Study programmes / C-RD Regional Development / Public Sector Economy
Course code:EKVS
Course title in language of instruction:Ekonomie veřejného sektoru
Course title in Czech:Ekonomie veřejného sektoru
Course title in English:Public Sector Economy
Mode of completion and number of credits:Exam (6 credits)
(1 ECTS credit = 28 hours of workload)
Mode of delivery/Timetabled classes:full-time, 3/1; part-time, 20/0
(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; master
Semester:WS 2018/2019 - FRDIS
Name of lecturer:Ing. Milan Damborský, Ph.D. (examiner, instructor, lecturer, supervisor)
Ing. Michal Ševčík (examiner, instructor, lecturer)
Prerequisites:not Public Sector Economy in English and (Microeconomics or State Bachelor Exam or Microeconomics in English)
 
Aims of the course:The course is focused on basic questions and problems connected with existence, working and financing of the public sector in conditions of mixed economics. Strong impact is put on understanding of reasons for the state interventions and the ability to analyze their impacts, no matter if they are in form of regulation or planning. Significant part of the course content is formed by problem of public choice and public sector financing.
Course contents:
1.Introduction to economy of public sector (allowance 2/0)
 
a.Private and public sector -- determination
b.Public interest, public choice, public finance

2.Market failures and state interventions (allowance 10/6)
 
a.Externalities, public goods, asymmetric information
b.State interventions -- searching for optimal public-private mix
c.Internalization, regulation, privatization and competition

3.Public choice (allowance 4/6)
 
a.Democracy and efficient allocation of resources
b.Relationship of justice and efficiency

4.Public expenditures (allowance 8/6)
 
a.Inequality in incomes and their measurement
b.Impacts and tools of mitigation of income disparity -- social security, financing of health and education sector
c.Optimalization and improvement of efficiency of public expenditures -- analysis of costs and utility

5.Public incomes (allowance 4/6)
 
a.Introduction to the tax theory and policy
b.Tax effects -- impact of taxes
c.Tax systems, economic and legislative views of their building

Learning outcomes and competences:
Generic competences:
 
-ability to apply knowledge
-ability to create new ideas (creativity)
-ability to solve problems
-capacity to adapt to new situations
-skilled at utilizing and processing information

Specific competences:
 
-Ability to apply macroeconomic analysis tools in managerial decision-making
-Ability to economically argue government intervention in the marketplace.
-Ability to identify the crucial factors in public sector development

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 written exam, where the student proves systematic knowledge from public sector theory in the scope of this course. The written exam consists of two parts. First part of the exam covers cross-sectionally content of the whole course. This part is in form of test and its result has 20% weight in the final evaluation of the student. In the frame of the second part of the written exam, the student will elaborate answer to two given topics from predefined exam fields. This second part has the weight of 60 % in the final score of the student. The remaining 20 % of the student's evaluation is formed by the semester project, which will be completed by the student within the seminars. Handing over and the defence of the seminar project sets the condition for granting the credit.
 
Learning activities and study load (hours of study load)
Type of teaching methodDaily attendanceCombined form
Direct teaching
     lecture28 h20 h
     consultation6 h0 h
     project work28 h0 h
     public presentation (oral)2 h0 h
Self-study
     preparation for exam80 h90 h
     preparation of presentation0 h18 h
     elaboration and execution of projects24 h40 h
Total168 h168 h

Basic reading list
  • STIGLITZ, J E. Ekonomie veřejného sektoru. 1st ed. Praha: Grada Publishing, 1997. 661 p. ISBN 80-7169-454-1.
  • JACKSON, P M. -- BROWN, C V. Ekonomie veřejného sektoru. 1st ed. Praha: Eurolex Bohemia, 2003. 733 p. Ekonomie. ISBN 80-86432-09-2.
  • A course in public economics. Cambridge, UK: Cambridge University Press, 2004. 413 p. ISBN 0-521-82877-5.
  • 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.