This module provides an in depth analysis of the latest development in public sector economics. The macroeconomic consequences of the microeconomic impacts of taxation, expenditures and financing schemes are analyzed. It also covers contemporary topics such as fiscal policy and ageing, social security and intergenerational transfers. Students are also exposed to research methodologies and empirical studies involving computable general equilibrium modelling and generational accounting. Students taking this module are expected to have some basic knowledge of public finance.