Università Roma Tre

OBJECT OF THE COURSE: the economic analysis of public intervention in the allocation and distribution of resources with a focus on the tax-transfer activities of the State.

PROGRAM - The course is divided into two modules:
I) Public intervention in the economic system
1. Foundations of Welfare Economics
2. Market failures
3. Non-market failures
4. The public budget

II) The tax system
1. The functions of a tax system
2. Equity and efficiency of a tax system
3. Tax shifthing and tax incidence
4. Composition of a tax system. Structure and effects of: personal income taxation; business taxation; capital income taxation; property taxation and consumption taxation
5. The vertical distribution of fiscal powers

B. Bises, Lezioni di Scienza delle finanze, volumes 1 e 2, 2018 third edition

SYLLABUS
I) Public intervention in the economic system:
1. Public intervention in the economy: economic justifications; theoretical settings; objectives and tools. The public sector in Italy.
2. Fundamentals of welfare economics.
3. Normative theories of social choice
4. Market failures and public intervention.
5. Formation and implementation of public decisions.
6. Macroeconomic goals and tools. Fiscal and budgetary policy in the context of the European Union.
II) The tax system:
1. Functions, requirements and problems of managing a tax system.
2. Equity and efficiency of a tax system.
3. Tax shifting and tax incidence.
4. The composition of a tax system. Structure and effects of taxes: personal income tax; business income and corporate taxation; the taxation of financial income; property taxes; consumption taxes.
5. The assignment of fiscal powers to central and local governments.

TEXT-BOOKS:
B. Bises, Lezioni di Scienza delle finanze – Parte I: L’intervento pubblico nel sistema economico, Giappichelli Editore, Torino, III edizione, 2019.
B. Bises, Lezioni di Scienza delle finanze – Parte II: Il sistema tributario, Giappichelli Editore, Torino, III edizione, 2019.

The program is divided in two parts:
I) The economic role of the State
1. The economic role of the State: economic rationales; theoretical framework; aims and scope.
2. Welfare economics.
3. Normative principles for redistribution.
4. Market failures and public intervention.
5. Government Budget and Public Debt

II) The tax system and the economic analysis of taxation

1. Aims and characteristics of tax systems.
2. Equality and Efficiency issues.
3. Tax shifting and tax incidence.
4. Effects of taxes: personal income tax; corporate income tax; wealth tax; consumption tax.

Parte I
Da B. Bises, Lezioni di Scienza delle finanze. L’intervento pubblico nel sistema economico, Giappichelli Editore, Torino, III edizione, 2019.

Cap. 2
Cap. 3, except "Appendice".
Cap. 4, except "Appendice".
Cap. 5, except par. 3
Cap. 6, except parr. 6.2.2, 6.2.3, 6.2.4, par. 7
Cap. 8 par. 5

Da P. Bosi (a cura di), Corso di Scienza delle Finanze, Il Mulino, Bologna, Ottava edizione, 2019.

Cap. 2, escluso par. 2
Cap. 4
Cap. 6

Parte II
Da B. Bises, Lezioni di Scienza delle finanze. Il sistema tributario, Giappichelli Editore, Torino, III edizione, 2019 (in corso di pubblicazione).

Cap. 1
Cap. 2, esclusi i parr. 4.2.2, 4.2.3, 4.3, 4.4, 5.
Cap. 4, esclusi parr. 5.3.3, 5.4, 6, 7.
Cap. 5
Cap. 6, escluso il par. 5.3.
Cap. 7
Cap. 9, escluso il par. 2.2.2.
Cap. 10, esclusi i parr. 2.2.4, 2.3.2.