Public Finance

University of Limerick

Course Description

  • Course Name

    Public Finance

  • Host University

    University of Limerick

  • Location

    Limerick, Ireland

  • Area of Study


  • Language Level

    Taught In English

  • Prerequisites

    Prerequisites: EC4101, EC4102, EC4004

  • Course Level Recommendations


    ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.

    Hours & Credits

  • ECTS Credits

  • Recommended U.S. Semester Credits
  • Recommended U.S. Quarter Units
  • Overview

    Rationale and Purpose of the Module: This course covers the theory and practice of public finance. It examines the theoretical rationale for government intervention in modern increasingly globalised economies. More specifically it examines the theory and practice of the allocative, stabilisation and re-distributive roles of government. This involves analysis of theory and practice in relation taxation and expenditure decisions.

    1. Pareto Optimality, General Equilibrium, Social Welfare Functions,
    2. Allocative Role of Government - Market Failures: Public Goods, Externalities, Natural Monopolies,
    3. Cost Benefit Analysis,
    4. Taxation: Incidence and Partial Equilibrium, Taxes on Labour, Taxation and the incentive to work.
    5. The Welfare State: Tax and Social Welfare Systems, Fiscal Measures to Reduce Poverty and Inequality.
    6. Economics of Regulation.

Course Disclaimer

Courses and course hours of instruction are subject to change.

Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.

ECTS (European Credit Transfer and Accumulation System) credits are converted to semester credits/quarter units differently among U.S. universities. Students should confirm the conversion scale used at their home university when determining credit transfer.

Please reference fall and spring course lists as not all courses are taught during both semesters.

Please note that some courses with locals have recommended prerequisite courses. It is the student's responsibility to consult any recommended prerequisites prior to enrolling in their course.