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 Law
Call: Second Semester
Teaching: With teaching
Enrolment: Enrollable | 1st year (Yes)
Provide students with the basics of Macroeconomics and Public Finance, so that they can achieve a comprehensive view of the economic role of the state.
Basic concepts. Preliminary notions of macroeconomics and the public sector. Financial operations and other forms of public sector action. The public budget: structure, fundamental concepts and budgeting techniques. Market failures and collective failures.
I. FUNDAMENTALS OF PUBLIC ECONOMICS AND FINANCIAL ACTIVITY.
Foundations of public activity. Market failures
. Functions of public finance .
. Economic efficiency and competitive markets .
. Types of intervention: instruments .
Public sector and budget
- The Public Sector Budget
. concept and budget cycle
. budgetary content: classification and budgetary formulas .
. The budget in Spain .
Collective Choice and Public Sector Behaviour .
II. PUBLIC EXPENDITURE
Public Expenditure. Efficiency and Equity
Economic Analysis of Public Expenditure
Budget balances
III. PUBLIC REVENUE
Tax Structure
Principles of Taxation
Economic analysis of taxation
The tax system. Analysis of the different taxes
Other public revenues
- ALBI, E. Et al. (2017): Economía Pública I y II, Ed. Ariel, Barcelona. (available in eBook)
- Bustos Gisbert, A., Lecciones de Hacienda Pública, Colex, 2003. (available in eBook)
- Caamaño Alegre, J., El control del gasto bajo un prisma de Gestión Pública: análisis teórico y aplicaciones a la IGAE, Instituto de Estudios Fiscales (IEF), 2007.
- Corona, J. F. and Díaz, A., Introducción a la Hacienda Pública, Ariel, 2003.
- Costa, M.; Durán, J. M.; Espasa, M.; Esteller, A. and Mora, A., Teoría Básica de los impuestos: un enfoque económico, Thomson, Civitas, 2005.
- Escuela de Hacienda Pública, Manual de Hacienda Pública, IEF, 1995.
- García Villarejo, A. and Salinas Sánchez, J., Manual de Hacienda Pública, Tecnos, 1996.
- Moldes Teo, E., Elección pública: hacia una teoría de los fallos colectivos, IEF, 1987.
- Rosen, H. S., Hacienda Pública, McGraw-Hill, 2007.
- To understand the complex role of public institutions in mixed economies, and assimilate and apply to specific problems the basics and main contributions of Public Finance (and, by extension, those of Public Economics and Economic Policy).
- To know the basic financial mechanisms of the Public Sector in budgetary terms, and understand the economic structure of incomes and the performance of the most significant taxes from an economic perspective.
- To understand the economic importance of public regulation and be insinuated into the application of economic analysis to law.
- To calculate several macro-figures by applying the identities of the national accounts, deflate economic figures, and determine the various balances of the international balance of payments of a country.
- To easily handle the national, regional and local budgets, and to acquire a minimum culture on the public deficit, budgetary stability, effects on changes in the CPI, interest rates, value of the euro, purchasing power parities, etc.
- To apply the tools of economic analysis to public regulation and the legal system in general.
- To understand the economic problems of the main areas of provision of public goods and services, and major programs of public transfers to private agents.
- To handle the quantifying elements more relevant and common to all tax systems in personal income taxes, corporate and sales taxes, as well as how to apply alternative tax rates, income groups, income updating, types of exempt minimum, etc.
- To identify the policy actions susceptible to contain inflation / generate employment / stimulate economic growth... and its possible adverse effects on other macroeconomic objectives.
- To manage Internet for obtaining economic and fiscal data from Eurostat, OECD, IMF, ECB and Bank of Spain, Spanish Statistical Office, etc.
METHODOLOGY
FACE-TO-FACE TEACHING.
The work in the classrooms starts with the explanation of each subject of the programme by the teaching staff (synchronous teaching). It will be preceded by a presentation-outline of the same and the objectives to be achieved. The students will be able to have a detailed outline of the contents of each subject beforehand. In any case, they are proposed as participative classes, devoting the interactive classes to the analysis and debate of the results of the activities proposed for each topic that the students must carry out beforehand and personally. The type of activity proposed will vary depending on the contents of each topic: questions to evaluate the learning of contents, practical cases built from real examples, critical comments of texts, data analysis, etc... The tutorials will be mainly face-to-face (personal and classroom). All the information of the subject, including the teaching guide of the subject, will be available to the students in the virtual classroom of the subject.
