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PUBLIC FINANCE

Degree course: 
Corso di First cycle degree in Economics and management of innovation and sustainability
Academic year when starting the degree: 
2022/2023
Year: 
3
Academic year in which the course will be held: 
2024/2025
Course type: 
Supplementary compulsory subjects
Language: 
Italian
Credits: 
6
Period: 
Second semester
Standard lectures hours: 
57
Detail of lecture’s hours: 
Lesson (45 hours), Exercise (12 hours)
Requirements: 

It is necessary that the student knows basic principles of microeconomics.

The course is held in Italian, therefore is required a sufficient level of understanding of the Italian language.

The final exam, lasting 1 hour and 30 minutes, is in written form. The first part consists of 12 multiple choice questions (correct answer +1 point; incorrect answer -0.25 points; non-answer 0 points); while the second part consists of the interpretation of two graphs among those seen at lectures (4 points max. for each exercise), a short exercise (2 points max) and two longer exercises (each of them evaluated with a score ranging from 0 to 5). The exam is passed if the number of correct answers in multiple choice questions is at least 6 AND points obtained in graphs interpretation is at least 1 AND points obtained summing scores in the three exercises is at least 2. In all other cases, you have to retake the exam.

There is a partial test, lasting 1 hour, in written form. The first part consists of 6 multiple choice questions (correct answer +1 point; incorrect answer -0.25 points; non-answer 0 points); while the second part consists of the interpretation of one graphs among those seen at lectures (4 points max.), a short exercise (2 points max) and a longer exercise (evaluated with a score ranging from 0 to 4). The exam is passed if the number of correct answers in multiple choice questions is at least 3 AND points obtained in graphs interpretation is at least 1 AND points obtained summing scores in the three exercises is at least 2 AND if the overall score is at least 8. The second partial test is reserved for students that passed the first part and will be structured as the first partial. In case of positive result, the sum of the two partials will be the final mark. In cases of low score in one of the two partials or if the sum is below 18, it will be necessary to enroll to the total exam (see paragraph above).

Assessment: 
Voto Finale

The principal aim of the course is to provide basic principles of the functioning of government revenues and expenditures, the structure of fiscal policies, the economic ratio behind choices and their consequences in distributive terms and regarding inequalities.

At the end of the course the student will be able to:
- evaluate fiscal policies under economic efficiency and equity,
- provide justification of the economic mechanism behind fiscal policies,
- compare different tax-benefit systems and calculate some results for simplified scenarios.

1. Introduction to public economics, Positive and normative analysis
2. Public goods, redistribution
3. Governmental budget, EU parameters, deficit
4. Pensions
5. healthcare expenditures, expenditures for education
6. Unemployment benefit and minimum income schemes
7. Tax definition and definition of the tax base
8. Income tax
9. Capital taxes
10. VAT and excises
11. Local and regional taxes
12. Wealth taxes

1. Introduction to public economics, Positive and normative analysis
2. Public goods, redistribution
3. Governmental budget, EU parameters, deficit
4. Pensions
5. healthcare expenditures, expenditures for education
6. Unemployment benefit and minimum income schemes
7. Tax definition and definition of the tax base
8. Income tax
9. Capital taxes
10. VAT and excises
11. Local and regional taxes
12. Wealth taxes

Convenzionale

The course is divided into lectures (45h) and lessons with exercises (12h), both provided with didactic material uploaded by instructors.

Professors

RIGANTI ANDREA