MPV_VEF2 Public Finance 2

Faculty of Economics and Administration
Autumn 2024
Extent and Intensity
2/1/0. 8 credit(s). Type of Completion: zk (examination).
In-person direct teaching
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
Tue 14:00–15:50 P312, except Tue 17. 9., except Tue 5. 11.
  • Timetable of Seminar Groups:
MPV_VEF2/01: each even Wednesday 8:00–9:50 P102, except Wed 18. 9., E. Bakoš, R. Jahoda
MPV_VEF2/02: each odd Wednesday 8:00–9:50 P102, except Wed 6. 11., E. Bakoš, R. Jahoda
Prerequisites
The course is a follow-up to the Public Finance I course, students are expected to have full knowledge on this level.
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 on the one hand to deepen the theoretical knowledge of public finance and on the other hand to apply it to concrete examples from economic policy practice. The interpretation is based on the historical development of tax theories, on the basis of which we analyse in more detail tax principles and the possibilities of their application in achieving economic policy objectives. The second part of the course focuses on aspects of the long-term sustainability of public finances, fiscal federalism and the financing of selected areas of the public sector. The main objective of the seminars is to deepen the knowledge acquired in the lectures, where selected issues are discussed using practical examples (case studies, analyses, etc.).Students are divided into groups in which they prepare practically oriented seminar papers (case studies). They are thus encouraged to work as a team and deepen their presentation skills.
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
  • The content of the course is divided into two blocs. The first one concentrates more on tax policy, the second one deals with public finance sustainability issues. An indicative breakdown of topics: 1) Introduction to the course, revision of previous knowledge
  • 2) Tax incidence and equity – measurement and interpretation
  • 3) The supply side of the economy and taxation
  • 4) Current tax policy, its issues and future prospects in the Czech Republic
  • 5) Corporate income tax and personal income tax
  • 6) Indirect taxes - AT, excise duties
  • 7) Public Debt Management - European perspective I
  • 8) Public Debt Management - European perspective II (case of PIIGS countries)
  • 9) Fiscal aspects of the pension policy and its sustainability
  • 10) Fiscal aspects of the health care policy
  • 11) Innovative tools of public finance management and its innovations
Literature
    required literature
  • Taxing Wages 2024: Tax and Gender through the Lens of the Second Earner. Paris: OECD Publishing, 2024. Available from: https://dx.doi.org/10.1787/dbcbac85-en. info
  • MIRRLEES, James A. and Stuart ADAM. Tax by design : the Mirrlees review. 1st ed. Oxford: Oxford University Press, 2011, xvii, 531. ISBN 9780199553747. info
  • KUBÁTOVÁ, Květa. Daňová teorie a politika. 7. vydání. Praha: Wolters Kluwer, 2018, 269 stran. ISBN 9788075981653. info
  • HYMAN, David N. Public finance : a contemporary application of theory to policy. 11e. Stanford: Cengage Learning, 2014, xvi, 698. ISBN 9781285173955. info
    recommended literature
  • ULBRICH, Holley H. Public finance in theory and practice. Second edition. London: Routledge, Taylor & Francis Group, 2011, xviii, 365. ISBN 9780415585972. info
  • OCHRANA, František and Milan PŮČEK. Dosahování úspor ve veřejném sektoru. Vydání první. Praha: Univerzita Karlova, nakladatelství Karolinum, 2023, 156 stran. ISBN 9788024657615. info
Teaching methods
The course takes the form of both lectures and seminars. There are explained main thesis of the topics within lectures, which are further discussed during seminars. Students show their comprehension of the topic by interpretation and comparison of main relation within. Presentation of students' homework is a part of each seminar. Students focus on the particular problem from the given topic, which they analyze and demonstrate possible solutions with usage of a practical example.
Assessment methods
The course is concluded with an oral exam. The oral exam, however, might be omitted. Based on a continuous evaluation during the whole term, students acquire points: two written tests (each counts for 30 points) and elaboration (and presentation) of three group seminar works (each up to 10 points). The teacher can award students with “bonus” points for their activity during seminars and can assign voluntary Essay at the end of the semester (up to 10 points). The sum of points is the suggestion for a grade before the oral exam. The final grade does not differ more than two grade from suggested grade.
Classification scheme - suggested grade for the oral exam (roughly):
A (78 and more)
B [71 - 78)
C [65 - 71)
D [58 - 65)
E [53 - 58)
F [50 - 53)
grade X (this is final grade, student does not sit oral exam) [0 - 50)
Any aspects differing from the above are specified in the interactive syllabus before the semester starts.
Language of instruction
Czech
Further Comments
The course is taught annually.
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 2022, Autumn 2023.
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