Course syllabus EKVS - Public Sector Economy (FRDIS - WS 2019/2020)

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Course title: Public Sector Economy
Semester: WS 2019/2020
Course supervisor: Ing. Milan Damborský, 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)
part-time, 20/0 (lectures per period / seminars per period)
Prerequisites for registration: not Public Sector Economy in English and (Microeconomics or State Bachelor Exam or Microeconomics in English)
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 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

Teaching methods and workload (hours of workload):
Type of teaching methodDaily attendanceCombined form
Direct teaching
     lecture26 h18 h
     practice26 h0 h
     consultation6 h0 h
     public presentation (oral)2 h0 h
     preparation for exam80 h90 h
     preparation of presentation0 h16 h
     elaboration and execution of projects24 h40 h
Total164 h164 h
Key words:
Course completion:
Credit (yes/no): min. 8 tests over 60%.

Final evaluation (max. 100 points):
30 points tests - 6 best tests (0 to 5 points per test).
70 points oral exam - students draw two questions from pre-prepared questions.

Then the student answers the questions independently. Examiners ask supplementary questions.

Minimum for passing is 60 points.
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:
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.

Study plans:
C-RD-SEDR Socioeconomic and environmental development of regions, full-time form, initial academic year SS 2018/2019
C-RD-SEDR Socioeconomic and environmental development of regions, full-time form, initial academic year WS 2019/2020
Run in the period of: WS 2020/2021, WS 2018/2019, SS 2017/2018, WS 2017/2018, SS 2016/2017, WS 2016/2017   (and older)
Course tutor: Ing. Milan Damborský, Ph.D. (examiner, instructor, lecturer, supervisor, tutor)
Ing. Michal Ševčík (examiner, instructor, lecturer, tutor)
Teaching language: Czech
Town: -- item not defined --

Last modification made by Bc. Vít Karber on 10/07/2019.

Type of output: