Public Financial Management

This course will provide a framework for understanding fiscal policy, governmental budgeting and accounting methods of the public sector. The course offers a perspective tilted towards practice, providing lessons about the feasibility of implementing public policy goals, about the impact of fiscal architecture on reaching substantive policy aims. Students will learn about how recent trends in public administrations towards decentralization, delegation and contracting out implied changes in public financial management. Having a good grasp of public financial management is particularly
relevant now, in the period of subsequent global economic, pandemic, and international political crises, that put a strain on government budgets across the world.

Corvinus University of Budapest awards credits based on the ECTS system (2 ECTS credits equals 1 U.S. credit therefore, 6 ECTS credits is equivalent to 3 U.S. credits). At Corvinus University of Budapest, all classes meet for a minimum of 180 minutes per week. Contact hours are calculated through a combination of lecture hours and outside activities which can include (workshops, seminars, fieldwork activities, guest lectures, and independent work) therefore, contact hours may vary on syllabi.