153-0471/03 – Economics of Public Sector (EVS)

Gurantor departmentDepartment of Public EconomicsCredits5
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
LEN05 Ing. David Lenert, Ph.D., MBA
VRA12 doc. Ing. Iveta Vrabková, Ph.D.
Extent of instruction for forms of study
Form of studyWay of compl.Extent
Part-time Graded credit 6+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. SLOMAN, John, Dean GARRATT a Jon GUEST. Economics. Tenth edition. Harlow: Pearson, 2018. ISBN 978-1-292-18785-3.

Recommended literature:

STIGLITZ, Joseph E. The price of inequality. New York: W. W. Norton & Company, 2012. ISBN 978-0-393-08869-4. ROSEN, Harvey S., Ted GAYER a Abdülkadir CIVAN. Public finance. 10th ed., global ed. Maidenhead: McGraw-Hill Education, c2014. McGraw-Hill series in economics. ISBN 978-0-07-715469-1.

Way of continuous check of knowledge in the course of semester

zápočet: esej dle vypsaných aktuálních témat, zkouška: písemná zkouška.

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

Conditions for completion are defined only for particular subject version and form of study

Occurrence in study plans

Academic yearProgrammeBranch/spec.Spec.ZaměřeníFormStudy language Tut. centreYearWSType of duty
2023/2024 (B0311A050004) Applied Economics (S02) Economic Development ER K Czech Ostrava 1 Compulsory study plan
2022/2023 (B0311A050004) Applied Economics (S02) Economic Development ER K Czech Ostrava 1 Compulsory study plan
2021/2022 (B0311A050004) Applied Economics (S02) Economic Development ER K Czech Ostrava 1 Compulsory study plan
2020/2021 (B0311A050004) Applied Economics (S02) Economic Development ER K Czech Ostrava 1 Compulsory study plan
2019/2020 (B0311A050004) Applied Economics (S02) Economic Development ER K Czech Ostrava 1 Compulsory study plan

Occurrence in special blocks

Block nameAcademic yearForm of studyStudy language YearWSType of blockBlock owner

Assessment of instruction

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