ASSESSMENT SYSTEM
In this subject with continuous evaluation, the continuous effort of the students throughout the course will be valued, basically, and as an indication:
- participation in the classroom: questions, answers to the questions of the teaching staff, etc.
- degree of compliance and quality of the activities carried out of the proposals in each subject
- a short test on one or more programme themes will be used as a complementary assessment element, and only if necessary in view of the poor results of previous activities.
In the case of fraudulent exercises or tests, it will be applied or included in the Regulations for the Evaluation of the Academic Performance of the students and for the revision of grades.
For the purposes of applying the provisions of article 5. 2 of the USC regulations on permanence in bachelor's and master's degrees, it will be understood that a student did not carry out any evaluable academic activity when he/she does not sit the final exam of the subject, in which case he/she will be recorded as "not submitted".
Continuous assessment and final evaluation: this will be applied to students who regularly attend class, following the provisions of the degree report.Attendance checks will be carried out on a discontinuous basis.
In this case, all the activities that must be carried out throughout the course are taken into account (evaluating aspects such as compliance with the activities proposed, clarity and expository capacity, mastery of concepts of the subject, active and collaborative participation and, where appropriate, short tests), and also the final evaluation:
- continuous assessment: 30%.
- final evaluation: 70% (final exam in person).
For the second opportunity, for each assessment option, the same assessment system will be maintained.
Those students who have "teaching exemption" will be evaluated 100% by the exam grade.
Presence Hours: 60
Personalized Study: 90
From the first day, the students must try to be introduced and understand the economic terminology, although it will be an additional effort in the first weeks of the academic year. They will have to order and review the notes taken in the sessions and solve any doubt in the tutorials.
Xoaquin Maria Fernandez Leiceaga
Coordinador/a- Department
- Applied Economics
- Area
- Applied Economics
- Phone
- 881811574
- xoaquin.fernandez [at] usc.es
- Category
- Professor: University Lecturer
Victor Hugo Martinez Ballesteros
- Department
- Applied Economics
- Area
- Applied Economics
- victorhugo.martinez [at] usc.es
- Category
- Professor: LOU (Organic Law for Universities) PhD Assistant Professor
| Wednesday | |||
|---|---|---|---|
| 11:00-12:00 | Grupo A - horario de mañana (A-F) | Galician | Classroom 1 |
| 15:00-16:00 | Grupo B - horario de tarde (G-O) | Galician | Classroom 1 |
| 17:00-18:00 | Grupo C - horario de tarde (P-Z) | Galician | Assembly Hall |
| Thursday | |||
| 10:30-12:00 | Grupo A - horario de mañana (A-F) | Galician | Classroom 1 |
| 15:00-16:30 | Grupo B - horario de tarde (G-O) | Galician | Classroom 1 |
| 16:30-18:00 | Grupo C - horario de tarde (P-Z) | Galician | Assembly Hall |
| Friday | |||
| 10:30-12:00 | Grupo A - horario de mañana (A-F) | Galician | Classroom 1 |
| 15:00-16:30 | Grupo B - horario de tarde (G-O) | Galician | Classroom 1 |
| 16:30-18:00 | Grupo C - horario de tarde (P-Z) | Galician | Assembly Hall |
| 05.22.2025 10:00-12:00 | Grupo A - horario de mañana (A-F) | Assembly Hall |
| 05.22.2025 13:00-15:00 | Grupo B - horario de tarde (G-O) | Assembly Hall |
| 05.22.2025 16:00-18:00 | Grupo C - horario de tarde (P-Z) | Assembly Hall |
| 07.09.2025 10:00-12:00 | Grupo A - horario de mañana (A-F) | Assembly Hall |
| 07.09.2025 13:00-15:00 | Grupo B - horario de tarde (G-O) | Assembly Hall |
| 07.09.2025 16:00-18:00 | Grupo C - horario de tarde (P-Z) | Assembly Hall |