BPV_VEEK Public Economics

Faculty of Economics and Administration
Autumn 2021
Extent and Intensity
2/2/0. 8 credit(s). Type of Completion: zk (examination).
Taught in person.
Teacher(s)
doc. JUDr. Ivan Malý, CSc. (lecturer)
doc. Ing. Vladimír Hyánek, Ph.D. (lecturer)
prof. Mgr. Jiří Špalek, Ph.D. (lecturer)
Mgr. Ing. Petra Dvořáková, Ph.D. (seminar tutor)
doc. Ing. Vladimír Hyánek, Ph.D. (seminar tutor)
Ing. Jakub Pejcal, Ph.D. (seminar tutor)
Ing. Dagmar Špalková, Ph.D. (seminar tutor)
Guaranteed by
doc. JUDr. Ivan Malý, CSc.
Department of Public Economics - Faculty of Economics and Administration
Contact Person: Jana Biskupová
Supplier department: Department of Public Economics - Faculty of Economics and Administration
Timetable
Thu 8:00–9:50 P101, except Thu 16. 9., except Thu 4. 11.
  • Timetable of Seminar Groups:
BPV_VEEK/01: Mon 8:00–9:50 P304, except Mon 13. 9., except Mon 1. 11., D. Špalková
BPV_VEEK/02: Mon 10:00–11:50 P403, except Mon 13. 9., except Mon 1. 11., D. Špalková
BPV_VEEK/03: Tue 8:00–9:50 P304, except Tue 14. 9., except Tue 2. 11., D. Špalková
BPV_VEEK/04: Wed 12:00–13:50 S307, except Wed 15. 9., except Wed 3. 11., J. Pejcal
BPV_VEEK/05: Tue 12:00–13:50 S301, except Tue 14. 9., except Tue 2. 11., V. Hyánek
BPV_VEEK/06: Tue 14:00–15:50 P403, except Tue 14. 9., except Tue 2. 11., V. Hyánek
BPV_VEEK/07: Wed 8:00–9:50 P103, except Wed 15. 9., except Wed 3. 11., J. Pejcal
BPV_VEEK/08: Thu 10:00–11:50 P104, except Thu 16. 9., except Thu 4. 11., J. Pejcal
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
there are 20 fields of study the course is directly associated with, display
Course objectives
The course presents an introduction to Public Economics. It deals with that part of national economy which is funded from redistributive processes and which is usually referred to as the Public Sector (PS).
The subject matter is divided into several interrelated blocks: The first block works more deeply with some basic concepts known to the students from Microeconomics course, mainly the econimc roles of the government. The rationale for the public sector is explored here as well. The objective is to enhance critical and analytical economic-thinking of students here.
The second block deals with Public Sector´s ability to reach eficient allocation of resources. Among others we study processes of resource allocation decisions making within the Public Sector - Public Choice and Public Policy analysis. The goal here is to teach students to understand the role and motivation of main players. Students should obtain knowledge of measures and tools reducing the natural tendency of PS to inefficiency in this block.
The third block analyses an "anathomy" of finantial flows within the Public Sector, it is public finance as a dominant category. The objective is to understand main principles and issues of public finances in modern economics. This block also introduces the students to the structure of public budget revenues placing special emphasis on taxes. The aim is to understand principles of "good" taxation and to cope with differences in attitude towards practical issues of a tax policy.
Learning outcomes
The absolvents will be able to:
• use critical and analytical economic-thinking in evaluation of basic roles of the state and public sector,
• obtain knowledge of measures and tools reducing the natural tendency of the public sector to inefficiency,
• understand principles of "good" taxation and to cope with differences in attitude towards practical issues of a tax policy.
Syllabus
  • 1. Public Sector, Mixed-economy
  • 2. Rationale for Government Incentives, Market failures, Distributional Justice
  • 3. Economic Role of the Government
  • 4. Spill-over Effects
  • 5. Public Goods
  • 6. Public Choice
  • 7. Government failures
  • 8. Tools for PS efficiency: Programme Budgeting, Evaluation of Public Programmes
  • 9. Public Finance, Budgetary Systems and their main economic challenges
  • 10. Public Expenditures, Public Revenues
  • 11. Introduction to Tax Policy
  • 12. Local Finance
Literature
    required literature
  • Malý, I. a kol. Veřejná ekonomie, DSO 2020 (5. akt. verze)
    recommended literature
  • doporučená: Allen, Tommasi: Řízení veřejných výdajů. Available at https://www.mfcr.cz/cs/o-ministerstvu/sluzby-verejnosti/odborna-knihovna/z-historie-mf/2013/preklad-publikace-oecd-rizeni-verejnych-12881
  • STIGLITZ, Joseph E and K ROSENGARD JAY. Economics of the public sector. 4th ed. New York: W. W. Norton & Company, 2015. 923 pp. ISBN 978-0-393-93709-1. info
  • MUSGRAVE, Richard Abel and Peggy B. MUSGRAVE. Veřejné finance v teorii a praxi. Translated by Věra Kameníčková. Vyd. 1. Praha: Management Press, 1994. xiv, 946 s. ISBN 80-85603-76-4. info
Teaching methods
lectures, assigned reading, class discussion, seminars
Assessment methods
The final exam has an oral form. Students are eligible to take the final exam provided that they fulfill given conditions: 1. they attend seminars regularly, 2. they achieve 75 of points from two written tests and from several voluntary activities. (In case of not achieving this limit, a course is completed with " - " mark, and student can repeat it next year.

An amount of earned points is reflected in a final grade in a way, that is defined and published prior the start of the course on the course's official web page in IS.

Important information! If students commit a prohibited act, such as using various forbidden tools, cribbing, taking out any part of the exam or any other cheating, the teacher is allowed to interrupt an exam and to grade a student with F, FF or FFF according to the seriousness of the offence. The mentioned procedure relates to all the activities that are included in the final evaluation of the course (seminar work, essays, tests etc.).
Language of instruction
Czech
Further comments (probably available only in Czech)
Study Materials
The course is taught annually.
General note: Přednášky jsou dostupné online a ze záznamu.
Listed among pre-requisites of other courses
Teacher's information
https://is.muni.cz/auth/el/econ/podzim2021/BPV_VEEK/
The course is also listed under the following terms Autumn 2009, Autumn 2010, Autumn 2011, Autumn 2012, Autumn 2013, Autumn 2014, Autumn 2015, Autumn 2016, Autumn 2017, Autumn 2018, Autumn 2019, Autumn 2020.
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