153-0501/02 – Economics of Public Sector (EPS)

Gurantor departmentDepartment of Public EconomicsCredits4
Subject guarantordoc. Ing. Iveta Vrabková, Ph.D.Subject version guarantordoc. Ing. Iveta Vrabková, Ph.D.
Study levelundergraduate or graduate
Study languageEnglish
Year of introduction2014/2015Year of cancellation2021/2022
Intended for the facultiesEKFIntended for study typesBachelor
Instruction secured by
LoginNameTuitorTeacher giving lectures
LAN075 Ing. Eva Kovářová, Ph.D.
SLA31 Ing. David Slavata, Ph.D.
VRA12 doc. Ing. Iveta Vrabková, 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

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. You will be able: • to evaluate the position of the particular branches within the whole public sector, • to identify the subjects participating on the provision of the public sector services, • to judge the micro and macro economical connections and rational operating of the selected branches and segments of the public sector. You will gain: • knowledge in the structure of particular branches of the public sector, • information on the possibilities of financing both from public and private resources, • integrated view of the economics of the private and public sector in the particular branches.

Teaching methods

Individual consultations

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. STIGLITZ, Joseph E. a Jay K. ROSENGARD. Economics of the public sector. Fourth edition. New York: W.W. Norton & Company, [2015]. ISBN 978-0-393-92522-7.

Recommended literature:

FORTE, Francesco, Ram MUDAMBI a Pietro NAVARRA, ed. A handbook of alternative theories of public economics. Cheltenham: Edward Elgar, c2014. ISBN 978-1-78100-470-8. 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. 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

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

Full-time form (validity from: 2014/2015 Summer semester, validity until: 2021/2022 Winter semester)
Task nameType of taskMax. number of points
(act. for subtasks)
Min. number of points
Examination Examination 100  51
Mandatory attendence parzicipation: No

Show history

Occurrence in study plans

Academic yearProgrammeField of studySpec.ZaměřeníFormStudy language Tut. centreYearWSType of duty

Occurrence in special blocks

Block nameAcademic yearForm of studyStudy language YearWSType of blockBlock owner
Incoming students 2021/2022 Full-time English Choice-compulsory 163 - International Office stu. block
Incoming students - bachelor study 2020/2021 Full-time English Choice-compulsory 163 - International Office stu. block
Incoming students - bachelor study 2018/2019 Full-time English Choice-compulsory 163 - International Office stu. block
Incoming Students 2017/2018 Full-time English Choice-compulsory 163 - International Office stu. block
Incoming Students 2016/2017 Full-time English Choice-compulsory 163 - International Office stu. block
Incoming Students 2015/2016 Full-time English Choice-compulsory 163 - International Office stu. block
Incoming Students 2014/2015 Full-time Czech Choice-compulsory 163 - International Office stu. block