The meaning of Public Economics - Financial Activity of State: Expenses, Revenues and Budget. Economic Activity of State: Characterization of Public Economic activity and the Enterprise activity of State - Public Revenues - Public Expenses - Public Budget – Financial Policy problems.

CILO-1: Students will be able to critically define the economic concepts and models presented and relate and use them to analyse real-world issues. CILO-2: Students will be able to recognise the cyclic nature of the public economic activity and identify its causes. CILO-3: Students will be able to identify the tools for public economic policy and find how they impact the economic agents' behaviour.