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Public Finance - NMFM306

Title:	Veřejné finance
Guaranteed by:	Department of Probability and Mathematical Statistics (32-KPMS)
Faculty:	Faculty of Mathematics and Physics
Actual:	from 2012 to 2015
Semester:	summer
E-Credits:	3
Hours per week, examination:	summer s.:2/0, Ex [HT]
Capacity:	unlimited
Min. number of students:	unlimited
4EU+:	no
Virtual mobility / capacity:	no
State of the course:	taught
Language:	English
Teaching methods:	full-time
Teaching methods:	full-time

Guarantor:	PhDr. Natálie Švarcová, Ph.D.
Class:	M Bc. FM M Bc. FM > Doporučené volitelné
Classification:	Economics > Financial Economics Mathematics > Financial and Insurance Math.
Incompatibility :	NFAP006
Interchangeability :	NFAP006
Is interchangeable with:	NFAP006

Opinion survey results Examination dates Schedule Noticeboard

Files		Comments	Added by
	Syllabus Public Finance 2023-2024 IES CUNI.pdf	Syllabus 2024	PhDr. Miroslav Palanský, Ph.D.

Annotation -

Last update: RNDr. Jitka Zichová, Dr. (06.05.2021)

Basic principles of public finance. The course is organized at the Faculty of Social Sciences, Charles University. Course in english. Required course for bachelor's program in Financial mathematics.

Aim of the course -

Last update: G_M (24.04.2012)

To explain fundamentals of public finance.

Literature - Czech

Last update: PhDr. Natálie Švarcová, Ph.D. (11.02.2013)

• 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

Teaching methods -

Last update: G_M (24.04.2012)

Lecture.

Syllabus -

Last update: PhDr. Natálie Švarcová, Ph.D. (11.02.2013)

• 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 Paternalism

o Efficiency equity trade-off

• Public goods

o Types of public goods

o Efficient provision of public goods

• Public choice

o Voting

o Majority rule

• Government Bureaucracy

o Principal agent problem

o Rent-seeking

• Externalities

o Private solutions to externalities

o Public solution to externalities

• Expenditure programs

o Education

o Pension systems

o Health care and health insurance

• Financing public programs

o Taxation and economic efficiency

o Tax incidence

o Government borrowing

• Choice of taxation

o Optimal taxation - Ramsey rule, equal sacrifice

o Capital and other tax bases

Entry requirements -

Last update: RNDr. Jitka Zichová, Dr. (15.02.2018)

Introductory course in Economics (e.g. NZZZ061, NMFM260)

Registration requirements

Last update: RNDr. Jitka Zichová, Dr. (15.02.2018)

Zapisuje se po dohodě s oddělením finanční a pojistné matematiky KPMS.