Course: Economics

» List of faculties » FEK » KEN
Course title Economics
Course code KEN/BZEK
Organizational form of instruction no contact
Level of course Bachelor
Year of study not specified
Semester Winter and summer
Number of ECTS credits 0
Language of instruction Czech
Status of course Compulsory
Form of instruction Face-to-face
Work placements This is not an internship
Recommended optional programme components None
Lecturer(s)
Course content
1. MARKET AND MARKET MECHANISM Market definition, types of economic systems. Market entities, division of labor, money and exchange. Offer. Inquiry. Elasticity. Market equilibrium and its achievement, changes in market equilibrium. Market failure. 2. CONSUMER BEHAVIOR AND DEMAND FORMATION Rational consumer behavior, utility measurability. Indifference analysis. Budget line, consumer balance. 3. THE COMPANY'S BEHAVIOR AND THE FORMATION OF THE OFFER Definition of the firm, production functions, short and long run. Costs, income and profit of the company. Balance of the firm. 4. FORMS OF COMPETITION A company in conditions of perfect competition. Imperfect competition and the main causes of its emergence. A company in conditions of monopoly, oligopoly and monopolistic competition. The turning point and the closing point of the business. 5. PRODUCTION FACTOR MARKETS, PENSION AND WEALTH Factors of production and their markets. Composition of incomes, income inequalities and their measurement, Lorenz graph and Gini coefficient. 6. NATIONAL ECONOMIC AGGREGATES Gross domestic product, calculation methods. Aggregates derived from GDP. Shortcomings of GDP reported in the national accounting system. Product gap. Economic cycle definition, phases, causes and types of cycles. Locomotive theorem. 7. UNEMPLOYMENT AND INFLATION Measurement of unemployment, types of unemployment, natural rate of unemployment and effects of unemployment. Employment Policy. Measurement of inflation, causes, types of inflation and effects of inflation. Anti-inflation policy and inflation targeting. 8. FISCAL POLICY Objectives, instruments and types of fiscal policy. System of public budgets. State budget - income, expenditure, balance sheet, state budget deficit, deficit financing, structural and cyclical deficit, state budget surplus. Laffer curve. 9. MONETARY POLICY Objectives, instruments and types of monetary policy. Banking system. Central bank - functions, instruments, balance sheet of the central bank. Simple money multiplier and money generation. Money - definition of money, supply of money, demand for money, forms of money and their historical development, meaning and function of monetary exchange. 10. FOREIGN TRADE AND MONETARY POLICY Objectives, tools of external trade and monetary policy. The principle of absolute and comparative advantages. Protectionism. Payment balance.

Learning activities and teaching methods
unspecified
Learning outcomes
Objective of the state exam is to test knowledge in the field economics (macroeconomics an microeconomics)
Students understand the basic principles of Economics
Prerequisites
There is 2 prerequisite for the state exam economics - microeconomics a macroeconomics
KEN/CMI1
----- or -----
KEN/KMIE1
----- or -----
KEN/MIE
----- or -----
KEN/MIEK
----- or -----
KEN/MIE1
----- or -----
KEN/MIF1
----- or -----
KEN/MI1
----- or -----
KEN/YMIE1 and KEN/CMA1
----- or -----
KEN/KMAE1
----- or -----
KEN/MAEA
----- or -----
KEN/MAEK
----- or -----
KEN/MAE1
----- or -----
KEN/MAF1
----- or -----
KEN/MA1

Assessment methods and criteria
Oral examination

Examination Requirements: Oral exam.
Recommended literature
  • BURDA, Michael a Charles WYPLOSZ. Macroeconomics. A European TexT. Oxford University Press; 5 edition, 2009. ISBN 978-0-19-923682-4.
  • Faltová Leitmanová, Ivana; Alina, Jiří,; Petrách, Filip,; Šetek, Jaroslav,; Volek, Tomáš. Mikroekonomie 1 : pro bakalářské studium. 1. vydání. Jesenice : Ekopress, 2018. ISBN 978-80-87865-48-4.
  • Holman, R. Ekonomie.. C.H. Beck, Praha, 2002. ISBN 80-7179-891-6.
  • Jurečka, Václav; Macháček, Martin. Makroekonomie. 4., aktualizované a rozšířené vydání. Praha : Grada Publishing, 2023. ISBN 978-80-271-3635-3.
  • Mankiw, N. Gregory. Principles of economics. Seventh edition. Stamford : Cengage Learning, 2015. ISBN 978-1-285-16587-5.
  • PAVELKA, T. Makroekonomie.. Melandrium, 2007. ISBN 978-80-86175-58-4.


Study plans that include the course
Faculty Study plan (Version) Category of Branch/Specialization Recommended year of study Recommended semester
Faculty: Faculty of Economics Study plan (Version): Accounting and Financial Management (4) Category: Economy 3 Recommended year of study:3, Recommended semester: Summer
Faculty: Faculty of Economics Study plan (Version): Accounting and Financial Management (4) Category: Economy 3 Recommended year of study:3, Recommended semester: Summer