Fall 2007 Course Description

Public Financial Management

Instructor(s): Shama Gamkhar
Course: P A 391 - Public Financial Management
Unique Number: 65720
Day & Time: Wednesdays, 9:00 AM - 12:00 PM
Room: SRH 3.106
Waitlist Information:For LBJ Students: UT Waitlist Information

Description: This course is an introduction to the theory and practice of public financial management (PFM) at all levels of government. The objective of this course is to develop student capabilities in the analysis of financial operations and the management of public sector financial resources. In this course, I take an interdisciplinary approach covering principles of finance, economics, accounting and fiscal administration that are relevant to the understanding of financial policies and financial management in the public sector. The specific areas of PFM covered in this course are: (1) Structure and administration of selected taxes; (2) Debt, investments, cash and risk management techniques; (3) Financial accounting, reporting and analysis of financial statements and; (4) Public budgeting - the budgetary process, politics and reforms (including performance budgeting). Additional areas may be included on the basis of student interests.

The course format will primarily be a combination of lectures, discussions and student presentations. A few guest speakers, from state and local government, are invited to speak on topics related to the course materials. The course will involve homework assignments (individual), case studies (group) and exams (in-class, open book). There will be a weekly tutorial session where the homework assignments and material covered in class will be reviewed. Regular attendance at tutorials is strongly recommended.

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