ECTS credits ECTS credits: 6
ECTS Hours Rules/Memories Student's work ECTS: 99 Hours of tutorials: 3 Expository Class: 24 Interactive Classroom: 24 Total: 150
Use languages Spanish, Galician
Type: Ordinary Degree Subject RD 1393/2007 - 822/2021
Departments: Applied Economics
Areas: Applied Economics
Center Faculty of Economics and Business Studies
Call: First Semester
Teaching: With teaching
Enrolment: Enrollable
Subject G3061323 Public Finance: Income and Expenses is an ordinary subject of Grade RD 1393/2007 that is taught in the first semester of the Degree in Economics. Its objective is for students to know public financial activity, both from the point of view of income and expenses. Having made the introduction, with historical background and general principles of income and public expenditure, the fundamental aspects related to them are defined and classified. We will study the main expenditure programmes, the public sector budget, the types of income and their size, taxes, the requirements of a good tax system and the analysis of the various taxes, with specific reference to the financial activity in Spain.
I. BACKGROUND:
I.1 The Public Economics.
I.2 The public sector and financial activity
I.3 Foundations Public Activity. Market failures
. The functions of public finances
. Economic efficiency and competitive markets
. Types of intervention: instruments
I.4 The accounts of the Public Administration
· The public sector budget
. concept and budget cycle
. budgetary content: classification and budgetary formulas
. the budget in Spain
I.5 Collective Choice and Behavior of Public Sector
II. PUBLIC SPENDING
II.1 Public expenditure. Efficiency and equity
II.2 Analise Instruments of Public Expenditure: efficiency, project analysis, etc..
II.3 Public spending on the welfare state
II.4 Historical and current level of public spending in Spain
III. PUBLIC INCOME
III.1 Tax Structure
III.2 Principles of taxation
III.3 Taxation and efficiency. The optimal tax
III.4 Economic analysis of taxation
III.5 The tax system. Analysis of the different taxes
III.6 Other revenue
IV. FISCAL FEDERALISM
IV.1 Economic rationale of decentralization
IV.2 Levels of government and division of responsibilities
ALBI, E. Et al. (2017): Economía Pública I y II, Ed. Ariel, Barcelona.
BACKHAUS, J. y WAGNER, R. (2004): Handbook of Public Finance, Kluwer Academic Publishers, Boston
BUSTOS, A. (2010): Lecciones De Hacienda Pública. Ed. Colex, Madrid.
CORONA, J., DÍAZ, A. (2000): Introducción A La Hacienda Pública, Ed. Ariel, Barcelona
FUENTES, E. (1990): Hacienda Pública. Introducción Y Presupuesto, Ed. Rufino García Blanco, Madrid
GRUBER, J. (2005): Public Finances and Public Policy, Worth Publishers
LÓPEZ, M.; UTRILLA, A. (1998): Introducción al Sector Público Español. Ed. Civitas. Madrid
MUSGRAVE, R.; MUSGRAVE, P. (1999): Hacienda Pública Teórica y Aplicada, McGraw Hill, Madrid.
ROSEN, H. (2007): Hacienda Pública, Ed. McGraw-Hill, Madrid. (7ª edición)
STIGLITZ, J.E. (2006): La Economía del Sector Público, Ed. Antonio Bosch, Barcelona
BIBLIOGRAFÍA COMPLEMENTARIA
ALBI, E. (2000): Público y Privado. Un Acuerdo Necesario. Ed. Ariel. Barcelona.
ARGIMÓN, I.; GÓMEZ, A.L.; HERNÁNDEZ DE COS, P.; MARTÍ, F. (1999): El Sector de las Administraciones Públicas en España. Estudios Económicos, núm. 68. Banco de España. Madrid
BAREA, J.; GONZÁLEZ-PÁRAMO, J. (1996): Pensiones y Prestaciones por Desempleo. Fundación BBV. Bilbao
BOADWAY, R., WILDASIN, D. (1986): Economía del Sector Público, Instituto de Estudios Fiscales. Madrid.
