Programma

Part I - Public Economics
Introduction
Public intervention in the economic system
Foundations of welfare economics
The two fundamental theorems of welfare economics
Normative theories of social choices
Market failures and public intervention
Macroeconomic policies, budget deficit, and public debt
Public finances in Italy
The EU budget

Part II - The Tax System
Introduction
Tax system: function and requirements
Equity and efficiency
Tax shifting and incidence
Personal income tax
Taxation on business income and capital companies
Taxation on income from financial activities
Taxes based on wealth
Consumption taxes

Testi Adottati

Bises, Bruno Lezioni di Scienza delle Finanze, Parte I “L’intervento pubblico nel sistema economico”, Giappichelli, IV Edizione, 2024.
Bises, Bruno Lezioni di Scienza delle Finanze, Parte II “Il sistema tributario”, Giappichelli, IV Edizione, 2023.


Additional material will be indicated by the instructor during the course.

Bibliografia Di Riferimento

Bosi, Paolo e Guerra Maria Cecilia , "I tributi nell'economia italiana", Il Mulino, Bologna, 2024. Bosi Paolo (a cura di), "Corso di Scienza delle Finanze", Il Mulino, Bologna, 2015.

Modalità Frequenza

Attendance at lectures is expected according to university rules

Modalità Valutazione

The assessment methods are designed to check the achievement of educational objectives, especially understanding the basic concepts of Public Finance (Public Economics and Public Finance) and the related analytical tools. In the attribution of the final grade for the exam, several key factors will be considered. Among these, the level and depth of knowledge of the topics covered play a fundamental role. Equally important is the ability to critically analyze a topic, demonstrating a deep and thoughtful understanding. Additionally, the use of specific and appropriate vocabulary, reflecting mastery of the subject matter, will be considered. Together, these elements will contribute to defining the final grade and reflect an accurate assessment of the skills and knowledge acquired. 1) Assessment during ordinary and special examination sessions. The assessment consists of: a) A mandatory written exam covering the entire program; - Duration: 1 hour and 30 minutes; - Structure: multiple-choice questions (10-15) and open-ended questions (2); - Registration: students must strictly register for the exam on GOMP. Registrations close 3 days before the exam, and no one can be admitted after this deadline; - It is possible to withdraw from the written test during the exam; b) An oral exam covering the entire program: - Optional if the written test score is at least 18/30; if successful, the final grade cannot be rejected; - Mandatory if the written test score is insufficient with admission to the oral exam (score between 15 and 17) and it is intended to complete the exam; if successful, the final grade cannot be rejected. Anyone intending to take the oral exam must notify the instructor via email within a deadline set after the publication of the written test results. Since the written test is the central means of assessing skills, the oral is limited to a maximum of two questions. For students scoring between 15 and 17 on the written test, the oral aims to achieve a passing score (18/30). For other students, the grade variation is limited (+2 or -2 points) compared to the final grade obtained in the written exam. Those who wish to reject the outcome of the written test must explicitly email their refusal within a deadline set after the publication of the written test results of the written test results. 2) Assessment during the course The assessment consists of a mid-term written exam and a final written exam, which take place on specific dates in April and at the end of May, respectively (and possibly an oral exam scheduled for June).

Programma

Part 1: The economic role of the state

1. State intervention in market economies
2. Welfare economics
3. Social welfare and income redistribution
4. Market failures
5. Government budget and public debt

Part 2: The economics of taxation

1. A taxonomy of government’s revenues and principles of taxation
2. Taxation and economic efficiency
3. Distributive effects of taxation: tax incidence
4. Personal income tax, Corporate income tax, Wealth taxation, Consumption taxes
5. Fiscal federalism

Testi Adottati

Lectures, textbooks and assessment are all in Italian. Students who prefer to attend a similar course in English can switch to the course of Public Economics (Global legal studies).
Textbooks:
B. Bises, Lezioni di Scienza delle finanze. L’intervento pubblico nel sistema economico, Giappichelli Editore, Torino, III edizione, 2019.
B. Bises, Lezioni di Scienza delle finanze. Il sistema tributario, Giappichelli Editore, Torino, III edizione, 2023 (in corso di pubblicazione).
P. Bosi (a cura di), Corso di Scienza delle Finanze, Il Mulino, Bologna, Ottava edizione, 2019.

