Corso Vittorio Emanuele II, 39 - Roma 0669207671

Economics and business administration (Academic Year 2023/2024) - Business management

Public economics


Credits: 9
Content language:English
Course description

The course of Public Economics focuses on the role of the government in the economy. The aim is to provide a general understanding of the rationale for public intervention in the economy, thorough the analysis of market failures. A brief overview of social insurance programs is discussed. The course also covers the challenges of raising revenue, that is how to design taxes. An overview of the economic effects of tax policy is provided.

Prerequisites
A good knowledge of theoretical fundamentals of both microeconomics and macroeonomics is required
Objectives
At the end of the course, students should be able to analyse the relationship and interaction between State and market in all the most important spheres of the public intervention with a particular attention to the solutions of the market failures and the effect of taxation on economic behaviours
Program

1) Introduction to the study of Public Economics
Recorded lesson: 1
Gruber, J. Public Finance and Public Policy, Macmillan, fifth edition 2016, chapters 1.1 and 1.2 and
9.4
2) Equilibrium and social welfare
Recorded lesson: 2
Gruber, J. Public Finance and Public Policy, Macmillan, fifth edition 2016, chapter 2

Course Syllabus

Course: Public Economics
Appointed Professor: Prof. Antonio Di Majo

Tutor: Dr. Lorenzo Dorato
Degree: Economics
Course: Public Economics

3) State budget and budgetary institutions
Recorded lesson: 3
Gruber, J. Public Finance and Public Policy, Macmillan, fifth edition 2016, chapter 4
4) Natural monopoly
Recorded lesson: 4
Train, K. Optimal Regulation, Introduction: The Economic Rationale and Task of Regulation, MIT
Press, 1991. Downloadable online at http://eml.berkeley.edu/books/regulation.html
5) Externalities
Recorded lessons: 5 and 6
Gruber, J. Public Finance and Public Policy, Macmillan, fifth edition 2016, chapters 5 and 6
6) Public goods
Recorded lessons: 7 and 8
Gruber, J. Public Finance and Public Policy, Macmillan, fifth edition 2016, chapter 7
7) Fiscal decentralisation
Gruber, J. Public Finance and Public Policy, Macmillan, fifth edition 2016, chapter 10
Recorded lesson: 9
8) Introduction to the economics of welfare state
Gruber, J. Public Finance and Public Policy, Macmillan, fifth edition 2016, chapters 1.2; 1.3; 17.1,
17.2
Recorded lesson: 10
1) Taxation: general definitions
Gruber, J. Public Finance and Public Policy, Macmillan, fifth edition 2016, chapter 18
Recorded lessons 1
2) Economic impacts: tax incidence
Gruber, J. Public Finance and Public Policy, Macmillan, fifth edition 2016, chapter 19
Recorded lessons 2, 3, 4
3) Economic impacts: Tax inefficiencies
Gruber, J. Public Finance and Public Policy, Macmillan, fifth edition 2016, chapter 20
Recorded lessons 5,6,7
4) Taxing labour supply
Gruber, J. Public Finance and Public Policy, Macmillan, fifth edition 2016, chapter 21
Recorded lesson: 8,9
5\) Taxes and savings.
Gruber, J. Public Finance and Public Policy, Macmillan, fifth edition 2016, chapter 22
Recorded lesson: 10

Book

Gruber, J. Public Finance and Public Policy, Macmillan, fifth edition 2016

Exercises
-
Professor/Tutor responsible for teaching
Antonio Di Majo
Video professors
Prof. Elina De Simone - Università degli studi di Napoli "Parthenope" (Napoli - Italy)
Prof. Maria Grazia Pazienza - Università di Firenze (Firenze - Italy)
List of lessons
Elina De Simone
Elina De Simone
Elina De Simone
Elina De Simone
Elina De Simone
Elina De Simone
Elina De Simone
Elina De Simone
Elina De Simone
Elina De Simone
Maria Grazia Pazienza
Maria Grazia Pazienza
Maria Grazia Pazienza
Maria Grazia Pazienza
Maria Grazia Pazienza
Maria Grazia Pazienza
Maria Grazia Pazienza
Maria Grazia Pazienza
Maria Grazia Pazienza
Maria Grazia Pazienza