Knowledge and understanding
After successfully completing the course, students will be able to:
- recall and indicate individual types of public goods
- recognise and recall the concept and system of public revenues
- explain the concept of fiscal and non-fiscal instruments of public needs
- name and indicate the most important trends in the area of public finances
- group non-fiscal instruments of financing public needs
- recognise and explain the concept of public-private partnership
- identify and indicate characteristics of public-private partnership
- describe and define normative framework of public-private partnership in the Croatian and selected comparative context
- discuss the projects implemented according to the public-private partnership model
- discuss and critically evaluate individual normative solutions
Application
After successfully completing the course, students will be able to:
- understand and use the theory of public goods
- illustrate the influence of modern trends on public finances and the development of fiscal instruments of financing
- distribute and outline non-fiscal instruments of financing
- analyse projects financed according to public-private partnership model
- select the areas of possible application of public-private partnership
- demonstrate the course of financing projects according to the public-private partnership model
- compare the Croatian normative and institutinal model of public-private partnership with selected comparative models
Analysis
After successfully completing the course, students will be able to:
- distinguish between fiscal and non-fiscal financing instruments
- categorise fiscal and non-fiscal financing instruments
- indicate causes and genesis of the origin of public-private partnership
- connect the features of public-private partnership with the theory ofpublic goods and possible areas of change
- categorise characteristics and types of public-private partnerships
- categorise and compare participants in public-private partnership and their position
- categorise and compare risks in public-private partnership
- analyse practical applications of public-private partnership
- compare theoretical recommendations and practical solutions
Synthesis
After successfully completing the course, students will be able to:
- construct connection bteween type of public good and possible non-fiscal instrument for its financing
- formulate advantages and disadvantages of individual non-fiscal instruments of financing
- construct and prepare theoretical explanation of public-private partnership model
- formulate and propose possible courses of change in the normative and institutional framework of public-private partnership
Evaluation
After successfully completing the course, students will be able to:
- evaluate the role of non-fiscal financing instruments
- conclude about advantages and disadvantages of the usage of public-private financing
- estimate the significance and justifiability of the usage ofpublic-private partnership in individual projects
- recommend improvements in the normative and institutional framework of public-private partnership
- compare individual solutions in the Croatian and comparative context
