Course Prerequisites: Finance 3340
This course is an overview of the methods
used to finance the public sector.
We will start with the economics of
the public sector and then study the principles of taxation, including
the theory and methods used to raise funds.
We will then examine government expenditures,
Course Requirements and Grading
the budgeting process,
social security, health care,
and national defense.
We will also study the Federal Reserve
System and it's activities.
This will be a small class, so rather
than the traditional lecture, note taking, and memorizing facts, I will
expect everyone to participate in a class discussion each class period.
The topics covered will be pertinent to the current subject matter, which
you should have already read and be familiar with.
We will have a mid-term exam on or about
Each student will keep a "Public Events
Diary." This diary can be kept in a notebook form of your choosing, and
will contain at least one entry each day of an event pertaining to public
finance. Your interpretation and the source of the event should be included.
I will pick up the notebooks on 16 February, 13 March, 10 April, and 30
April for review and grading.
The final exam will be a 15-20 minute
presentation of your choosing. I will grade this presentation on how appropriate
it is to public finance (specifically, to this course,) your knowledge
of your subject, the quality and depth of your research on the subject,
and your appearance (no ball caps etc.) This is not a `dress up' occasion,
normal class attire will be fine.
Your final grade will be based on your
daily participation (an un-excused absence will be a zero in participation
for that day), 10%, mid-term exam, 10%, diaries, 40% and presentation,
I will rely on the textbook only as a
guide and as an authority on public finance. The material in your diaries
can be a starting point for class discussion. I would also like you to
watch/listen to one hour of news programs or discussions each week. Examples
are C-span morning programs, Money Line and/or Crossfire in the evenings,
any talk radio, or the Sunday morning news programs. A good strategy would
be to sample several of these programs over the semester. The program you
listened to/watched should be logged in your diary and include time, show,
guests if any, and topics discussed.