UMUC-EUROPE GRADUATE PROGRAMS
BOWIE STATE UNIVERSITY

ECON522 Syllabus

Course Title Public Finance
Term TERM 3, 2006/2007
Education Center DIST-ED_EUROPE_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

Consultation:

The professor will be available on email Colegrove_AB@Yahoo.com or through Bud's Bistro on WebTycho.

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:

(n/a)

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” 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:

Course Requirements

The focus on this course will be the development of a Cost-Benefit analysis of a proposed public works project, the subject of which each student will select. Examples will be provided.

The project will be submitted in three Current Issue Papers (CIP1, CIP2, and CIP3) over the 12-week period. Since this a time-consuming project, there will be no final examination. CIP3 (the completed analysis) will take its place. Students are expected to examine CB Analyses online to see the variety of styles available and to develop a graduate-level paper that displays such scholarship.

Description of Course Requirements:

See description above.

Course Schedule:

Course Schedule
Week Session Dates Readings, Assignments, and Due Dates

1 01/29/2007 Topic: Course Overview
1. Read all Topics in these sections; Syllabus, Course Content, and Week ONE of the Conferences area.
2. Complete all Required Assignments in Week ONE of the Conferences area:
a) Send me an email with "ECON 522: Read It" in the Subject line.
b) Respond to the Conference Topic in Week ONE: Introductions
3. Read Chapter 1 of the Text.
4. Respond to the Discussion Topics in Week ONE in the Conferences area.

2 02/05/2007 1. Read all Topics in Week TWO of the Conference area.
2. Read Chapter 2.
3. Respond to Discussion Topics in Week TWO of the Conferences area.
4. Complete any other assignments or requirements in the Week TWO Conferences area.
5. Submit CIP#1 no later than `14 FEB 07.

3 02/12/2007 1. Read all Topics in Week THREE of the Conferences area.
2. Read Chapter 3.
3. Respond to the Discussion Topics in Week THREE of the Conferences area.
4. Complete any other assignments or requirements in Week THREE of the Conferences area.

4 02/19/2007 1. Read all Topics in Week FOUR of the Conferences area.
2. Read Chapter 4.
3. Respond to the Discussion Topics in Week FOUR of the Conferences area.
4. Complete any other assignments or requirements in Week FOUR in the Conferences area.

5 02/26/2007 1. Read all Topics in Week FIVE in the Conferences area.
2. Read Chapter 6.
3. Respond to Discussion Topics in Week FIVE in the Conferences area.
4. Complete any other assignments in Week FIVE of the Conferences area.
5. Take Midterm Exam during Week SIX (05 – 09 MAR 07).

6 03/05/2007 1. Read all topics in Week SIX in the Conferences area.
2. Read Chapter 7.
3. Respond to the Discussion Topics in Week SIX of the Conferences area.
4. Complete any other assignments in Week SIX.

7 03/12/2007 BREAK WEEK!!

8 03/19/2007 1. Read all topics in Week EIGHT in the Conferences area.
2. Read Chapter 8.
3. Respond to the Discussion Topics in Week EIGHT of the Conferences area.
4. Complete any other assignments in Week EIGHT.

9 03/26/2007 1. Read all topics in Week NINE in the Conferences area.
2. Read Chapter 10.
3. Respond to the Discussion Topics in Week NINE of the Conferences area.
4. Complete any other assignments in Week NINE.
5. Submit CIP#2 no later than 04 APR 07.

10 04/02/2007 1. Read all topics in Week TEN in the Conferences area.
2. Read Chapter 12.
3. Respond to the Discussion Topics in Week TEN of the Conferences area.
4. Complete any other assignments in Week TEN.

11 04/09/2007 1. Read all topics in Week ELEVEN in the Conferences area.
2. Read Chapter 13.
3. Respond to the Discussion Topics in Week ELEVEN of the Conferences area.
4. Complete any other assignments in Week ELEVEN.

12 04/16/2007 1. Read all topics in Week TWELVE in the Conferences area.
2. Read Chapter 14.
3. Respond to the Discussion Topics in Week TWELVE of the Conferences area.
4. Complete any other assignments in Week TWELVE.
5. Submit CIP#3 (The completed Cost-Benefit Analysis) no later that 25 APR 07.

13 04/23/2007 CIP-3 DUE!!
14 04/29/2007 END OF TERM 4!!
15 05/07 2007 GRADES 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:

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 his research was published in 2005 as a chapter of a book entitled “The Changing Face of European Identity.”

Retired from the U.S. Navy as a Master Chief Sonar Technician (E-9), he 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.

Email: Colegrove_AB@Yahoo.com

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


Last updated by DeForest Colegrove: December 11, 2006, 10:29 am edgradpa
Find this syllabus linked from the schedule at: http://www.ed.umuc.edu/schedule