OPF:EKNPFIP Fiscal Policy - Course Information

EKNPFIP Fiscal Policy

Extent and Intensity

2/1/0. 4 credit(s). Type of Completion: zk (examination).

Teacher(s)

Ing. Eva Kotlánová, Ph.D. (lecturer)
Ing. Tomáš Verner (lecturer)
Ing. Tomáš Verner (seminar tutor)

Guaranteed by

Ing. Eva Kotlánová, Ph.D.
Departament of Economics and Public Administration – School of Business Administration in Karvina

Prerequisites

The completion of the course does not require any conditions and subject can be registered independently of other subjects.

Course Enrolment Limitations

The course is also offered to the students of the fields other than those the course is directly associated with.

fields of study / plans the course is directly associated with

• European Integration (programme OPF, N_HOSPOL)

Course objectives

The aim of the course is to familiarize students with the fiscal policy, the mechanism of the anticipated effects on real variables and to stabilize the economy, macroeconomic and budgetary problems of fiscal policy. The course acquaints students with the typology of budget deficits, analyzes their impact on the economy and presents possibilities to cover them. It explains the issue of public debt, ways of its solution, area of fiscal rules and sustainability of public finances.

Syllabus

• 1. Development of approaches to fiscal policy
  2. The concept of fiscal policy
  3. State budget as an instrument of fiscal policy
  4. Short-term fiscal imbalance
  5. The budgetary effects of fiscal policy
  6. Application typology of budget deficits
  7. Fiscal policy in the IS-LM model
  8. Fiscal policy in the AS-AD model
  9. Fiscal policy in the IS-LM-BP model
  10. Expectations and fiscal policy
  11. Long-term fiscal imbalance
  12. Fiscal rules and sustainability of public finances
  13. Selected issues of fiscal policy in the Czech Republic and the European Union

Literature

required literature
• IZÁK, V. Fiscal policy: Intermediate course. Praha: Vysoká škola ekonomická v Praze, 2011. ISBN 978-80-245-1786-5. info
• IZÁK, V. Fiskální politika. Praha: VŠE, 2010. ISBN 978-80-245-1669-1. info
• DVOŘÁK, P. Veřejné finance, fiskální nerovnováha a finanční krize. Praha: C. H. Beck, 2008. ISBN 978-80-7400-075-1. info

recommended literature
• HAMERNÍKOVÁ, B., MAAYTOVÁ, A. Veřejné finance. Praha: ASPI, 2010. ISBN 978-80-7357-497-0. info
• KLIKOVÁ, CH., KOTLÁN, I. Hospodářská politika. Ostrava: Sokrates, 2006. ISBN 80-86572-37-4. info
• BLANCHARD, O. Macroeconomics. Upper Saddle River, 2003. ISBN 0-13-067100-2. info
• PAULÍK, T. Hospodářská politika. Karviná: SU OPF, 2002. ISBN 80-7248-148-7. info

Teaching methods

Skills demonstration
Seminar classes

Assessment methods

Grade

Language of instruction

Czech

Further comments (probably available only in Czech)

The course can also be completed outside the examination period.

Teacher's information

Attendance in seminars 60 %, seminar paper, defence of seminar paper, combined exam
Other study load: the study of scientific literature search and study of the actual literature on the subject.

Activity	Difficulty [h]
Ostatní studijní zátěž	40
Přednáška	26
Seminář	13
Zkouška	40
Summary	119

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