Università degli Studi di Urbino Carlo Bo / Portale Web di Ateneo


PUBLIC FINANCE
SCIENZA DELLE FINANZE

A.Y. Credits
2023/2024 8
Lecturer Email Office hours for students
Rosalba Rombaldoni Students can request the reception either in-person (immediately after class) or online. Email reservations are required.
Teaching in foreign languages
Course with optional materials in a foreign language English
This course is entirely taught in Italian. Study materials can be provided in the foreign language and the final exam can be taken in the foreign language.

Assigned to the Degree Course

Economics and Management (L-18 / L-33)
Curriculum: Amministrazione d'Impresa e Professione
Date Time Classroom / Location
Date Time Classroom / Location

Learning Objectives

The overall objective of the course is to provide students with the necessary theoretical and institutional knowledge and tools for understanding of :

- the economic role of the state and the functions of the public sector within a market economy;

- the composition of government spending;

- the role of public debt in modern market economies;

- the main taxes in Italy;

- the activities of decentralized public agencies;

- the fiscal policy of the European Union.

Topics initially investigate the reasons for public intervention in the economy, the theory of taxation and public debt formation, and then the main theoretical aspects of decentralization.

Program

  • Reasons for public interventions
  • Welfare Economics and Public Economics
  • Economy with public goods and political decision mechanisms
  • Other reasons for market failure
  • Public finance in Italy
  • The general framewotk
  • The evolution of public debt
  • Tax theory
  • Public revenues
  • Taxes
  • Taxonomy of taxation
  • Distribution of tax burden
  • Distortionary effects of taxation
  • Partial equilibrium tax incidence
  • Theory of public debt 
  • Explanations of the existence of debt
  • Debt in keynesian approach and in Ricardo theory
  • The limits of public debt
  • Economic theory of fiscal federalism and decentralization
  • Main explanations of decentralization
  • Economic models of fiscal federalism
  • The assignment of competences among different levels of goverment and models od decentralized systems
  • The formation of local government
  • Financing local government spending with taxes, tariffs and transfers: explanations and economic effects
  • Local Fincance in Italy: regions and local governments
  • The reform of fiscal federalism
  • The fiscal policy of European Union
  • UE Institutions
  • Stability and growth pact
  • The global crisis and implications for Europe
  • Bridging Courses

    Microeconomics

    Learning Achievements (Dublin Descriptors)

    Knowledge and ability to understand: the student should be able to demonstrate knowledge of the main reference models of finance science, the main institutions of public finance and the Italian tax system, and the theoretical models of decentralized public finance. The teaching methods by which these results will be achieved will consist of: lectures, guided exercises of both theoretical and applied content, and seminars held by experts in the field.

    Applied knowledge and skills of understanding: the student should be able to apply the relevant models to specific cases of public economics, both on the national and European levels, should demonstrate ability to evaluate the efficiency and effectiveness of various public policies at different levels of government. The teaching methods by which these results will be achieved will consist of: lectures, guided exercises of both theoretical and applied content, and seminars given by experts in the field.

    Autonomy of judgment: the student will be expected to demonstrate the ability to connect the theoretical knowledge acquired in order to competently and autonomously confront the debate on public intervention in the economy and be able to demonstrate his or her own judgment. The teaching methods by which these results will be achieved will consist of: lectures, guided exercises of both theoretical and applied content, and direct confrontation with experts in the field.

    Communication skills: the student will be expected to acquire communication skills that are clear and effective, expressing knowledge through specific vocabulary related to the various topics covered during the course. The teaching methods by which these results will be achieved will consist of: lectures, guided exercises of both theoretical and applied content with the production of papers, direct confrontation with experts in the subject.

    Ability to learn: The student will be expected to develop good learning and reasoning skills that will enable him or her to tackle later paths of in-depth study on the knowledge acquired about state intervention in the economy. The teaching methods by which these results will be achieved will consist of: lectures, guided exercises of both theoretical and applied content, and seminars held by experts in the field.

    Teaching Material

    The teaching material prepared by the lecturer in addition to recommended textbooks (such as for instance slides, lecture notes, exercises, bibliography) and communications from the lecturer specific to the course can be found inside the Moodle platform › blended.uniurb.it

    Supporting Activities

    Seminars with external experts and exercices.


    Teaching, Attendance, Course Books and Assessment

    Teaching

    - Lectures

    - Guided exercises of both theoretical and applied content

    - Seminars taught by subject matter experts

    Innovative teaching methods

    - Debate: this is brainstorming on the chosen topic, whereby students are divided into teams - one pro and one con - called to debate on the key issue defined in the preparation phase.

    - Problem-based learning: this is small-group learning based on the analysis of specific problems, whereby the space in which the lesson is held is organized to encourage work in small groups (6-8 students if possible).

    Attendance

    There is no attendance requirement. However, class attendance is recommended for a better understanding of the study topics and to acquire a solid preparation that will enable the student to adequately tackle the exam.

