EGOB-4105 Public Finance
At the end of this course, students must be familiar with the arguments for the active role of the State in the market economy and the tools needed for analysis. Likewise, the models on the different ways how the State interacts with the markets and the social decision mechanisms will be studied. Finally, students must be familiar with the organization of the Colombian public sector, its decision-making mechanisms and its main current problems. The course is divided in five parts: (i) a general introduction, (ii) tax agencies in Colombia, (iii) public expenditure theory, (iv) public revenue theory, and (v) debt and macroeconomic aspects of the tax policy. The introduction will cover, from a conceptual standpoint, the way how the State interacts with the markets and its justification, and a brief recount of the tax doctrine evolution will be made. The second part covers the non-financial public sector in Colombia and its recent evolution. The course will delve into some of the issues associated with this topic. The third and fourth parts will cover expenditure and revenues, respectively, and will be more technical. Special attention will be given to the most common expenditure programs. the fifth part of the course will cover macroeconomic topics (debt, IMF).
Catalog page for this course