Economic analysis in public administration2018

2002 Economic analysis in public administration

  • Study programme and level: Master’s Degree Programme Administration- Public sector governance 2nd Cycle
  • 1st year
  • 8 ECTS
  • Course type: Core
  • Lectures: 28
  • Seminar: 14
  • Other forms of study: 118
  • Individual work: 80
  • Lecturer: Aleksander Aristovnik, PhD

1. Prerequisits

No prerequisits.

2. Content (Syllabus outline) 

  • Microeconomic concept of the national economy and public administration
  • Fundamentals of the market economy, market failures and (in) efficiency
  • The role of the state and its forms of intervention
  • Analysis of regulatory and administrative barriers/burdens
  • Public choice
  • Cost/benefit analysis in public administration
  • The macroeconomic concept of the national economy and public administration
  • Economic cycles and stabilization policy
  • Labor market and public administration
  • Economics of welfare
  • Analysis of public expenditure
  • Economic impact of public administration reform

3. Readings

  • Mankiw, N. G. (2015). Principles of microeconomics. Cengage Learning. 7th Edition (izbrana poglavja) 85 str.
  • Stiglitz, J. E., & Rosengard, J. K. (2015). Economics of the Public Sector: Fourth International Student Edition. WW Norton & Company. (izbrana poglavja) 70 str.
  • Ehrenberg, R. G., & Smith, R. S. (2016). Modern labor economics: Theory and public policy. Routledge. (izbrana poglavja) 35 str.
  • Mankiw, N. G. (2014). Principles of macroeconomics. Cengage Learning. 7th Edition (izbrana poglavja) 55 str.
  • Weimer, D. L., & Vining, A. R. (2015). Policy analysis: Concepts and practice. Routledge. (izbrana poglavja) 45 str.
  • Shah, A. (2005). Public expenditure analysis. World Bank Publications. (izbrana poglavja) 40 str.
  • Aktualni domači in tuji članki in gradiva

4. Objectives and competences


  • student understands the micro- and macro-economic reasons for the existence and functioning of public administration
  • student analyzes the impact of state intervention in the functioning of the economy
  • student understands the different approaches and tools to analyze the economic consequences of public administration and public policy
  • student analyzes complex economic problems of public administration
  • student is able to solve the economic problems in the field of public administration and look for different ways of solving them


  • students will be able guidance system of economic concepts in the context of public administration and public policy
  • student will understand the economic phenomena in public administration at the micro and macro level
  • students will be able to understand the economic content and analysis of the functioning of the national economy and its relationship with the public administration and public policy
  • students will be able to explain and compare the actions of public policies
  • students will be able to connect and transfer the acquired knowledge into practice

5. Intended learning outcomes

Student is able/capable:

  • independently apply this knowledge in solving issues or. problems in practice
  • address a specific issue or a complex economic. problem, the professional process and findings shared with other
  • to analyze the meaning and consequences of state intervention in the economy
  • critically assess and evaluate the decisions and actions in the economy, social institutions and policies
  • independently analyze developments in the economy, social institutions and policies

6. Learning and teaching methods

  • preparations for lectures
  • lecture
  • preparations for seminars
  • seminars
  • e-learning
  • case study
  • seminar paper

7. Assessment

Written and/or oral exam 80 %
Seminar paper 20 %

8. Lecturer's references

  • MENCINGER, Jernej, ARISTOVNIK, Aleksander, VERBIČ Miroslav (2017). Asymmetric effects of fiscal policy in EU and OECD countries. Economic Modelling, vol. 61, str. 448-461.
  • ARISTOVNIK, Aleksander, OBADIĆ, Alka (2015). The impact and efficiency of public administration excellence on fostering SMEs in EU countries. Amfiteatru economic, vol. 17, no. 39, str. 761-774.
  • MENCINGER, Jernej, ARISTOVNIK, Aleksander, VERBIČ, Miroslav (2015). Revisiting the role of public debt in economic growth : the case of OECD countries. Inžinerinąe ekonomika, vol. 26, no. 1, str. 61-66.
  • ARISTOVNIK, Aleksander, SELJAK, Janko, MENCINGER, Jernej (2013). Relative efficiency of police directorates in Slovenia : a non-parametric analysis. Expert systems with applications, vol. 40, iss. 2, str. 820-827.
  • ARISTOVNIK, Aleksander (2012). The relative efficiency of education and R&D expenditures in the new EU member states. Journal of business economics and management, vol. 13, no. 5, str. 832-848.