(in Polish) Polityka fiskalna- cele, instrumenty i skuteczność 2400-PL3SL318A
1. Public revenue (types of public revenue, classification of taxes, tax collection techniques, the specific role of tax progression, distribution of the tax burden, optimal direct and indirect taxation, tax systems in the European Union and other countries).
2. Public expenditure (types of public expenditure, growth of public expenditure, Wagner's law, the Peacock-Wiseman hypothesis, conditions for the efficiency of public expenditure, the impact of public expenditure on the private sector, public expenditure as an instrument of income redistribution).
3. The state budget (budgetary principles, implementation of the state budget, accounting for the execution of the state budget, the course of the budget cycle, factors affecting the budget balance, the mechanism of budget deficit formation).
4. Budget deficit and public debt (types of budget deficit and public debt, causes of public debt, public debt instruments, public debt dynamics, public debt management, limits to public debt and the cost of servicing public debt).
5. Fiscal policy (objectives of fiscal policy, instruments of fiscal policy, criteria for assessing the effectiveness of fiscal policy, fiscal policy and social security systems, fiscal policy and population ageing, fiscal stabilisation policy, the Ricardian equivalence concept, Haavelmo's theorem, the relationship between fiscal policy and monetary policy).
6. Fiscal policy in the face of globalisation (changes in the structure of public revenue and expenditure as a consequence of international economic integration /the EU as an example/, harmonisation of direct and indirect taxes in the EU, tax competition between integrated economic areas, state fiscal policy and the competitiveness of the economy, tax avoidance and evasion in the age of globalisation, and the consequences of the globalisation of financial markets for public debt management).
Type of course
Course coordinators
Learning outcomes
Upon completing the course, students will have an in-depth understanding of fiscal policy within modern public finance systems. They will be able to apply their theoretical knowledge to describe and analyse multidimensional economic phenomena and processes within this field. Having written their Bachelor's thesis on fiscal policy as an element of the public finance system, students will be capable of producing an extended written piece of work in the field of economics. They will also be able to set appropriate priorities for implementing the task in question.
Assessment criteria
In order to pass the entire course, a dissertation must be submitted to the Student Office by the end of the final semester of the seminar.
Bibliography
Barr N., Economics of the Welfare State, Sixth Edition, Oxford University Press, 2020
Creedy J., Tax and Transfer Tensions, Designing Direct Tax Structures, Edward Elgar Publishing Limited, Cheltenham, UK, Northampton, MA, USA 2011
European Commission: Directorate-General for Taxation and Customs Union, Taxation trends in the European Union – Data for the EU Member States, Iceland, Norway – 2022 edition, Publications Office of the European Union, 2022
Modern Public Fiannce, Volume I & Volume II, edited by Atkinson, A. B. The International Library of Critical Writings in Economics 15, An Elgar Reference Collection, 1991 Musgrave R. A, Public Finance in a Democratic Society, Edward Elgar Publishing Limited, 2000
Raghbendra J. Modern Public Economics, Routledge, London, New York 1998
Rosen H. S., Gayer T., Public Finance, Global Edition, MCGRAW-HILL 2014
Rosen H. S., Public Finance, MCGRAW-HILL Education - Europe 2021
Stiglitz J., Economics of the Public Sector, W. W. Norton & Co Ltd., 2015
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
The Macroeconomics of Fiscal Policy First Edition, Richard W. Kopcke (Editor), Geoffrey M. B. Tootell (Editor), Robert K. Triest (Editor), The MIT Press, Massachusetts Institute of Technology Cambridge, Massachusetts 2006.
The additional literature required for each student will be decided on an individual basis, depending on their chosen dissertation topic.
Additional information
Additional information (registration calendar, class conductors, localization and schedules of classes), might be available in the USOSweb system: