PUBLIC ECONOMIC LAW
Instructional goals
The main objective of the course, taking into account the placement in the first year, is to The main objective of the course, taking into account the placement in the first year, is to provide the terminological tools for their first approach to law and a basic legal knowledge aimed at understanding the relationship between institutions, law and economy. The approach will be systematic. However, the aim is to provide students with the methodology for the critical analysis of the principles and relations governing the institutions of economic law, public and private, at international, European and national level.
Intended learning outcomes
Knowledge and understanding: the student will have acquired basic knowledge of the subject and in particular the legal system of the economy; he will know what is the organization of the State; he will also have acquired knowledge of basic interpretation techniques. In itinere, this knowledge will be evaluated through an intermediate test or through interaction during the lessons.
In particular, the student will have to:
- Know the constitutional order of the market and the sources to understand the regulatory choices adopted by the Constituent.
- To know the evolution of the history and the European legal and economic order.
- To know the structure and composition of the Government, the Parliament and the role of the President of the Republic in order to understand the institutional set-up.
-Knowing the constitutional ideas behind public finance and understanding the interrelationships between state - society – economy.
Knowing the actors that underpin public intervention in the market and understanding the institutional choices underlying the link between supervision and the market.
- To know the authoritative structure of the internal capital market and understand the function of banking, financial and insurance activities.
- Knowing the dynamics of the market and understanding the function of competition rules.
- Knowing the instruments and understanding the logic of the rules governing the functioning of the capital market.
Ability to apply knowledge and understanding:
The student will be able to apply the theoretical fundamentals to the interpretation of the legal framework of reference, improving their ability to interpret the legal phenomenon.
In particular, the student will be able to analyze:
- the relationships between the different sources;
- the impact of constitutional principles on the market;
- the process of construction of the European Union and the institutional aspects related to the management of public resources;
- the effects of democratic institutions and the impact of supervision on the market and finance;
- the impact of competition and the legal system on the dynamics of supply and demand for capital.
Autonomy of judgment
The student will have developed a critical awareness such as to allow the formulation of autonomous judgements on the identification of the applicable regulations in the subjects under study; he/she will also have developed a critical awareness such as to evaluate the individual regulations in reference to the fundamental principles, verifying their effectiveness.
Communication skills
The student will have developed the ability to communicate by adopting a rich vocabulary and a good synthesis technique.
Learning ability:
The student will be able to continue their studies, first, and start working, then, putting into practice the notions learned during the lessons.
In particular, the student will have to acquire:
- the ability to bring the individual norms back to the fundamental principles of reference
- the ability to study the Italian legal system;
-the ability to correlate the functions of independent institutions and authorities to the socio-economic reality;
- the ability to comply with the supervisory rules governing the matter;
- the ability to comply with the supervisory rules.
Course Contents
The course is divided into two parts. In the first part there will be an illustration of the constitutional principles and public law, with particular regard to those characterizing our country as well as those governing economic matters.
In the second part there will be an in-depth examination of specific issues of public economic law in the national and EU context, with particular reference to those of more immediate relevance to current affairs (market and competition regulations, privatisation, control of public finance, independent administrations, welfare and the third sector, the process of European integration and globalisation, control of the currency, the top-level structure of the European financial system).
Reference Books
For part I: AA.VV., Compendio di Diritto Pubblico, a cura di Mirella Pellegrini, Valerio Lemma, con il contributo di Illa Sabbatelli, Torino, Giappichelli, 2023 (with respect to the contents mentioned during the lessons)
For Part II: Diritto Pubblico dell'Economia, a cura di M. Pellegrini, Cedam, 2023 (in publication).
To deepen the part on the Constitution, It’s suggested: R. BIN-G. PITRUZZELLA, Diritto pubblico, Giappichelli, Torino, 2020 LINK https://www.giappichelli.it/diritto-pubblico-e-book-23615
https://luiss.summon.serialssolutions.com/?#!/search?ho=t&l=itIT&q=PITRUZZELLA,%20Diritto%20pubblico
or C. ROSSANO, Manuale di diritto pubblico, Jovene, Napoli, 2020 LINK https://www.libreriauniversitaria.it/manuale-diritto-pubblico-rossano-claudio/libro/9788824326506
https://luiss.summon.serialssolutions.com/?#!/search?ho=t&l=itIT&q=ROSSANO,%20Manuale%20di%20diritto%20pubblico
Or BIFULCO, Diritto Costituzionale, Giappichelli, 2020; o ROSSANO, Manuale di diritto pubblico, Jovene, Napoli, 2020, al sito luiss.summon.serialssolutions.com.
It is strongly required to study given manual alongside the Constitution and the main legislation text, as they are mentioned in the manuals.
