Public Finance

A.Y. 2021/2022
Overall hours
Learning objectives
· Ability to choose between abstract models of corporate and business ethics, as well as to apply these choices to specific sectors and concrete cases.

· Ability to understand issues and problems within complex debates in corporate and business ethics.

· Ability to communicate and argue one's own positions in the business ethics field.

· Ability to analyze and judge autonomously on the subject of corporate ethical codes.
Expected learning outcomes
Students who will have learnt the material covered in the course will have acquired the skills needed to use the economic theory for the purpose of analyzing the main features and structure of the tax system and the welfare state.
Course syllabus and organization

Single session

Lesson period
First semester
More specific information on the delivery modes of training activities for academic year 2021/22 will be provided over the coming months, based on the evolution of the public health situation.
Course syllabus
This course presents the economic theory of the public sector, with a focus on government spending and taxation. Despite the course's main theoretical approach, a great deal of attention will be devoted to institutions. The aim of the course is twofold. On the one hand, the course aims at providing students with a solid economic knowledge, which will allow them to interpret critically the basic facts of government intervention in modern market economies (i.e. taxation, publicly provided healthcare, social security, and so on). On the other hand, the course aims at equipping students with knowledge that will enable them to better interpret the legal rules and the economic and social rationales underlying them.

Outline of the course:
1. Justifying government intervention on the basis of the two fundamental theorems of welfare economics.
2. Government revenue and government spending.
3. Taxation.
4. Tax progressivity
5. The Italian tax system: theory and institutions.
6. Government spending: health care and social security, theory and institutions.
7. Public debt dynamics.
Prerequisites for admission
Istituzioni di diritto privato, Diritto costituzionale, Economia Politica.
Teaching methods
21 frontal lectures.
Teaching Resources
Arachi, G., e D'Antoni, M., Scienza delle finanze, I ed., Bologna, Il Mulino, 2021 (chapters 1, 4, 5, 6, 9, 10, 11, 12, 13). Further teaching materials (i.e. lectures slides) will be uploaded on the ARIEL website.
Assessment methods and Criteria
The exam consists of a written examination, with both open questions and numerical exercises. The final mark is expressed out of 30. The pass mark is 18/30. The maximum mark is 30/30 cum laude. Students attending the course can take, if they wish to do so, a mid-term written examination on the first part of the course.
SECS-P/03 - PUBLIC ECONOMICS - University credits: 6
Lessons: 42 hours
Professor: Micheletto Luca