762 Local Public Finance
- Study programme and level: Master’s joint study programme Management in Administration 2nd Cycle
- 2nd year
- 7 ECTS
- Course type: proffesional elective
- Lectures: 21
- Seminar: 11
- Other study activities: 118
- Individual work: 60
- Language: English, Serbian, Slovene
- Lecturer: Maja Klun, PhD, Vesna Bogojević Arsić, PhD, Nevenka Žarkić Joksimović, PhD
1. Content (Syllabus outline)
- Relationship between state and local finance
- EU recommendations for local financing
- International comparison of local public finance
- Trends in local public finance structure
- Pro and cons of centralization/decentralization
- Optimal size of local government
- Optimal supply of local public goods
- Local budget
- Management of local expenditure
- Planning of local project
- Performance measurement
- EU and local public finance
- Fisher, R. C. (2007), State & local public finance. Thomson South Western Publishing.
- Loughlin J., Hendriks F., Lindstrom A. (2011), The Oxford handbook of local and regional democracy in Europe. New York: Oxford University press.
- Allers M. Milunovič V., Vlaj S. (2007), Sub-national public finance in the European Union. Paris: Dexia Credit Local.
- Eurostat: URL:http://epp.eurostat.cec.eu.int
- OECD: URL: oecd.org
- EU: URL: http.//europa.eu.int/economy_finance
- 4. Dexia: Local finance in the EU; URL: dexia-creditlocal.fr
3. Objectives and competences
A more detailed consideration of local public finance and their relationship with state budget. Local public finance are closely connected with local functions and roles, therefore the understanding pro an cons of (de)centralization of public finance and determination of optimal size of local public finance is necessary.
Students will employ general and specific competences:
- be able to understand complex questions, problems and the content of local public finance
- develop creative thinking and application of new knowledge
- autonomously solve the professional problems and scientific ones,
- be able to analyse, synthesize and evaluate,
- be able to manage local finance.
4. Intended learning outcomes:
Knowledge and understanding:
Students are able to apply the knowledge and understanding gained in a professional manner in their work or profession, solve problems pertaining to the field of administrative and legal work in the field of local public finance and substantiate these solutions. They are able to collect the necessary data and find adequate solutions by pondering different values. They are able to communicate in their respective fields with both experts from this field and laymen.
5. Learning and teaching methods:
During seminar work students will learned how to prepare seminar work, learn through case studies, analysis of data and presentations.
A written or oral exam. 80%
Seminar paper. 20%