Public finance
| Type of study | Follow-up Master |
|---|---|
| Language of instruction | Czech |
| Code | 115-0424/01 |
| Abbreviation | VF |
| Course title | Public finance |
| Credits | 4 |
| Coordinating department | Department of Management |
| Course coordinator | doc. Ing. Iveta Vrabková, Ph.D. |
Subject syllabus
Course syllabus of the course (main topics for individual week):
1. History of public finances in the Czech economy - economic trends enforced in area of public finances in the Czech territory since the formation of the republic, tax reform 1927, system of public budgets.
2. Tax incidence - types of tax incidence, tax burden transfer, tax burden measurement, tax impacts on taxpayers.
3. Taxation costs - tax costs, administrative costs, deadfall, influence of taxes on work efforts and choice between products.
4. Influence of social benefits on work efforts - models of social benefits provision, influence of social benefits on work efforts.
5. Current and capital budget - concept of current and capital public budget, drafting of current and capital budget.
6. Types of public property - property of the Czech Republic, property of regions, property of municipalities, rules on property, The Office for Government Representation in Property Affairs.
7. Principles of public spending assessment - public expenditure development, efficiency of public spending, project selection procedure, project evaluation.
8. Public contracts - contracting authorities, types of tenders, qualification assumptions.
9. Methods of evaluating bids in public procurement.
10. Public Debt - budget deficits and their financing, ways to cover public debt, public debt economics, public debt reporting, budget accountability.
11. Selected issues of public finances - mandatory expenditures, drafting factors for the draft of public budgets, state treasury.
12. Rules related to the use of EU funds in the Czech Republic - level of EU funds utilization, implementation of operational programs.
13. Administration of taxes and fees in the Czech Republic - procedure and role of individual administrative authorities - financial administration, customs administration and other institutions.
14. Current issues of public finance - legislative changes, current developments in public budgets.
1. History of public finances in the Czech economy - economic trends enforced in area of public finances in the Czech territory since the formation of the republic, tax reform 1927, system of public budgets.
2. Tax incidence - types of tax incidence, tax burden transfer, tax burden measurement, tax impacts on taxpayers.
3. Taxation costs - tax costs, administrative costs, deadfall, influence of taxes on work efforts and choice between products.
4. Influence of social benefits on work efforts - models of social benefits provision, influence of social benefits on work efforts.
5. Current and capital budget - concept of current and capital public budget, drafting of current and capital budget.
6. Types of public property - property of the Czech Republic, property of regions, property of municipalities, rules on property, The Office for Government Representation in Property Affairs.
7. Principles of public spending assessment - public expenditure development, efficiency of public spending, project selection procedure, project evaluation.
8. Public contracts - contracting authorities, types of tenders, qualification assumptions.
9. Methods of evaluating bids in public procurement.
10. Public Debt - budget deficits and their financing, ways to cover public debt, public debt economics, public debt reporting, budget accountability.
11. Selected issues of public finances - mandatory expenditures, drafting factors for the draft of public budgets, state treasury.
12. Rules related to the use of EU funds in the Czech Republic - level of EU funds utilization, implementation of operational programs.
13. Administration of taxes and fees in the Czech Republic - procedure and role of individual administrative authorities - financial administration, customs administration and other institutions.
14. Current issues of public finance - legislative changes, current developments in public budgets.
E-learning
The Presentation of lectures available at https://lms.vsb.cz/
Literature
FORMANOVÁ, Lucie a SOLILOVÁ, Veronika. Accounting & taxation terminology in practice: Odborná účetní a daňová terminologie nejen pro studenty. Praha: Wolters Kluwer, 2024. ISBN 978-80-7676-863-5.
GARG, Bharati. Public finance and financial administration: a global perspective. 1. vyd. London: Routledge, 2025. 426 s. ISBN 978-1032501543 .
MANKIW, N. Gregory. Macroeconomics. Twelfth edition. New York: Worth Publishers, Macmillan Learning, [2025]. ISBN 978-1-319-47347-1.
GARG, Bharati. Public finance and financial administration: a global perspective. 1. vyd. London: Routledge, 2025. 426 s. ISBN 978-1032501543 .
MANKIW, N. Gregory. Macroeconomics. Twelfth edition. New York: Worth Publishers, Macmillan Learning, [2025]. ISBN 978-1-319-47347-1.
Advised literature
BARTLETT, William; KMEZIĆ, Sanja a ĐULIĆ, Katarina (ed.). Fiscal decentralisation, local government and policy reversals in Southeastern Europe. Cham, Switzerland: Palgrave Macmillan, [2018]. ISBN 978-3-030-07142-4.
KELTON, Stephanie. The deficit myth: How to build a better economy. London: John Murray, 2021. 352 s. ISBN 978-1529352566 .
MACHÁČEK, Martin; HLAVÁČEK, Karel; MELECKÝ, Aleš; ŠULGANOVÁ, Monika a WROBLOWSKÝ, Tomáš. Intermediate macroeconomics workbook. Series of textbooks, Faculty of Economics, VŠB-TU Ostrava, 2019, vol. 34. Ostrava: VŠB-TU Ostrava, 2019. ISBN 978-80-248-4366-7.
KELTON, Stephanie. The deficit myth: How to build a better economy. London: John Murray, 2021. 352 s. ISBN 978-1529352566 .
MACHÁČEK, Martin; HLAVÁČEK, Karel; MELECKÝ, Aleš; ŠULGANOVÁ, Monika a WROBLOWSKÝ, Tomáš. Intermediate macroeconomics workbook. Series of textbooks, Faculty of Economics, VŠB-TU Ostrava, 2019, vol. 34. Ostrava: VŠB-TU Ostrava, 2019. ISBN 978-80-248-4366-7.