FINANCIAL SCIENCE

Course objectives

Knowledge and understanding: students will get familiar with the subject of public finance and the instruments used in related activities. They will become aware of the different methods used in the literature to analyse the topics relevant to the discipline, will learn to interpret the results and to critically face the problematics of public finance. Applying knowledge and understanding: students will be able to make use of the basic concepts of public finance, judge the appropriateness of public intervention, effective and potential. They will learn to reconstruct different scenarios and anticipate possible results of public intervention, so as to be able to define their informed position regarding the choice to support or not the policy proposals under debate (such as for example ‘flat tax rate’, ‘citizen’s income’). Making judgement: students will develop the ability to express their motivated point of view regarding different problematics of public finance and to consider the contrasting views. Communication skills: students will learn to discuss in a constructive way the different problematics of public finance. Learning skills: students will develop the ability to orient among different sources of data relevant for public finance, so as to be able to get informed according to their future needs, and to have a broader and updated view of what is going on in the field.

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SILVIA CORETTI Lecturers' profile

Program - Frequency - Exams

Course program
1. The reasons for public intervention 1.1. Welfare economics and financial science 1.2.Economy with public goods and political decision mechanisms 1.3. Other causes of market failure 2. Public finance in Italy, the State Budget and the Budget Law 2.1. A picture of Italian public finance 2.2. The state budget and the budget law 3. Tax theory 3.1. Public revenues 3.2. The tax 3.3. Tax taxonomy 3.4. Criteria for sharing the tax burden 3.5. Personal income tax problems 3.6. Main taxes of the Italian tax system 3.7. The distorting effects of taxes 4. Theory of Public Debt 4.1. Ricardo's analysis of public debt 4.2. Public debt in Keynesian theory 4.3. The limits of public debt 4.4. Public debt in Italy 5. Fiscal decentralization 5.1. Theoretical roots 5.2. Fiscal decentralization in Italy 5.3. Regional recovery plans 6. Tax policy in the EU 6.1. Notes on the institution of the EU 6.2. The Stability and Growth Pact 6.3. The great crisis and the fate of the EU 7. Public utility services and competition policies 7.1. Public production, regulation and efficiency 7.2. Public companies and tariffs 7.3. Competition policies 7.4. Privatizations in Italy 8. The welfare state 8.1. Pensions 8.2. Healthcare 8.3. The assistance 8.4. Social safety nets 8.5. education
Prerequisites
There are no particular requirements to attend the course. but a good knowledge of microeconomics is desirable.
Books
Bosi. Corso di scienza delle finanze.
Frequency
attendance is not compulsory but strongly recommended
Exam mode
The exam is written. It includes ten open ended questions and two open ended questions. It lastes one hour.
Lesson mode
The course includes traditional lectures and group activities.
  • Lesson code1017240
  • Academic year2024/2025
  • CourseEconomics and management
  • CurriculumEconomia per l'impresa e le professioni
  • Year1st year
  • Semester2nd semester
  • SSDSECS-P/03
  • CFU6
  • Subject areaEconomico