ECONOMICS OF TAXATION

ECONOMICS 512-Spring 2010

Course Schedule, Announcements and Related Material

The schedule reviews material that has been covered in previous classes and topics to be addressed in the upcoming lectures.

The schedule will be revised periodically.

Month

Day

 

Coverage

January

19

Tuesday

Introduction and procedural details (Ch. 1)

January

21

Thursday

Efficiency and market failure

Public goods, Ch 3 (pp. 57-63) and externalities, Ch. 2.

January

26

Tuesday

Class dismissed--Compensation for out-of-class exams

January

28

Thursday

Conclude market failure--  Pigovian taxes, environmental taxes, cap and trade

Shome, pp. 104-112, Nordhaus' Review of Stern Report

February

2

Tuesday

Principles of taxation--Rosen & Gayer, Ch. 7.

Shome, pp. 3-24, 25-29, 30-34, 35-45, and 59-61. 

 

February

4

Thursday

Class dismissed--Compensation for out-of-class exams

February

9

Tuesday

Principles of taxation continue

February

11

Thursday

Conclude principles of taxation

February

12

Friday

Make up class--4:00 pm, IGPA Conference Room, 1007 W. Nevada

Introduction to income taxation--Rosen & Gayer, Ch. 8

HM, Ch. 15, Shome, pp. 50-54, 117-133.

February

16

Tuesday

Income taxation continues

Piketty and Saez, Progressive is the U.S. Federal Tax System? Journal of Economic Perspective, Winter 2007; Mankiw, Weinzierl, and Yagan, Journal of Economic Perspective, Fall 2009

February

18

Thursday

Income taxation continues

 

February

19

Friday

Make up class--4:00 pm, IGPA Conference Room, 1007 W. Nevada

Income taxation

February

23

Tuesday

Class dismissed

February

25

Thursday

Income taxation concludes S. Giertz, "The Elasticity of Taxable Income: Influences on Economic Efficiency and Tax Revenues, and Implications for Tax Policy," in Tax Policy Lessons from the 2000s.

March

2

Tuesday

Business and corporate taxation--Rosen & Gayer, Ch. 8.

Shome, pp. 134-148, 149-168, 181-184. Bird, Why Tax Corporations?

March

4

Thursday

Business and corporate taxation concludes

March

5

Friday

Make up class--First Examination (4-6 pm)--(Material--Beginning of class through income taxation) Study questions  The exam will be in the IGPA conference room, 1007 W. Nevada

March

9

Tuesday

Consumption taxation--Rosen & Gayer Ch. 9.

HM. Ch. 14, Shome, pp. 71-74, 75-79, 80-81, 82-86, 86-99, and 169-176.

March

11

Thursday

Class dismissed

March

16

Tuesday

Consumption taxation continues (Exams returned)

March

18

Thursday

Consumption taxation continues 

Hines, Taxing Consumption and Other Sins, Journal of Economic Perspective, Winter 2007

Graetz, Tax Reform Unraveling, Journal of Economic Perspective, Winter 2007

March 19

Friday

Consumption taxation continues.  The class will be in DKH at 4:30 pm.

March

23

Tuesday

Spring vacation--no class

March

25

Thursday

Spring vacation--no class

March

30

Tuesday

Tax reform issues relation to consumption and income taxation;  Begin wealth taxation

April

1

Thursday

Wealth taxation;  Rosen & Gayer, 219-221. Shome, pp. 188-191;  Fiscal Federalism, Rosen & Gayer, pp.251-260, Shome, 247-253;  Property taxation, Rosen & Gayer, 260-267, Shome, pp 185-187.

April

2

Friday

Make up class--4:00 pm, IGPA Conference Room, 1007 W. Nevada.  Property taxes and tax competition. Zodrow, Who Pays the Property Tax?

April

6

Tuesday

Tax evasion.  Slemrod, Cheating Ourselves: The Economics of Tax Evasion, Journal of Economic Perspective, Winter 2007

April

8

Thursday

Tax administration and tax evasion.  Slemrod, Cheating Ourselves: The Economics of Tax Evasion, Journal of Economic Perspective, Winter 2007

April

9

Friday

Make up class--4:00 pm, IGPA Conference Room, 1007 W. Nevada  Illinois Tax Issues

April

13

Tuesday

Class dismissed

April

15

Thursday

Second Examination --(Material--Corporate and business taxation to tax evasion)  Study questions  The exam will be in the regular classroom--215 DKH

April

20

Tuesday

Taxes on financial transactions, import and export duties.  Shome, 199-215. Tobin taxes.

April

22

Thursday

No class--class on Friday

April

23

Friday

Project presentations and discussion  4:00 pm, IGPA Conference Room, 1007 W. Nevada

April

27

Tuesday

No class--class on Friday

April

29

Thursday

Project presentations and discussion

April

30

Friday

Project presentations and discussion  4:00 pm, IGPA Conference Room, 1007 W. Nevada

May

4

Tuesday

Project presentations and discussion--Discussion of Final Exam

May

10

Monday

FINAL EXAMINATION: The final examination (9�11:30 AM, Monday, May 10 in the regular classroom) will be two hours in length.

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