| Course Unit Code | 153-0371/03 |
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| Number of ECTS Credits Allocated | 6 ECTS credits |
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| Type of Course Unit * | Compulsory |
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| Level of Course Unit * | First Cycle |
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| Year of Study * | First Year |
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| Semester when the Course Unit is delivered | Winter Semester |
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| Mode of Delivery | Face-to-face |
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| Language of Instruction | Czech |
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| Prerequisites and Co-Requisites | There are no prerequisites or co-requisites for this course unit |
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| Name of Lecturer(s) | Personal ID | Name |
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| VRA12 | doc. Ing. Iveta Vrabková, Ph.D. |
| Summary |
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| The subject is focused on acquiring knowledge at the level of the basic postulates of public economics and represents the basic theoretical basis for the study of the program of public economy and administration. Increased attention is given to the causes and consequences of market failures; normative and positive starting points and forms of state intervention in the economy, including their failure; structure, size, efficiency of the public sector and basic functions of public finances. |
| Learning Outcomes of the Course Unit |
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Students will acquire specific knowledge and skills:
- to define and understand the key terms and postulates in public economics;
- explain the behavior of entities and the main processes in the public sector;
- to evaluate and illustrate the findings on practical examples.
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| Course Contents |
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1. Introduction to the subject, public economics as a sub-discipline of general economics.
2. Status, tasks and tools of the state in the mixed economy. Structure of the national economy.
3. Economic and social reasons for the existence of the public sector and state intervention in the economy.
4. Public goods. Breakdown of public goods according to their consumption patterns. Characteristics of pure and mixed public goods.
5. Economic and social effects of negative externalities. Sources of negative externalities. Regulation of negative externalities by the state. Coas' theorem.
6. The economic and social effects of positive externalities and their support by the state. Sources of positive externalities. Přejnické statky.
7. Types and reasons for the failure of state intervention in the economy.
8. Theory of public choice in the theory of games. Forms of public choice. Median Electoral Theorem.
9. Public policy as a means of achieving strategic tasks of the state. Public interest. Objectives and tools of public policy.
10.Fiscal policy and its bases, tools and objectives. Expansion and restrictive fiscal policy of the state. Budgetary policy and its bases, tools and objectives.
11. Structure and size of the public sector. Public Sector Layer Model. Measuring the size of the public sector and its individual areas.
12. Fiscal policy and its starting points, tools and goals. Expansion and restrictive fiscal policy of the state. Budgetary policy and its bases, tools and objectives.
13. Structure and sources of public revenue. Importance and principles of taxation. Optimal tax system. Horizontal and vertical taxes.
14. Structure and function of public expenditure. Allocation of public expenditure. Redistribution of public expenditure. Stabilization function of public expenditure.
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| Recommended or Required Reading |
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| Required Reading: |
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SAMUELSON, Paul Anthony a William D. NORDHAUS. Economics. 19th ed. New York: McGraw-Hill, 2010. ISBN 978-007-126383-2.
SLOMAN, John, Dean GARRATT a Jon GUEST. Economics. Tenth edition. Harlow: Pearson, 2018. ISBN 978-1-292-18785-3.
STIGLITZ, Joseph E. a Jay K. ROSENGARD. Economics of the public sector. Fourth edition. New York: W.W. Norton & Company, 2015. ISBN 978-0-393-92522-7.
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PEKOVÁ, Jitka, Marek JETMAR a Petr TOTH. Veřejný sektor, teorie a praxe v ČR. Praha: Wolters Kluwer, 2019. ISBN 978-80-7598-209-4.
STIGLITZ, Joseph E. a Jay K. ROSENGARD. Economics of the public sector. Fourth edition. New York: W.W. Norton & Company, 2015. ISBN 978-0-393-92522-7.
VRABKOVÁ, Iveta. Úvod do ekonomie veřejného sektoru. Ostrava: VŠB-TU Ostrava, SOET, vol. 34, 2021. ISBN 978-80-248-4401-5. |
| Recommended Reading: |
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ROBERTO, Christina A. a Ichirō KAWACHI, ed. Behavioral economics and public health. New York: Oxford University Press, 2016. ISBN 978-0-19-939833-1.
STIGLITZ, Joseph E. The price of inequality. New York: W. W. Norton & Company, 2012. ISBN 978-0-393-08869-4. |
JUREČKA, Václav, a kol. Makroekonomie. 3., aktualizované a rozšířené vydání. Praha: Grada Publishing, 2017. Expert. ISBN 978-80-271-0251-8.
JUREČKA, Václav, a kol.. Mikroekonomie. 3., aktualizované a rozšířené vydání. Praha: Grada Publishing, 2018. Expert. ISBN 978-80-271-0146-7.
OCHRANA, František, Jan PAVEL a Leoš VÍTEK. Veřejný sektor a veřejné finance: financování nepodnikatelských a podnikatelských aktivit. Praha: Grada Publishing, 2010. Expert. ISBN 978-80-247-3228-2.
SLOMAN, John, Dean GARRATT a Jon GUEST. Economics. Tenth edition. Harlow: Pearson, 2018. ISBN 978-1-292-18785-3.
VLČEK, Josef. Ekonomie a ekonomika. 5., aktualizované vydání. Praha: Wolters Kluwer, 2016. ISBN 978-80-7552-190-3.
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| Planned learning activities and teaching methods |
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| Lectures, Tutorials |
| Assesment methods and criteria |
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| Task Title | Task Type | Maximum Number of Points
(Act. for Subtasks) | Minimum Number of Points for Task Passing |
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| Credit and Examination | Credit and Examination | 100 (100) | 51 |
| Credit | Credit | 30 | 20 |
| Examination | Examination | 70 | 31 |