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Public Finance and Innovation (IFTE0022)

Key information

Faculty
Faculty of Engineering Sciences
Teaching department
Civil, Environmental and Geomatic Engineering
Credit value
15
Restrictions
Please note, this module is only open to students enrolled on the MSc Responsible Finance and Alternative Assets programme.
Timetable

Alternative credit options

There are no alternative credit options available for this module.

Description

This module will give students the principles and skills necessary to deal with publicly financed projects and innovative financial instruments. Its perspective is twofold: it is aimed at those willing to work for the public sector and for those seeking public finance to support large investments. The module will focus on planning and performance measurements, providing the main methods for assessing the efficiency and effectiveness of public spending with respect to budgets and needs. Further, the module deals with the revenue side by setting out the theories and best practice on how the public sector raises funds. Particular attention is also devoted to the innovative financial instruments such as DeFi. Finally, the module addresses project evaluation. It provides the main methodologies of project assessment, giving close attention to its contribution to economic growth, but also it deals with the new forms of relationship between the private and public sectors of the economy in the provision of goods and services, and to the financing of large-scale (infrastructural) projects.

On completion of this module students will be able to:
• demonstrate a critical understanding of audit and compliance with regards public funds
• evaluate efficiency and effectiveness of projects and public spending
• identify and explain mismanagement of public funds
• demonstrate knowledge of revenue streams for the public sector
• evaluate the relationship between public and private sector in the provision of goods and services and financing of large-scale projects
• demonstrate an understanding of policy processes in the public sector

Module deliveries for 2024/25 academic year

Intended teaching term: Term 2 ÌýÌýÌý Postgraduate (FHEQ Level 7)

Teaching and assessment

Mode of study
In person
Intended teaching location
UCL East
Methods of assessment
30% Exam
70% Other form of assessment
Mark scheme
Numeric Marks

Other information

Number of students on module in previous year
27
Module leader
Professor Francesca Medda
Who to contact for more information
ift-teaching@ucl.ac.uk

Last updated

This module description was last updated on 8th April 2024.

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