Course syllabus EKVSA - Public Sector Economy in English (FRDIS - WS 2017/2018)

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Course title: Public Sector Economy in English
Semester: WS 2017/2018
Course supervisor: Ing. Michelle Dorée, Ph.D.
Supervising department: Department of Regional Development (FRDIS)
Time allowance: full-time, 3/1 (hours of lectures per week / hours of seminars per week)
Prerequisites for registration: not Public Sector Economy and (Microeconomics in English or State Bachelor Exam or Microeconomics)
Type of study: usual, consulting
Form of teaching: lecture, seminar
Mode of completion and credits: Exam (6 credits)
Course objective:
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 content:
1.Introduction into public economy (allowance 2/0)
a.Private and public sector
b.Public interest, public choice, public finance

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

3.Public choice (allowance 4/6)
a.Democracy and efficiency of resource allocation
b.Justice and efficiency

4.Public expenditures (allowance 8/6)
a.Inequality in incomes and its measurement
b.Impact and instruments of reducing of income disparity - social security, financing of health care and education
c.Optimalisation and effeciency of public expenditures - cost benefit analysis

5.Public income (allowance 4/6)
a.Introduction into tax theory na policy
b.Tax effects - tax impact
c.Tax systems, economic and legislative aspects of construction of these systems

Teaching methods and workload (hours of workload):
Type of teaching methodDaily attendance
Direct teaching
     lecture28 h
     consultation6 h
     project work28 h
     public presentation (oral)2 h
     preparation for exam80 h
     preparation of presentation24 h
Total168 h
Key words:
Course completion:
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.
Course methods: The course is divided into lectures and seminars. The lectures are focused on clarification of theoretical base of existence, working and financing of the public sector. In the seminars, students will elaborate semester work, where they apply acquired knowledge from economic theory of public sector. These students' works are oriented toward creation, respectively to evaluation of the projects from the area of public sector.
Reading list:
A course in public economics. Cambridge, UK: Cambridge University Press, 2004. 413 p. ISBN 0-521-82877-5.
STIGLITZ, J E. Economics of the public sector. 3rd ed. New York: W. W. Norton, 2000. 823 p. ISBN 0-393-96651-8.

AUERBACH, A J. -- FELDSTEIN, M S. Handbook of public economics. Amsterdam: Elsevier, 2007. 484 p. Handbooks in economics. ISBN 0-444-87667-7.

Study plans:
Field of study C-RDE-SEDRE Socioeconomic and Environmental Development of Regions, full-time form, initial period SS 2016/2017
Field of study C-RDE-SEDRE Socioeconomic and Environmental Development of Regions, full-time form, initial period WS 2017/2018
Run in the period of: WS 2020/2021, WS 2019/2020, WS 2018/2019, WS 2016/2017, SS 2015/2016, WS 2015/2016 (and older)
Course tutor: Ing. Michelle Dorée, Ph.D. (examiner, instructor, lecturer, supervisor)
Teaching language: English
Town: -- item not defined --

Last modification made by Bc. Vít Karber on 05/19/2017.

Type of output: