PUBLIC FINANCE
(objectives)
The knowledge of the economic reasons justifying public intervention in the economy, of the forms and consequences of the different policy instruments with special regards to taxation, public expenditure and market regulation. More specifically, at the end of the course, students should a) know the main analytical categories developed by Welfare Economics; the main types of public intervention that are available, their expected benefits and the possible costs; b) acquire a more in-depth understanding of tax design, of the structure of the different taxes and of the main critical issues characterizing the Italian tax system; c) be aware of the interaction between law and economics whether they have to do with the effect of legal rules on the behavior of economic actors or with the contribution of economic analysis to the design of legal rules; d) develop a critical ability to evaluate economic phenomena.
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Code
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20101018 |
Language
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ITA |
Type of certificate
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Profit certificate
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Credits
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7
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Scientific Disciplinary Sector Code
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SECS-P/03
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Contact Hours
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56
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Type of Activity
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Affini e ambito di sede classe LMG/01
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Group: A - D
Teacher
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GRANAGLIA ELENA
(syllabus)
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
(reference books)
B. Bises, Lezioni di Scienza delle finanze, volume 1 e 2, 2019
Volume 1 Chapters 3 (no Appendix) 4 (no Appendix) 5, par. 1, 2, 4, 5 e 6 (no figure 5.5) 6 (no figures 6.5, 6.7. and par.6.2.3 and figures 6.11 e 6.12) 7, par. 1, 2 (no , 2.2.2), 5, 6, 7 10
Volume 2 Chapters 1, par. 1.1 2 until par. 4.2.1 included (no par. 2.6.3) 3 4. par. 1, 3, 4, 5 (5.1, 5.2, 5,5) 5 6 (no graphs 6.5, 6.6) 7 (only formulas related to tax credit) 8 9 (no 2.2.2, 2.2.3) 10 11
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Dates of beginning and end of teaching activities
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From 01/03/2024 to 31/05/2024 |
Delivery mode
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Traditional
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Attendance
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not mandatory
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Evaluation methods
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Written test
Oral exam
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Group: E - O
Teacher
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ANNICCHIARICO BARBARA
(syllabus)
Part I - Public Economics Introduction Public intervention in the economic system Foundations of welfare economics The two fundamental theorems of welfare economics Normative theories of social choices Market failures and public intervention Macroeconomic policies, budget deficit, and public debt Public finances in Italy The EU budget
Part II - The Tax System Tax system: function and requirements Equity and efficiency Tax shifting and incidence Personal income tax Taxation on business income and capital companies Taxation on income from financial activities Taxes based on wealth Consumption taxes
(reference books)
Bises, Bruno Lezioni di Scienza delle Finanze, Parte I “L’intervento pubblico nel sistema economico”, Giappichelli, IV Edizione, 2024. Bises, Bruno Lezioni di Scienza delle Finanze, Parte II “Il sistema tributario”, Giappichelli, IV Edizione, 2023.
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Dates of beginning and end of teaching activities
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From 01/03/2024 to 31/05/2024 |
Delivery mode
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Traditional
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Attendance
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not mandatory
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Evaluation methods
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Written test
Oral exam
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Group: P - Z
Teacher
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SCIALA' ANTONIO
(syllabus)
The course is taught in Italian. Therefore, please refer to the program in the Italian section.
(reference books)
Although the course is taught in Italian and the assessment will be in Italian, foreign students can ask to Professor Sciala' some reference in English.
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Dates of beginning and end of teaching activities
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From 01/03/2024 to 31/05/2024 |
Delivery mode
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Traditional
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Attendance
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not mandatory
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Evaluation methods
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Written test
Oral exam
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