Course detail

Public Finances

FAST-CV69Acad. year: 2013/2014

Subject is focused on characteristics of public finances, public estates and basic principles of decision making in public sector. There are solved areas of public revenues and expenditures, principles of tax theory, social security and social insurance. Part of the subject is also created by spatial aspects of public finances and principles of budgetary process including impact of fiscal imbalance on the state economics.

Language of instruction

Czech

Number of ECTS credits

8

Mode of study

Not applicable.

Guarantor

prof. Ing. Koloman Ivanička, Ph.D.

Department

Institute of Structural Economics and Management (EKR)

Learning outcomes of the course unit

Students will learn about the specifics of public goods.
Students will become familiar with the structure of financing of the public sector.
Students will receive information on government revenues, especially taxes.
Students will learn the spatial aspects of public finances.
Students will learn the structure of public budgets.

Prerequisites

Fundamentals of microeconomics, macroeconomics and financing, tax structure overview.

Co-requisites

Efficiency of public investments, tools and methods for its evaluation.

Planned learning activities and teaching methods

The course is taught through lectures, practical classes and self-study assignments. Attendance at lectures is optional, but attendance at classes is compulsory.

Assesment methods and criteria linked to learning outcomes

For credit student must meet attendance and prepare and present a seminar work on a given topic. The exam is written with possibility of oral part. In the frame of written part student will answer defined questions, to pass this part student must reach min. 50 % of points. Oral part serves for specification of classification.

Course curriculum

1. Public finances – basic terms and links.
2. Economical analysis of public estates, their characteristics and typology.
3. Public choice and its consequence for public finance sphere. Basic rules of public choice.
4. Public expenditures, public projects and public expenditure programs. Macro and microeconomic aspects and impacts of public expenditures. Factors, which affects size, structure and dynamic of public expenditures.
5. Public revenues, classification of public revenues and other tax classifications. Public charges.
6. Tax theory introduction. Tax principles, tax justice, efficiency of taxes, tax transfer and impact.
7. Social security and causes of its formation. Social security tools. Social insurance.
8. Spatial aspects of public finances, fiscal federalism, fiscal decentralization
9. State economic policy. Short-term and long-term lost of fiscal balance.
10. Budgetary process in the Czech Republic.

Work placements

Not applicable.

Aims

Student will obtain elementary overwiev about public financing problem and about systém of public financing in Czech Republic. The aim of subject is to refer to financial structure within the scope of public sector and their incidence to economy of the state entire.

Specification of controlled education, way of implementation and compensation for absences

Extent and forms are specified by guarantor’s regulation updated for every academic year.

Recommended optional programme components

Not applicable.

Prerequisites and corequisites

Not applicable.

Basic literature

MUSGRAVE, Richard, Abel: Public Finance in Theory and Practice. McGraw-Hill Companies, 1989. ISBN 0070441278. (EN)
HAMERNÍKOVÁ, Bojka a MAAYTOVÁ, Alena a kolektiv: Veřejné finance. Wolters Kluwer, 2010. ISBN 978-80-7357-497-0. (CS)

Recommended reading

Musgrave, R., Musgrave, P.: Veřejné finance v teorii a praxi. Management Press, Praha, 1994. ISBN 80-85603-76-4. (CS)
PEKOVÁ, Jitka, PILNÝ, Jaroslav a JETMAR, Marek: Veřejná správa a finance veřejného sektoru. ASPI, 2008. ISBN 978-80-7357-351. (CS)
MOETI, Kabelo: Public finance fundamentals. Juta and Co., 2008. ISBN 9780-7021-7294-6. (EN)

Classification of course in study plans

  • Programme N-K-C-SI Master's

    branch E , 2. year of study, winter semester, elective

  • Programme N-P-C-SI Master's

    branch E , 2. year of study, winter semester, elective

  • Programme N-P-E-SI Master's

    branch E , 2. year of study, winter semester, elective

Type of course unit

 

Lecture

26 hours, optionally

Teacher / Lecturer

prof. Ing. Koloman Ivanička, Ph.D.

Syllabus

1. Public finances – basic terms and links.
2. Economical analysis of public estates, their characteristics and typology.
3. Public choice and its consequence for public finance sphere. Basic rules of public choice.
4. Public expenditures, public projects and public expenditure programs. Macro and microeconomic aspects and impacts of public expenditures. Factors, which affects size, structure and dynamic of public expenditures.
5. Public revenues, classification of public revenues and other tax classifications. Public charges.
6. Tax theory introduction. Tax principles, tax justice, efficiency of taxes, tax transfer and impact.
7. Social security and causes of its formation. Social security tools. Social insurance.
8. Spatial aspects of public finances, fiscal federalism, fiscal decentralization
9. State economic policy. Short-term and long-term lost of fiscal balance.
10. Budgetary process in the Czech Republic.

Exercise

26 hours, compulsory

Teacher / Lecturer

prof. Ing. Koloman Ivanička, Ph.D.

Syllabus

1. Introduction, introduction to the topics of the course, defining the terms of credit.
2. Public expenditures, fiscal illusion of population.
3. Public goods and their classification.
4. Public choice, basic criteria.
5. Public choice, electoral systems.
6. Economic systems - presentation of seminar works
7. Tax theory - presentation of seminar works
8. Social security - presentation of seminar works
9. State social support - presentation of seminar works
10. Credit