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Lecturer(s)
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Ondrušková Dana, Ing. Ph.D.
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Course content
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1. Introduction, defining the market mechanism and comparing the centrally managed economy with the market economy 2. Determination of markets, market and demand entities and market supply and factors of production 3. Market equilibrium and disturbances of equations, possible forms of stabilization policy 4. Basic principles of the economic policy of the state and their interconnection and synergy 5. Selected macroeconomic variables - GDP, GNP, economic growth 6. Selected macroeconomic variables - unemployment rate, inflation, deflation and others 7. Monetary policy - theses, principles, objectives, starting points 8. Fiscal and budgetary policy - theses, principles, objectives, starting points 9. Conflict between monetary and budgetary policy objectives, use of tools and mutual tuning 10. Current economic situation in the Czech Republic and its possible development 11. The current economic situation in the EU and the world and its possible development 12. Repetition, summary, conclusion
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Learning activities and teaching methods
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Monologic Lecture(Interpretation, Training), Dialogic Lecture (Discussion, Dialog, Brainstorming), Work with Text (with Book, Textbook), Methods of Written Work
- Attendace
- 25 hours per semester
- Preparation for the Course Credit
- 25 hours per semester
- Preparation for the Exam
- 25 hours per semester
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Learning outcomes
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The main target of the subject is to introduce the term of macroeconomy and relations between current economic theory, macroeconomy and microeconomy. The subject focuses mainly on delimination of conception of trade mechanism, market and types of markets, production factors and behavior of households and firms and trade powers - demand and supply. Student must understand the term trade equilibrium and its failrure, mainly inflation and deflation and their consequences and the basic of business state policy as well.
Student is well oriented in problems of trade mechanism, trades and types of trades and behavior of households and firms. Student can define the main failures of trade mechanism and trade equilibrium and is able to analyze the right solutions. Student is informed about main macroeconomic indicators, about the problem of economic growth and about the problem of economic measuring. Student is possible to define the main principles of state interventions on households and firms and deduce the proper conclusions and consequences.
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Prerequisites
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Knowledge of microeconomics
KAE/MI
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Assessment methods and criteria
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Oral exam, Written exam, Seminar Work
Successful completion of the final test (minimum requirement: 70%)
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Recommended literature
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Holman, R. a kol. (2017). Dějiny ekonomického myšlení, 4. vydání. Praha: C.H. BECK.
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Holman, R. a kol. (2016). Makroekonomie, 2. vydání. Praha: C.H. BECK.
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Jurečka, V. a kol. (2017). Makroekonomie, 3. vydání. Praha: Grada.
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Mankiw, N., G. (2017). The principles of macroeconomics. New York: Willey and Sons.
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Rojíček, M. a kol. (2016). Makroekonomická analýza - teorie a praxe. Praha: Grada.
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Samuelson, P., Nordhaus, W. (2013). Ekonomie. Praha: Svoboda.
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Soukup, J. a kol. (2015). Makroekonomie. Praha: Management Press.
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