Teaching Methods
The course will take on line and on line. There will be group and individual activities. Supplementary activities will also be organized relating to the analysis of cases, materials and concrete experiences, also through the testimony of qualified experts.
Assessment Method
The exam will be oral. During the exam the student must demonstrate knowledge of the principal arguments put forward during the course. The student will be able to analyze independently and with a critical spirit the discipline and the institutes covered by the course, correctly using the legal vocabulary of the subject, demonstrating to have acquired the study method and to deepen independently the subject. The student must demonstrate reasoning skills, applying institutions to practical cases explained by the teacher. The evaluation of the exam will be based on:
Mid term test (20%): the mid term test will be a Project work: the student will analyze a legal fact and apply the knowledge learned during the course.The test will evaluate understanding and autonomy of judgment. The intermediate test will cover the topics addressed up to a week before the mid term, it is not mandatory and the result obtained will be valid until the appeal in September.
Final exam (80%): The final exam will be oral and will be assessed as follows: or knowledge and understanding of the institutes and the principles of the subject and ability to apply to concrete cases (70%); or ability to use the technical-legal vocabulary, ability to consult and evaluate relevant sources and acquisition of the study method (30%)
Participation in class (1-2 bonus points): through these activities we intend to evaluate the ability to apply knowledge and autonomy of judgment.
Students who fail or achieve an insufficient mark in the mid-term exam will be assessed on the final oral exam and other activities.
The presence of training gaps on one or more institutes or principles will lead to an insufficient evaluation even in the presence of a basic knowledge of the subject
Thesis assignment criteria
Motivational interview
Does the syllabus cover sustainability topics?
The course investigates sustainability- related topics with regards to the analysis of the role of ESG factors in investments and in the modes of operativity of Public Administrations.
Week 1 Contenuto sessioni on line e on campus
on campus
Introduction of the course, by sharing learning outcomes, teachings methods and assessment methods.
The State: introductory notions (political power; the State and its constituent elements.
Online
Forms of state and forms of government.
“Forms of State”, Sovereignty, Political representation, separation of power, Majority rule, parliamentary form of government, unitary State, regional State, federal State.
Week 2 Contenuto sessioni on line e on campus
on campus
Interventor State and regulatory State in the economy: legal phenomenon; the economic analysis of law; living law and interpretation; the role of national judges.
online
The welfare State and its crisis; the administration between organisation and activity.
Week 3 Contenuto sessioni on line e on campus
on campus:
The italian Constitution.
Value, constituent power, classifications of constitutions.
The constitutional arrangements in Italy, the formal and material Italian Constitution.
online:
Principles on economic relations in the Italian Constitution and in the EU Treaty. The so-called Economic Constitution.
Week 4 Contenuto sessioni on line e on campus
on campus:
The Parliament, the Government and the President of the Republic: determination of the political direction; structure and functioning of constitutional bodies; legislative processes; the Parliament adn the European Union.
online
The constitutional basis of the administration.
Public policies and administrative functions. Public services
Week 5 Contenuto sessioni on line e on campus
Session n. 1 online
The system of sources law. Domestic sources and European law.
Session n. 2 on campus
Globalisation and new market regulation techniques.
Week 6 Contenuto sessioni on line e on campus
Session n. 1 online
Globalisation and new market regulation techniques.
Session n. 2 on campus
The organisation of the EU's internal market and the means to achieve it.
The four freedoms, the EU competition rules and the limitation of state aid to businesses.
Week 7 Contenuto sessioni on line e on campus
Session n. 1 online
From the Treaty of Maastricht to the Treaty of Lisbon. The SCG and ESM treaties. Parliaments and Governments in the "composite" Constitution of the EU.
Session n. 2 on campus
The relationship between politics and technique in the EU.
Week 8 Contenuto sessioni on line e on campus
Session n. 1 online
The economic and financial crisis and the new economic-financial governance.
Session n. 2 on campus
The BCE. European Union and monetary policy.
Week 9 Contenuto sessioni on line e on campus
Session n. 1 online
Public finance within the constitutional framework and regulatory interventions in the Eu.
Session n. 2 on campus
The law cost. n. 1/2012: the budget balance in the Constitution and the European constraints on public finance.
Week 10 Contenuto sessioni on line e on campus
Session n. 1 online
Public enterprises and privatisation in Italy. The protection of competition and the Agcm.
Session n. 2 on campus
The Independent Administrative Authorities. The Independent Administrative in times of crisis.
Week 11 Contenuto sessioni on line e on campus
Session n. 1 online
The financial market to understand the relationship between law and economy. The architecture of the financial order. UmE, SEVIF and UBE. The sustainable development.
Session n. 2 on campus
The stakeholders in financial market.
Week 12 Contenuto sessioni on line e on campus
End of the course