Course syllabus STI - State Interference and Business (FRDIS - WS 2014/2015)


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Course code: STI
Course title in Czech:
State Interference and Business
Course title in English:
State Interference and Business
Semester: WS 2014/2015
Mode of completion and number of credits:
Exam (4 credits)
Mode of delivery and timetabled classes: full-time, 3/0 (hours of lectures per week / hours of seminars per week)
Level of course:
master; master continuing
Course type:
required
Type of delivery:
usual, consulting
Mode of delivery for our mobility students abroad:
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Language of instruction: Czech
Course supervisor: prof. Dr. Ing. Libor Grega
Course supervising department: Department of Regional and Business Economics (FRDIS)
Faculty: Faculty of Regional Development and International Studies
Teachers:
doc. Ing. Ivana Blažková, Ph.D. (examiner, instructor, lecturer, tutor)
prof. Dr. Ing. Libor Grega (supervisor)
Prerequisites:
 
Timetable in this semester:
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Aim of the course and learning outcomes:
The objective of the course is explain economic justification of state ingerences, determine market failures, character of state interventions in industries with market power and in international trade, to determine taxes and public expenditures as a form of state intervention, to determine policies for support of competitiveness in the markets and government failures.
 
Course content:
1.Welfare economics (allowance 3/2)
 
a.
Neoclassical approach
b.
New welfare economics

2.
Market failures (allowance 2/0)
 
a.
Excessive market power
b.
Externalities
c.
Public goods
d.
Inequality

3.Typology of state interventions (allowance 2/2)
4.Regulation in industries with market power (allowance 5/4)
 
a.Price regulation
b.
Non-price regulation

5.
State ingerence in international trade (allowance 5/4)
 
a.
Tariff and non-tariff barriers of trade
b.
Export support
c.Support of underdeveloped industries

6.Taxes as a form of state ingerence (allowance 3/4)
 
a.
Theory of taxation
b.
Impact and transfer of taxes

7.
Public expenditures as a form of state ingerence (allowance 2/2)
8.Government and firms (allowance 2/4)
 
a.
State supported goods
b.Support of entrepreneurship
c.
Privatization versus state ownership
d.
Support of innovations

9.
Government policies for support of competitiveness of market environment (allowance 2/4)
 
a.
Alternative concepts of restriction of excessive market power
b.
EU policy
c.CR policy

10.
Externalities (allowance 2/0)
 
a.Positive and negative externalities
b.Environmental standard, penalties and taxes
c.
Tradeable permits to pollute

11.
Government failures (allowance 1/2)
Learning activities and teaching methods:
Type of teaching method
Daily attendance
lecture
28 h
seminar
14 h
preparation for exam
40 h
preparation for regular testing
10 h
writing of seminar paper20 h
Total
112 h
 
Assessment methods:
individual seminar work :20% of total evaluation
mid-term written test :20% of total evaluation
final exam (combined) :60% of total evaluation
 
Assessment criteria ratio:
Requirement type
Daily attendance
Total
0 %
 
Recomended reading and other learning resources:
Basic:
FERGUSON, P R. -- FERGUSON, G J. Business Economics : The Application of Economic Theory. 1st ed. London: The Macmillan Press, 1993. 15 p. ISBN 0-333-54247-9.
GREGA, L. Ekonomická opodstatněnost podpory zemědělství. Brno: Mendelova zemědělská a lesnická univerzita v Brně, Provozně ekonomická fakulta, 2005. 50 p. ISBN 80-7157-829-0.
JOHANSSON, P. An introduction to modern welfare economics. Cambridge: Cambridge University Press, 1991. 176 p. ISBN 0-521-35616-4.
KAHN, A E. The economics of regulation : principles and institutions. Cambridge, Mass.: MIT Press, 1988. 199 p. ISBN 0-262-61052-3.
MANKIW, N G. Zásady ekonomie. 1st ed. Praha: Grada Publishing, 2000. 763 p. ISBN 80-7169-891-1.
ROTHBARD, M N. Ekonomie státních zásahů. Praha: Liberální institut, 2005. 443 p.
SOJKA, M. Dějiny ekonomických teorií. 1st ed. Praha: Havlíček Brain Team, 2010. 541 p. ISBN 978-80-87109-21-2.
The economics of taxation. Cambridge, Mass.: MIT Press, 226 p. ISBN 0-262-19486-4.
The microeconomics of market failures. Cambridge: MIT Press, 224 p. ISBN 0-262-19443-0.

Course listed in study plans for this semester:
Track PO Business, full-time form, initial period WS 2013/2014
 
Course listed in previous semesters:
WS 2020/2021, WS 2019/2020, SS 2018/2019, WS 2018/2019, WS 2017/2018, WS 2016/2017 (and older)
Teaching place:
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Last modification made by Bc. Vít Karber on 01/06/2015.

Type of output: