GPAD7310 PUBLIC FINANCE: THEORY AND PRACTICE

This course examines theories of public finance from the perspectives of resources allocation, re-distribution of income and wealth, and economic stability and growth, with an emphasis on the impact of budget decisions on social justice and social harmony. The course will begin with examining relevant theories and conclude by studying actual practices in Macao, Hong Kong, the mainland and other governments. Specific emphasis will be placed on the budgetary process, budget assessment, and budget reforms. This course will also examine the implications of monetary policy, such as interest rate, exchange rate and money supply, on public finance.

Pre-requisite: None