Course syllabus VF - Public Finance (FBE - WS 2013/2014)

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Course code: VF
Course title in language of instruction: Veřejné finance
Course title in Czech: Public Finance
Course title in English: Public Finance
Mode of completion and number of credits: Exam (4 credits)
(1 ECTS credit = 28 hours of workload)
Mode of delivery/Timetabled classes: full-time, 2/1 (hours of lectures per week / hours of seminars per week)
part-time, 16/0 (lectures per period / seminars per period)
Language of instruction: Czech
Level of course: bachelor
Semester: WS 2013/2014
Name of lecturer: doc. Ing. Svatopluk Kapounek, Ph.D. (examiner, instructor, lecturer, tutor)
Ing. Klára Plecitá (examiner, instructor, lecturer, tutor)
Ing. Zuzana Richterková, Ph.D. (examiner, instructor, lecturer, supervisor, tutor)
Prerequisites: Macroeconomics I and Financial Markets
Aims of the course:
The aim of the module is to acquaint students with reasons of government interventions in economy and with principles of functioning of pulic finance in connection with access of candidate countries to European Union (European Monetary Union).
Attention is also paid to analyse of public budget system with regards to needful public finance reform in EU and in the Czech Republic (including possibilities of social security and health insurance reform). Part of the course is devoted to basic characteristic of fiscal federalism, fiscal policy and to fulfilment of fiscal convergence criteria.
Course contents:
1.Public sector, public finance (allowance 6/0)
b.public goods

2.Public choice theory (allowance 2/0)
3.Public budget system (allowance 4/2)
a.State budget
b.Regional budget and municipality budget
c.Public budgets

4.Fiscal policy and budgetary policy (allowance 2/2)
5.Fiscal imbalance (allowance 4/2)
a.Fiscal deficit
b.public debt

6.Fiscal federalism (allowance 2/0)
7.International aspects of public finance (allowance 4/2)
a.EC budget
b.Economic and Monetary Union

8.Public finance reform (allowance 4/2)
a.Perspective of public finance reform in the EU
b.Perspective of public finance reform in the Czech Republic

Learning outcomes and competences:
Generic competences:
-ability to analyse and synthesize
-ability to apply knowledge
-ability to work independently

Specific competences:
-Ability of interpreting influence economic events on field of public finance.
-ability to suggest the measures of economic policy and to identify their impacts
-Knowledge in public budgets
-Student si able to deduce impact of selected instruments of economic policy into practice
-The abitility of public finance evaluation and its impact on the economy

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 attendanceCombined form
Direct teaching
     lecture24 h0 h
     practice12 h0 h
     consultation10 h16 h
     preparation for exam36 h96 h
     preparation for regular assessment15 h0 h
     preparation for regular testing15 h0 h
Total112 h112 h
Assessment methods:
The Credit is necessary to be able to apply for exams. Min. 60 % from two written tests (Credit) is required.
Two test during the semester are as follows:
- credit test -- the test themed on the topics, which are discussed during the seminars
- mid-term -- the test themed on the topics discussed during the first half of the semester.
Credit is compulsory for final exam participation. Participation on test is compulsory.
The final exam is oral. The points (Credit-points) are part of the evaluation -- final mark.
Recommended reading:
TypeAuthorTitlePublished inPublisherYearISBN
RQJÍLEK, M.Fiskální decentralizace, teorie a empiriePrahaASPI2008978-80-7357-355-3
RQDVOŘÁK, P.Veřejné finance, fiskální nerovnováha a finanční krizeV PrazeC.H. Beck2008978-80-7400-075-1
RQHAMERNÍKOVÁ, B. -- MAAYTOVÁ, A. et al.Veřejné finance978-80-7357-497-0
REROSEN, H S. -- GAYER, T.Public financeBoston, MAMcGraw-Hill/Higher Education2010978-007-351135-1
REMUSGRAVE, R A. -- MUSGRAVE, P B. et al.Veřejné finance v teorii a praxiPrahaManagement Press199480-85603-76-4


Last modification made by Ing. Marcel Ševela, Ph.D. on 06/24/2013.

Type of output: