Course: Public Finance in the European Union

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Course title Public Finance in the European Union
Course code KAE/91AVF
Organizational form of instruction Seminary
Level of course Doctoral
Year of study not specified
Semester Winter and summer
Number of ECTS credits 10
Language of instruction Czech
Status of course Compulsory
Form of instruction Face-to-face
Work placements This is not an internship
Recommended optional programme components None
Lecturer(s)
  • Pospíšil Richard, prof. Ing. Ph.D.
Course content
1. Public economy, definition of terms, relationship between the public economy and private market players 2. The division of the public sector - state administration and self-government, function of the public sector 3. Public goods - characteristics, financing, characteristics 4. Mixed goods, freeholds and property under protection 5. Types of public budgets and budgetary system of the Czech Republic 6. The State Budget of the Czech Republic 7. Budgets of territorial self-governing units 8. Tax determination of taxes 9. Budgetary policies, deficit, debt and financing of public budgets 10. The long-term sustainability of public finances in the Czech Republic 11. Public budgets in the EU and in the world - status, development and potential risks 12. Summary, repetition, conclusion

Learning activities and teaching methods
Monologic Lecture(Interpretation, Training), Dialogic Lecture (Discussion, Dialog, Brainstorming), Work with Text (with Book, Textbook), Methods of Written Work
  • Attendace - 25 hours per semester
  • Semestral Work - 25 hours per semester
  • Preparation for the Exam - 25 hours per semester
Learning outcomes
The main objective of the course is to familiarize student with the functions and mission of public economy and its role in the national economy and national finances. Emphasis is placed on the financing of public goods, the redistributive function in the economy and the main role and proposition of budgetary functions. The premium focus is on the category of EU budget, its revenues, expences, bilance and development. Student well understands also category of the state budget, its purpose, structure and development. Student is familiar with the types of public budgets, their income and expenses as well as the latest trends in public finances and the main theses and objectives of fiscal reform. The separate part is dedicated both to the principle of long term sustainability of public budgets within the Czech Republic and in EU countries.
Student is well versed in issues of public economy and public budgets and its role and function in the scheme of national economy and in international trade. Student understands the reasons behind the creation of public budgets and financing of public goods and apprehends the allocation, distribution, stabilization, stimulation and control functions it performs. Student is familiar with the categories of state budget and with other types of public budgets and their income and expenses. Is able to analyze the reasons and necessity for reform of public finances and its basis theses and solution. Student also understands the main differences between national budgets and EU budget, its use and financing. Also understands the priority of long term sustainability of public budgets and is able to frame it into the scheme of national industry. Student can properly analyze Multiannula financial Framework of EU and its importance and role for national economy.
Prerequisites
The lessons don´t start at the elemanetary level. The prerequisite for successful completion of the subject is the knowledge of public finance at master level.

Assessment methods and criteria
Written exam, Dialog, Seminar Work

Active attendance in lessons. Credit test/ seminar work. Exam test with oral exam.
Recommended literature
  • Bache, I. et. al. (2017). Politics in the European Union. United Kingdom: Oxford University Press.
  • Corner, M. (2014). The European Union: an introduction. United Kingdom: London School of Economics.
  • Maaytová, A., Ochrana, F., Pavel, J. (2015). Veřejné finance v teorii a praxi. Praha: Grada.
  • Miller, R., Benjamin, D., North, D. (2014). Economics of Public Issues, 18th. ed.. Texas, Arlington: IUS.
  • Pospíšil, R., Žufan, P. (2019). Ekonomika veřejného sektoru. Praha: Professional Publishing.
  • Prakash, O. (2013). Essentials of public finance and public economics. New York: Vishal Publishing.
  • Robbins, D. (2018). Handbook of Public Sector Economics. USA, Boca Raton: FL.
  • Robbins, D. (2018). Handbook of Public Sector Economics. USA, Boca Raton: FL.
  • Samuelson, P., Nordhaus, W. (2013). Ekonomie. Praha: Svoboda.
  • Verhofstadt, G. (2017). Europe´s last chance: why the European states must form a more perfect union. Brussels: The Perseus Books Group.


Study plans that include the course
Faculty Study plan (Version) Category of Branch/Specialization Recommended year of study Recommended semester
Faculty: Faculty of Arts Study plan (Version): Economic and Managerial Studies (16) Category: Economy - Recommended year of study:-, Recommended semester: -
Faculty: Faculty of Arts Study plan (Version): Economic and Managerial Studies (16) Category: Economy - Recommended year of study:-, Recommended semester: -