Knowledge of microeconomics and macroeconomics at an intermediate level. Principles of static optimization. Basic econometric tools. Having attended an undergraduate/introductory course of public finance is useful but not necessary.
The objective of the course is to provide — at an intermediate/advanced level — the conceptual instruments to analyze the economic role of the state. The approach emphasizes the relation between theoretical analysis and concrete policy alternatives.
The economic role of the State. Market, efficiency and equity. Externalities. Public goods. Voting and social choice. The economics of the welfare state: insurance market failures. Inequality: causes and policies. Redistributive taxation and efficiency.
Hindriks J. and Myles G., Intermediate public economics, MIT Press, 2nd edition, 2013
Lectures
Written exam
None
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