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Public Finance - JEB025

Title:	Public Finance
Guaranteed by:	Institute of Economic Studies (23-IES)
Faculty:	Faculty of Social Sciences
Actual:	from 2017 to 2018
Semester:	summer
E-Credits:	5
Examination process:	summer s.:
Hours per week, examination:	summer s.:2/0, Ex [HT]
Capacity:	185 / unknown (185)
Min. number of students:	unlimited
4EU+:	no
Virtual mobility / capacity:	no
State of the course:	taught
Language:	English
Teaching methods:	full-time
Additional information:	http://ies.fsv.cuni.cz/en/syllab/JEB025
Note:	course can be enrolled in outside the study plan enabled for web enrollment priority enrollment if the course is part of the study plan

Guarantor:	PhDr. Natálie Švarcová, Ph.D.
Teacher(s):	prof. Petr Janský, Ph.D. PhDr. Miroslav Palanský, Ph.D.
Class:	Courses for incoming students
Pre-requisite :	JEB003
Is incompatible with:	JPM249, JEM164

Examination dates Schedule Noticeboard

Files		Comments	Added by
	250125 Public Finance syllabus.pdf	Syllabus 2025	PhDr. Miroslav Palanský, Ph.D.

Annotation -

The course deals with standard public finance topics: we start with an introduction to the economic rationale for government, we define public goods and basic principles of public expenditures. The major part of the course is then devoted to the theory of taxation, i.e. how taxes influence behavior, and analysis of public expenditure theories, namely public choice theory. We conclude with an overview of political economy and with some applications of the theories we studied.

Last update: Janský Petr, prof., Ph.D. (13.11.2019)

Course completion requirements -

Home assignments: max. 20 points

Wiki edit: 20 points

Final test: max. 60 points

Grading:

Interval Grade

91 - 100 A

81 - 90 B

71 - 80 C

61 - 70 D

51 - 60 E

0 - 50 F

Last update: Janský Petr, prof., Ph.D. (13.11.2019)

Literature -

•   Stiglitz, J.E. (2000) Economics of the Public Sector, 3. Edition
•   Hillman, A.L. (2009) Public Finance and Public Policy, Responsibilities and Limitations of Government, Cambridge University Press
•   Gruber, J. (2010) Public Finance and Public Policy, Worth Publishers
•   Hindriks, J., Myles, G.D. (2006) Intermediate Public Economics, The MIT Press
•   Barr, N. (2004) The Economics of the Welfare State, Stanford University Press
•   Cullis, J., Jones, P. (1998) Public Finance and Public Choice, McGraw Hill

Last update: Janský Petr, prof., Ph.D. (13.11.2019)

Syllabus -

•   Introduction
o   Four questions of public finance
o   Facts on governments around the world
o   Why study public finance now?

•   Economic Rationale for the Government
o   Efficiency of the markets
o   Market failures
o   Distributive justice
o   Efficiency equity trade-off

•   Public goods, cost-benefit analysis
o   Types of public goods
o   Efficient provision of public goods

• Public choice theory, political economy
o Voting
o Majority rule
o Revealing preferences

•   Externalities and the environment
o   Private solutions to externalities
o   Public solutions to externalities
o   Protecting the environment

•   Expenditure programs, decentralization
o   Efficiency and distributional consequences
o   Public policy objectives
o   Decentralization: revenues and expenditures

•   Financing public programs
o   Taxation and economic efficiency
o   Tax incidence
o   Government borrowing

• The welfare state
o Social insurance
o National security
o Education

• Taxation
o How and what to tax
o Tax incidence and efficiency
o Personal income taxation
o Corporate income taxation
o Tax avoidance and evasion
o Optimal taxation - Ramsey rule, equal sacrifice

Last update: Janský Petr, prof., Ph.D. (23.09.2019)