28354 - Principles of Public Economics

Academic Year 2019/2020

  • Teaching Mode: Traditional lectures
  • Campus: Bologna
  • Corso: Second cycle degree programme (LM) in Innovation and Organization of Culture and the Arts (cod. 0902)

Learning outcomes

"Student is expected to get frameworks of economics within the public sector. In particular, the student is expected to understand: - the role of government in mixed economies - economic efficiency and Pareto efficient allocations - market and public failures - results of the social choice theory - role of the government in the redistribution of income - financing of government interventions through the tax system.

Course contents

1. The Market Forces of Supply and Demand.
2. Elasticity and Its Application.
3. Supply, Demand, and Government Policies.
4. Consumers, Producers, and the Efficiency of Markets.
5. The Costs of Production.
6. Firms in Competitive Markets.
7. The Costs of Taxation.
8. The Design of the Tax System
9 Monopoly (including price discrimination)

Readings/Bibliography

N. Gregory Mankiw, "Principles of Economics", any edition, South-Western College Pub.

Additional material provided in class.

Teaching methods

Lectures

Assessment methods

Written exam: 90 minutes. The exam will include one exercise.

Teaching tools

See the website of Davide Dragone [https://www.unibo.it/sitoweb/davide.dragone]

Office hours

See the website of Davide Dragone

SDGs

Decent work and economic growth

This teaching activity contributes to the achievement of the Sustainable Development Goals of the UN 2030 Agenda.