Public Finance

A.Y. 2021/2022
Overall hours
Learning objectives
The course aims to show the students how to analyze the public intervention options in the economic system, by studying the main fiscal instruments and public expenditure that characterize the Italian economy. Public operator's role in market economies, the functioning of national governments and their decision-making strategies will be discussed, with particular attention to the analysis - with a European perspective - of economic policies and by proposing some applied cases to support the theoretical basic concepts of the functioning of public spending and taxation systems.
Expected learning outcomes
At the end of the course the student will develop critical skills to analyze the functioning of national and local governments- He/she will be able to discuss and evaluate the various public policies, by using the tools provided, and to critically analyze the debate on public operator's role in market economies.
Course syllabus and organization

Single session

Lesson period
Second trimester
In case the health emergency remained, all lectures will be on streaming with recording.
Course syllabus
· Introduction
o Basic concepts
o Public expenditures and Public revenues
· Market failures
o Public goods
o Externalities
· The tax system: theory and institutional issues
o Taxation and income distribution
o Equity and efficiency trade-off
o Personal income tax and behavioural effects
o The Italian PIT
o The VAT
· Public expenditures, main items
o The health care system
o The pension system
· The evolution of public finance in the EU context.
· The public debt
Prerequisites for admission
Economia Politica is a prerequisite for this course
Teaching methods
- Lectures
- Exercise sessions with students' participation
- Students' presentations on specific topics
Teaching Resources
· Harvey S. Rosen e Ted Gayer, Scienza delle finanze 4/ed, 2014, McGraw-Hill
· G. Casalone, F. Dal Santo, L. Micheletto (a cura di), Scienza delle Finanze Esercizi, ToolsEGEA, 2016, undicesima edizione.

Teaching material is exclusively in Italian, and most of it is downloadable from the dedicated Ariel web site.
Assessment methods and Criteria
· Exams will be in written form only, following the official exams calendar.
In the written exam the aim will be:
· to verify the knowledge of the main concepts taught and the ability to understand and reason on issues related to public economics
· verify the ability to assess different public policies with autonomy
Unita' didattica 1
SECS-P/03 - PUBLIC ECONOMICS - University credits: 6
Lessons: 40 hours
Professor: Fiorio Carlo
Unita' didattica 2
SECS-P/03 - PUBLIC ECONOMICS - University credits: 3
Lessons: 20 hours
Professor: Fiorio Carlo
Mondays, 9:30-12:30
MS Teams