Detailed parts included in the program:
Part I
From B. Bises, Lezioni di Scienza delle finanze. L’intervento pubblico nel sistema economico, Giappichelli Editore, Torino, III edizione, 2024.
Cap. 1 section 2
Cap. 3, except Appendice and except sections 4.2.2, 4.2.3, 4.4.2 e Appendice.
Cap. 4, except Appendice and except section 2.2.
Cap. 5, except section 3
Cap. 6, except figure 6.7 and sections 6.2.2, 6.2.3, 6.2.4, 7

From P. Bosi (a cura di), Corso di Scienza delle Finanze, Il Mulino, Bologna, Ottava edizione, 2019.
Cap. 2, except par. 2
Cap. 4
Cap. 6

Parte II
From B. Bises, Lezioni di Scienza delle finanze. Il sistema tributario, Giappichelli Editore, Torino, III edizione, 2023 (in corso di pubblicazione).
Cap. 1
Cap. 2, except Appendice and sections 4.2.2, 4.2.3, 4.4, 5.3.
Cap. 3, sections 4, 5, 6
Cap. 4, except sections 4.7, 5.1, 5.2, 5.3.3, 5.4, 5.5, 6, 7.
Cap. 6, except sections 3.4.2, 3.4.3, 3.4.4, 4.2, 5.3.
Cap. 7, except sections 1.2.2, 1.2.3, 3.3, 7.
Cap. 9, except sections 2.2.2, 2.2.3.
Cap. 10, except sections 2.2.4, 2.3.2, 3.3, 4.3, 4.4, 5.
Cap. 11

Bibliografia Di Riferimento

Readings suggestions: Cinyabuguma, M., Talbot, P., and Putterman, L., Cooperation under the threat of expulsion in a public goods experiment, Journal of Public Economics, vol. 89(8), pp. 1421-1435, 2005. Medema, S., The Coase theorem at Sixty, Journal of Economic Literature, vol. 58(4), pp. 1045-1128, 2020. Musgrave, R.A., The nature of horizontal equity and the principle of broad-based taxation: a friendly critique, in Public Finance in a Democratic Society vol. II, Edward Elgar Publishing, 2000. Musgrave, R.A., Social contract, taxation, and the standing of deadweight loss, in Public Finance in a Democratic Society vol. II, Edward Elgar Publishing, 2000. All contributions are available on the Moodle page of the course (connecting from Roma Tre's network).

Modalità Erogazione

Lectures

Modalità Frequenza

Non compulsory

Modalità Valutazione

Students are kindly asked to constantly follow the updates relating teaching and examination published on the University and the Department of Law websites. This document will be promptly updated when the provisions adopted require it. In compliance with the provisions of Chancellor Decree (DR) n. 1096/2020, examination and assessment will be carried out in-person. The assessment tools are aimed at verifying the understanding of the basic concepts of Public Economics and the implications for public intervention as well as the ability to understand the graphic tools under study. There are two assessment methods: a) Ordinary exam sessions (June-July; September; January-February): b) Assessment during the course a) Ordinary exam sessions The assessment consists in: I) a written exam (questions and/or exercises): 6 multiple-choice questions (+2 points each correct answer; -0.5 POINT EACH WRONG ANSWER) + 2 (out of 4 proposed) open questions (max 10 points each). Up to 3 points bonus assigned by the teacher. Time: 90 minutes Students must register in Gomp. Registrations deadline is two days before the date of examination. II) an oral exam on the whole course program: - optional for students that have got a mark equal or greater of 18/30 in the written exam. Students are not allowed to renounce to the final mark of the exam; - compulsory for students that have got a mark between 15/30 and 17/30 in the written exam. Students are not allowed to renounce to the final mark of the exam. All students wishing to take the oral exam must inform the teacher by sending an email within the deadlines indicated jointly with the publication of the results of the written exam. b) Assessment during the course The possibility to base a part of the evaluation on class work (class participation, presentations given during the semester) will be decided during the course. The assessment consists in: I) Two partial written exams (on 1st part and 2nd part of the program): 5 multiple-choice questions (+2 points each correct answer; -0.5 POINT EACH WRONG ANSWER) + 1 (out of 2 proposed) open questions (max 20 points). Up to 3 points bonus assigned by the teacher. Time: 60 minutes for each partial written exam. In order to pass the 1st partial written exam (and to be admitted to the 2nd partial written exam) a mark equal or greater than 15/30 is required. Students who either do not participates to the 2nd partial written exam, or renounce it, are allowed to register and participate to the written exams during the ordinary exam session. Students who have delivered the 2nd partial written exam without renouncing it, are not allowed to register to the first written exam of the summer exam session. The final mark is given by the average of the marks obtained in the two partial written exams. II) Oral exam on the whole program: - optional for students that have got a final mark equal or greater of 18/30 in the written exam. Students are not allowed to renounce to the final mark of the exam; - compulsory for students that have got a mark between 15/30 and 17/30 in the written exam. Students are not allowed to renounce to the final mark of the exam.