Familiarity with the place and role of fiscal policy with special emphasis on correlations between fiscal and economic policy Acquiring knowledge about the possibilities and limitations of the application of fiscal policy instruments Familiarity with the goals and effects of the application of fiscal rules
1. Fiscal and economic policy
1.1. Historical overview of fiscal and economic policy
1.2. Determinants of fiscal and economic policy
1.3. Fiscal and monetary policy - specifics and application
2. Objectives and instruments of fiscal policy
3. Fiscal policy in the equilibrium income model
4. Fiscal multiplier
5. Stabilizing role of fiscal policy
6. Methods of implementing fiscal policy
7. Structural and cyclical balance
8. Characteristics of fiscal policy in the Republic of Croatia
8.1. Law on Fiscal Responsibility
8.2. Croatian fiscal rules
9. Fiscal policy in the European Union
9.1. Fiscal rules
9.2. European Union guidelines, macroeconomic projections and implementation of fiscal rules
1. Compare the activities and determinants of fiscal and economic policy
2. Assess methods of implementing fiscal policy
3. Argument the budget execution process and cyclical movements
4. Evaluate the importance of applying fiscal rules
