Last update: doc. Petr Janský, M.Sc., Ph.D. (13.11.2019)
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: PhDr. Miroslav Palanský, Ph.D. (16.02.2017)
Kurz se zabývá běžnými tématy veřejných financí: úvodem zdůvodníme ekonomickou roli státu, definujeme veřejné statky a základní principy veřejných výdajů. Velká část kurzu je poté věnována teorii zdanění, tj. jak daně ovlivňují chování, a analýze teorie veřejných výdajů, konkrétně teorie veřejné volby. Nakonec shrneme základy politické ekonomie a probereme některé aplikace studovaných teorií.
Course completion requirements -
Last update: doc. Petr Janský, M.Sc., Ph.D. (13.11.2019)
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: PhDr. Miroslav Palanský, Ph.D. (09.05.2018)
Domácí úkoly: celkem max. 20 bodů
Wiki: max. 20 bodů
Závěrečný test: max. 60 bodů
Hodnocení:
91 - 100 A
81 - 90 B
71 - 80 C
61 - 70 D
51 - 60 E
0 - 50 F
Literature -
Last update: doc. Petr Janský, M.Sc., Ph.D. (13.11.2019)
• 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: PhDr. Miroslav Palanský, Ph.D. (16.02.2017)
• 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
Syllabus -
Last update: doc. Petr Janský, M.Sc., Ph.D. (23.09.2019)
• 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: PhDr. Miroslav Palanský, Ph.D. (06.02.2018)