公共简介econ3430cuhk 1lecture slide 2演讲.pdfVIP

Let’sgothroughthecourseoutlinefirst

•LecturerWaiChiuWOO+teachingassistant:StanleyKa

•Prerequisite:

–Youshouldhavelearned(willbeusedbutnottaughtinclass):Expectedutilitytheory,

indifferencecurve,budgetline,consumersurplus,utilityfunction,consumersurplus,

marginalratesubstitution,etc.

–Youneedn’thavelearned(willbeintroducedinclass):Compensateddemandcurves

(Hicksiandemandcurves),somegametheory,someinformationeconomics

•Learningactivities:

–In-classtest(arrangedinthelastclasson29thNov)45%:MultipleChoicesonly

–Finalexam(centrallyarrangedinonedayween7thand24thDec)55%:Mathand

conceptualquestions

–Problemset=pastfinalexamquestions=sourceforMCquestionsinin-classtest=math

casestoillustratehowatheoryworks+questionstotestifyouunderstandaconcept

–Answersofproblemsetwillbegivenonlyverballyintutorialsorlectures.Thisistheruleof

gameinthiscourse.Don’taskmeortutorsforwrittenanswers.

•Readings:

–HarveyRosen’sPublicFinance:simplerthanmylectures,lessthan½becovered.

–Uselectureslides(afterthefirstlecture,Iwillnotprojectslidesinclassanymore)+lecture

notes.Botharerequiredtobereadcarefully.

–Neednotreadallthesuggestedpapersorchapters(readonlyifyouthinkfit).

ECON3430,CUHK2

WhatisPublicFinance?

=alfinance?=Internationalfinance?

ECON3430,CUHK3

PublicFinancefocusesonexploringthe

guidingprinciplesforamoderngovernment

•Howshoulditspend?

–Whyonthethirdairportrunway,notonhelpingsmalland