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Lecturer(s)
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Kročil Ondřej, Mgr. Ph.D.
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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
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Lecture, Monologic Lecture(Interpretation, Training), Dialogic Lecture (Discussion, Dialog, Brainstorming)
- Attendace
- 25 hours per semester
- Homework for Teaching
- 15 hours per semester
- Preparation for the Course Credit
- 35 hours per semester
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Learning outcomes
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The content of the course are basics of microeconomics and macroeconomics, which are necessary for a deeper study of individual economic areas. Students in course will be familiar with concepts such as consumption, utility, factors of production, optimum production, GDP, inflation, unemployment, balance of payments, and more. Lessons are kept interactively - based on an analysis of already published articles in Czech media. Lessons assume preparation in the form of reading assigned texts.
1. Student describes the basic concepts and relations in economics. 2. Students will understand the basic economic terms such as supply, demand, market equilibrium, inflation, unemployment, public budget and monetary policy. 3. The acquired knowledge will be able to apply for further study of economic disciplines.
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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, Systematic Observation of Student, Seminar Work
In the beginning of the course students choose a semester work on the current economic topic. The course ends with a credit. For successful completion of the test, student must obtain at least 60 % of the possible points. The granting of credit is also subject to active participation in the teaching. 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 www.kae.cz Grading scale: A 91-100 B 82-90 C 73-81 D 64-72 E 55-63
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Recommended literature
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(1977). Ročenka Hospodářských novin. Economia, Praha.
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FIALOVÁ, Helena. (2004). Malý ekonomický výkladový slovník. A plus, Praha.
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HEJTMAN, Pavel. (1998). Rozumíme současné tržní ekonomice?. JČU, České Budějovice.
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HEYNE, Paul. (1991). Ekonomický styl myšlení. VŠE Praha.
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HOBZA, Vladimír; ASSENZA, Dora; ZLÁMAL, Jaroslav. (2006). Základy ekonomie. Univerzita Palackého v Olomouci.
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HOLMAN, Robert. (2000). Základy ekonomie pro studenty vyšších odborných škol a neekonomických fakult VŠ. C.H.Beck, Praha.
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KUBÁTOVÁ, Jaroslava. (2004). Náhled do ekonomie. UP, Olomouc.
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MANKIW, Gregory, N. (1999). Zásady ekonomie. Grada Publishing, Praha.
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SOJKA, Milan, KONEČNÝ, Bronislav. (2004). Malá encyklopedie moderní ekonomie. Libri, Praha.
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