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| ECON2264-3 | Public choices and budgeting - Part 1 : Public choices analysis - Part 2 : Budgeting
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| Duration : | Part 1 : Public choices analysis : 15h Th Part 2 : Budgeting : 15h Th
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| Credits/ECTS : |
| Master in Economical Sciences, in-depth approach, 1st year |  | First semester |  | 5 |
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| Master in Economical Sciences, didactic approach, 1st year |  | First semester |  | 5 |
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| Master in Economical Sciences, Professional Focus in Economic Policies and Analysis, 1st year |  | First semester |  | 5 |
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| Master en sciences économiques,orientation générale, à finalité spécialisée en economics and finance, 1st year |  | First semester |  | 5 |
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| Master en sciences économiques, orientation générale, à finalité spécialisée en economic analysis and public governance, 1st year |  | First semester |  | 5 |
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| Holder(s) : | Part 1 : Public choices analysis : Bernard Jurion
Part 2 : Budgeting : Luc Leruth, Elisabeth Paul
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| Language : | French language |
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| Course contents : |
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 | The aim of this course is to analyse some political behaviour by using an economic approach.The content is based on the "Public Choice Theory". The following topics are discussed: voting theory (unanimity rule, majority rule and optimal majority, cycling, Arrow's theorem, median voter theorem, logrolling, simple alternatives to majority rule, ...) and representative democracy (two-party competition, multiparty systems, two views ef representation, political business cycle, ...). It is also emphasised on the objectives of the public administration (bureaucracy) and lobbies. The size and the growth of government is also explained (demand for public goods, fiscal illusion, less potential for productivity advances in the public sector, ...). |
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| Course objective : |
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 | Explain public choices by the rationality of economic agents. |
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| Prerequisites : |
 |  | Part 1 : Public choices analysis |

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 | Students should have followed an introductory course in economics and, ideally, a course in public economics |
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| Organization : |
 |  | Part 1 : Public choices analysis |

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 | First semester |
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| Written notes : |
 |  | Part 1 : Public choices analysis |

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 | Lecture notes.
Recommended literature:
MUELLER, D.C., Public Choice, Cambridge University Press.
MUELLER, D.C., The Public Choice Approach to Politics, Edward Elgar. |
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| Assessment : |
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 | Oral and written exam the same day. |
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| Contacts : |
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 | Professor :
B. JURION, Building B31, Room 1/55 - Phone: 04/366.30.47, e-mail: b.jurion@ulg.ac.be
Teaching assistant:
M. LEFEBVRE, Building B31, Room 1/57 - Phone: 04/366.30.42, e-mail: mathieu.lefebvre@ulg.ac.be |
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