Course Number: 90-774
Public Expenditure Analysis
This is a companion course to Public Finance, 90-736, and is designed to deal with the expenditure side of the public sector budget in a series of modules. It has been conceptualized as a blending of private finance and public expenditure principles.
The course is divided into 3 modules. In Module 1, the course develops the essential techniques of private sector evaluation principles. In Module 2, special problems which arise in the evaluation of public sector projects are discussed; a variety of evaluation techniques and applications especially suited to public sector projects are then examined. In Module 3, evaluation at a high level of aggregation is dealt with through the use of generational accounting and macro-economic models. These models are examples of aggregate long and short-term public evaluation problem areas typically dealt with by national governments.
The course presumes that the student has had courses in microeconomics and economic statistics, owns a calculator, and is familiar with the use of spreadsheet packages on a personal computer. Also, it is assumed that each student has had or is taking a course in public finance, and is or will be familiar with the material in the Musgrave and Musgrave text, Public Finance in Theory and Practice, the basic principles of public finance which justify government intervention in the market place and underlay public expenditure policy.
Robert P Strauss