Public Financial Management (965M9)

15 credits, Level 7 (Masters)

Spring teaching

States in developing countries frequently lack the resources, administrative capacity and legitimacy needed to reproduce themselves and pursue their goals and the goals of society. This course explores the behaviour of states through the lens of public finance. How do states manage international capital flows, including FDI, debt, and aid? What domestic sources are available without excessively burdening economic actors or coercing popular sectors? How do states prioritise and allocate their resources in ways that deepen democracy, manage macroeconomic balances, pursue efficiency, and improve distribution?

We will address these questions by considering the following four broad themes: capital flows (including FDI, debt, and aid); revenues (rents and tax); budgeting; and the political economy of public finance.


100%: Lecture


100%: Coursework (Essay)

Contact hours and workload

This module is approximately 150 hours of work. This breaks down into about 18 hours of contact time and about 132 hours of independent study. The University may make minor variations to the contact hours for operational reasons, including timetabling requirements.

We regularly review our modules to incorporate student feedback, staff expertise, as well as the latest research and teaching methodology. We’re planning to run these modules in the academic year 2024/25. However, there may be changes to these modules in response to feedback, staff availability, student demand or updates to our curriculum. We’ll make sure to let you know of any material changes to modules at the earliest opportunity.