B_VF Public Finances

University of Finance and Administration
Winter 2025
Extent and Intensity
2/1/0. 6 credit(s). Type of Completion: zk (examination).
Teacher(s)
doc. Ing. Jan Mertl, Ph.D. (seminar tutor)
Guaranteed by
doc. Ing. Jan Mertl, Ph.D.
Department of Finance – Departments – University of Finance and Administration
Contact Person: Ivana Plačková
Timetable of Seminar Groups
B_VF/cFPH: each even Tuesday 12:15–12:59 E309, each even Tuesday 13:00–13:45 E309, J. Mertl
B_VF/pFPH: Tue 10:30–11:14 E309, Tue 11:15–12:00 E309, J. Mertl
Prerequisites
There are no prerequisites for this course.
Course Enrolment Limitations
The course is offered to students of any study field.
Course objectives
After completion of this subject, the student will be able to :
explain basic terms from the field of public finance;
to understand the problems of public finances and their application especially in the practice of the Czech Republic;
explain the causes of existence and mechanism of functioning within the public sector;
explain the role of public goods in the economy;
understand how public choice systems work;
understand the issues of fiscal federalism and interpret spatial aspects of public finance;
understand system of public budgets and their fulfillment incl. pumping;
use information about public revenues and expenditures to evaluate public projects and programs, public procurement;
to answer the questions related to issues of a budget deficit and public debt; understand the issues of international public finance, especially in connection with the progressing globalization tendencies and the Czech Republic's membership in the European Union.
Learning outcomes
Students will be well informed on the current issues of public finances, their problems and challenges in the Czech Republic and other EU countries. At the end of this course, the student will be familiar with the revenue and expenditure side of public budgets and will be able to understand the issues of public finance and other socio-economic disciplines and explain the current state and issues of the public and non-profit sector as a whole.
Syllabus
  • 1. Introduction to public finance issues. The role of government in the economy.
  • 2. The public sector and public goods.
  • 3. Public choice and its significance for public finance.
  • 4. Fiscal federalism and spatial aspects of public finance.
  • 5. The system of public budgets. The state budget.
  • 6. The budget process. Budget chapters.
  • 7. Extra-budgetary funds. Social and health insurance.
  • 8. Public revenues, tax and non-tax revenues.
  • 9. Public expenditures, projects and programs, public procurement.
  • 10. Budgetary and fiscal policy. Fiscal imbalance, budget deficit, and public debt.
  • 11. Public finance and the European Union. Financing EU projects, drawing on European funds.
  • 12. International aspects of public finance.
Literature
    required literature
  • Peková, J. Veřejné finance. Teorie a praxe v ČR. Praha : Wolters Kluwer ČR, 2011. 644 s. ISBN 978-80-7357-698-1.
  • MAAYTOVÁ, A., F. OCHRANA a J. PAVEL. Veřejné finance v teorii a praxi. Praha: Grada Publishing, 2015. ISBN 978-80-247-9949-0.
  • Finardi, S., Nemec, J., Ochrana, F. a kol. Veřejné finance: teorie a praxe. Praha: Ekopress, 2020. ISBN 978-80-87865-53-6.
    recommended literature
  • HEJDUKOVÁ, P.Veřejné finance, teorie a praxe. Praha: C.H.Beck, 2015. ISBN 978-80-7400-298-4
  • Hamerníková, B., Maaytová, A. a kol.: Veřejné finance. 2. aktualizované vydání. Praha: Wolters Kluwer, 2010. ISBN 978-80-7357-497-0
  • PROVAZNÍKOVÁ, R. Financování měst, obcí a regionů. Praha: Grada Publishing, 2015. ISBN 978-80-247-5922-7.
  • Mertl, J. et al. (2023). Sociální politika. 7. vyd. Praha: Wolters Kluwer.
  • MF ČR. Státní rozpočet v kostce.
  • Monitor veřejných financí. https://monitor.statnipokladna.gov.cz/
Teaching methods
Lectures and exercises in full-time, controlled group consultations in combined form; minimum mandatory participation in exercises in full-time studies is 75%, the controlled group consultations in combined form 50%. "Lectures using power-point presentation. Students who fail to meet the compulsory rate of attendance may by assigned additional study obligations during the semester to an extent that will enable them to demonstrate the study results and aquired necessary for successful completion of the course.
Assessment methods
The course ends with an exam. The examination is in the form of a written test, duration 60 minutes. In order to pass the exam, 60 % of points must be obtained.
Language of instruction
Czech
Further Comments
The course can also be completed outside the examination period.
The course is also listed under the following terms Winter 2007, Summer 2008, Winter 2008, Summer 2009, Winter 2009, Summer 2010, Winter 2010, Summer 2011, Winter 2011, Winter 2015, Winter 2016, Winter 2017, Winter 2018, Winter 2019, Winter 2020, Winter 2021, Winter 2022, Winter 2023, Winter 2024, Winter 2026.
  • Enrolment Statistics (Winter 2025, recent)
  • Permalink: https://is.vsfs.cz/course/vsfs/winter2025/B_VF