153-0471/01 – Economics of Public Sector (EVS)

Gurantor departmentDepartment of Public EconomicsCredits6
Subject guarantordoc. Ing. Iveta Vrabková, Ph.D.Subject version guarantordoc. Ing. Iveta Vrabková, Ph.D.
Study levelundergraduate or graduateRequirementCompulsory
Year1Semesterwinter
Study languageCzech
Year of introduction2019/2020Year of cancellation
Intended for the facultiesEKFIntended for study typesBachelor
Instruction secured by
LoginNameTuitorTeacher giving lectures
HAL27 doc. Ing. Martina Halásková, Ph.D.
LEN05 Ing. David Lenert, Ph.D., MBA
VAV0195 PhDr. Roman Vavrek, PhD.
VRA12 doc. Ing. Iveta Vrabková, Ph.D.
Extent of instruction for forms of study
Form of studyWay of compl.Extent
Part-time Credit and Examination 8+6

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; - to 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:

SAMUELSON, Paul Anthony a William D. NORDHAUS. Economics. 19th ed. New York: McGraw-Hill, 2010. ISBN 978-007-126383-2. STIGLITZ, Joseph E. and Jay K. ROSENGARD. Economics of the public sector. 4th ed. New York: W. W. Norton & Company, 2015. ISBN-13: 978-0393925227.

Recommended literature:

STIGLITZ, Joseph E. The price of inequality. New York: W. W. Norton & Company, 2012. ISBN 978-0-393-08869-4.

Way of continuous check of knowledge in the course of semester

E-learning

The Presentation of lectures available at https://lms.vsb.cz/

Other requirements

Self-study according to mandatory and recommended professional literature.

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

Part-time form (validity from: 2019/2020 Winter semester)
Task nameType of taskMax. number of points
(act. for subtasks)
Min. number of points
Credit and Examination Credit and Examination 100 (100) 51
        Credit Credit 30  20
        Examination Examination 70  31
Mandatory attendence parzicipation: Without mandatory participation.

Show history

Occurrence in study plans

Academic yearProgrammeField of studySpec.ZaměřeníFormStudy language Tut. centreYearWSType of duty
2021/2022 (B0312A050001) Public Economics and Administration VEP K Czech Valašské Meziříčí 1 Compulsory study plan
2021/2022 (B0312A050001) Public Economics and Administration VEP K Czech Ostrava 1 Compulsory study plan
2021/2022 (B0312A050001) Public Economics and Administration VEP K Czech Šumperk 1 Compulsory study plan
2020/2021 (B0312A050001) Public Economics and Administration VEP K Czech Ostrava 1 Compulsory study plan
2020/2021 (B0312A050001) Public Economics and Administration VEP K Czech Šumperk 1 Compulsory study plan
2020/2021 (B0312A050001) Public Economics and Administration VEP K Czech Valašské Meziříčí 1 Compulsory study plan
2019/2020 (B0312A050001) Public Economics and Administration VEP K Czech Ostrava 1 Compulsory study plan
2019/2020 (B0312A050001) Public Economics and Administration VEP K Czech Šumperk 1 Compulsory study plan
2019/2020 (B0312A050001) Public Economics and Administration VEP K Czech Valašské Meziříčí 1 Compulsory study plan

Occurrence in special blocks

Block nameAcademic yearForm of studyStudy language YearWSType of blockBlock owner