MPV_VEF2 Public Finance 2

Faculty of Economics and Administration
Autumn 2019
Extent and Intensity
2/1/0. 8 credit(s). Type of Completion: zk (examination).
Teacher(s)
doc. Ing. Robert Jahoda, Ph.D. (lecturer)
Ing. Eduard Bakoš, Ph.D. (lecturer)
Mgr. Ing. Petra Dvořáková, Ph.D. (lecturer)
Supervisor
doc. Ing. Robert Jahoda, Ph.D.
Department of Public Economics - Faculty of Economics and Administration
Contact Person: Jana Biskupová
Supplier department: Department of Public Economics - Faculty of Economics and Administration
Prerequisites
The course is a follow-up to the Public Finance I course, students are expected to have full knowledge on this level.
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 the course is directly associated with
there are 6 fields of study the course is directly associated with, display
Course objectives
The main objective of the course is to expand students’ theoretical knowledge and skills in the areas of public finance and tax policy and their evaluation. The course focuses particularly on addressing the question how taxes may be used as a tool for achieving governmental policies. Specific attention is also paid to the fiscal sustainability issue.
Learning outcomes
At the end of the course students should be able to: * understand and explain the development and role of tax policy,

* asses distributional and economic impacts of changes in present tax policy,

* make reasoned decisions about own tax liabilities in the light of discussed reforms,

* use acquired knowledge of present development and deduce impacts of tax policy on future development,

* evaluate fiscal sustainability of public finance and its influence on future reforms,

* understand both the theory and practice of the budget policy, together with public expenditure management,

* compare different models of pension system and their possible impact on individual pension adequacy,

* understand financial flows in health-care.
Syllabus
  • The content of the course is divided into two blocs. The first one concentrates more on tax policy, the second one deals with public finance sustainability issues. An indicative breakdown of topics: 1) Introduction to the course, revision of previous knowledge
  • 2) Tax incidence and equity – measurement and interpretation
  • 3) The supply side of the economy and taxation
  • 4) Current tax policy, its issues and future prospects in the Czech Republic
  • 5) Corporate income tax and personal income tax
  • 6) Indirect taxes - AT, excise duties
  • 7) Public Debt Management - European perspective I
  • 8) Public Debt Management - European perspective II (case of PIIGS countries)
  • 9) Fiscal aspects of the pension policy and its sustainability
  • 10) Fiscal aspects of the health care policy
  • 11) Innovative tools of public finance management and its innovations
Literature
    required literature
  • MIRRLEES, James A. and Stuart ADAM. Tax by design : the Mirrlees review. 1st ed. Oxford: Oxford University Press, 2011. xvii, 531. ISBN 9780199553747. info
  • Řízení veřených výdajů :odborná příručka pro tranzitivní země. Edited by Richard Allen - Daniel Tommasi. České vyd. Praha: Ministerstvo financí ČR, 2002. 496 s. ISBN 80-85045-12-5. info
  • HYMAN, David N. Public finance : a contemporary application of theory to policy. 9th ed. Mason: Thomson South-Western, 2008. xix, 748. ISBN 9780324537192. info
  • DVOŘÁK, Pavel. Veřejné finance, fiskální nerovnováha a finanční krize. Vyd. 1. Praha: C.H. Beck, 2008. xx, 343. ISBN 9788074000751. info
    recommended literature
  • MEDVEĎ, Jozef. Verejné financie. Bratislava: Sprint, vfra, 2005. 464 s. ISBN 8089085326. info
  • KÖNIG, Petr. Rozpočet a politiky Evropské unie : příležitost pro změnu. 2. aktualiz. vyd. Praha: C.H. Beck, 2009. xxxiv, 630. ISBN 9788074000119. info
  • PEKOVÁ, Jitka. Veřejné finance : teorie a praxe v ČR. Vyd. 1. Praha: Wolters Kluwer Česká republika, 2011. 642 s. ISBN 9788073576981. info
  • MIRRLEES, James A. Welfare, incentives, and taxation. Oxford: Oxford University Press, 2006. xii, 656. ISBN 9780198295211. info
  • KUBÁTOVÁ, Květa. Daňová teorie a politika. 5., aktualiz. vyd. Praha: Wolters Kluwer Česká republika, 2010. 275 s. ISBN 9788073575748. info
Teaching methods
The course takes the form of both lectures and seminars. There are explained main thesis of the topics within lectures, which are further discussed during seminars. Students show their comprehension of the topic by interpretation and comparison of main relation within. Presentation of students' homework is a part of each seminar. Students focus on the particular problem from the given topic, which they analyze and demonstrate possible solutions with usage of a practical example.
Assessment methods
The course is concluded with an oral exam. The oral exam, however, might be omitted. Based on a continuous evaluation during the whole term, students acquire points: two written tests (each counts for 30 points) and elaboration (and presentation) of three group seminar works (each up to 10 points). The teacher can award students with “bonus” points for their activity during seminars and can assign voluntary Essay at the end of the semester (up to 10 points). The sum of points is the suggestion for a grade before the oral exam. The final grade does not differ more than two grade from suggested grade.
Classification scheme - suggested grade for the oral exam (roughly):
A (78 and more)
B [71 - 78)
C [65 - 71)
D [58 - 65)
E [53 - 58)
F [50 - 53)
grade X (this is final grade, student does not sit oral exam) [0 - 50)
Any aspects differing from the above are specified in the interactive syllabus before the semester starts.
Language of instruction
Czech
Further Comments
The course is taught annually.
The course is taught: every week.
Information about innovation of course.
This course has been innovated under the project "Inovace studia ekonomických disciplín v souladu s požadavky znalostní ekonomiky (CZ.1.07/2.2.00/28.0227)" which is cofinanced by the European Social Fond and the national budget of the Czech Republic.

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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.
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