114-0544/01 – Fiscal Theory and Policy (FTP)

Gurantor department	Department of Economics	Credits	2
Subject guarantor	prof. Dr. Ing. Jan Libich	Subject version guarantor	Ing. Tomáš Wroblowský, Ph.D.
Study level	undergraduate or graduate	Requirement	Choice-compulsory
Year	1	Semester	winter
		Study language	English
Year of introduction	2009/2010	Year of cancellation	2010/2011
Intended for the faculties	EKF	Intended for study types	Follow-up Master

Instruction secured by
Login	Name	Tuitor	Teacher giving lectures
WRO25	Ing. Tomáš Wroblowský, Ph.D.

Extent of instruction for forms of study
Form of study	Way of compl.	Extent
Full-time	Examination	2+0

Subject aims expressed by acquired skills and competences

Student should be able to: -assess the efficiency of governments fiscal measures -compare the theoretical approaches to fiscal imbalance -estimate the impact of fiscal variables' changes on other macro variables -design measures for improving the situation of public finance

Teaching methods

Lectures
Individual consultations

Summary

The course provides a comprehensive review of fiscal theory since the end of WWII. It is aimed on fiscal policy efficiency in the neo-Keynesian IS-LM and IS- LM-BP models, attention is also paid to fiscal aspects of new classical macroeconomics and new Keynesian economics. The course also contains topics that are not usually tought in intermediate courses of macroeconomics. These are, for example, the Ricardian equivalence theorem, fiscal federalism or fiscal theory of price level.

Compulsory literature:

ROSEN, Harvey and Ted GAYER, Public Policy (Global 10th Edition), 2014. 700p. ISBN 978-00-7715-469-1. KNILL, Christoph a Jale TOSUN. Public Policy: A New Introduction. 2nd ed. Bloomsbury Publishing, 2020. 296 p. ISBN 978-11-3757-329-2. ALESINA, Alberto a Francesco GIAVAZZI. Fiscal policy after the financial crisis. Chicago: University of Chicago Press, 2013. 585 p. ISBN 978-02-2601-844-7.

Recommended literature:

AYUSO-CASALS, Joaqium. Policy instruments for sound fiscal policies: Fiscal rules and institutions. Basingstoke: Palgrave Macmillan, 2009. 356 p. ISBN 978-9-279-09310-4. HANSEN, Alvin Harvey a Seymour Edwin HARRIS. Monetary theory and fiscal policy. Chicago: Papamoa Press, 2018. 219 p. ISBN 978-1-78912-741-6. MANKIW, Gregory. Macroeconomics. 10th edition. New York: Macmillan International Higher Education, 2019. ISBN 978-1-319-24358-6.

Way of continuous check of knowledge in the course of semester

E-learning

Other requirements

Prerequisities

Subject has no prerequisities.

Co-requisities

Subject has no co-requisities.

Subject syllabus:

Conditions for subject completion

Full-time form (validity from: 2009/2010 Winter semester)

Task name	Type of task	Max. number of points (act. for subtasks)	Min. number of points	Max. počet pokusů
Examination	Examination	100	51	3

Mandatory attendence participation:

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Conditions for subject completion and attendance at the exercises within ISP:

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Occurrence in study plans

Academic year	Programme	Branch/spec.	Spec.	Zaměření	Form	Study language	Tut. centre	Year	W	S	Type of duty
2010/2011	(N6202) Economic Policy and Administration	(6202T010) Finance	(01) Finance		P	Czech	Ostrava	1			Choice-compulsory	study plan
2009/2010	(N6202) Economic Policy and Administration	(6202T010) Finance	(01) Finance		P	Czech	Ostrava	1			Choice-compulsory	study plan

Occurrence in special blocks

Block name	Academic year	Form of study	Study language	Year	W	S	Type of block	Block owner

Assessment of instruction

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