Vai al contenuto principale
Oggetto:
Oggetto:

PUBLIC ECONOMICS

Oggetto:

Public economics

Oggetto:

Academic year 2017/2018

Course ID
ECO0245
Teacher
Giovanni Mastrobuoni (Lecturer)
Year
2nd year
Type
Basic
Credits/Recognition
6
Course disciplinary sector (SSD)
SECS-P/03 - scienza delle finanze
Delivery
Formal authority
Language
English
Attendance
Optional
Type of examination
Written
Prerequisites
Basic knowledge of microeconomics, public economics and mathematics.
Oggetto:

Sommario del corso

Oggetto:

Course objectives

This course examines the role of government in modern private economies, focusing on the topic of market failures. Under ideal conditions, competition promotes economic efficiency, leaving little role for the public sector. In some circumstances, however, private markets fail and government intervention to restore efficiency may be desirable. Market failures to be analyzed include public good provision, externalities, imperfect competition, and asymmetric information.

Oggetto:

Results of learning outcomes

The course will provide the students with an advanced knowledge of standard public economic theory. After attending the course, the student is expected:
• to be able to manage quantitative microeconomic tools to analyse market failure problems and related government interventions; 
• to have notions on how public economic theory can be fruitfully applied for undertaking sound empirical analysis of policy making concerning public good provision, market power control, and environmental regulation;
• to learn how to effectively organize ideas mainly in written form, by summarizing, discussing and criticizing the results of academic research in public economics;
• to understand the main building blocks of public economic theory and to acquire the toolkit for undertaking further research work in public economics.

Oggetto:

Course delivery

Lezioni frontali integrate da presentazioni di articoli pa parte degli studenti.

Oggetto:

Learning assessment methods

Written exam with two technical questions. Time: 1 hour.

Oggetto:

Program

Public economics and economic efficiency:
- Pareto-efficiency of competition and First Theorem of Welfare Economics
- Lump-sum transfers and Second Theorem of Welfare Economics 
Departures from efficiency:
- Public goods
- Club goods and local public goods
- Externalities
- Imperfect competition

Suggested readings and bibliography

Oggetto:

HINDRIKS J., MYLES G.D., Intermediate Public Economics, MIT Press, 2013, chapters 1-2, 5-9.



Oggetto:
Last update: 25/02/2018 17:05
Location: https://www.economics.unito.it/robots.html
Non cliccare qui!