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

Gurantor departmentDepartment of EconomicsCredits2
Subject guarantordoc. Dr. Ing. Jan LibichSubject version guarantorIng. Tomáš Wroblowský, Ph.D.
Study levelundergraduate or graduateRequirementChoice-compulsory
Study languageEnglish
Year of introduction2009/2010Year of cancellation2010/2011
Intended for the facultiesEKFIntended for study typesFollow-up Master
Instruction secured by
LoginNameTuitorTeacher giving lectures
WRO25 Ing. Tomáš Wroblowský, Ph.D.
Extent of instruction for forms of study
Form of studyWay 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

Individual consultations


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:

Hansen, B. The economic theory of fiscal policy London : Routledge, 2003 Buti, Marco. et al. The Behaviour of Fiscal Authorities: Stabilization, Growth and Institutions. Palgrave, 2002 Wroblowský, Tomáš. Fiscal Theory and Policy. Ostrava: Vysoká škola báňská - Technická univerzita, 2012

Recommended literature:

Izák, V. Fiscal policy : intermediate course. Praha : Oeconomica, 2009

Way of continuous check of knowledge in the course of semester


Other requirements


Subject has no prerequisities.


Subject has no co-requisities.

Subject syllabus:

Conditions for subject completion

Full-time form (validity from: 2009/2010 Winter semester)
Task nameType of taskMax. number of points
(act. for subtasks)
Min. number of points
Examination Examination 100  51
Mandatory attendence parzicipation:

Show history

Occurrence in study plans

Academic yearProgrammeField of studySpec.ZaměřeníFormStudy language Tut. centreYearWSType 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 nameAcademic yearForm of studyStudy language YearWSType of blockBlock owner