    Course books

    Recommended study texts:

    Bosi P., Corso di Scienza delle finanze, Il Mulino, Bologna, 9th edition, 2023. All chapters indicated should be studied, except the paragraphs for which reading is specifically indicated. Chapters: 1, 3 (read 7.2, 7.4, 7.5 and 7.6), 4 (read 5.3 and 6), 5 (read 4.3), 6 (read 4.3). Read chapter 2 carefully.

     Teaching materials related to specific course topics and in-depth seminars can be found within the Moodle platform> blended.uniurb.it

    Assessment

    Assessment is through a written test consisting of 3 reasoned questions related to 3 different parts of the program. The student must answer the questions thoroughly and clearly in such a way as to demonstrate:

    - that he/she has well assimilated the economic concepts and theoretical models presented during the course;

    - that he or she is able to apply the conceptual frameworks to the relevant institutional reality, and to understand the policy implications that flow from the theoretical models;

    - to be able to answer the questions rigorously and concisely taking into account the time constraint, supporting the arguments with the use of any graphs and/or other analytical tools and using appropriate language; adherence of the answer to what is being asked is important.

    The allotted time is 70 minutes. Each individual question may receive a maximum grade of 10, which is then added to the others to get the overall grade. The grade for the written test is given in thirtieths. With a sufficient grade, it is possible to eventually enter the oral examination. The Examination Committee at its discretion may decide to supplement the written test with the oral test.

    Disabilità e DSA

    Le studentesse e gli studenti che hanno registrato la certificazione di disabilità o la certificazione di DSA presso l'Ufficio Inclusione e diritto allo studio, possono chiedere di utilizzare le mappe concettuali (per parole chiave) durante la prova di esame.

    A tal fine, è necessario inviare le mappe, due settimane prima dell’appello di esame, alla o al docente del corso, che ne verificherà la coerenza con le indicazioni delle linee guida di ateneo e potrà chiederne la modifica.

    Additional Information for Non-Attending Students

    Teaching

    - Lectures

    - Guided exercises of both theoretical and applied content

    - Seminars taught by subject matter experts

    Attendance

    Non-attending students are encouraged to make contact with the lecturer via e-mail and/or come to the reception at least once during the academic year for timely clarification of the syllabus and assessment methods.   

    Course books

    Recommended study texts:

    Bosi P., Corso di Scienza delle finanze, Il Mulino, Bologna, 9th edition, 2023. All chapters indicated should be studied, except the paragraphs for which reading is specifically indicated. Chapters: 1, 3 (read 7.2, 7.4, 7.5 and 7.6), 4 (read 5.3 and 6), 5 (read 4.3), 6 (read 4.3). Read chapter 2 carefully.

    Teaching materials related to specific course topics and in-depth seminars can be found within the Moodle platform> blended.uniurb.it

    Assessment

    Assessment is through a written test consisting of 3 reasoned questions related to 3 different parts of the program. The student must answer the questions thoroughly and clearly in such a way as to demonstrate:

    - that he/she has well assimilated the economic concepts and theoretical models presented during the course;

    - that he or she is able to apply the conceptual frameworks to the relevant institutional reality, and to understand the policy implications that flow from the theoretical models;

    - to be able to answer the questions rigorously and concisely taking into account the time constraint, supporting the arguments with the use of any graphs and/or other analytical tools and using appropriate language; adherence of the answer to what is being asked is important.

    The evaluation criteria are: the level of mastery of knowledge, the degree of articulation of the answer, the degree of adequacy of the explanation, the degree of accuracy of the analysis, and the use of formal tools and explanatory examples. The grade for the written test is expressed in thirtieths. Each question is assigned a score of 10, for an overall grade of 30. 

    The time allotted is 70 minutes. Each individual question may receive a maximum grade of 10, which is then added to the others to get the overall grade. The grade for the written test is given in thirtieths. With a sufficient grade, it is possible to eventually enter the oral examination. The Examination Committee at its discretion may decide to supplement the written test with the oral test.

    Disabilità e DSA

    Le studentesse e gli studenti che hanno registrato la certificazione di disabilità o la certificazione di DSA presso l'Ufficio Inclusione e diritto allo studio, possono chiedere di utilizzare le mappe concettuali (per parole chiave) durante la prova di esame.

    A tal fine, è necessario inviare le mappe, due settimane prima dell’appello di esame, alla o al docente del corso, che ne verificherà la coerenza con le indicazioni delle linee guida di ateneo e potrà chiederne la modifica.

    Notes

    Formal and theory demonstrations will not be asked in the final test, but all the related economic implications will be relevant part of the exam. Graphs are very important.

    The student can request to sit the final exam in English with an alternative bibliography. Please contact the lecturer.

    Students who have registered disability certification or DSA certification with the Office of Inclusion and Right to Study may request to use concept maps (for keywords) during the exam.

    For this purpose, it is necessary to send the maps, two weeks before the exam call, to the or course instructor, who will check their consistency with the university guidelines and may request their modification.

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