MPV_VESO Introduction to Public Sector Economics

Faculty of Economics and Administration
Autumn 2021
Extent and Intensity
1/1/0. 4 credit(s). Type of Completion: zk (examination).
Teacher(s)
prof. Ing. Juraj Nemec, CSc. (lecturer)
Guaranteed by
prof. Ing. Juraj Nemec, CSc.
Department of Public Economics – Faculty of Economics and Administration
Contact Person: PhDr. Ing. Pavla Hradecká
Supplier department: Department of Public Economics – Faculty of Economics and Administration
Timetable
Thu 11. 11. 8:00–11:50 MT205, 14:00–17:50 MT205, Thu 9. 12. 8:00–11:50 MT205, 14:00–17:50 MT205
  • Timetable of Seminar Groups:
MPV_VESO/04: except Fri 17. 9., except Fri 5. 11., J. Nemec
Prerequisites (in Czech)
! MPE_ETVS Economic theory for PA
Course Enrolment Limitations
The course is only offered to the students of the study fields the course is directly associated with.
fields of study / plans the course is directly associated with
Course objectives
The main aim of the course is to gain knowledge about principles of the public sector’s functioning, to understand its essence, current trends and problems and to acquire basic analytical skills for the creation and evaluation of state interventions. Furthermore, the aim is to learn to apply the acquired knowledge in a concrete environment and subsystem of the public sector.
Learning outcomes
Students should acquire the following skills:
• understand the specifics of the public sector
• to acquire the capacity to analyse the state interventions
• have a general insight into the functioning of the public sector in the Czech Republic, France and in the EU context
• be able to independently formulate recommendations for improving the functioning of the public sector.
Syllabus
  • Block 1: The first basic theorem: market failure Pareto efficiency, market equilibrium Market failure (public goods, externalities, economies of scale, asymmetry of information) Block 2: The second basic theorem: redistribution Market and social justice Redistribution and optimality Block 3: Macroeconomic regulation and the rule of law Block 4: Government failure Public choice Theory of bureaucracy Block 5: Scope and structure of the public sector Block 6: Public finance Block 7: Fiscal federalism Advantages and disadvantages of decentralization Organization and financing of the subnational public sector in Europe Democracy as the basis of local public choice Block 8: Determinants of budget decision-making of local units
Literature
  • HAMERNÍKOVÁ, Bojka. Veřejné finance : vybrané problémy. Vydání první. Praha: Wolters Kluwer. 162 stran. ISBN 9788075525772. 2017. info
  • ROTHBARD, Murray Newton. Anatomie státu. Translated by Jakub Skala. Praha: Ludwig von Mises Institut Česko & Slovensko. 26 s. ISBN 9788090486126. 2011. URL info
  • HAMERNÍKOVÁ, Bojka and Alena MAAYTOVÁ. Veřejné finance. 2., aktualiz. vyd. Praha: Wolters Kluwer Česká republika. 340 s. ISBN 9788073574970. 2010. info
  • MEDVEĎ, Jozef. Verejné financie. Bratislava: Sprint, vfra. 464 s. ISBN 8089085326. 2005. info
  • ROTHBARD, Murray Newton. Ekonomie státních zásahů. Edited by Josef Šíma - Dan Šťastný. Praha: Liberální institut. 464 s. ISBN 8086389103. 2001. URL info
  • STIGLITZ, Joseph E. Economics of the public sector. 3rd ed. New York: W. W. Norton & Company. xxiii, 823. ISBN 0393966518. 2000. info
  • STIGLITZ, Joseph E. Ekonomie veřejného sektoru. Vyd. 1. Praha: Grada. 661 s. ISBN 8071694541. 1997. info
  • POTŮČEK, Martin. Nejen trh : role trhu, státu a občanského sektoru v proměnách české společnosti. Vyd. 1. Praha: Sociologické nakladatelství. 188 s. ISBN 8085850265. 1997. info
  • MUSGRAVE, Peggy B. and Richard Abel MUSGRAVE. Veřejné finance v teorii a praxi. Translated by Věra Kameníčková. 1. vyd. Praha: Management Press. 581 s. ISBN 8085603764. 1994. info
  • MUSGRAVE, Richard Abel and Peggy B. MUSGRAVE. Public Finance in Theory and Practice. 4. ed. New York: McGraw-Hill. 16, 824 s. ISBN 0-07-044126-X. 1984. info
Teaching methods
Most critical topics are introduced and discussed during face-to-face teaching, complemented by self-studying. Selected topics are completely determined for self-studying. The acquired knowledge is applied during contact hours and in the student's independent work.
Assessment methods
Teaching is organized in the form of block teaching, where the lectures and seminars are connected according to the needs of teaching. The Czech part of the course ends with an oral exam. A student may take the oral exam if following conditions are met: 1. Writes a professional essay on a given topic with a minimum gain of 50 % of points.. 2. Passes a written test, with a minimum gain of 60 % of points. The oral examination is not obligatory for the student with more than 61 points from essay and test. The final evaluation of the Czech part of the course is given by the point sum for a professional essay, written test, and evaluation of the oral exam. Evaluation Professional essay 0-50 points (min. 25 points) Written exam 0-30 points (min. 18 points) Oral exam 0-20 points Grade: E 60+, D 68+, C 76+, B 84+, A 92 +
Successful completion of the course is conditioned by participation in French block teaching. Any absence can be excused only in case of illness by confirmation from a doctor, within 5 working days from the end of the absence.
The French part of the course concludes with a written exam scored according to the French evaluation (scale from 0 to 20), it is necessary to obtain at least 10/20. The result is then converted according to the Czech scale of grades and averaged with the Czech grade. The final evaluation of the course is the average of the Czech and French grades.
Language of instruction
Czech
Further comments (probably available only in Czech)
Study Materials
The course is taught annually.
General note: Část výuky probíhá ve francouzštině.
The course is also listed under the following terms Autumn 2022, Autumn 2023, Autumn 2024.
  • Enrolment Statistics (Autumn 2021, recent)
  • Permalink: https://is.muni.cz/course/econ/autumn2021/MPV_VESO