DE PABLOS, L. y VALIÑO, L. (2000): Economía del Gasto Público: Control y Evaluación, Ed. Civitas, Madrid.
GONZÁLEZ-PÁRAMO, J. (1997): “Déficit Público, Inflación y Convergencia de la Economía Española”, en J. Barea [dir.]: Déficit Público Y Convergencia Europea, pp. 54-109. Price Waterhouse. Madrid.
HERBER, B. (1975): Hacienda Pública Moderna. El Estudio de la Actividad Económica del Sector Público. Instituto de Estudios Fiscales. Madrid
JAÉN, M.; MOLINA, A. (1997): “Un Estudio Empírico de la Ley de Wagner Aplicado al Caso Español”, Hacienda Pública Española, núm. 141-142, pp. 277-286.
LÓPEZ, M. (1997): “La Fiscalidad y La Política de Vivienda en España”, Hacienda Pública Española, núm. 141-142, pp. 287-334.
LÓPEZ, M. y UTRILLA, A. (2000): Lecciones sobre el Sector Público Español, Ed. Civitas, Madrid.
LOZANO, J. (1983): Introducción a la Teoría del Presupuesto. Instituto de Estudios Fiscales. Madrid
MONASTERIO, C.; ZUBIRI, I. (1996): “La Financiación de las Comunidades Autónomas: Balance y Propuestas de Reforma”, Papeles de Economía Española, núm. 69, pp. 172-191.
MONASTERIO, C.; SUÁREZ, J. (1998): Manual de Hacienda Autonómica y Local. Ed. Ariel. Barcelona.
SAN SEGUNDO, M.J.; VAQUERO, A. (1998): “Indicadores de Resultados de las Universidades”, Papeles de Economía Española, monográfico, pp. 139-156.
SÁNCHEZ, J., DE SANTIAGO, R. (1998): Utilidad y Bienestar: una Historia de las Ideas sobre Utilidad y Bienestar Social, Ed. Síntesis, Madrid.
SEN, A. (1976): Elección Colectiva y Bienestar Social. Ed. Alianza. Madrid
Competences of the degree to which the subject contributes:
• Know how to identify, gather and interpret relevant data on economic questions, incorporating in the elaboration of judgments and proposals the pertinent considerations regarding their social, scientific or ethical dimension.
• Know how to identify information, ideas, problems and proposals for solutions to economic issues, using both verbal and written language and the means and techniques of representation of relationships and data presentation that are used in economics.
• Have the general knowledge of economics and the necessary learning skills to continue studying and to undertake specialized studies in economics and other related areas, with a high degree of autonomy.
• Knowledge of national and international economic reality, productive sectors, public sector, economic institutions and their evolution.
• Public economy: nature, justification and objectives of the intervention of the public sector in the economy: public finance, taxation, social services, health, education, etc. The development of economic policies.
• Contribute to the good management of the allocation of resources, both in the private and in the public domain.
• Acquisition of competences related to management by objectives and project management.
Specific competences of the subject:
The main objective of the subject is to provide students with basic notions of a theoretical and practical nature related to the Public haixence. Thus, at the end of the course, the student should be able to:
• Understand in each case the need for intervention of the Public Sector in a market economy.
• Know the composition of the Public Administration in Spain.
• Know, understand and apply the budgetary rules necessary for the elaboration of the PGE.
• To know the Financial Statements of the accounts of the Public Administration.
• Understand the reality of public sector revenues and expenditures.
• Understand and analyze the system of public revenues, mainly taxes.
• See how the tax system can influence the behavior of economic agents, decisions about consumption, savings, labor, etc.
• Judge the tax system of different countries and taxes based on the tax principles under study.
