Course syllabus RRVEF - Public Finance (FRDIS - WS 2020/2021)Help

     Czech          English          

Course code:
Course title in Czech:
Public Finance
Course title in English:
Public Finance
Semester: WS 2020/2021
Mode of completion and number of credits:
Exam (5 credits)
Mode of delivery and timetabled classes:
full-time, 2/2 (hours of lectures per week / hours of seminars per week)
part-time, 16/0 (lectures per period / seminars per period)
Level of course:
Course type:
Type of delivery:
usual, consulting
Mode of delivery for our mobility students abroad:
-- item not defined --
Language of instruction: Czech
Course supervisor:
Course supervising department:
Ing. Milan Damborský, Ph.D. (supervisor)
Ing. Michal Ševčík (examiner, instructor, lecturer)
Timetable in this semester:
Z8 (ČP II.)Lecture
Every week
Z8 (ČP II.)
M. Ševčík
Every week
Aim of the course and learning outcomes:
The aim of the course is to acquaint students with the basic issues of the discipline of public finance, by setting it in the environment of the Czech economy. The lectures will address the reasons for the state apparatus intervening in the economy and what tools it seeks to achieve greater efficiency of the economy and justice in the distribution of product among citizens. This introductory theoretical explanation will be supplemented by the theory of public choice, explaining the behavior of economic actors (voters, politicians, bureaucrats or interest groups) in the electoral and administrative process. These theoretically focused topics are then followed by a series of lectures dealing with the budget system of the Czech Republic, its division, composition and also the budget procedure. Attention will then be focused on both sides of public budgets - public revenues and expenditures with emphasis on tax theory (how taxes affect economic actors, what is the tax mix in the Czech Republic) and the issue of public spending, its development and evaluation of effectiveness. In relation to the study programme, the issue of local government finances will also be discussed, since local government budgets can serve as an important tool for regional development. In the current debate on the setting up of pension systems, it is necessary to mention the current state and possibilities of the reform of the financing of social security and health care. This topic together with another lecture devoted to the financing of selected branches of public administration (transport, internal and external security etc.) provide a complete insight into the organizational and financial relations of individual bodies within the public administration of the Czech Republic. The remaining range of topics will focus more on macroeconomic aspects, namely the government's fiscal policy, its implications and effectiveness. This policy can significantly affect the amount of public debt, which is another of the topics discussed. The whole cycle of topics is then concluded by a lecture devoted to the international aspects of public finance, the EU budget and the financing of other international organizations, such as the V4, OECD, the UN, etc.

Seminars within the course serve to consolidate and deepen knowledge from lectures. The content of the seminars will consist of various types of activities, such as analysis and discussion of the assigned professional literature or discussion of current issues in some areas of public finance in mixed economies of the 21st century. For a closer understanding of the discussed issues of taxes, students will get acquainted with the procedures for calculating individual taxes according to the relevant legislation of the Czech Republic, which they will try to apply. They will also get acquainted with the methods of cost-benefit analysis, which are a common evaluation tool in the case of projects funded by national and EU sources. Some of the topics discussed will be illustrated by the so-called economic games (in the field of game theory and behavioral economics), in which students will participate in the exercises themselves. Last but not least, the exercises will offer valuable information to those looking for data and other online information sources in the field of public finance.
Course content:
1.Public sector, public finance (allowance 3/1)
Public goods and externalities (allowance 6/1)
Public choice theory (allowance 3/0)
4.Public budget system (allowance 6/0)
Central budget in the Czech Republic (allowance 6/0)
6.Bugeting process and local government (allowance 3/4)
Fiscal Policy (allowance 3/4)
Public deficit (allowance 3/4)
Gross government debt (allowance 3/0)
Fiscal federalism (allowance 6/0)
Learning activities and teaching methods:
Type of teaching method
Daily attendanceCombined form
lecture28 h
28 h
practice28 h
0 h
2 h
28 h
preparation for exam30 h54 h
preparation for regular assessment
22 h
0 h
writing of seminar paper
30 h
30 h
140 h
140 h
Assessment methods:
The student will receive a credit for 80% participation in compulsory seminars and for obtaining 60% of points from activities that will take place during the semester at seminars or as part of the student's independent work.

The exam is oral and focuses EXCLUSIVELY on the topics of lectures and literature on public finance. The student randomly draws 2 topics, which are subsequently discussed with the examiner. Examination topics will be entered into the information system in a timely manner and brought to the attention of students.

Assessment criteria ratio:
Requirement type
Daily attendance
Combined form
0 %
0 %
Recomended reading and other learning resources:
HAMERNÍKOVÁ, B. -- MAAYTOVÁ, A. et al. Veřejné finance. 3rd ed. Praha: ASPI, 2007. 364 p. ISBN 978-80-7357-301-0.
PEKOVÁ, J. Veřejné finance: úvod do problematiky. 4th ed. Praha: ASPI, 2008. 579 p. ISBN 978-80-7357-358-4.
PROVAZNÍKOVÁ, R. Financování měst, obcí a regionů: teorie a praxe. 3rd ed. Grada Publishing, 2015. 280 p. Finance. ISBN 978-80-247-5608-0.

JACKSON, P M. -- BROWN, C V. Ekonomie veřejného sektoru. 1st ed. Praha: Eurolex Bohemia, 2003. 733 p. Ekonomie. ISBN 80-86432-09-2.
KÖNIG, P. et al. Rozpočet a politiky Evropské unie. Příležitost pro změnu. 2nd ed. Praha: C. H. Beck, 2009. 630 p. ISBN 978-80-7400-011-9.
PEKOVÁ, J. Hospodaření a finance územní samosprávy. 1st ed. Praha: Management Press, 2004. 375 p. ISBN 80-7261-086-4.

Course listed in study plans for this semester:
-- item not defined --
Course listed in previous semesters:
Teaching place:

Last modification made by Bc. Vít Karber on 07/10/2020.

Type of output: