Business Combinations and Consolidated Statements

1. Attendance regime: Theoretical-Practical lectures (TP)

2. Evaluation method: Two distinct evaluation methods

1) Mixed Evaluation (ME) = 50% Continuous evaluation (CE) +50% Final exam (FE)

                                    (Minimum grade required on final exam FE: 7,5 values)

AC – Students will be evaluated throughout the semester regarding assiduity, application and the work developed in the framework of the curricular unit. In order to obtain a grade in the context of continuous evaluation, students should develop a thematic work which will be presented during classes.

2) Final Evaluation (FE) = 100%Final Exam

At the end of the semester the student may always opt by FE method.

Understand and economically justify why state intervention in the economy should occur. Study the State Budget from its organization to its approval, as well as to classify public revenues. Characterize and compare the Portuguese fiscal system with other international fiscal systems. Study the repercussions of the European integration on public finance, namely regarding the evolution of the public debt in the framework of a single currency and fiscal harmonization.

I – Introduction

1. The relationship between the State and the Economy– historical evolution

2. Public economy and public finance

II – State intervention

1. Market failure

2. Efficiency and equity

3. Macroeconomic goals

III – Theories and public policies in a uncertainty context

1. Asymmetric information, private insurance, social security and health

2. Externalities: public policies and their effects

3. Inequality, poverty and social welfare

IV – Public expenditure

1. Classification of public expenditure

2. Evolution of public expenditure

3.Economic effects of public expenditure

V – Public revenues

1. Property revenues

2. Tax

3. Taxes

3.1. Ways of taxing – the Portuguese fiscal system

4. The public credit revenues – the public debt

VI – The repercussions of the European integration on the Portuguese public finances

1. An overview of the budgetary policy

2. The budgetary policy in the European Union

3. The impact of fiscal harmonization

NAO

Barbosa, António S. Pinto (1998), “Economia Pública”, McGraw- Hill.

Pereira , Paulo Trigo, António Afonso, Manuela Arcanjo e José Carlos Gomes Santos, (2012), “Economia e Finanças Públicas”, Escolar Editora, 4ª ed.

Rosen, H. S, (2009), “Public Finance”, McGraw- Hill, 9^th ed.

Stiglitz, Joseph. E, Rosengard, J. K., (2015) “Economics of the Public Sector”, Norton, 4^th ed.