This course analyzes the role of central governments in the economy, discussing when government should intervene and how. On the expenditure side, after considering the economic rationale for public intervention, the main characteristics of Italian welfare state are analyzed. On
the other hand, economic effects of revenue raising activity (taxes and public debt)
Balestrino A., Galli E., Spataro L., Scienza delle Finanze, Utet, 2015.
Bosi P. Scienza delle FInanze, Il Mulino Bologna (cap. 8 par. 2 pensioni)
Several textbooks in English can be used as substitutes.
Learning Objectives
To provide students with the tools to understand the underlying concepts and practical tradeoffs entailed in public finance policy alternatives.
Prerequisites
Microeconomics
Teaching Methods
Lectures, revision classes, e-learning
Further information
See e-learning website (moodle) for handouts and course materials
Type of Assessment
Written and oral exam
Course program
In the first part of the course the focus is on welfare economics, market failures and public spending. The rationale for public spending is assessed and pensions and public health systems discussed. In the second part of the course the focus is on revenues: economics effect of taxation and public debt sustainability will be analyzed.