This module provides an introduction to the management of public finances. As governments face both increasing financial pressure and growing demands for their services, it is vital for all students of public administration and management to understand both the context and management of public money.
The aims of the module are to examine the academic theory, policy and practice that relate to the management of public finances. The module combines an examination of both the economic perspective and rationale for government spending together with a financial management perspective on issues such as resources allocation, accountability and value for money.
The module will reflect an international context by examining the policies of a range of countries as well as a critical consideration of developments in global initiatives emanating from bodies such as the OECD, IMF and World Bank.
Module learning outcomes
Be able to define public finance
Be able to discuss the controversies and challenges around the role of government in public finance
Be able to understand and explain market and government failure and how they relate to public finance
Have a good understanding of the main features and principles of fiscal policies, i.e. revenue, expenditure and budget policy and process
Describe the evolution and the features of public sector management and accountability and its impact upon the effectiveness of financial management
% of module mark
Special assessment rules
% of module mark
Assessment: written feedback in Week 7 of the Term in which the Essay was submitted; Reassessment: written feedback in Week 10 of the Term in which the Reassessment Essay was submitted.
Bandy, Gary ( 2014) Financial Management and Accounting in the Public Sector, Second edition. Routledge
Barr, N. (2012) Economics of the Welfare State, 5th edition, Oxford University Press
Ulbrich, Holley H. (2011) Public Finance in Theory and Practice Second Edition, Routledge.