Course aims:

To acquire fundamental knowledge about and abilities to use the concepts, principles, mechanisms, methods and instruments in the field of public and private 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 Entry Requirements:

Not needed

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.

Teaching methods:

Lecture, conversation, exemplification.

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.

Learning outcomes verification and assessment criteria:

Exam – 60%; verification during semester (project) – 40%.

Recommended reading:

Mikesell J., Fiscal Administration, Eighth Edition, Wadsworth, -, 2010, -.
Rosen H., Gayer T.,, Public finance, McGraw-Hill, -, 2014, -.
Hyman D.,, Public Finance: A Contemporary Application of Theory to Policy, Cengage Learning, South-Western, 2011, -.
Gruber J., Public finance and public policy, 5th edition, Worth Publishers, New York, 2015, -.
GHOSH, Ambar & GHOSH, Chandana, Public Finance, PHI Learning Private Limited, Delhi, 2018, -.
Aman KHAN, FUNDAMENTALS OF PUBLIC BUDGETING AND FINANCE, PALGRAVE MACMILLAN, -, 2019, -.