Requirements for gaining the credit:
Credit test: maximum possible number of points is 20, while the minimum number of points needed for the credit is 10 (i.e. 50 %), and one resit is possible.

Examination requirements:
The examination is in writing. The examination can only be taken by students who have applied through IS and have the credit entered. The examination contains test and open questions. The time available for the examination is 40 minutes, the maximum number of points available is 80, and in order to pass the examination it is necessary to get at least 40 points (i.e. 50 %).

The resulting mark for the course is the sum of the points from the seminars and the examination, and the resulting grade is in accordance with the BUT Study and Examination Regulations.

Attendance at lectures is recommended. Teaching takes place in accordance with the semester timetable. The means of substituting for missed lectures and seminars is fully in the teachers’ competence.

The main objective of the course is to create a link between public finance theory and, in the broader sense, public economy theory on the one hand, and the modern application of these theories in the sphere of public finance on the other. To achieve this it is necessary that students acquire a basic knowledge of public finance and public economics and understand the dependence of public finance on public choices.

Knowledge: The student can enumerate and describe the basic relations in public finances, can analyse, describe and explain the links between public finances and elections. The student can explain the terms public good, the public sector, public revenue and expenditure, budgetary system, public budget and tax revenue. They can define the main aspects of decision-making in the public sector. They can analyse the impact of a budget deficit and public debt on the economic development of the country both in the short and long term.

Skills: The student can find, sort and correctly interpret socioeconomic data concerning the public sector, is able to consider the impact of expected fiscal developments at the levels of the central and decentralised budgets. They are able to foresee the consequences of fiscal development for the enterprise.

General abilities: The student has the ability to orient themselves in current politico-economic reality, continuously monitors and evaluates the economic, political and social situation in the Czech Republic and in the international context. They are able to analyse the normally available information on the economic and political development of the country. They can work in a team and are able to present their views and defend them in discussion.

Presentations and other study materials in E-learning, basic and recommended reading.

• Programme BAK-UAD Bachelor's 1 year of study, summer semester, compulsory