Università Roma Tre

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
Introduction
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

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.


Additional material will be indicated by the instructor during the course.

Part 1: The economic role of the state

1. State intervention in market economies
2. Welfare economics
3. Social welfare and income redistribution
4. Market failures
5. Government budget and public debt

Part 2: The economics of taxation

1. A taxonomy of government’s revenues and principles of taxation
2. Taxation and economic efficiency
3. Distributive effects of taxation: tax incidence
4. Personal income tax, Corporate income tax, Wealth taxation, Consumption taxes
5. Fiscal federalism

Lectures, textbooks and assessment are all in Italian. Students who prefer to attend a similar course in English can switch to the course of Public Economics (Global legal studies).
Textbooks:
B. Bises, Lezioni di Scienza delle finanze. L’intervento pubblico nel sistema economico, Giappichelli Editore, Torino, III edizione, 2019.
B. Bises, Lezioni di Scienza delle finanze. Il sistema tributario, Giappichelli Editore, Torino, III edizione, 2023 (in corso di pubblicazione).
P. Bosi (a cura di), Corso di Scienza delle Finanze, Il Mulino, Bologna, Ottava edizione, 2019.

Detailed parts included in the program:
Part I
From B. Bises, Lezioni di Scienza delle finanze. L’intervento pubblico nel sistema economico, Giappichelli Editore, Torino, III edizione, 2024.
Cap. 1 section 2
Cap. 3, except Appendice and except sections 4.2.2, 4.2.3, 4.4.2 e Appendice.
Cap. 4, except Appendice and except section 2.2.
Cap. 5, except section 3
Cap. 6, except figure 6.7 and sections 6.2.2, 6.2.3, 6.2.4, 7

From P. Bosi (a cura di), Corso di Scienza delle Finanze, Il Mulino, Bologna, Ottava edizione, 2019.
Cap. 2, except par. 2
Cap. 4
Cap. 6

Parte II
From B. Bises, Lezioni di Scienza delle finanze. Il sistema tributario, Giappichelli Editore, Torino, III edizione, 2023 (in corso di pubblicazione).
Cap. 1
Cap. 2, except Appendice and sections 4.2.2, 4.2.3, 4.4, 5.3.
Cap. 3, sections 4, 5, 6
Cap. 4, except sections 4.7, 5.1, 5.2, 5.3.3, 5.4, 5.5, 6, 7.
Cap. 6, except sections 3.4.2, 3.4.3, 3.4.4, 4.2, 5.3.
Cap. 7, except sections 1.2.2, 1.2.3, 3.3, 7.
Cap. 9, except sections 2.2.2, 2.2.3.
Cap. 10, except sections 2.2.4, 2.3.2, 3.3, 4.3, 4.4, 5.
Cap. 11