TROY UNIVERSITY
MASTER SYLLABUS
SORRELL COLLEGE OF BUSINESS
FIN 4454
Public Finance
Prerequisites
FIN 3332.
Description
This course examines and analyses public finance from the perspective of the financial
management of governmental enterprises. It examines revenues and expenditures at all levels of
government, the financial management of government enterprises, and effects of public finance
on business finance and personal finance. Prerequisite: FIN 3332.
Objectives
On completion of the course, the student should be able to:
1.
2.
3.
4.
5.
6.
Measure and analyze the size and scope of government enterprises.
Discuss the efficiency of public goods and externalities.
Determine the effects of equity and income distributions on business finance.
Use various theories of valuation to analyze taxes on income versus sales and consumption.
Analyze fees and charges as alternative revenue sources.
Discuss and analyze infrastructure and capital spending.
Purpose
To provide a survey of public-finance concepts needed in the finance undergraduate program.
Approved Texts
Hyman, D. N. (2014 or current). Public finance: A contemporary application of theory to policy
(11th ed.). Mason, OH: Thomson/South-Western.
Supplements
As deemed appropriate.
Master Syllabi are developed by the senior faculty in each business discipline. This Master Syllabus must be used as the basis for developing the
instructor syllabus for this course, which must also comply with the content specifications outlined in the Troy University Faculty Handbook.
The objectives included on this Master Syllabus must be included among the objectives on the instructor’s syllabus, which may expand upon the
same as the instructor sees fit. The statement of purpose seeks to position the course properly within the curriculum and should be consulted by
faculty as a source of advisement guidance. Specific choice of text and other details are further subject to Program Coordinator guidance.
1 August 2005
Master Syllabus: FIN 4454
2
Troy University Faculty Handbook (2010): Section 3.9.2.8 [extract] — essential elements of the syllabus (somewhat modified for space):
1. Course title
2. Course number +
section
3. Term
4. Instructor
5. Prerequisites
6. Office hours
7. Class days, times
8. Classroom
location
9. Office location +
e-mail address
10. Office telephone
11. Course
description,
objectives
12. Text(s)
13. Other materials
14. Grading methods, 16. General supports
criterion weights,
(computer works,
make-up policy,
writing center)
mid-term grade
17. Daily assignments,
reports
holidays, add/drop
15. Procedure, course
& open dates, dead
requirements
day, final exam
18. ADA statement
19. Electronic device
statement
20. Additional
services,
statements
21. Absence policy
22. Incomplete-work
policy
23. Cheating policy
24. Specialization
requirements
(certification,
licensure, teacher
competencies)