FINPPFA Public Finance A

School of Business Administration in Karvina
Winter 2011
Extent and Intensity
2/1/0. 4 credit(s). Type of Completion: zk (examination).
Teacher(s)
Ing. Irena Szarowská, Ph.D., MPA (lecturer)
Guaranteed by
Ing. Irena Szarowská, Ph.D., MPA
Department of Finance and Accounting – School of Business Administration in Karvina
Course Enrolment Limitations
The course is offered to students of any study field.
Course objectives (in Czech)
The goal of the course is to explain basic features of public finance. The main aim of the subject is to acquaint students with reasons of government interventions in economy and with principles of functioning of public finance in connection with access of the Czech Republic to European Union. Attention is also paid to analyse of a tax system, a public budget system, basic characteristics of fiscal federalism, fiscal policy and to fulfilment of fiscal convergence criteria. The subject covers also topics as a reform of tax system, possibilities of social security and health insurance reform.
Syllabus (in Czech)
  • 1. Public finance in mixed economy
    Basic characteristics of public finance. Public sector and public finance in mixed economy. Financing of public goods. Externalities.
    2. Structure of public finance
    Public finance in the Czech Republic. Fiscal policy. Public finance and redistribution, stabilization and allocation function.
    3. Public budget system
    Public budgets. Budget principles. Budget structure. State budget. Regional budget and municipality budget.
    4. Public budget expenditures
    Public budget expenditure. Development of public expenditures. Public expenditures efficiency. Public expenditures and space aspect of allocation function. Cost Benefit Analysis.
    5. Public budget incomes
    Principles of taxation. Irreturnable and returnable incomes. Taxed and untaxed incomes. Fiscal and parafiscal incomes. Taxes, tariffs and delivery. Systém of taxation in the Czech Republic
    6. Financing of social security
    Theoretical background of social security system. Pay as you go system. Social security system in the Czech Republic. Present state and possibilities of social security reform.
    7. Financing of health insurance
    Theoretical background of financing of health insurance. System of health insurance in the Czech Republic. Present state and possibilities of health insurance reform.
    8. Fiscal federalism
    Vertical and horizontal structure of budgatery scale. Centralized and decentralized government. Fiscal federalism. The theory of taxation within a decentralized system. Fiscal capacity, fiscal position. The theory of grants.
    9. State and regional (municipal) finance
    Exploitation of fiscal functions on various government levels. Intergovernmental fiscal relations. Ensurrance of public utilities on local level. Incomes and expenditures of local budgets. Municipal entrepreneurship and municipal bonds.
    10. State budget deficit
    The state budget balance. State budget deficit. Factors of deficit increasing, financing of budget deficit. State deficit in the Czech Republic. Developement of gross national debt.
    11. Public debt
    Public debt. Factors of public debt increasing, possibilities of debtproblem solving. Burden of the debt. Fulfilment of Maastricht criteria in new EU member states.
    12. Public finance and European Union
    European Union budget, the principles of EU budget. The budgetary process of EU budget. Revenues and incomes. Regional policy. Structural policy. Structural funds.
    13. Reform of public finance
    The contemporary situation and outlook. Perspective of public finance reform in the Czech Republic. Perspective of public finance reform in the EU.
Literature
    required literature
  • Zákon č. 218/2000 Sb. o rozpočtových pravidlech a o změně některých souvisejících zákonů. info
  • Zákon č. 243/2000 Sb. o rozpočtovém určení výnosů některých daní územním samosprávným celkům a některým státním fondům. info
  • Zákon č. 250/2000 Sb. o rozpočtových pravidlech územních rozpočtů. info
  • HYMAN, D.N. Public Finance: A Contemporary Application of Theory to Policy. Harcourt Publishing, 2002. ISBN 0-03-033784-4. info
    recommended literature
  • ROSEN, H., GAYER, T. Public Finance. McGraw-Hill Irwin,, 2007. ISBN 0073511285. info
  • SZAROWSKÁ, I. Veřejné finance A - Distanční opora ke studiu. Karviná: SU OPF, 2006. ISBN 80-7248-343-9. info
  • ULBRICH, H. Public Finance in Theory and Practice. South Western, 2003. ISBN 0-324-01660-3. info
  • BUCHANAN, J. M., MUSGRAVE, R. A. Public Finance and Public Choice: Two Contrasting Visions of the State. MIT Press,, 1999. ISBN 0262024624. info
  • ROSEN, H.S. The Fiskal Behaviour of State and Local Governments. Cheltenham: Edward Elgar, 1997. ISBN 1-85898-654-0. info
  • MUSGRAVE, R., MUSGRAVE, P. Veřejné finance v teorii a praxi. Praha: Management Press, 1994. ISBN 80-85603-76-4. info
Language of instruction
English
Further comments (probably available only in Czech)
The course can also be completed outside the examination period.
The course is also listed under the following terms Winter 2007, Winter 2008, Winter 2009, Winter 2010, Winter 2012, Winter 2013.
  • Enrolment Statistics (Winter 2011, recent)
  • Permalink: https://is.slu.cz/course/opf/winter2011/FINPPFA