Cursos / 1º Ciclo / Faculty of Economy and Business Management :: Economics
ECONOMIA PÚBLICA - 2018/2019
2º curricular year
Semestralidade: 1st semester
ECTS: 6
Teachers
Leading Teacher: Prof. Doutor Francisco Castelo Branco
Assistant Professor: Prof. Doutor Francisco Castelo Branco
Class type and School hours
Teaching Language
Portuguese
Main Aims/Objectives
1. Develop analytical capacity, scientifically supported on State intervention in the economy in the allocative, distributive and stabilizer dimensions;
2. Knowledge of the scientific field of Public Choice in democratic political systems .
3. The comparative study of the impact of the major taxes in the present tax structure of developed countries - theory of tax incidence and optimal normative theory versus positive optimal theory (Economics of Taxation).
Specific Aims/Objectives
1. Contemporary State Functions .
2. Public Goods and Market Failure .
3. Theory of Domestic Divergences - Externalities .
3. Approaches to Distributive Justice.
4. Public- Choice Theory and Rent- Seeking Theory.
5. Theory of Tax Incidence (Economics of Taxation)
6. Normative Optimum Taxation versus Positive Optimum taxation
Skills to be acquired
Develop analytical skills through theoretical models presented, allowing, a scientific reflection and criticism on the real complex economic environment; the definition of policies on public choice ground - health policies , education policies , industrial policy , security policy , environmental policy.
Teaching Procedures
Lectures ;
Analysis and critical discussion , scientifically supported , of current topics on the policies implemented in Portugal in different areas of state intervention and fiscal policy .
Comparative studies , supported by targeted research between different European economies and the US economy.
Programme
I - Functions of the State in the Economy
Allocative function
Distributive function
Stabilizing function
State Functions Coordination and Conflict
II - The Theory of Public Goods
Failures of Market System and Public Goods
Free- Riding and Provision of Public Goods
Meritorious goods versus Public Goods
Positive and Negative Externalities - the Theory of Domestic Divergences .
III - Sssymetric Information
IV - The Theory of Optimum Distribution
The Optimum of Pareto
Is Equity an Economic Problem ?
Equity and the Social Welfare Function
The Second-Best Theory
Approaches to Distributive Justice
V - Traditional Approach of the State versus Public- Choice Approach
Public- Choice Theory - J. Buchanan and the concept of Economic Constitution and Fiscal Constitution.
The Rent- Seeking Theory - Lobbies and discretionary fiscal policies.
VI - The Theory of Tax Incidence (economics of taxation)
IRS incidence
IRC incidence
VAT incidence
Optimal Normative Taxation
Optimal Positive Taxation
Evaluation Type
Two tests in the semester course .
Presentation and discussion of research essays. .
Teaching Resources
Datashow ; specialized national and foreign journals ; Internet sources ; statistical information via national and international databases; e-books.
Sustainability Objectives
Keywords
Public economics
State intervention
Public policy
Public goods
Externalities
Fiscal Constitution
Public- Choice Theory
Pareto criterion
Social Welfare Function
Distributive Justice
Main Bibliography
Author | TRIGO PEREIRA, Paulo et al. |
---|---|
Title | Economia e Finanças Públicas |
Edition | 5ª ed. |
Editor | Escolar Editora |
Year | 2016 |
Author | ROSEN, Harvey and GAYER, Ted |
Title | Public Finance - Global Edition |
Edition | 10th ed. |
Editor | McGraw-Hill Education - Europe |
Year | 2014 |
Author | Teixeira Ribeiro, José Joaquim; Lições de Finanças Públicas |
Title | Lições de Finanças Públicas |
Edition | 5ª |
Place | Coimbra |
Editor | Coimbra |
Year | 2011 |
Complementary Bibliography
Author | Sammuelson, P. Northaus |
---|---|
Title | Economia |
Edition | 19ª |
Place | Lisboa |
Editor | Mc.Graw-Hill |
Year | 2016 |
Author | Anthony B. Atkinson;; Joseph E. Stiglitz |
Title | Lectures on Public Economics |