Keio University Syllabus and Timetable

PUBLIC FINANCE(Sponsored Course)

Subtitle(Sponsored by Kyokuto Securities Ltd., Co.)
Lecturer(s)KOOK, JOONG-HO
Credit(s)2
Academic Year/Semester2024 Spring
Day/PeriodTue.3
CampusMita
Class FormatFace-to-face classes (conducted mainly in-person)
Registration Number57086
Faculty/Graduate SchoolECONOMICS
Department/MajorECONOMICS Type A, B
Year Level3, 4
FieldMAJOR SUBJECTS PCP (MAJOR SUBJECT SEQUENCE 3)
Grade TypeThis item will appear when you log in (Keio ID required).
Course DescriptionThis course explains fiscal features in Japan considering major functions of governments. We aim to understand the basic theories of public finance related to efficiency and equity criteria. The topics include the issues of public goods, externality, social security, income redistribution, economic effects of taxation, intergovernmental fiscal relations, and other decision-makings of governments.
K-Number FEC-EC-35153-212-07
Course AdministratorFaculty/Graduate SchoolFECECONOMICS
Department/MajorECECONOMICS
Main Course NumberLevel3Third-year level coursework
Major Classification5Major Subjects Course- Advanced Course
Minor Classification15Lecture - Institution and Policy
Subject Type3Elective subject
Supplemental Course InformationClass Classification2Lecture
Class Format1Face-to-face classes (conducted mainly in-person)
Language of Instruction2English
Academic Discipline07Economics, business administration, and related fields

Course Contents/Objectives/Teaching Method/Intended Learning Outcome

The two criteria of in economics or public finance are efficiency and equity. This course introduces main functions of governments related to these two criteria, and explains some features of central and local governments in Japan. The course of Public Finance aims to understand the basic theory of public finance and the fiscal activities of governments, related to efficiency and equity criteria. We study the issues of provision of public goods, externality, social Security, income (re)distribution, economic effects of taxation, some topics of intergovernmental fiscal relations, and other some fiscal decision-makings of central and local levels. While we mainly use the framework of traditional public finance theory, if necessary, we introduce public choice approach.

Active Learning MethodsDescription

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Preparatory Study

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Course Plan

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Method of Evaluation

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Textbooks

Cullis, John and Philip Jones, Public Finance and Public Choice, 3 rd
edition, Oxford Press, 2009. (Main).
Rosen, Harvey S. and Ted Gayer, Public Finance, 10th ed. McGraw-Hill, 2014.
(Some chapters and parts will be selected.)

Reference Books

Gruber, Jonathan, Public Finance and Public Policy, 6th ed. Worth Publishers, 2019.
Musgrave, R. A and P. B. Musgrave, Public Finance in Theory and Practice, McGraw-Hill, 5th Edition, 1989.
Atkinson, Anthony. B. and Joseph E. Stiglitz, Lectures on Public Economics, Princeton Univ. Press, 2015.
Auerbach, Alan J., Raj Chetty, Martin Feldstein, and Emmanuel Saez, Handbook of Public Economics, North-Holland, 2013.
Anderson, John E. Public Finance, Houghton Mifflin, 2003.
Ministry of Finance, Current Japanese Fiscal Conditions and Issues to be Considered.
Auerbach, Alan J. and Martin Feldstein, Handbook of Public Economics, North-Holland, 2002.
Handouts of Fiscal and Tax Data and Issues.
National Tax Agency, Japanese Tax Systems.
Other Handouts related to Public Finance etc.

Lecturer's Comments to Students

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Question/Comments

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