Study programmes / B-EPA Economic policy and administration / Public Finance
Course code:VF
Course title in language of instruction:Veřejné finance
Course title in Czech:Veřejné finance
Course title in English:Public Finance
Mode of completion and number of credits:Exam (4 credits)
(1 ECTS credit = 28 hours of workload)
Mode of delivery/Timetabled classes:full-time, 2/1; part-time, 16/0
(full-time, hours of lectures per week / hours of seminars per week; part-time, lectures per period / seminars per period)
Language of instruction:Czech
Level of course:bachelor
Semester:WS 2020/2021 - FBE
Name of lecturer:Ing. Soňa Kukučková, Ph.D. (supervisor)
Prerequisites:Macroeconomics I
 
Aims of the course:The main objective of the course is to understand the meaning and main issues of public finance, which is related to each individual in a democratic society. To achieve this, the student is acquainted with the reasons for the existence of state intervention and especially with a detailed interpretation of the issue of public budgets (including social security and pension system). The emphasis is placed on public finance in the Czech Republic.
Course contents:
1.The reasons for state intervention in the economy (allowance 6/4)
 
a.Market failure
b.Public goods
c.Externalities

2.Public budget system (allowance 6/2)
 
a.Public budgets
b.Public revenues and expeditures

3.Fiscal imbalance (allowance 6/2)
 
a.Fiscal deficit
b.Public debt
c.Fiscal rules
d.Fiscal illusion

4.Fiscal federalism (allowance 2/0)
5.Social security (allowance 8/4)
 
a.Theory of social insurance
b.I. pillar of social security
c.II. pillar of social security
d.III. pillar of social security

Learning outcomes and competences:
Generic competences:
 
-ability to analyse and synthesize
-ability to apply knowledge
-ability to work independently

Specific competences:
 
-Ability of interpreting influence economic events on field of public finance.
-ability to suggest the measures of economic policy and to identify their impacts
-Knowledge in public budgets
-Student si able to deduce impact of selected instruments of economic policy into practice
-The abitility of public finance evaluation and its impact on the economy

Type of course unit:required
Year of study:Not applicable - the subject could be chosen at anytime during the course of the programme.
Work placement:There is no compulsory work placement in the course unit.
Recommended study modules:none
Assessment methods:The course is finished by electronically written exam, which includes the credit.
The condition for obtaining the credit is to reach min. 50% of the points from the fixed maximum. The condition for the successful passing the course is to achieve min. 60% of the points from the fixed maximum.
Students have the opportunity to get extra points from the active work in seminars, which are included in the total assessment.
 
Learning activities and study load (hours of study load)
Type of teaching methodDaily attendanceCombined form
Direct teaching
     lecture24 h0 h
     practice12 h0 h
     consultation10 h16 h
Self-study
     preparation for exam36 h96 h
     preparation for regular assessment15 h0 h
     preparation for regular testing15 h0 h
Total112 h112 h

Basic reading list
  • PEKOVÁ, J. Veřejné finance – teorie a praxe v ČR. Praha: Wolters Kluwer, 2012. 644 p. ISBN 978-80-7357-698-1.
Recommended reading list
  • GRUBER, J. Public Finance and Public Policy. 4th ed. New York: Worth Publishers, 2013. ISBN 978-1-4292-7845-4.
  • ROSEN, H S. -- GAYER, T. Public finance. 9th ed. Boston, MA: McGraw-Hill/Higher Education, 2010. 595 p. The McGraw-Hill series economics. ISBN 978-007-351135-1.
  • JÍLEK, M. Fiskální decentralizace, teorie a empirie. 1st ed. Praha: ASPI, 2008. 426 p. ISBN 978-80-7357-355-3.
  • MUSGRAVE, R A. -- MUSGRAVE, P B. et al. Veřejné finance v teorii a praxi. 1st ed. Praha: Management Press, 1994. 581 p. ISBN 80-85603-76-4.