153-0594/01 – Public Finance (VF)

Gurantor departmentDepartment of Public EconomicsCredits4
Subject guarantordoc. Ing. Petr Tománek, CSc.Subject version guarantordoc. Ing. Petr Tománek, CSc.
Study levelundergraduate or graduateRequirementCompulsory
Year1Semesterwinter
Study languageEnglish
Year of introduction2019/2020Year of cancellation
Intended for the facultiesEKFIntended for study typesFollow-up Master
Instruction secured by
LoginNameTuitorTeacher giving lectures
BEC05 Ing. Bc. Jiří Bečica, Ph.D.
TOM54 doc. Ing. Petr Tománek, CSc.
VAV0195 PhDr. Roman Vavrek, PhD.
Extent of instruction for forms of study
Form of studyWay of compl.Extent
Full-time Credit and Examination 2+1

Subject aims expressed by acquired skills and competences

The aim of the course is to familiarize students with the theoretical and practical rules of fiscal system. After completing the course students: - will be able to describe theoretical and practical implications of functioning of the fiscal system, - will be able to describe context and impacts of functioning and changes in the fiscal system, - will gain basic knowledge about specific problems of the current fiscal system.

Teaching methods

Lectures
Tutorials

Summary

The course builds on basic knowledge of the functioning of public budgets. It deepens basic knowledge in selected areas of public finance from theoretical and practical points of view. In the theoretical part, issue of tax impacts, methods of selection and evaluation of public expenditures, debt economics are discussed. The practical part deals with application of rules on tax administration, property management, public procurement.

Compulsory literature:

HILLMAN, Arye L. Public finance and public policy: responsibilities and limitations of government. 2nd ed. New York: Cambridge University Press, 2009. ISBN 978-0-521-73805-7. ROSEN, H. S., T. GAYER a A. CIVAN. Public finance. 10th ed., global ed. Maidenhead: McGraw-Hill Education, c2014. ISBN 978-0-07-715469-1. ŠEVIĆ, Željko (ed.) Local public finance in Central and Eastern Europe. Cheltenham: Edward Elgar, c2008. ISBN 978-1-84376-658-2.

Recommended literature:

BARON, Marcin. Economics and strategic management of local public services in Central Europe. Prague: Institute of Sociology, 2014. ISBN 978-80-7330-253-5. GRUBER, Jonathan. Public finance and public policy. 3rd ed. New York: Worth Publishers, c2011. ISBN 978-1-4292-1949-5. SCARRETT, Douglas and Sylvia OSBORN. Property valuation: the five methods. 3rd ed. London: Routledge, 2014. ISBN 978-0-415-71767-0.

Way of continuous check of knowledge in the course of semester

E-learning

Další požadavky na studenta

Additional the requirements are not specified.

Prerequisities

Subject has no prerequisities.

Co-requisities

Subject has no co-requisities.

Subject syllabus:

The aim of the course is to familiarize students with the theoretical and practical rules of fiscal system. After completing the course students: - will be able to describe theoretical and practical implications of functioning of the fiscal system, - will be able to describe context and impacts of functioning and changes in the fiscal system, - will gain basic knowledge about specific problems of the current fiscal system. The course builds on basic knowledge of the functioning of public budgets. It deepens basic knowledge in selected areas of public finance from theoretical and practical points of view. In the theoretical part, issue of tax impacts, methods of selection and evaluation of public expenditures, debt economics are discussed. The practical part deals with application of rules on tax administration, property management, public procurement. Course syllabus of the course (main topics for individual week): 1. History of public finances in the Czech economy - economic trends enforced in area of public finances in the Czech territory since the formation of the republic, tax reform 1927, system of public budgets. 2. Tax incidence - types of tax incidence, tax burden transfer, tax burden measurement, tax impacts on taxpayers. 3. Taxation costs - tax costs, administrative costs, deadfall, influence of taxes on work efforts and choice between products. 4. Influence of social benefits on work efforts - models of social benefits provision, influence of social benefits on work efforts. 5. Current and capital budget - concept of current and capital public budget, drafting of current and capital budget. 6. Types of public property - property of the Czech Republic, property of regions, property of municipalities, rules on property, The Office for Government Representation in Property Affairs. 7. Principles of public spending assessment - public expenditure development, efficiency of public spending, project selection procedure, project evaluation. 8. Public contracts - contracting authorities, types of tenders, qualification assumptions. 9. Methods of evaluating bids in public procurement. 10. Public Debt - budget deficits and their financing, ways to cover public debt, public debt economics, public debt reporting, budget accountability. 11. Selected issues of public finances - mandatory expenditures, drafting factors for the draft of public budgets, state treasury. 12. Rules related to the use of EU funds in the Czech Republic - level of EU funds utilization, implementation of operational programs. 13. Administration of taxes and fees in the Czech Republic - procedure and role of individual administrative authorities - financial administration, customs administration and other institutions. 14. Current issues of public finance - legislative changes, current developments in public budgets.

Conditions for subject completion

Full-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 40  21
        Examination Examination 60  30
Mandatory attendence parzicipation: Povinná účast 50 % na cvičeních.

Show history

Occurrence in study plans

Academic yearProgrammeField of studySpec.ZaměřeníFormStudy language Tut. centreYearWSType of duty
2020/2021 (N0412A050005) Finance P English Ostrava 1 Compulsory study plan
2019/2020 (N0412A050005) Finance P English Ostrava 1 Compulsory study plan

Occurrence in special blocks

Block nameAcademic yearForm of studyStudy language YearWSType of blockBlock owner