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Economics
Public Economics and Finance

Public Economics and Finance

Code	16490
Year	3
Semester	S1
ECTS Credits	6
Workload	TP(60H)
Scientific area	Economics
Entry requirements	Not applicable
Learning outcomes	• Understand the theoretical foundations of the state's role in the economy; • Encouragement of critical perspective, a political-economic perspective on the advantages and disadvantages of state intervention in the economy; • Analysis of tax systems and taxes in Portugal; • Understand the economic theory behind economy and public finances • Reading and understanding reports • Conduct economic studies on the economy and public finances
Syllabus	CHAPTER I - Economy and public finance 1.1 Economy and public finance: a political-economic approach 1.2 Normative and positive analysis 1.3 The functions of the State 1.4 Public goods and asymmetric information 1.5 Externalities and public policies CHAPTER II - Budgetary federalism and decentralization 2.1 Government structure and fiscal federalism 2.2 Regional and local finances 2.3 Efficiency and equity CHAPTER III - Financing of Public Administrations and taxation 3.1 Public administration 3.2 Tax systems: progressivity and proportionality 3.3 The national tax system CHAPTER IV - State Budget 4.1 Historical notes 4.2 State Budget 4.3 Analysis of the ordinary budget proposal 4.4 Social Security 4.5 Deficit and public debt CHAPTER V - Budgetary policy 5.1 Overview of budgetary policy 5.2 Budgetary policy components and multipliers 5.3 EU budgetary policy
Main Bibliography	CADILHE, Miguel (2005), O Sobrepeso do Estado em Portugal. Uma proposta de reforma conceitual e administrativa, Fubu Editores S.A., Porto CAMÕES, P. J. (2006), “Análise da Evolução das Finanças Locais Portuguesas” in Estudo e Ensino da Administração Pública em Portugal, Escolar Editora CULLIS, John, e JONES, Philip (1998), Public Finance and Public Choice, 2ª ed., Oxford FERNANDES, A. L. C, (2010), A Economia das Finanças Públicas, Almedina Coimbra MOURA, J. P. e FERNANDES, R. S. (2000), A reforma fiscal inadiável, Celta Editora, Oeiras PEREIRA, Paulo T. et al, (2012), Economia e Finanças Públicas, 4ª ed., Escolar Editora, Lisboa PEREIRA, Paulo T. et al, (2012), Economia e Finanças Públicas: da Teoria à Prática, 3ª ed., Almedina, Coimbra PINTO, Ana C. e SANTOS, PAULA G. (2005), Gestão Orçamental Pública, Publisher Team, Lisboa SOUSA FRANCO, A., (1997), Finanças Públicas e Direito Financeiro, Volume I, Almedina, Coimbra
Teaching Methodologies and Assessment Criteria	The teaching method adopted utilizes theoretical and practical classes and individual and group study. Theoretical and practical classes focus on the transmission and application of knowledge leading to the assimilation of theoretical and methodological analysis tools necessary to address issues related to the performance of the economy, and particularly public administration. In the transmission of knowledge, whenever justifiable and possible, illustrations of concepts and analysis tools based on empirical observation and concrete facts are used. Assessment includes: * Two individual assessment tests (2 * 30%) to verify whether the student has understood the material taught and studied the recommended bibliography; * Group work (30%) * Participation/involvement (10%) This work is monitored throughout the semester according to a schedule.
Language	Portuguese. Tutorial support is available in English.