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| ECON0091-1 | Economic aspects of public finance
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| Duration : | 30h Th, 15h Pr |
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| Credits/ECTS : |
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| Holder(s) : | Alain Jousten |
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| Language : | Langue française |
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| Course contents : | This course analyzes the public sector concerning the allocation of resources and the redistribution of income.
It discusses the role of the public sector, the difference between private and public goods, public choice and externalities
We use cost-benefit analysis, voting mechanisms, etc to analyze the main expenditure programs (health, retirement, education, etc).
Tax policy relies on two broad principles: equity (progressivity, tax capacity) and efficiency. We outline the main results of optimal (direct and indirect) taxation.
Finally, the main categories of taxes are reviewed: Income taxes: progressivity and tax base, individual versus household basis. Labor taxation: incidence, negative income tax. Consumption tax: expenditure tax, ad valorem versus unitary taxes, value added tax (VAT), excises. Corporate profit tax: objective, incidence, depreciation allowances. Tax expenditures. |
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| Course objective : | Use the tools of economic analysis to understand the role and functioning of the public sector. |
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| Prerequisites : | Intermediate microeconomics |
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| Organization : | Second semester. |
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| Written notes : | Lectures conseillées :
- STIGLITZ, J.E., Economics of the Public Sector, Norton
- ROSEN, H.S., Public Finance, Irwin. |
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| Assessment : | Written exam. |
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| Contacts : | Professor :
A.Jousten, Bât. B31, Tél. : 04/3663198,
e-mail : ajousten@ulg.ac.be
Assistant :
E. Bonsang, Bât. B31, Tél. : 04/3663110,
e-mail : eric.bonsang(c.delcour@ulg.ac.be)@ulg.ac.be(c.delcour@ulg.ac.be) |
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