Objectives and competences
Main course objective is to understand the complexity of functioning of governemnt in the field of public finance and acquire specific knowledge in the field of allocation, redistribution and stabilisation functions of public finance, optimal taxation, effects of public finance measures on economy, effects of public finance measures on long term sustainability of public finance and the role of fiscal instruments in environmental protection.
Content (Syllabus outline)
1. Allocation function of public finance
2.Tax incidence, tax burden and optimal taxes
3. Taxes, expenditures and their effects in the economy
4. Government and redistribution of income
5. Fiscal deficit and public debt
6. Changes in the fiscal policy position
7. Long-term sustainability of public finance
8. Fiscal instruments and the environmental protection
Learning and teaching methods
Common lectures
AV presentations
Case studies
Intended learning outcomes - knowledge and understanding
In this course students:
1.Systematically enhance their knowledge of public finances and fiscal functions (PILO 2a).
2.Compare and analyse the fiscal position of different countries and their long-term sustainability (PILO 2a, PILO 2b).
3. Critically analyse complex, incomplete and contradictory views on fiscal issues and understandably explain the results of their critical analysis (PILO 2b, PILO 2c).
4.Acquire the ability to search for and synthesize new information and data from the fiscal position and to place them in an appropriate professional framework (PILO 3a).
5.Are aware of the ethical and professional responsibility of fiscal decision-makers (PILO 4a).
6.Critically assess the sustainable and social impact of public finances (PILO 4b).
The PILO label (i.e., Programme Intended Learning Outcomes) defines the contribution of each listed intended learning outcome of a course towards achieving the general and/or subject-specific competencies or learning outcomes acquired through the programme.
Intended learning outcomes - transferable/key skills and other attributes
In this course students:
1.Systematically enhance their knowledge of public finances and fiscal functions (PILO 2a).
2.Compare and analyse the fiscal position of different countries and their long-term sustainability (PILO 2a, PILO 2b).
3. Critically analyse complex, incomplete and contradictory views on fiscal issues and understandably explain the results of their critical analysis (PILO 2b, PILO 2c).
4.Acquire the ability to search for and synthesize new information and data from the fiscal position and to place them in an appropriate professional framework (PILO 3a).
5.Are aware of the ethical and professional responsibility of fiscal decision-makers (PILO 4a).
6.Critically assess the sustainable and social impact of public finances (PILO 4b).
The PILO label (i.e., Programme Intended Learning Outcomes) defines the contribution of each listed intended learning outcome of a course towards achieving the general and/or subject-specific competencies or learning outcomes acquired through the programme.
Readings
Rosen, Harvey S., Ted Gayer. 2014. Public Finance. McGraw-Hill, 10th edition (izbrana poglavja)
Stanovnik Tine. 2013.Javne finance. Univerza v Ljubljani. Ekonomska fakulteta. Ljubljana (izbrana poglavja)
Delakorda, Aleš. 2023. Simulacije dolga sektorja država ob predlaganih spremembah ekonomskega upravljanja v EU. Fiskalni svet RS. Dosegljivo:
https://www.fs-rs.si/wp-content/uploads/2023/03/Simulacije_dolga_sektorja_drzava_marec2023.pdf
Fiskalni svet RS (2023). Javnofinančna in makroekonomska gibanja. Dosegljivo:
https://www.fs-rs.si/wp-content/uploads/2023/07/JMG_202302.pdf (ali novejše).
Aktualni članki in analize s področja javnih financ.
Additional information on implementation and assessment Written exam or midterm tests.
Seminar work
Written exam or midterm tests - written exam or two midterm tests covering all major thematic areas. The student must score at least 56% of the points in both tests in total, and at least 45% of the points of that test in each individual test.
Seminar work - writing an individual seminar paper and oral presentation.
