153-0594/01 – Public Finance (VF)
| Gurantor department | Department of Public Economics | Credits | 4 |
| Subject guarantor | doc. Ing. Petr Tománek, CSc. | Subject version guarantor | doc. Ing. Petr Tománek, CSc. |
| Study level | undergraduate or graduate | Requirement | Compulsory |
| Year | 1 | Semester | winter |
| | Study language | English |
| Year of introduction | 2019/2020 | Year of cancellation | |
| Intended for the faculties | EKF | Intended for study types | Follow-up Master |
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:
Recommended literature:
Way of continuous check of knowledge in the course of semester
Credit based on the preparation of the seminar work and participation in exercises. Oral exam. The conditions are the same for ISP students.
E-learning
Studijní opory TpB:
https://lms.vsb.cz/course/view.php?id=72596
Other requirements
Additional the requirements are not specified.
Prerequisities
Subject has no prerequisities.
Co-requisities
Subject has no co-requisities.
Subject syllabus:
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
Occurrence in study plans
Occurrence in special blocks
Assessment of instruction