153-0371/02 – Economics of Public Sector (EVS)
Gurantor department | Department of Public Economics | Credits | 5 |
Subject guarantor | doc. Ing. Iveta Vrabková, Ph.D. | Subject version guarantor | doc. Ing. Iveta Vrabková, Ph.D. |
Study level | undergraduate or graduate | Requirement | Compulsory |
Year | 1 | Semester | winter |
| | Study language | Czech |
Year of introduction | 2019/2020 | Year of cancellation | |
Intended for the faculties | EKF | Intended for study types | Bachelor |
Subject aims expressed by acquired skills and competences
Students will acquire specific knowledge and skills:
- to define and understand the key terms and postulates in public economics;
- explain the behavior of entities and the main processes in the public sector;
- to evaluate and illustrate the findings on practical examples.
Teaching methods
Lectures
Tutorials
Summary
The subject is focused on acquiring knowledge at the level of the basic postulates of public economics and represents the basic theoretical basis for the study of the program of public economy and administration. Increased attention is given to the causes and consequences of market failures; normative and positive starting points and forms of state intervention in the economy, including their failure; structure, size, efficiency of the public sector and basic functions of public finances.
Compulsory literature:
Recommended literature:
Way of continuous check of knowledge in the course of semester
Forms of results verification are credit assignments and a written test - an exam.
E-learning
The Presentation of lectures available at https://lms.vsb.cz/
Other requirements
Additional requirements are not specified.
Prerequisities
Subject has no prerequisities.
Co-requisities
Subject has no co-requisities.
Subject syllabus:
1. Introduction to the subject, public economics as a sub-discipline of general economics.
2. Status, tasks and tools of the state in the mixed economy. Structure of the national economy.
3. Economic and social reasons for the existence of the public sector and state intervention in the economy.
4. Public goods. Breakdown of public goods according to their consumption patterns. Characteristics of pure and mixed public goods.
5. Economic and social effects of negative externalities. Sources of negative externalities. Regulation of negative externalities by the state. Coas' theorem.
6. The economic and social effects of positive externalities and their support by the state. Sources of positive externalities. Přejnické statky.
7. Types and reasons for the failure of state intervention in the economy.
8. Theory of public choice in the theory of games. Forms of public choice. Median Electoral Theorem.
9. Public policy as a means of achieving strategic tasks of the state. Public interest. Objectives and tools of public policy.
10.Fiscal policy and its bases, tools and objectives. Expansion and restrictive fiscal policy of the state. Budgetary policy and its bases, tools and objectives.
11. Structure and size of the public sector. Public Sector Layer Model. Measuring the size of the public sector and its individual areas.
12. Fiscal policy and its starting points, tools and goals. Expansion and restrictive fiscal policy of the state. Budgetary policy and its bases, tools and objectives.
13. Structure and sources of public revenue. Importance and principles of taxation. Optimal tax system. Horizontal and vertical taxes.
14. Structure and function of public expenditure. Allocation of public expenditure. Redistribution of public expenditure. Stabilization function of public expenditure.
Conditions for subject completion
Occurrence in study plans
Occurrence in special blocks
Assessment of instruction