Course: Public Finance II

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Course title Public Finance II
Course code UEV/EVFI2
Organizational form of instruction Lecture + Seminar
Level of course Master
Year of study not specified
Semester Winter
Number of ECTS credits 5
Language of instruction English
Status of course Compulsory
Form of instruction Face-to-face
Work placements This is not an internship
Recommended optional programme components None
Course availability The course is available to visiting students
Lecturer(s)
  • Gyamfi Solomon, Ing. Ph.D.
Course content
Theoretical and methodological approaches to the public finance. Methods of measurement, indicators of extension and size of public finance. Fiscal sustainability and reasons of growth of public finance. Efectivness of public expenditures and methods of its evaluating. Public revenues and possibilities of their increasing. Public finance and macroeconomics equilibrium. Public deficit and public debt. Selected issues of budgetary and fiscal policy of EU. Public finance in Czech Republic, actual state and problems, the public finance reform.

Learning activities and teaching methods
Monologic (reading, lecture, briefing), Dialogic (discussion, interview, brainstorming), Work with text (with textbook, with book)
  • Preparation for an exam - 40 hours per semester
  • Preparation of a presentation (report) - 20 hours per semester
  • Preparation for a credit (assessment) - 40 hours per semester
Learning outcomes
The aim of the course is to deepen the basic knowledge of public finance in theoretical and practical terms. In the theoretical area, it introduces different approaches to public finance, problems of fiscal sustainability and the macroeconomic context of public finance. In the practical part, it focuses on current public finance issues in the EU and the Czech Republic.
Students will be able to use acquired theoretical knowledge in the economic sphere as well as in further study of the follow-up Bachelor and Master courses.
Prerequisites
UE/EMAK1 - Macroeconomics I UE/EVFI1 - Public finance I

Assessment methods and criteria
Oral examination, Written examination, Home assignment evaluation

The assignment is granted upon completion of the following conditions: active attendance at seminars,completion and presentation of the seminar paper and succesfull passing of assigment test. The examination is written.
Recommended literature
  • Fisher, R. C. (2016). State and local public finance. 5th edition, Routledge, New York, USA. New York. 2023.
  • Gruber, J. (2019). Public finance and public policy. 6th edition,Worth Publishers,New York. New York. 2019.
  • Hyman, D. N. (2011). Public Finance: A Contemporary Application of Theory to Policy. 10th edition, South-Western, Cengage Learning, Ohio, USA. Ohio. 2011.
  • Tresch, R. W. (2015). Public finance: A normative theory. 3rd edition, Academic Press, London, UK. London. 2015.


Study plans that include the course
Faculty Study plan (Version) Category of Branch/Specialization Recommended year of study Recommended semester