For the development of the program of the subject the teachers combines the teaching method of the exhibition class, which aims at the complete, systematic and orderly presentation of the content of the topics and headings described above; along with interactive classes, which require the participation and active work of students. After the theoretical exposure, different exercises are proposed, some of which require computer support, with the intention of combining the use of the software with theoretical learning, without getting lost in automations. Students must manage the application of the virtual classroom and Teams, through which material will be shared, tests will be carried out, etc. It is essential that all enrolled people activate their RAI user and have computer access through the USC (http://www.rai.usc.es/). For the 2020-2021 academic year, three possible scenarios are foreseen, in each the teaching methodology will be as follows:
Scenario 1:Face-to-face teaching
The content of the subject is taught in the first half of the course, with a teaching burden of 6 ECTS credits. Thus, and according to the schedule established by the Center, the weekly distribution of the school load will be made by combining the exhibition classrooms with the interactive ones. This mixture will first allow a theoretical approach to the most relevant aspects of matter, followed by case studies.
Scenario 2: Face-to-face and virtual teaching
The content of the subject is taught with a combination of face-to-face and virtual teaching, in accordance with the guidelines established by the Deanship or the Rectorate and the appropriate sanitary measures. For virtual teaching the Teams platform or the Virtual Campus will be used, as well as for tutoring that will be via telematics through the same platform, by appointment agreed with the teachers of the subject.
Scenario 3: Virtual teaching.
The content of the subject is taught exclusively through virtual means, in accordance with the guidelines established by the Deanship or the Rectorate. The platforms to use are the Virtual Campus and Teams, combining individual and collective works, exhibition and interactive classes with different relative weight depending on the height of the course in which this scenario 3 occurs. The tutorials will be exclusively by telematics, through the Teams, by appointment agreed with the teachers of the subject.
In all scenarios it is about enhancing the autonomous learning of students, including feedback and self-assessment elements, with tests through the virtual campus, job delivery, participation lists, etc. The time spent on remote tasks will, in any case, be proportionate to the subject matter and materials used must comply with intellectual property and data protection regulations.
The evaluation of students will be done through an examination and individual or group work, so they can show their knowledge of the subject. In the following outline relevant aspects are observed for the final evaluation, differentiating criteria and tools for their determination, and their approximate weight in the final grade.
ASPECT
Attendance and participation
CRITERIA
- Assistance and continued active involvement in the issues raised in the classroom.
- Attendance and participation in complementary activities
WEIGHT
-15%
ASPECT
Performing work and participation in the resolution of the exercises posed
CRITERIA
- Adequacy of the proposed work
- Structure and presentation of the work
- Delivery of documents by the deadlines previously established
- Assessment of the work of the exercises performed
WEIGHT
-15%
ASPECT
Contents of the subject
CRITERIA
- Domain theory and practice of the subject
- Theoretical and practical exam
WEIGHT
-70%
Students waiver of class attendace, repeters or interchange students will have to pass a final exam. this exam will represent 100% of final cualification.
WORK IN THE CLASSROOM Hours
Lectures 30
Interactive classes 15
Small group tutorials or single 7
Evaluation in big group 8
Total working hours in the classroom 60
STUDENT PERSONAL WORK Hours
Individual self-study or group 55
Writing exercises, conclusions and further work 25
Other work in the computer 5
Further reading, library or similar activities 5
Total hours of personal work 90
It is considered essential for the overcoming of matter not only the memorization of the contents but, above all, the understanding of its meaning. To this end, it is also appropriate to resolve the proposed exercises and resolve doubts throughout the course, the examination is not the best time for the approach to doubts.
In the event that the student does not pass the subject at the first opportunity, their continuous evaluation notes are retained only for the second chance. This reservation will not be made for subsequent courses.
Contingency Plan in the event that Scenario 2 (face-to-face and virtual teaching) or Scenario 3 (virtual teaching) is activated
- Teaching methodology.
Scenario 2: Face-to-face and virtual teaching
The content of the subject is taught with a combination of face-to-face and virtual teaching, in accordance with the guidelines established by the Deanship and the Rectorate, as well as the sanitary measures established at that time. For virtual teaching the Teams platform and the virtual campus will be used, as well as for tutoring that will be via telematics through the same platform, by appointment agreed with the teachers of the subject.
Scenario 3: Virtual teaching.
