The knowledge of the economic reasons justifying public intervention in the economy, of the forms and consequences of the different policy instruments with special regards to taxation, public expenditure and market regulation. More specifically, at the end of the course, students should
a) know the main analytical categories developed by Welfare Economics; the main types of public intervention that are available, their expected benefits and the possible costs;
b) acquire a more in-depth understanding of tax design, of the structure of the different taxes and of the main critical issues characterizing the Italian tax system;
c) be aware of the interaction between law and economics whether they have to do with the effect of legal rules on the behavior of economic actors or with the contribution of economic analysis to the design of legal rules;
d) develop a critical ability to evaluate economic phenomena.
a) know the main analytical categories developed by Welfare Economics; the main types of public intervention that are available, their expected benefits and the possible costs;
b) acquire a more in-depth understanding of tax design, of the structure of the different taxes and of the main critical issues characterizing the Italian tax system;
c) be aware of the interaction between law and economics whether they have to do with the effect of legal rules on the behavior of economic actors or with the contribution of economic analysis to the design of legal rules;
d) develop a critical ability to evaluate economic phenomena.
Canali
teacher profile teaching materials
PROGRAM - The course is divided into two modules:
I) Public intervention in the economic system
1. Foundations of Welfare Economics
2. Market failures
3. Non-market failures
4. The public budget
II) The tax system
1. The functions of a tax system
2. Equity and efficiency of a tax system
3. Tax shifthing and tax incidence
4. Composition of a tax system. Structure and effects of: personal income taxation; business taxation; capital income taxation; property taxation and consumption taxation
5. The vertical distribution of fiscal powers
Volume 1
Chapters
3 (no Appendix)
4 (no Appendix)
5, par. 1, 2, 4, 5 e 6 (no figure 5.5)
6 (no figures 6.5, 6.7. and par.6.2.3 and figures 6.11 e 6.12)
7, par. 1, 2 (no , 2.2.2), 5, 6, 7
10
Volume 2
Chapters
1, par. 1.1
2 until par. 4.2.1 included (no par. 2.6.3)
3
4. par. 1, 3, 4, 5 (5.1, 5.2, 5,5)
5
6 (no graphs 6.5, 6.6)
7 (only formulas related to tax credit)
8
9 (no 2.2.2, 2.2.3)
10
11
Programme
OBJECT OF THE COURSE: the economic analysis of public intervention in the allocation and distribution of resources with a focus on the tax-transfer activities of the State.PROGRAM - The course is divided into two modules:
I) Public intervention in the economic system
1. Foundations of Welfare Economics
2. Market failures
3. Non-market failures
4. The public budget
II) The tax system
1. The functions of a tax system
2. Equity and efficiency of a tax system
3. Tax shifthing and tax incidence
4. Composition of a tax system. Structure and effects of: personal income taxation; business taxation; capital income taxation; property taxation and consumption taxation
5. The vertical distribution of fiscal powers
Core Documentation
B. Bises, Lezioni di Scienza delle finanze, volume 1 e 2, 2019Volume 1
Chapters
3 (no Appendix)
4 (no Appendix)
5, par. 1, 2, 4, 5 e 6 (no figure 5.5)
6 (no figures 6.5, 6.7. and par.6.2.3 and figures 6.11 e 6.12)
7, par. 1, 2 (no , 2.2.2), 5, 6, 7
10
Volume 2
Chapters
1, par. 1.1
2 until par. 4.2.1 included (no par. 2.6.3)
3
4. par. 1, 3, 4, 5 (5.1, 5.2, 5,5)
5
6 (no graphs 6.5, 6.6)
7 (only formulas related to tax credit)
8
9 (no 2.2.2, 2.2.3)
10
11
Type of delivery of the course
Lessons and tutorialsType of evaluation
Written exam and short oral exam (compulsory for those who have a grade between 15 and 17 in the written examination; optional for everybody else teacher profile teaching materials
Programme
The course is taught in Italian.Core Documentation
Non previstaReference Bibliography
Non previstaType of delivery of the course
The course is taught in Italian.Attendance
The course is taught in ItalianType of evaluation
Lectures are taught in Italian. See the Italian section for details about the assessment.