Course guide of Public Sector Economics I (2261132)

• Basic knowledge of micro and macroeconomics
• In the case of using AI tools for the coursework, the student must adopt an ethical and responsible use of such tools. The recommendations contained in the document "Recommendations for the use of artificial intelligence at the UGR" must be followed: https://ceprud.ugr.es/formacion-tic/inteligencia-artificial/recomendaciones-ia#contenido0

• Public Sector and budget.
• Public Expenditure: foundations of Public intervention.
• Public revenue and taxation.
• Taxation, efficiency and equity.
• Optimal taxation.
• The Decentralized Public Sector: Fiscal Federalism.

Students will learn/understand:

• The management of the Public Budget
• Budgetary policies
• The justification for public intervention
• Market failures and public solutions
• The redistribution of the economic surplus
• Macroeconomic policies
• The fundamentals of taxation
• Optimal taxation
• The economic impact of fiscal federalism

• THEORETICAL CONTENT:
  • SECTION 1. ANALYSIS OF PUBLIC SPENDING POLICY.
  • SECTION 2. MARKET FAILURES AND PUBLIC INTERVENTION.
  • SECTION 3. PUBLIC CHOICE.
  • SECTION 4. PUBLIC REVENUES: TAXES EQUITY-EFFICIENCY TRADE OFF.
  • SECTION 5. FISCAL FEDERALISM.

• THEORETICAL CONTENT:
  • SECTION 1. ANALYSIS OF PUBLIC SPENDING POLICY.
  • SECTION 2. MARKET FAILURES AND PUBLIC INTERVENTION.
  • SECTION 3. PUBLIC CHOICE.
  • SECTION 4. PUBLIC REVENUES: TAXES EQUITY-EFFICIENCY TRADE OFF.
  • SECTION 5. FISCAL FEDERALISM.

• Rosen, H. S y Gayer T. Public Finance, 10 th. Edition. McGraw Hill, 2014
• Stiglitz, J.E. (2015): Economics of the Public Sector, 4rd edition. W. W. Norton & Company
• Mankiw, G. Essentials of Economics. 11th edition. New York : Worth Publishers, 2017
• Mankiw, G. The Economics of Healthcare (2017). Accessible at: economics_of_healthcare.pdf (harvard.edu)

• Albi, E., González-Páramo, J.M., Urbanos, R., y Zubiri, I. (2017). Economía Pública I. Fundamentos, Presupuesto y Gasto. Aspectos Macroeconómicos. Barcelona: Ariel.
• Bustos Gisbert, A. (2017): Curso Básico de Hacienda Pública, Editorial Colex, Madrid.
• Paniagua Soto, F.J. y Navarro Pascual, R. (2016). Hacienda Pública I. Teoría del Presupuesto y Gasto Público. Madrid: UNED-Pearson.

• PRADO 2 https://pradogrado.ugr.es/moodle/auth/saml/login.php
• The Economist: http://www.economist.com/
• Spanish Statistics Institute: http://www.ine.es/
• Bank of Spain: http://www.bde.es/webbde/es/
• EUROSTAT: https://ec.europa.eu/eurostat/home?
• OCDE: www.ocde.org
• OUR WORLD IN DATA: Our World in Data

• Coursework: 30-50% of the overall mark
• Exam: 50-70% of the overall mark
• Important note: The overall mark (coursework plus written exam) to pass this subject is 50%. In order to qualify for the continuous evaluation students are required to participate at least in 50% of the practical coursework. Students are required to obtain a minimum of 40% in each part of the course (exam and coursework)
• In accordance with the current Regulations for the Evaluation and Grading of Students at the University of Granada (Article 22):
  If an exam accounts for 50% or more of the total weighting of the final grade for the subject, and the student chooses not to take it, the record will show "Not Presented" ("No presentado").
  When the student has completed activities and assessments from the continuous evaluation process that constitute more than 50% of the total weighting of the final grade for the subject, the record will show the corresponding grade.
• DESCRIPTION OF THE EXERCISES WHICH WILL CONSTITUTE SINGLE FINAL ASSESSMENT AS ESTABLISHED IN UGR REGULATIONS

• See http://economia-aplicada.ugr.es/ for criteria and how to apply for this mode of evaluation
• Final written exam 100%

• Not applicable