MKV_VEF2 Public Finance II

Faculty of Economics and Administration
Autumn 2022
Extent and Intensity
26/0/0. 8 credit(s). Type of Completion: zk (examination).
Teacher(s)
doc. Ing. Robert Jahoda, Ph.D. (lecturer)
Ing. Eduard Bakoš, Ph.D. (lecturer)
Guaranteed by
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
Timetable
Sat 24. 9. 8:00–11:50 P201, Fri 14. 10. 16:00–19:50 P201, Fri 21. 10. 16:00–19:50 P201, Sat 17. 12. 12:00–15:50 P201
Prerequisites
The course is a follow-up to the Public Finance I course.
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
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
  • Tutorials concern the following topics:
  • 1. Introduction and the aspects of optimal taxes
  • Tax policy analysis from the effectiveness and fairness perspective. Tax expenditure as a tool of governmental policy, labour taxation from an international perspective, impact of corporate taxation on the choice of place of business.
  • 2. Development of tax systems
  • Development of tax system in OECD countries within last 100 years. Attention is paid to harmonisation and coordination of taxes. The deeper discussion is devoted to the evolution of the Czech tax system since 1993. A midterm essay is assigned at the tutorial.
  • 3. Theory and practice of public finance reforms
  • The purpose of this tutorial is to understand the reasons, tools and way of implementing public finance reforms. We also discuss the process of emergence (or extinction) of advisory bodies for implementing reforms and their role. We can name (as examples): the Economic advisory of the government, the budget council or the pension committee.
  • 4. Development of fiscal policies in EU countries
  • A description of the development of fiscal policies in the EU countries in recent years and their response to the public debt problems in the form of regulations or retrenchments. We discuss aspects of the relationship between European public finances and the Czech Republic. A final essay is assigned at the tutorial.
Literature
    required literature
  • HAMERNÍKOVÁ, Bojka and Alena MAAYTOVÁ. Veřejné finance. 2., aktualiz. vyd. Praha: Wolters Kluwer Česká republika, 2010, 340 s. ISBN 9788073574970. info
  • PEKOVÁ, Jitka. Veřejné finance : teorie a praxe v ČR. Vyd. 1. Praha: Wolters Kluwer Česká republika, 2011, 642 s. ISBN 9788073576981. info
    recommended literature
  • MEDVEĎ, Jozef. Verejné financie. Bratislava: Sprint, vfra, 2005, 464 s. ISBN 8089085326. info
  • DVOŘÁK, Pavel. Veřejné finance, fiskální nerovnováha a finanční krize. Vyd. 1. Praha: C.H. Beck, 2008, xx, 343. ISBN 9788074000751. info
  • KÖNIG, Petr. Rozpočet a politiky Evropské unie : příležitost pro změnu. 2. aktualiz. vyd. Praha: C.H. Beck, 2009, xxxiv, 630. ISBN 9788074000119. info
  • PROVAZNÍKOVÁ, Romana. Financování měst, obcí a regionů : teorie a praxe. 2. aktualiz. a rozš. vyd. Praha: Grada, 2009, 304 s. ISBN 9788024727899. URL info
  • PEKOVÁ, Jitka. Finance územní samosprávy : teorie a praxe v ČR. Praha: Wolters Kluwer Česká republika, 2011, 587 s. ISBN 9788073576141. info
  • ŠELEŠOVSKÝ, Jan. Hospodaření krajské samosprávy (Economic Management of the Region). První. Brno: Masarykova univerzita, 2010, 204 pp. ISBN 978-80-210-5423-3. info
    not specified
  • HYMAN, David N. Public finance : a contemporary application of theory to policy. 9th ed. Mason: Thomson South-Western, 2008, xix, 748. ISBN 9780324537192. info
Teaching methods
There are four lectures (each 4 hours) given during semester. Lectures are focused on explanation of the main topics of the course. Self-study is emphasised then. Students have an opportunity to evaluate their knowledge in self-correcting on-line tests.
Assessment methods
The course is concluded with an oral exam. Students are eligible to take the oral exam provided that they fulfill given conditions:
1. they hand in assigned two seminar papers in a given quality and time (each up to 15 points),
2. they pass an (on-line) test in the IS MU during an obligatory period (up 30 points).
The weight of the final oral exam is 40%.
Detailed information concerning the seminar work and the on-line test is available in interactive syllabi of the course in the IS MU.
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.
Information on the extent and intensity of the course: tutoriál 16 hodin.
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, Autumn 2021, Autumn 2023, Autumn 2024.
  • Enrolment Statistics (Autumn 2022, recent)
  • Permalink: https://is.muni.cz/course/econ/autumn2022/MKV_VEF2