Overview
Aims
To acquire fundamental knowledge about and abilities to use the concepts, principles, mechanisms, methods and instruments in the field of public finance;
To explain and critically analyze the budget system, the revenues (especially taxes) and expenditures of the state and the financing posibilities of the deficit.
Use of microeconomic tools to understand the impacts of fiscal policies
Course contents
1. Introduction in finance – economic content, functions. 2. Financial system and financial mechanism. 3. Fiscal policy. 4. Financial institutions. 5. The budget system. 6. Public expenditures. 7. Public incomes. 8. General view about taxes. 9. Public debt.
Learning outcomes
Adequate use of the concepts, methods and instruments in the field of public and private finance; Applying financial concepts, mechanisms, methods, instruments in private or public organizations to solve specific problems..
Assessment
Exam – 60%; verification during semester (project) – 40%.