Public finance I

obligatory courses

Lecture on Public Finance consists of two parts: Public Finance I and Public Finance II. The aim of the course is to introduce students to public finance theory and practice, with a particular focus on public finance in Poland. After completing the course, students will have the ability to understand and analyze the economic processes taking place in modern public finance systems, which represent one of the major part of the whole economic system.

Public Finance I course includes the following main topics: (1) Public finance interdisciplinarity; (2) The main functions of public finance; (3) Public revenue and public expenditure; (4) Budget deficit and public debt; (5) Fiscal policy; (6) Public finance system in Poland; (7) Tax systems in different countries; (8) International public finance and globalization.

1. Public finance as a scientific discipline. Public finance interdisciplinarity.

2. Public finance in a historical perspective (public finance and the Keynesian theory, neoclassical theory, monetarism and fiscal conservatism).

3. The main functions of public finance (the fiscal function, the stabilization function, the redistributive function, the allocative function).

4. Public finance legal framework (public finance legal definition, basic public finance legislation in Poland and other European Union countries).

5. The public finance sector as one of the main components of the financial system in the economy.

6. Public revenue (sources of public revenue, tax definition, tax classification, properties of a “good” tax system, tax progressivity, tax incidence, optimal taxation theory).

7. Public expenditure (the Wagner law, different expenditure policies, public expenditures as an instrument for redistribution).

8. The state budget (the state budget cycle, the state budget discipline, the state budget deficit).

9. Public debt (the reasons for public debt, the types of public debt, public debt management, the real costs of public debt).

10. Fiscal policy (the aims of fiscal policy, fiscal policy instruments, fiscal policy versus monetary policy)

11. Public finance system in Poland.

12. Tax system in an international perspective (the history of tax systems before World War II, taxation in modern public finance systems, the north/south taxation mentality).

13. Tax systems in different countries (tax system in Sweden, Russia, Canada, USA, Japan, Brazil and China).

14. International public finance and globalization.

Malinowska-Misiąg E., Misiąg W., Finanse publiczne w Polsce, Wydawnictwo Prawnicze LexisNexis, Warszawa 2007

Osiatyński J., Finanse publiczne - Ekonomia i polityka, Wydawnictwo Naukowe PWN, Warszawa 2006

Owsiak S., Finanse publiczne, Teoria i praktyka, Wydawnictwo Naukowe PWN, Warszawa 2006

Rosen H. S., Gayer T., Public Finance, McGraw-Hill, 2010

Stiglitz J., Economics of the Public Sector, W. W. Norton & Co Ltd., 2004

Wach K., Systemy podatkowe krajów Unii Europejskiej, Oficyna Ekonomiczna, Kraków 2006

Wolański R., System podatkowy w Polsce, Seria akademicka, Kantor Wydawniczy Zakamycze, Zakamycze 2004

Ziółkowska W., Finanse Publiczne, Teoria i zastosowanie, Wydawnictwo Wyższej Szkoły Bankowej, Poznań 2005

supplementary:

Barr N., Econoics of the Welfare State, Oxford University Press, 2004

Champernowne D.G., Cowell F.A., Economic Inequality and Income Distribution, Cambridge University Press, Cambridge 1998

Creedy J., Modelling Income Distribution, Edward Elgar Publishing Limited, Cheltenham, UK 2002

Creedy J., Tax and Transfer Tensions, Designing Direct Tax Structures, Edward Elgar Publishing Limited, Cheltenham, UK 2011

Dolata S., Podstawy wiedzy o polskim systemie podatkowym, Lex a Wolters Kluwer Polska Sp. z o.o., Warszawa 2011

Finanse, Praca zbiorowa pod redakcją prof. dr hab. J. Ostaszewskiego, Centrum Doradztwa i Informacji Difin Sp. z o. o., Warszawa 2005

Głuchowski J., Patyk J., Zarys polskiego prawa podatkowego, LexisNexis, Warszawa 2011

Grądalski F., Wstęp do teorii opodatkowania, Szkoła Główna Handlowa w Warszawie, Warszawa 2004

Guziejewska B., Finanse publiczne wobec wyzwań globalizacji, Wydawnictwo Poltex, 2010

Handbook of Income Distribution, red. Atkinson A.B., Bourguignon F., Handbooks in Economics, North-Holland, Elsevier, 2000

Hildreth B., Richardson J., Handbook of Taxation, Marcel Dekker, New York 1999

Krajewska A., Podatki: Polska, Unia Europejska, Kraje Nadbałtyckie, PWE, Warszawa 2004

Korenik D., Korenik S., Podstawy Finansów, Wydawnictwo Naukowe PWN, Warszawa 2004

Kudła J., Ekonomia opodatkowania międzynarodowego, Difin, Warszawa 2013

Modern Public Finance. red. Atkinson A.B. An Elgar Reference Collection, 1991.

Musgrave R. A, Public Finance in a Democratic Society, Edward Elgar Publishing Limited, 2000

Owsiak S., Podstawy nauki finansów, Polskie Wydawnictwo Ekonomiczne, Warszawa 2002

Pietrzak B., Polański Z., Woźniak B., System finansowy w Polsce, Wydawnictwo Naukowe PWN, Warszawa 2003

Raghbendra J. Modern Public Economics, Routledge, London, New York 1998

Rosen H. S., Public Finance, IRWIN, Homewood, Boston 2005

Rosiński R., Polski system podatkowy, Poszukiwanie optymalnych rozwiązań, Difin, Warszawa 2010

System finansowy w Polsce, red. Pietrzak B., Polański Z., Woźniak B., Wydawnictwo Naukowe PWN, Warszawa 2008

Tax Reform in Open Economies, International and Country Perspectives, red. Claus I., Gemmell N., Harding M., White D., Edward Elgar Publishing Limited, Cheltenham, UK, Northampton, MA, USA 2010

Teoretyczne podstawy reform podatków w Polsce, red. naukowa Ostaszewski J., Difin, Warszawa 2004

Wach K., Systemy podatkowe krajów Unii Europejskiej, Oficyna Ekonomiczna, Oddział Polskich Wydawnictw Profesjonalnych, Kraków 2006

Wernik A., Finanse Publiczne, Polskie Wydawnictwo Ekonomiczne, Warszawa 2011

Wyrzykowski W., Polski system podatków i opłat w zarysie, Scientific Publishing Group, Gdańsk 2004

Successful completion of the course provides a basis for theoretical and empirical modern public finance systems analysis based on the knowledge gained during the course.

(S1A_W01; S1A_W02; S1A_W03; S1A_W04; S1AW06; S1A_W07; S1A_W08; S1A_W09, S1A_U1; S1A_U02; S1A_U03; S1A_U05; S1A_U06; S1A_U07; S1A_U08; S1A_U09; S1A_U10; S1A_K01; S1A_K02; S2_K03; S2_K05; S2_K06)

activity during classes=15%, presentation = 25% and written exam = 60%

rating scale:

<50-60%) 3

<60-70%) 3+

<70-80%) 4

<80-90%) 4+

<90-100%) 5