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Public Finance

Type of study Follow-up Master
Language of instruction English
Code 115-0524/02
Abbreviation VF
Course title Public Finance
Credits 4
Coordinating department Department of Management
Course coordinator doc. PhDr. Roman Vavrek, PhD.

Subject syllabus

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

Literature

ROSEN, Harvey S., Ted GAYER a Abdülkadir CIVAN. Public finance. 10th ed., global ed. Maidenhead: McGraw-Hill Education, 2014. McGraw-Hill series in economics. 588 s. ISBN 978-0-07-715469-1.
NOLAN, Aoife, Rory O'CONNELL and Colin J. HARVEY (eds.). Human rights and public finance: budgets and the promotion of economic and social rights. Oxford: Hart Publishing, 2013. ISBN 978-1-84113-011-8.

Advised literature

BARON, Marcin. Economics and strategic management of local public services in Central Europe. Prague: Institute of Sociology, 2014. ISBN 978-80-7330-253-5.
CULLIS, John G. and Philip R. JONES. Public finance and public choice: analytical perspectives. 3rd ed. Oxford: Oxford University Press, 2009. ISBN 978-0-19-923478-3.
GRUBER, Jonathan. Public finance and public policy. 3rd ed. New York: Worth Publishers, c2011. ISBN 978-1-4292-1949-5.
HILLMAN, Arye L. Public finance and public policy: responsibilities and limitations of government. 2nd ed. New York: Cambridge University Press, 2009. ISBN 978-0-521-73805-7.
ROSEN, Harvey. S., Ted GAYER a Abdülkadir CIVAN. Public finance. 10th ed., global ed. Maidenhead: McGraw-Hill Education, c2014. ISBN 978-0-07-715469-1.
SCARRETT, Douglas and Sylvia OSBORN. Property valuation: the five methods. 3rd ed. London: Routledge, 2014. ISBN 978-0-415-71767-0.
ŠEVIĆ, Željko (ed.) Local public finance in Central and Eastern Europe. Cheltenham: Edward Elgar, c2008. ISBN 978-1-84376-658-2.
ULBRICH, Holley H. Public finance in theory and practice. 2nd ed. London: Routledge, 2011. ISBN 978-0-415-58597-2.