Fiscal Policy in Practice

Course Description: 

elective for: MA in Economic Policy in Global Markets, MA in Global Economic Relations ( Full Time)

Presentation of the major issues in fiscal policy and public financial management: theoretical foundations, empirical measurement, institutional solutions

Learning Outcomes: 

The primary goal of the course is to link economic theory to the basic notions, problems and solutions of fiscal policy and budgeting in practice. A secondary goal is to help students analytically think about the budgeting system of their home country, and to learn how international good practice handles the problems they face.


1. Essay comparing the budgeting system of three countries

  •  length: max 10 pages
  •  deadline: March 27, 2017
  •  weight: 40%
  •  by every day of late submission the maximum attainable score is reduced by 4% points (that is the same paper if submitted on time might get 30, if submitted 5 days later gets only 15 or 0 after 10 days)

2. Written exam for grade with weight: 50%. Covering important notions and phenomena, short problems and essay type questions (to get a more specific idea, look at “Illustrative exam questions.pdf” at the e-learning webpage of the course).

3. Activity 10% (measured by short random tests during the lectures)

4. Optional 40 minutes presentation of one optional reading or participation in an organized debate with 20% weight (this means that the theoretically 2 maximum score is 120%, that is, those who undertake a presentation or participation in the debate “gain” 20 points) In order to get the minimum pass grade (C+) for the course, at least 50% of the weighted marks must be obtained

Requirement for an “Audit”: Minimum 6%points in activity


Intermediate level in microeconomics and macroeconomics