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.
1. The public sector as an economic agent and its organization
2. The public budget
3. Public intervention and decision-making
4. Public spending: Efficiency and equity
5. Public sector financing: Tax system and basic concepts
6. Taxation, incidence, efficiency, and equity
7. Deficit and public debt: Fiscal rules
Basic Bibliography
ALBI, E. Et al. (2022): Economía Pública I y II, Ed. Ariel, Barcelona.
AYALA, L. et al. (2024). Economía del Sector Publico, Aranzadi, Madrid.
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
Complementary Bibliography
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. (2.000): 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/).
Taking into account the teaching methodology described in the previous section, the evaluation combines the interactive and expository activity of the student. A part of it depends on the results that the students achieve when carrying out the continuous evaluation tests, the works, the discussions and interventions that take place, as well as the final exam.
• 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 test will be face-to-face.
The relative weight of the continuous assessment tests will be 35%, while the final test will weight 65% of the final grade.
Students exempted from official class attendance or repeaters, who so request within the period established in the teaching guide, will take a final exam on the contents of the subject. This exam will be 100% of the final grade. In any case, 5 days before the official test, they must send an email to the teacher in charge of the subject indicating their data and the situation of waiver or repetition.
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.
Maria Cadaval Sampedro
Coordinador/a- Department
- Applied Economics
- Area
- Applied Economics
- Phone
- 881811664
- maria.cadaval [at] usc.es
- Category
- Professor: Temporary PhD professor
Santiago Lago Peñas
- Department
- Applied Economics
- Area
- Applied Economics
- santiago.lago.penas [at] usc.es
- Category
- Professor: University Professor
| Monday | |||
|---|---|---|---|
| 15:00-17:00 | Grupo /CLE_02 | Galician | Classroom 24 |
| Tuesday | |||
| 09:30-11:30 | Grupo /CLE_01 | Galician | Classroom 24 |
| Thursday | |||
| 11:00-12:30 | Grupo /CLE_01 | Galician | Classroom 24 |
| 15:00-16:30 | Grupo /CLE_02 | Galician | Classroom 24 |
| 01.09.2025 09:00-12:00 | Grupo /CLIS_03 | Classroom A |
| 01.09.2025 09:00-12:00 | Grupo /CLIS_04 | Classroom A |
| 01.09.2025 09:00-12:00 | Grupo /CLE_01 | Classroom A |
| 01.09.2025 09:00-12:00 | Grupo /CLE_02 | Classroom A |
| 01.09.2025 09:00-12:00 | Grupo /CLIS_01 | Classroom A |
| 01.09.2025 09:00-12:00 | Grupo /CLIS_02 | Classroom A |
| 01.09.2025 09:00-12:00 | Grupo /CLE_01 | Classroom B |
| 01.09.2025 09:00-12:00 | Grupo /CLE_02 | Classroom B |
| 01.09.2025 09:00-12:00 | Grupo /CLIS_01 | Classroom B |
| 01.09.2025 09:00-12:00 | Grupo /CLIS_02 | Classroom B |
| 01.09.2025 09:00-12:00 | Grupo /CLIS_03 | Classroom B |
| 01.09.2025 09:00-12:00 | Grupo /CLIS_04 | Classroom B |
| 06.23.2025 12:00-15:00 | Grupo /CLE_01 | Classroom C |
| 06.23.2025 12:00-15:00 | Grupo /CLE_02 | Classroom C |
| 06.23.2025 12:00-15:00 | Grupo /CLIS_01 | Classroom C |
| 06.23.2025 12:00-15:00 | Grupo /CLIS_02 | Classroom C |
| 06.23.2025 12:00-15:00 | Grupo /CLIS_03 | Classroom C |
| 06.23.2025 12:00-15:00 | Grupo /CLIS_04 | Classroom C |