| Course title | Budget and Tax Policy |
| Course code | Ekon5158 |
| Credit points (ECTS) | 3 |
| Total Hours in Course | 81 |
| Number of hours for lectures | 12 |
| Number of hours for seminars and practical classes | 12 |
| Independent study hours | 57 |
| Date of course confirmation | 16/02/2022 |
| Responsible Unit | Institute of Economics and Finance |
| Course developers | |
| Dr. oec., prof. Inguna Leibus Ph.D., doc. Baiba Mistre Mg. sc. soc., lekt. Anita Kreicberga |
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| There is no prerequisite knowledge required for this course | |
| Course abstract | |
| The course extends the knowledge of budget and tax theory and gives an in-depth understanding of budget and tax policies in the Republic of Latvia and the European Union. The study course develops skills to evaluate, analyse in detail and structure the ongoing processes in budget and tax policy, as well as to forecast budget and tax policy in specific economic conditions. | |
| Learning outcomes and their assessment | |
| 1.Able to demonstrate in-depth knowledge of the theoretical and regulatory framework of the budget (basic budget) and related taxes, evaluate issues and trends in Latvia and the European Union (EU)- Independent task - research, presentation (group work), discussion in the lesson.
2.Able to show in-depth knowledge and understanding of the problematic aspects of the state social insurance special budget, basic budget and local government budget policy in the field of social protection in Latvia and the EU- Independent task - research, presentation (group work), discussion in the lesson. 3.Able to independently evaluate the basic budget, state social insurance special budget, local government budgets and related taxes in Latvia and the EU- Independent task - research, presentation (group work). 4.Able to argue about aspects of budget and tax policy, draw reasonable conclusions and develop proposals according to the research problem- Independent task - research, presentation (group work), discussion in the lesson. 5.Able to logically, argumentatively and reasonably study the chosen topic and get involved in group work- Independent task - research, presentation (group work), discussion in the lesson. 6.Able to work in a group for joint research, is able to plan the time for work, participate in discussions and present research - Independent task - research, presentation (group work), discussion in the lesson. 7.Able to independently prepare research work and presentation on the basic budget, state social insurance special budget, local government budgets and related taxes in Latvia and the EU - Independent task - research, presentation (group work), discussion in the lesson. |
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| Course Content(Calendar) | |
| 1.Theoretical and practical aspects of budget essence and system (lectures 2 hours, practical work 3 hours)
2.Budget structure and development mechanisms (lectures 4 hours, practical work 4 hours) 3.EU budget, basic principles and structure of its formation (lectures 2 hours, practical work 1 hour) 4.Theoretical and historical substantiation of the essence and objective necessity of taxes (lectures 2 hours, practical works 2 hours) 5.Tax policy, its instruments, types (lecture 1 hour, practical work 1 hour) 6.Structure of the tax system, content of classification and administration (lecture 1 hour, practical work 1 hour) |
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| Requirements for awarding credit points | |
| The assessment of the study course consists of two independent works - research and two presentations (group work):
1. Budget and tax policy, problems, trends, research and analytical evaluation in Latvia and the EU. 2. Evaluation of the state social insurance special budget, basic budget and municipal budget policy in the context of social protection in Latvia and the EU. |
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| Description of the organization and tasks of students’ independent work | |
| Prepare research papers and presentations. | |
| Criteria for Evaluating Learning Outcomes | |
| In order for a student to receive a "Pass" grade, they must obtain at least 60% of the grade in each of the independent research projects and presentations (group work) in the study course. | |
| Compulsory reading | |
| 1.Jurušs M. Nodokļi. Rīga: RTU Izdevniecība, 2019. 176 lpp.
2.Ketners K. Nodokļi un nodokļu plānošanas principi. Rīga: Tehnoinform Latvia, Info Tilts, 2018. 321 lpp. 3.Kavale L. Budžets un finanses. Mācību līdzeklis. Rīga: LU Akadēmiskais apgāds, 2008. 44 lpp. 4.Ketners K., Pētersone M. Eiropas nodokļu politika. Mācību līdzeklis. Rīga: RTU izdevniecība, 2014. 207 lpp. |
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| Further reading | |
| 1.Brigsa S. Publiskās finanses. Mācību līdzeklis. Rīga: Vidzemes Augstskola, 2011. 133 lpp.
2.James S., Nobes C. The Economics of Taxation. 18 th edition., Birmingham: Fiscal Publications, 2018. 326 p. 3.Kavale L, Joppe A. Nodokļu politikas un administrēšanas pamati. Mācību līdzeklis. Rīga: LU Akadēmiskais apgāds, 2008. 80 lpp. 4.Mikesell J. L. Fiscal Administration. Analysis and Applications for the Public Sector., Thomson Higher Education, USA, 2007. 686 p. 5. Williamson S. D. Macroeconomics. Sixth edition, Global edition., Harlow, England: Pearson Education Limited, 2018. 731 p. |
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| Periodicals and other sources | |
| 1.International Monetary Fund: Annual Reports, International Financial Statistics, Working Papers, World Economic Outlook. Pieejams: http://www.imf.org/external/index.htm.
2.Financial Times. England based finance newspaper. London: The Financial Times Ltd. Pieejams: http://www.ft.com/home/europe. 3.The Economist. London: Economist Newspaper Ltd. Pieejams: http://www.economist.com/?sa_campaign=econsubs/europe/subspage/imglink 4.iFinanses – žurnāls par nodokļiem, grāmatvedību, darba un komerctiesībām, Rīga: iŽurnāli. Pieejams: http://ifinanses.lv 5.LR tiesību aktu mājaslapa. Pieejams: http:// www.likumi.lv 6.Valsts ieņēmumu dienesta mājaslapa. Pieejams: http://www.vid.gov.lv 7.Valsts sociālās apdrošināšanas aģentūras mājaslapa. Pieejams: https://www.vsaa.gov.lv/lv |
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| Notes | |
| Compulsory study course for the academic master’s study programme “Economics” | |