HISTORY OF PUBLIC FINANCE IN PEOPLE’s REPUBLIC OF China

PREREQUISITES: PUBLIC ECONOMICS,

CHINA’s HISTORY of public Finance

OBJECTIVES

As an elective course in the field of public finance, it explains the evolution of fiscal policy, system and thoughts about public finance in P. R. China, including the history of public finance in P. R. China beginning in 1949, fiscal status quo in the five years following the establishment of P. R. China, fiscal situation in 10-year “Cultural Revolution”, and so on.

PROGRESSIVE ASSESSMENT

Coursework assignment (20%)

2-hour examination (80%)

RECOMMENDED TEXTBOOKS

1. Zhao Menghan,The PRC’s History of Public Finance (1927-2002), Economic Science Press, 2002(Chinese)

2. Xiang Huaicheng,China’s Comprehensive History of Public Finance (Contemporary Volume), China’s Public Finance and Economics Press, 2006 (Chinese)

3. Weng Lihua, Great Way Prevails:China’s History of Public FinanceⅢ, Economic Science Press, 2008 (Chinese)

TOPICS TO BE COVERED IN THE LECTURES/ CLASS SCHEDULE

Week 1: Conspectus of This Course

Week 2: Public Finance in Economic Recovery

Week 3: Public Finance in Socialist Transformation

Week 4: Public Finance in the First Five Year Plan

Week 5: Public Finance in the Great Leap

Week 6: Public Finance in the Cultural Revolution

Week 7: Experiences from the Planed Economy

Week 8: Economic and Social Development in Since Reform and Opening Up

Week 9: Fiscal Reform in 1980-1993

Week 10: Fiscal Reform since 1993

Week 11: Changing Fiscal Policy

Week 12: The Socialist Market Economy System and Fiscal Reform

Week 13: Topic Ⅰ: Sixty Years of Development History and Several Historic Moments in China’s Public Finance

Week 14: Topic Ⅱ: Quantitative Analysis on P.R China’s History of Public Finance

Week 15: Discussion & Review

Week 16: Examination