Course syllabus EKVSA - Public Sector Economy in English (FRDIS - WS 2019/2020)


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Course code: EKVSA
Course title in language of instruction: Public Sector Economy in English
Course title in Czech: Public Sector Economy in English
Course title in English: Public Sector Economy in English
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 (hours of lectures per week / hours of seminars per week)
Language of instruction: English
Level of course: bachelor
Semester: WS 2019/2020
Name of lecturer: Ing. Milan Damborský, Ph.D. (examiner, instructor, lecturer, supervisor, tutor)
Ing. Michal Ševčík (examiner, instructor, lecturer, tutor)
Prerequisites: not Public Sector Economy and (Microeconomics in English or State Bachelor Exam or Microeconomics)
 
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 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

 
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: -
 
Learning activities and study load (hours of study load):
Type of teaching methodDaily attendance
Direct teaching
     lecture28 h
     consultation6 h
     project work28 h
     public presentation (oral)2 h
Self-study
     preparation for exam80 h
     preparation of presentation24 h
Total168 h
 
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.
 
Recommended reading:
TypeAuthorTitlePublished inPublisherYearISBN
RQA course in public economicsCambridge, UKCambridge University Press20040-521-82877-5
RQSTIGLITZ, J E.Economics of the public sectorNew YorkW. W. Norton20000-393-96651-8
REAUERBACH, A J. -- FELDSTEIN, M S.Handbook of public economics.AmsterdamElsevier20070-444-87667-7

RQrequired
RErecommended


Last modification made by Bc. Vít Karber on 05/14/2019.

Type of output: