XAPFI Public Finance

Moravian Business College Olomouc
summer 2024
Extent and Intensity
2/1/0. 4 credit(s). Type of Completion: zk (examination).
Teacher(s)
Ing. Richard Šmilňák, MBA (lecturer)
Ing. Richard Šmilňák, MBA (seminar tutor)
Guaranteed by
Moravian Business College Olomouc
Supplier department: Moravian Business College Olomouc
Timetable
each even Wednesday 8:00–9:30 B2.445
  • Timetable of Seminar Groups:
XAPFI/01: each even Wednesday 9:30–10:15 B2.445, R. Šmilňák
Course Enrolment Limitations
The course is offered to students of any study field.
The capacity limit for the course is 3 student(s).
Current registration and enrolment status: enrolled: 2/3, only registered: 0/3
Course objectives
The objective of the course is to familiarise students with issues of public finance. Students are able to explain the causes of state intervention in the economy and define basic market failures such as public goods and externalities. Students are able to explain principles and models of fiscal federalism and basic parameters related to fiscal imbalance. Students have a good understanding of public budgets, its structure and are able to describe current problems of public budgets. In connection with public budgets, they are provided with lectures concerning the characteristics of the tax system of the Czech Republic and the system of social and health insurance.
Syllabus
  • 1. Definition of the public sector (structure of the national economy, relation between the public and the private sector)
  • 2. Causes of state intervention in the economy (types of causes, market failure and its characteristics)
  • 3. Public goods and externalities (definition of public goods, public goods financing, externalities and their possible solutions)
  • 4. Fiscal federalism (definition, models, principles)
  • 5. Budgetary system (types of budgets)
  • 6. Government budget (budgetary procedure, revenues and expenditures)
  • 7. Budgets of territorial self-governing units (revenues and expenditures of budgets of regions and municipalities)
  • 8. Budget determination of taxes (subject and importance of budget determination of taxes)
  • 9. Tax system of the Czech Republic (direct and indirect taxes, income taxes, property taxes and excise taxes)
  • 10. Social insurance (insurance models and principles, insurance payers)
  • 11. Fiscal imbalance (concept of public budget, budget deficit, public debt, fiscal rules)
  • 12. Current issues of public finance (public debt, government budget deficit, indebtedness of territorial self-governing units)
Assessment methods (in Czech)
Course credit: written credit test, active participation in seminars (fulfilment of seminar assignments)
Examination: written examination.
Language of instruction
English
Further Comments
Study Materials
The course is taught annually.
  • Enrolment Statistics (recent)
  • Permalink: https://is.mvso.cz/course/mvso/summer2024/XAPFI