for advice and comment.

Course Schedule:

UMUC
European Division

Term 2: 24 OCT to 16 DEC 2005

Public Finance (ECON 522)

Text: Hyman, David N. Public Finance:
A Contemporary Application of Theory to Policy, 8th ed.
(Mason, OH: South-Western, 2005).

Meetings: Sat & Sun (0900 – 1600) (KAPAUN)

Professor: Dr. De Forest W. Colegrove


Weekend Date Chapter

1 29 OCT 1 – Individuals and Government
2 – Efficiency, Markets, and Governments

30 OCT 3 – Externalities and Government Policy
4 – Public Goods

2 12 NOV MIDTERM EXAMINATION (Chapters 1-4)

6 – Cost-Benefit Analysis / Govt. Investments

13 NOV 7 – Government Subsidies / Support for Poor
8 – Social Security and Social Insurance

3 03 DEC 10 – Introduction to Government Finance
12 – Budget Balance and Government Debt

04 DEC 13 – The Theory of Income Taxation
14 – Taxation of Personal Income in the US

4 17 DEC FINAL EXAMINATION (Chapt. 6-8, 10, 12-14)

STUDENT RESEARCH PRESENTATIONS

18 DEC STUDENT RESEARCH PRESENTATIONS

STUDENT RESEARCH PRESENTATIONS

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:

De Forest W. Colegrove


Dr. Colegrove holds undergraduate degrees in industrial chemistry, and mathematics/computer science and graduate degrees in international trade/finance, and humanities/economics. His doctoral dissertation is entitled “The Levels of Economic Literacy of Russian High School Students.“ Dr. Colegrove has co-authored a book entitled, “Market Economics: A Practical Primer for Socialists,” which has been translated into Cyrillic and is currently being used in the school system in Kazan, Tatarstan. He was nominated in 2002 for the University’s Stanley J. Drayzek Award for Teaching Excellence. He recently completed a research project with Kent State University studying and writing about German citizens regarding their feelings of Supranationalism in the European Union. The product of that research was published in 2005 as a chapter of a book entitled “The Changing Face of European Identity.”

He retired from the U.S. Navy as a Master Chief Sonar Technician (E-9), taught mathematics and electronics at Florida Keys Junior College, basic computer skills to Russian and Hispanic immigrants at Rhode Island College, market economics at Kazan State University (Russia), and advanced business courses at Johnson and Wales University (RI). In 1996 he joined Maryland in Europe, in May 2002 was promoted to the rank of Resident Collegiate Professor, and in 2004 was certified to teach distance education courses for the University. He is a member of the International Society of Political Psychology, a charter member of the Holocaust Memorial Museum, and resides with his wife, Ann, near Heidelberg, Germany.


Last updated by DeForest Colegrove: September 29, 2005, 2:05 pm
Find this syllabus linked from the schedule at: http://www.ed.umuc.edu/schedule