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Prof Johannes Spinnewijn SAL.3.24, Prof Camille Landais SAL.3.23 and Dr Kate Smith SAL.3.16

Prof David Seim TBC

This course is available on the MRes/PhD in Economics and MRes/PhD in Economics and Management. This course is not available as an outside option.

The course will cover the economics of the public sector, including material on taxation, public expenditures and political economics. The course, which covers both theory and empirics, aims to give students a broad overview of this growing field and bring them to the research frontier.

The specific topics covered may vary from year to year, but the following general areas would typically be included:

• Income and wealth inequality

• Behavioural responses to taxes and transfers

• Optimal taxation

• Dynamic taxation

• Behavioural public economics

• Social insurance

• Optimal public good provision

30 hours of lectures in the AT. 30 hours of lectures in the WT.

This course is delivered through lectures totalling a minimum of 60 hours across Autumn Term and Winter Term. Attendance is compulsory.

Students will discuss papers in lectures.

Readings will be mainly from journal articles; a list will be supplied at the start of the term. Although the course will not be based on a textbook as such, it will make extensive use of:

• Handbook of Public Economics Vol. 1-4 (A.J. Auerbach and M. Feldstein, eds.)
• Lectures in Public Economics, A.B.Atkinson and J.E.Stiglitz, Princeton University Press, 2015.

Clarification of assessment

Problem sets (30%) and exercise (40%) in the AT and WT.
Take-home assessment (30%) in the ST.

The assessment for this course is as follows:

i.Two problem sets, one due in AT and one in WT (30%)

ii. An "extended replication exercise" (40%), consisting of:

• a written referee report on a paper (AT)

• a replication of a paper (empirical paper or paper based on simulations) and an extension of that paper (which requires developing a research design, positioning the question of the extension in the literature, etc.) (WT)

iii  A take-home exam in the ST (30%)