PUBLIC FINANCE

Public intervention, normative and positive analysis. State functions. * Fundaments of welfare economics, market failure and reasons for public intervention. *Public choice. *Cost-benefit analysis. * Income redistribution. *Tax incidence, taxation and efficiency; income taxation and its effects; corporate taxes; consumption taxes. *Analysis of public expenditure. *Welfare and pension system in Italy. *The public budget. * Deficit, fiscal policy and European governance. *Fiscal federalism. *Local public finance. *Interregional equity.

Topics with a star, *, are mandatory to succeed in the exam

1. H.. S. Rosen – T. Gayer, Scienza delle finanze, McGraw Hill, Milano, 2014, IV ed.

Alternatively, students not mastering Italian could use the english version of the same textbook, that is:

H.. S. Rosen – T. Gayer, Public Finance, McGraw Hill, 2010, IX ed.