Course code Ekon2081

Credit points 2

Finance and Credit

Total Hours in Course80

Number of hours for lectures16

Number of hours for seminars and practical classes16

Independent study hours48

Date of course confirmation16.10.2019

Responsible UnitInstitute of Finance and Accounting

Course developer

author Finanšu un grāmatvedības institūts

Anita Kreicberga

Mg. sc. soc.

Course abstract

The aim of the course is to provide students with knowledge of the theory about financial, government budget, tax and banking systems, the structures of the systems, the relevant legal frameworks and the legal supervision in Latvia and the international financial environment. By using the acquired theoretical knowledge for practical research, the student acquires an understanding of financial processes.

Learning outcomes and their assessment

Students will be able to:
1. Demonstrate basic knowledge of finance, the government budget, taxes and credit. Test
2. Demonstrate the knowledge of financial processes, the basic principles and the mechanisms. Independent work, a report
3. Identify and explain on-going processes in the financial, tax, fiscal and bank lending fields and reasonably discus the processes based on the theoretical knowledge acquired. Independent work (report) and discussions
4. Apply the acquired knowledge in identifying and explaining financial processes. Test
5. Responsibly plan the completion of the assignments given. Independent work
6. Communicate and present the results of a research study done. Presentation and discussion on a report
7. Independently do a research study on financial problems and explain the research results. Independent work, discussions

8. Apply the relevant theoretical framework to explain on-going financial processes. Test

Course Content(Calendar)

1. Finance, financial management and financial institutions. International financial institutions. (Lecture-1 hour, practical work-1 hour).
2. Budget system, functions, process (Lecture-2 hours, practical work-1 hour).
3. State and municipal budgets. Basic budget and special budgets (Lecture-2 hours, practical work-1 hour).
4. Maastricht criteria, essence and fulfillment. Deficit and government debt (Lecture-2 hours, practical work-2 hours).
5. Nature, functions, basic principles, elements of taxes (Lecture-1 hour, practical work-1 hour).
6. Tax classifications (Lecture-1 hour, practical work-1 hour).
7. Tax policy, tax administration (Lecture-2 hours, practical work-1 hour).
8. Test - fiscal policy aspects (budget and taxes) (1 hour).
9. Financial market, its supervision, Financial and capital market commission (Lecture-1 hour, practical work-1 hour).
10. Lending. Banking system (Lecture-2 hours, practical work-1 hour).
11. The Bank of Latvia - the Central Bank of Latvia. Credit policy (Lecture-1 hour, practical work-1 hour).
12. Activities of the European Central Bank (Lecture-1 hour, practical work-1 hour).
13. Discussion, group work and presentation of independent work (report) (2 hours).

14. Test - Credit and financial market aspects (1 hour)

Requirements for awarding credit points

1) The student should choose research direction in one of the topics:
(a) Financial system and policy
(b) Tax system and policy
(c) Budgetary framework and policy
(d) Banking system and credit policy;
write a report and present the results of the research.
2) Write a test paper on Financial and budgetary systems.
3) Write a test paper on Tax and lending systems

4) Pass the exam for the entire course

Description of the organization and tasks of students’ independent work

Acquire and consolidate theory material in preparation for test work. Study independently and prepare a report with a presentation.

Criteria for Evaluating Learning Outcomes

1) Report, discussions. Weight 30%
2) Test Financial and budgetary systems. Weight 15%
3) Test Tax and lending systems Weight 15%
4) Examination. All the topics. Weight 40%

10% are equal to one point on a 10-point marking scale

Compulsory reading

1. Jurušs M. Nodokļi. Rīga; Rīgas Tehniskā universitāte, 2019. 172 lpp.
2. Ketners K. Nodokļi un nodokļu plānošanas principi. Rīga; SIA „Tehnoinform Latvia”, 2018. 321 lpp.
3. Andrejeva V., Ketners K. Valsts ieņēmumu teorijas pamati: mācību grāmata. Rīga: RTU, 2007. 352 lpp.
4. Kavale L, Joppe A. Nodokļu politikas un administrēšanas pamati: mācību līdzeklis. Rīga: LU Akadēmiskais apgāds, 2008. 80 lpp.
5. Kavale L. Budžets un finanses: mācību līdzeklis. Rīga: LU Akadēmiskais apgāds, 2008. 44 lpp.
6. Krogzeme H. Finanses un nodokļi. Rīga; RTU Inženierekonomikas un vadības fakultāte, 2010. 568 lpp.
7. Kutuzova O. Finanses un kredīts. Rīga; Biznesa augstskola Turība, 2012. 224 lpp.

Further reading

1. Gončarovs G. Finanšu teorija. Latvijas Universitāte. Rīga, 2000. 107 lpp.
2. Ketners K., Pētersone M. Eiropas Savienības nodokļu politika: mācību līdzeklis. Rīga: RTU Izdevniecība, 2014. 207 lpp.
3. Sīpola E. Mūsdienu nodokļu teorija. Rīga: RTU, 2001. 159 lpp.

Periodicals and other sources

1. Latvijas Bankas [tiešsaiste]. Pieejams: https://www.bank.lv/
2. Finanšu ministrija [tiešsaiste]. Pieejams: https://www.fm.gov.lv/
3. Finanšu un kapitāla tirgus komisija [tiešsaiste]. Pieejams: http:// www.fktk.lv/
4. Latvijas Republikas tiesību akti [tiešsaiste]. Pieejams: http:www.likumi.lv/
5. Valsts ieņēmumu dienests [tiešsaiste]. Pieejams: http://www.vid.gov.lv/

Notes

Field theoretical basic course and technology course (Part B2) for Professional Bachelor’s Study Programme Entrepreneurship and Business Management