| Course title | Economics |
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| Course code | KAE/EKO |
| Organizational form of instruction | Seminar |
| Level of course | Bachelor |
| Year of study | not specified |
| Semester | Winter and summer |
| Number of ECTS credits | 2 |
| Language of instruction | Czech |
| Status of course | unspecified |
| Form of instruction | Face-to-face |
| Work placements | This is not an internship |
| Recommended optional programme components | None |
| Lecturer(s) |
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| Course content |
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1. The central economic problem: economics (micro and macro), production factors, the economic cycle. 2. Economic behavior, rational behavior, economic cycle, phases, economic growth. 3. Market equilibrium and efficiency: supply, demand, elasticity. 4. Costs and offer: sunk costs, opportunity costs, economic costs and profit, the cost function, optimal production volume. 5. Imperfect markets: monopoly, natural monopoly, oligopoly, duopoly. 6. Free resources, free goods and public goods, public choice, externalities - positive and negative. 7. Magic Quadrangle: Inflation, unemployment, foreign trade balance. 8. Domestic product: gross and net domestic product, the nominal and real domestic product, the aggregate expenditure savings of GDP. 9. Creating a market money: money, exchange, interest rate, balance of money in the market. Currency, exchange rate, currency market. 10. Fiscal and monetary policy: public budgets, the state budget, redistribution, taxes, gray economy, budget deficits, government borrowing, the central bank, the objectives and instruments of monetary policy, inflation targeting.
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| Learning activities and teaching methods |
Lecture, Monologic Lecture(Interpretation, Training), Dialogic Lecture (Discussion, Dialog, Brainstorming)
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| Learning outcomes |
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The course content basic economics, knowledge of which is essential for a deeper study of individual economic areas. Students in course introduces the basic concepts of microeconomics and macroeconomics. Lessons are conducted interactively - with examples from practice, case studies and current news articles. The course is an individual semester work in the form of an article about the selected current economic problems.
1. Student describes the basic concepts and relationships in economics. 2. The student will understand the basic micro and macro-economic concepts such as supply, demand, market equilibrium, inflation, unemployment and more. 3. Student will be able to apply the acquired knowledge for further studies of economic disciplines. |
| Prerequisites |
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There are no special conditions set.
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| Assessment methods and criteria |
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Written exam, Essay, Systematic Observation of Student
In the beginning of the course the students will be given a semester work on issues of current economics. The course is completed with colloquium. For successful completion of the test, student must obtain at least 60 % of the possible points. The granting of colloquium is also subject to active participation in lessons and delivery of seminar work on a date to be determined at the first class. If the student fails in any part of the requirements for completion of the course, he will enter an appropriate replacement work. They are allowed two absences in the classroom. The study includes the use of e-learning environment Moodle. Students in Moodle logs as directed by the webpage www.kae.cz |
| Recommended literature |
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| Study plans that include the course |
| Faculty | Study plan (Version) | Category of Branch/Specialization | Recommended semester |
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