The aim of the course is to provide students with suitable tools for economic analysis to understand the role of the public sector in modern market economies. The course deals with the issue of economic analysis of the fiscal system, of the main public policies aimed at redistributing income and of interventions in the presence of market failures.
The course aims to analyze public intervention in the economic system, and to provide elements for interpreting the main issues related to public economic activity.
The course investigates the public intervention in the economic system, through the study of the main fiscal instruments and public spending.
At the end of the course, the student will be able to:
- understand the main reasons for State intervention in the economy;
- understand market failures and possible solutions that require state intervention: public goods, externalities and markets characterized by information asymmetries;
- understand the principles on which the tax system is based and the functioning of the tax with respect to the well-being;
- apply the tools of the welfare economy to assess the efficiency and equity of public intervention;
- assess the effect of taxes and subsidies on the choices of consumers and firms;
- understand the determinants of tax evasion and the impact of law enforcement policies.
Lectures and exercises. At least one lecture will be devoted to the debate of a topical issue of particular importance on which students will be asked to confront.
- The economy and public intervention: the economic role of the State
- Market failures: public goods, externalities
- Collective choice theory
- Economic analysis of taxes
- Tax evasion, erosion and tax avoidance
- Large areas of public expenditure: health, assistance, social security
- The state budget and the analysis of public spending
Materials on Aulaweb
Rosen, H. S., Gayer, T.. Scienza delle finanze. McGraw-Hill.
LUCIA LEPORATTI (President)
MARCELLO MONTEFIORI
MARCELLO MONTEFIORI (President)
MARTA AMERI
BARBARA CAVALLETTI
LUCIA LEPORATTI
The final exam (1 hour) is in written form divided into two parts. The first part consists of multiple-choice questions the second part consists of open-ended questions and exercises (open questions on the theory, graphical analysis, numerical exercises).
The written exam will evaluate the learning of the basic concepts transmitted during the course and the ability to apply knowledge in practical situations by correctly interpreting numerical and graphic examples.