The content of the subject is taught exclusively through virtual means, in accordance with the guidelines established by the Deanship or the Rectorate. The platforms to use are the Virtual Campus and Teams, combining individual and collective works, exhibition and interactive classes with different relative weight depending on the height of the course in which this scenario 3 occurs. The tutorials will be exclusively by telematics, through the Teams, by appointment agreed with the professor of the subject.
In any scenario planned for the 2020-2021 academic year, the autonomous learning of the student is enhanced, with elements of feedback and self-assessment, with periodic tests that will be carried out through the virtual campus, delivery of jobs, participation lists, etc. The time spent on remote tasks will, in any case, be proportionate to the subject matter and materials used must comply with intellectual property and data protection regulations.
- Evaluation system in the event that Scenario 2 or 3 needs to be activated.
The relationship of the different evaluable activities throughout the course, their weighting and follow-up will be indicated in the teaching guide of the subject that will be published in the virtual classroom at the beginning of the course. The final in-person or telematic test in accordance with the guidelines established by the Deanship and the Rectorate in scenario 2 and telematics in scenario 3. In the cases of telematic tests, if fraudal conduct of exercises or tests is detected, what is included in the Regulations for the evaluation of students' academic performance and the review of qualifications will apply.
The relative weight of the continuous evaluation tests will be 40%, while the final test will weigh 60% on the final grade.
Students with exemption from official class attendance or repeaters who request it within the time limit set out in the teaching guide will be presented to a final examination on the contents of the subject. This exam will be 100% of the final grade. In any case, 5 days before the official test is carried out, they must send an email to the teachers in charge of the subject indicating their data and the situation of dispensation or repetition.
Alejandro Ballesteros Ron
Coordinador/a- Department
- Applied Economics
- Area
- Applied Economics
- Phone
- 881811577
- Category
- Professor: University Lecturer
Maria Cadaval Sampedro
- Department
- Applied Economics
- Area
- Applied Economics
- Phone
- 881811664
- maria.cadaval [at] usc.es
- Category
- Professor: Temporary PhD professor
Santiago Calvo Lopez
- Department
- Applied Economics
- Area
- Applied Economics
- santiago.calvo.lopez [at] rai.usc.es
- Category
- Xunta Pre-doctoral Contract
| Tuesday | |||
|---|---|---|---|
| 09:30-11:30 | Grupo /CLE_01 | Spanish | Classroom 24 |
| 15:30-17:30 | Grupo /CLE_02 | Spanish | Classroom 07 |
| Thursday | |||
| 15:30-17:00 | Grupo /CLIS_04 | Spanish, Galician | Classroom 22 |
| 18:45-20:15 | Grupo /CLIS_03 | Galician, Spanish | Classroom 07 |
| Friday | |||
| 11:15-12:45 | Grupo /CLIS_02 | Spanish | Classroom 06 |
| 12:45-14:15 | Grupo /CLIS_01 | Spanish | Classroom 01 |
| 01.25.2021 09:00-12:00 | Grupo /CLIS_01 | Classroom 07 |
| 01.25.2021 09:00-12:00 | Grupo /CLIS_03 | Classroom 07 |
| 01.25.2021 09:00-12:00 | Grupo /CLE_02 | Classroom 07 |
| 01.25.2021 09:00-12:00 | Grupo /CLE_01 | Classroom 07 |
| 01.25.2021 09:00-12:00 | Grupo /CLIS_02 | Classroom 07 |
| 01.25.2021 09:00-12:00 | Grupo /CLIS_04 | Classroom 07 |
| 06.21.2021 15:30-18:30 | Grupo /CLIS_02 | Classroom 28 |
| 06.21.2021 15:30-18:30 | Grupo /CLIS_04 | Classroom 28 |
| 06.21.2021 15:30-18:30 | Grupo /CLE_01 | Classroom 28 |
| 06.21.2021 15:30-18:30 | Grupo /CLIS_01 | Classroom 28 |
| 06.21.2021 15:30-18:30 | Grupo /CLIS_03 | Classroom 28 |
| 06.21.2021 15:30-18:30 | Grupo /CLE_02 | Classroom 28 |