Public Economics

Presentation

The discipline of public economics intend to analyse in terms positive and normative the finantial or non finantial activities of various entities of the public sector.

Part of this Programme

Economics

Level of Qualification|Semesters|ECTS

| Semestral | 5

Year | Type of course unit | Language

3 |Mandatory |Português

Code

ULHT32-3502

Recommended complementary curricular units

Introduction to economics; Introduction to economic thought; Macroeconomics I and II; Markets and Finantial Investments; Economics of human resources; Industrial economics and Global Economy I.

Prerequisites and co-requisites

n/a

Professional Internship

Não

Syllabus

1. Introduction. State intervention forms. Historical evolution of Public Finances.

2. Microeconomic fundamentals for the intervention of the State in economy.

2.1.The market efficiency.

2.2.The market failures.

2.3.The trade-off between efficiency and equity.

2.4.Public goods.

2.5.Externalities.

3.Public expenditures

3.1.Tendencies

3.2.Evaluation and efficiency

3.3. Cost- benefit analysis

4.Public recepts

5.1.Sources of financing

5.2.Efficiency and taxation

5.3.Equity

5.Public sector in Portugal

6.Budget of State

7.Budget Policy

8.Susteinability of public finance

8.1.Public debt

8.2.Ricardian equivalence

8.3. arithmetics of deficits and debt

8.4.The dynamic sustainability of public debt.

Objectives

Assure the knowledge and capacity of understanding and aplication of the instruments of economics and fanance.

To know the concepts and economic models that explain the causes and consequences of the intervention of State.

Have the capacity to apply  and interpret methods and instruments of theintervention of the State in the economy. 

Give capacity to the students to identify the objects and methodologies of public intervention, in his different forms, as also evaluate the impacts in alocation of resources of tributation and public expenditure.

Teaching methodologies and assessment

Theoretical and practical classes with total of 60 hours. Presence in class. The students must be present in 75 %of total classes. The students will have  the next continuous evaluation:

. Work in group presented in class : 40 %

. Two knowledge assessment tests each one with 30%.

In accordance with the evaluation regulation of ECEO the approval in the discipline is equal or above 10 points. the students with less than 10 points, in continuous evaluation, have to do a final exam that weight 100 %.

References

Paulo Trigo Pereira et al (2016), Economia e Finanças Públicas, 5ª ed., Escolar Editora, Lisboa.

 Cullis, J., Philip Jones (2009), Public Finance and Public Choice, 3rd Edition, Oxford University Press.

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