The course is structured through lectures, carried out with the support of slides and additional educational material that is made available to students through the Studium platform. In order to consolidate the understanding of the topics covered and the analytical skills of the students at the end of the discussion of the individual topics in the program, there will be classroom exercises carried out by the teacher.
Market failures and government intervention. The tools of public finance, the role of the national budget and fiscal policy. The analytical tools of public finance, the role of the budget and fiscal policy. General issues involved in taxation of income from different sources such as labour, risk taking, wealth and business income, including the treatment of corporate income. The short- and long-run impacts of the income tax on output, allocation of time, labour supply and investment, and more generally on the efficiency of resource use. The incidence of the labour, risk taking, wealth and business income tax, including its effects on product prices, return to investment, and wages. The tax system in practice: the personal income tax, the value added tax, the taxation of capital and business income. Taxation and regulation of the financial sector.
1. J. Gruber. Public Finance and Public Policy. 3rd ed. Worth Publishers, 2009. (Chapters 1, 2, 18, 19, 20, 21, 22, 23, 24).
2. J. Hindriks and G.D. Myles. Intermediate public economics. Cambridge: MIT press, 2006. (Chapters 14 – excluding paragraphs 14.8 and 14.9, and 15 – excluding paragraphs 15.6, 15.7, 15.8, and 15.9).
3. R. de Mooij and G. Nicodème (Eds). Taxation and Regulation of the Financial Sector: MIT Press, 2014. (Chapters 1, 2, 3, 4, 5, 10, 11, 12, 13).
Other useful readings:
B. Salanie. The Economics of Taxation, Cambridge: MIT Press, 2010.
L. Kaplow. The Theory of Taxation and Public Economics. Princeton University Press, 2008.
R.W. Boadway. From optimal tax theory to tax policy: retrospective and prospective views. MIT Press, 2012.