Credit Hours: 3 hours Course Instructor: Maricarmen Marques, M.A.

PUAD 6309 - PUBLIC FINANCE
Credit Hours: 3 hours
Course Instructor:
Maricarmen Marques, M.A., JD
Prerequisites: PUAD 6015
Course Objectives in relation to total curriculum
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The course will enable students to:
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Be familiarized with the relationship between economy and government action.
Know the relationship between state income and expenses and the economy’s
behavior.
Identify taxation strategies which lead to different economic behavior
Express his or herself with clarity, coherence and correction, orally and in written
work.
Have a professional understanding of public financial issues
Course Description
The process of determination of government revenues and expenditures; public debt; tax policies;
effects of governmental programs on the distribution of income seen through various economic
theories.
Major Topics
Fiscal institutions. Assigning resources efficiently; welfare economy and the Paretian criterion,
collective goods and assigning resources efficiently, outsourcing and collective goods, distribution
of income and collective decision theory. Public expending policy and structure. General
principles of tax theory; criteria for a “good” tax system and fiscal effect and excessive load.
Public Debt, Price determination in the public sector and Fiscal policies and economic
development.
Typical Texts and Readings
Albi, E., González-Páramo, J. M. y Zubiri, I. (2004), Economía Pública I. Fundamentos,
Presupuesto y Gasto, Aspectos macroeconómicos, 2ª edición actualizada. Ed. Ariel.
Barcelona.
Bustos Gisbert, Antonio. (1999). Lecciones de hacienda publica 2. Financiación del sector
público, Editorial Constitución y Leyes, S.A.
Bustos Gisbert, Antonio. (2003) Lecciones de hacienda publica I. El papel del sector publico ; 30
edición Editorial Constitución y Leyes, S.A. España
Calcagno, P.T. & Thompson, H. (2004). “State economic incentives: stimulus or real location?”
Public Finance Review, 32 (6), 651-665.
Cervone, Edmund (2006), “Maine Revenue Primer 2006”, Maine Center for Economic Policy.
EE.UU.
Corona, J. y Díaz, A. (2000), Introducción a la Hacienda Pública, Ed. Ariel. Barcelona.
Gallegher, M. (2005). “Benchmarking tax systems”. Public Administration and Development, 25
(2), 125-146.
Joint Committee on Taxation (2006), “An Overview of the Special Tax Rules Related to Puerto
Rico and an Analysis of the Tax and Economic Policy Implications of Recent Legislative
Options”, JCX-24-06, junio 23, SJ. PR.
Kelly, T.M. (2005). “A century of public budgeting reform: The “key” question”. Administration
& Society, 37 (1), 89-109.
Musgrave, R.A. y P.B. Musgrave. (1992). Hacienda Pública teórica y aplicada. 5ta Edición.
McGraw-Hill. Madrid.
Puig-Junoy, J. & Rovira, L. (2004). “Issues raised by the impact of tax reforms and regional
devolution on heath-care financing in Spain”, 1996-2002. Environment & Planning. C:
Government & Policy, 22 (3) 453-464.
Rosen, H. S. (2002), Hacienda Pública (6ª edición), Ed. McGraw-Hill Irwing: Madrid. España
Stiglitz, J. E. (2002), La economía del sector público, Ed. Antoni Bosh. Barcelona. España
Tannenwald, R. (2006), “Research Counters Claims that Taxes Drive Business Location” In
Choices, 18 de abril de 2006, Vol. XII, Num. 2