Public Finance
- Credits: 6
- Ending: Examination
- Range: 2P + 2C
- Semester: summer
- Year: 2
- Faculty of Economics and Finance
Teachers
Included in study programs
Teaching results
Skills: Students will be able to articulate and evaluate theories about the role of government in the economy, particularly regarding taxation and expenditure programs.
• Knowledge and understanding: Students will demonstrate knowledge of empirical analysis on the effects of government policies on economic outcomes. Students will be able to use this knowledge to develop their own fact-based positions on political issues.
• Competence: Students will demonstrate knowledge of specific institutions in the US which are related to government taxation and expenditure programs. This knowledge will prepare students for jobs in the fields of public policy, economics, and business.
Indicative content
This course examines the role of the public sector in the economy with an emphasis on government expenditure programs and tax policy. The aim of the course is to provide an understanding of the nature of government intervention in the economy and the response of individuals and firms to government programs and policies. The course explores both theoretical models and empirical evidence.
1 Introduction to Public Finance
2 Theoretical Tools and Empirical Tools of Public Finance
3. Externalities
4. Private and Public Solutions to Externalities
5. Public Goods
6. Cost-Benefit analysis
7. Political Economy - Public choice
8. Fiscal Federalism
9. Income Distribution
10.Taxation: Background
11. Tax Incidence
12. Taxation: Efficiency and Optimality Considerations
Support literature
Gruber, Jonathan (2019). Public Finance and Public Policy, 6th edition, Worth Publishers: New York.
Requirements to complete the course
20 % midterm test,
20 % assignment,
60 % final exam
Student workload
Total study load (in hours): 156
Lectures 26 h,
Seminars 26 h,
Preparation for seminars 13 h,
Preparation of assignments 13 h,
Preparation for midterm test 26 h,
Preparation for final exam 52 h
Language whose command is required to complete the course
english
Date of approval: 28.01.2022
Date of the latest change: 27.01.2022