Course: Public Finance II

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Course title Public Finance II
Course code UEV/PVFI2
Organizational form of instruction Lecture + Tutorial
Level of course Master
Year of study 1
Semester Winter
Number of ECTS credits 4
Language of instruction Czech
Status of course Optional
Form of instruction Face-to-face
Work placements This is not an internship
Recommended optional programme components None
Lecturer(s)
  • Sobotka Martin, Ing. Ph.D.
  • Provazníková Romana, doc. 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)
  • unspecified - 40 hours per semester
  • unspecified - 20 hours per semester
  • unspecified - 40 hours per semester
Learning outcomes
The aim of the course is to deepened basic knowledge of public finance from theoretical and practical point of view. In theoretical part course introduces various theories and theoretical approaches to the public finance, modern approaches to budgeting, introduces problems of fiscal sustainability and macroeconomics relationships of public finance. In practical part it is focused on practical problems of public finance in 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/PMAK1 - Macroeconomics I UE/PMAK2 - Macroeconomics II UE/PVFI1 - 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
  • BAILEY, S., J. Strategic Public Finance. Palgarve, 2004.
  • BUCHANAN, J.M. Veřejné finance v demokratickém systému. Brno: Computer Press. 1998.
  • DVOŘÁK, P. Veřejné finance, fiskální nerovnováha a finanční krize. Praha: C. H. Beck, 2008.
  • HAMERNÍKOVÁ, B. - KUBÁTOVÁ, K. VEŘEJNÉ FINANCE, PRAHA EUROLEX BOHEMIA, 1999,. ISBN 8090275214.
  • HAMERNÍKOVÁ, B., MAAYTOVÁ, A., a kol. Veřejné finance. Praha: ASPI, 2007.
  • Kohout Pavel. Finance po krizi. Praha, 2011. ISBN 978-80-247-4019-2.
  • MEDVEĎ, J., NEMEC, J., ORVISKÁ, M. a kol. Verejné financie. Bratislava: SPRINT vfra, 2005.
  • MUSGRAVE, R.A., MUSGRAVE P. B. Veřejné finance v teorii a praxi. Praha: Management Press, 1994.
  • Ochrana, F.,Pavel.J, Vítek, L. Veřejný sektor a veřejné finance-Financování podnikatelských a nepodnikatelských aktivit.. Praha, 2010.


Study plans that include the course
Faculty Study plan (Version) Category of Branch/Specialization Recommended year of study Recommended semester
Faculty: Faculty of Economics and Administration Study plan (Version): Insurance Engineering (2014) Category: Economy 1 Recommended year of study:1, Recommended semester: Winter
Faculty: Faculty of Economics and Administration Study plan (Version): Insurance Engineering (2014) Category: Economy 1 Recommended year of study:1, Recommended semester: Winter
Faculty: Faculty of Economics and Administration Study plan (Version): Economics of Public Sector (2016) Category: Economy 1 Recommended year of study:1, Recommended semester: Winter
Faculty: Faculty of Economics and Administration Study plan (Version): Economics of Public Sector (2013) Category: Economy 1 Recommended year of study:1, Recommended semester: Winter
Faculty: Faculty of Economics and Administration Study plan (Version): Economics of Public Sector (2014) Category: Economy 1 Recommended year of study:1, Recommended semester: Winter