Monetary and Public Finance
Instructor: Бранка Топић-Павковић, PhD, Associate Professor
The main objective of this subject is to familiarize students with contemporary theoretical and applied aspects of monetary and public finance in order to enable them to participate, as economists, in analyzing and solving practical problems in these areas. These are two separate but closely related scientific disciplines, which are an integral part of the finance as a broad scientific field. Monetary Finance, as a scientific discipline, studies the monetary system and monetary policy and it needs to provide students with basic knowledge and overview of achievements in this field. Public Finance needs to familiarize students with and enable them to master the numerous and complex issues and problems of the public finance system.
| Code : | О14МЈФ |
|---|---|
| Status: | C |
| Semestar: | 3th |
| Number of classes per week: | 4+2 |
| ЕECTS: | 8 |
| Teachers: |
Бранка Топић-Павковић,
PhD Associate Professor Никола Видовић, MSc Assistant |
| Prerequisites: | |
| Learning Outcomes (gained knowledge): | Upon completion of this course the student will gain basic knowledge about the objectives, basic institutions and instruments of fiscal and monetary policies, and principles and ways of functioning of the public sector. The student will be able to find the optimal solutions in the conduct of monetary and fiscal policy in the country through the application of fundamental knowledge of economic theory and policy, and will also be able to use the gained knowledge in the further study of these areas. |
| Subject Contents: | Introduction to monetary economics. Currency or money. Monetary instability. Monetary system. Monetary policy. Monetary aggregates. Monetary regulation. Introduction to public finance. Public expenditure. Public incomes. Budget. Public loan. Fiscal decentralization. |
| Teaching Methods and Learning Activities: | Lectures, i.e. systematic transfer of knowledge from the literature. During the classes, some of the topics will be discussed or illustrated by various simulations and programs for solving and analyzing of problems in which the students will play an active role. Illustrations and exercises imply two-way communication, and students are encouraged to freely express their views about the case studies for illustration and exercise. Discussion of cases studies – involves the processing of case studies in order to train the students to use the acquired knowledge for practical purposes. Independent students' seminar papers with the mandatory application of the Instructions for the preparation of scientific papers. |
| Literature: | Dušanić, Ј.; Špirić, N. (2009). Money. Banja Luka: Faculty of Economics; Ćirović, М. (1987). Monetary Economy. Belgrade: European Centre for Peace and Development. |
| Types of Assessment for the subject: | Colloquium I (0-20 points); Colloquium II (0-20 points); Final exam (0-50 points); Attendance (2point); Class activities (seminar papers, discussions, case studies) (0-8 points) |
| Special Remarks for the subject: |