8202 - PUBLIC ECONOMICS
MM-LS - AFC-LS - CLAPI-LS - CLEFIN-LS - CLELI-LS - DES-LS - CLG-LS - M-LS - IM-LS - ACME-LS - EMIT-LS
Department of Social and Political Sciences
Course taught in English
ALESSANDRA CASARICO
Course Objectives
The aim of the course is to lay the groundwork for an understanding of Public Economics at a master level.
The course is composed by three main parts.
- The first part analyses the government expenditure with a special focus on social security and education. The approach is mainly theoretical and builds on recent literature in Public Economics and Macroeconomics.
- The second part of the course examines public policies in an open economy, with a view on multiple jurisdictions and migration decisions issues: we discuss how national policies can be sustained in the presence of international labour and capital movements.
- The last part covers issues related to gender gaps in participation and wages: causes and policies aimed at reducing them.
Course Content Summary
The Welfare State: An Introduction
Social Security
-Pension systems, savings and the accumulation of physical capital
-Pensions and the labour supply
-Pensions and demographics
-Pension design and reform.
-Pensions and risk-sharing
Education
-Private versus Public Provision
-Financing of Schools
-The redistributive effects of education and education financing
Public Policy in Open Economy
-Fiscal competition
-Migration and migration policies
Gender
-Gaps in wages and participation
-Public Policies to reduce gender gaps
Detailed Description of Assessment Methods
Written exam. For students who regularly attend the class, a presentation based on topics agreed upon during the course can complement part of the written exam.
Textbooks
Reference texts are:
- HINDRICKS, MYLES, 2005, Intermediate Public Economics, MIT Press.
- MYLES, Public Economics, CUP, 1998.
- J. GRUBER, Public Finance and Public Policy, Worth Publishers, 2005.
- AEURBACH, FELDSTEIN (eds.) Handbook of Public Economics, vol.2 and 4, North-Holland.
- N. BARR, The Welfare State as Piggy Bank, Part III, OUP, 2001.
Most of the course will be based on articles from scientific journals and working papers. A complete and up-to-date list with an indication of the compulsory readings will be provided at the beginning of the course by each instructor.