Ateneo - UPO

The module of Public Finance illustrates the role of the government both in principle and in practice. After an analysis of the main reasons for public intervention in markets, the focus is on the main tax and spending programs used to achieve the state economic goals.

BOSI P., Corso di scienza delle finanze, Il Mulino, Bologna, latest edition.

Suggested:
BOSI P., GUERRA M. C., I tributi nell’economia italiana, Il Mulino, Bologna, latest edition.

The module of Public Finance has the following educational objectives : - KNOWLEDGE AND UNDERSTANDING: theoretical reasons underlying public intervention ; basics of the Italian tax system; theoretical issues underlying the main taxes ; government's intervention modes in social security and health care systems. - ABILITY TO APPLY KNOWLEDGE AND UNDERSTANDING : ability to assess the main direct and indirect taxes levied in Italy; ability to assess the impact of tax changes.

Economics (Economia Politica).
The Economics exam must be passed at the time of enrollment in the Public Finance module.

The course consists of lectures, exercise classes and possibly testimonials and seminars.

Students with physical disabilities, Learning Disabilities or Special Education Needs can request specific services and tools via the Staff Sviluppo e Coordinamento Carriere e Servizi alle Studentesse e agli Studenti, consulting the University webpage: https://www.uniupo.it/en/services/services-students-physical-or-learning-disabilities
Students with disabilities, learning disabilities or special education needs, once they have contacted the University Staff, can refer to the tutor in charge of the course to define the examination modalities, concerning academic aspects.

The exam of Economic Policy and Public Finance is written and consists of two parts, one for each module, 45 min. each. The exam is passed with a grade of not less than 18. The final grade is the average of the grades obtained in the two parts, rounded up.
Each student can take the exam for a maximum of three times in the course of a year.

The program is organized in three main sections:
1) General principles of the public intervention in markets. Economic justifications of the public intervention (asymmetric information, externalities, public goods, limited competition) and limits;
2) The Public Administration and public finance in Italy. The public budget process and the public debt theory;
3) Economic analysis of the public revenues, with a focus on personal income and corporate taxes. Presentation of the Italian tax system;
4) Economic analysis of the welfare expenditures (outline).

Understanding of the role played by the state in the economic system and its main methods of financing (taxation and public debt) Understanding of the economic effects of the taxes and basic knowledge of the Italian tax system. Understanding of the main Welfare expenditures.