Public Economics

Code:

LGE310

Acronym:

EFP

Keywords
Classification	Keyword
OFICIAL	Economics

Instance: 2006/2007 - 2S

Active?	Yes
Responsible unit:	Grupo de Economia
Course/CS Responsible:	Business Administration

Cycles of Study/Courses

Acronym	No. of Students	Study Plan	Curricular Years	Credits UCN	Credits ECTS	Contact hours	Total Time
GES	142	Official Curricular Structure since 2004	3	2		-

Teaching language

Portuguese

Objectives

The aim of the course is to help students understand the role of the Public sector in market economies and how public policies impact the private sector, especially firms.

Program

1.The Public Sector in a market system
1.1.The role of the Public Sector
1.2.Markets and efficiency
1.3.Markets and equity
1.4.The structure of the Public Sector: multiple levels of Governments
1.5.The size of the Public Sector
2.Efficiency and market failure
2.1. Failure of competition – natural monopolies
2.2. Public goods
2.3. Externalities
2.4. Asymmetric information
3.Equity and Income Distribution
3.1. Concepts of equity
3.2. Principles of taxation
3.3. Taxes and fees
4.Decision making in the Public Sector
4.1. Public choice
4.2. Bureaucracies
4.3. Public versus Private sector
4.4. Privatization and Regulation
4.5. Non-governmental organizations
5.Government spending
5.1. Budgeting in the public sector
5.2. Cost-benefit analysis
5.3. Expenditure funding – public-private partnership
6.Taxes
6.1. Taxes on income, on consumption and on property
6.2. Incentives and distortions
6.3. Corporate income taxes

Main Bibliography

Ulbrich, Holley (2003). Public Finance in Theory & Practice.

Complementary Bibliography

Connolly, Sara e Alistair Munro (1999). Economics of the Public Sector. Prentice-Hall.
Rosen, Harvey S. (1999). Public Finance. McGraw-Hill.
Stiglitz, Joseph E. (2000). Economics of the Public Sector, 3rd ed. Norton.
Ulbrich, Holley (2003). Public Finance in Theory & Practice. Thomson.

Teaching methods and learning activities

Lectures and tutorial classes.

Evaluation Type

Distributed evaluation with final exam

Assessment Components

Description	Type	Time (hours)	Weight (%)	End date
Subject Classes	Participação presencial	42,00
	Total:	-	0,00

Observations

n.a.