114-0012/08 – Economics I (Ekon I.)

Gurantor departmentDepartment of EconomicsCredits5
Subject guarantorIng. Ivana Jánošíková, Ph.D.Subject version guarantorIng. Ivana Jánošíková, Ph.D.
Study levelundergraduate or graduateRequirementCompulsory
Year2Semesterwinter
Study languageCzech
Year of introduction2009/2010Year of cancellation
Intended for the facultiesFMTIntended for study typesBachelor
Instruction secured by
LoginNameTuitorTeacher giving lectures
HON05 Ing. Martin Hon, Ph.D.
JAN27 Ing. Hana Janáčková, Ph.D.
JAN77 Ing. Ivana Jánošíková, Ph.D.
LOK02 Ing. Aleš Lokaj, Ph.D.
PAL32 Ing. Irena Paličková, Ph.D.
SPA60 Ing. Lenka Spáčilová, Ph.D.
Extent of instruction for forms of study
Form of studyWay of compl.Extent
Combined Credit and Examination 14+0

Subject aims expressed by acquired skills and competences

The aim of the course: students are able - to describe the basic economic cathegories, - think in independent and creative way about economic problems, - explain the behaviour of consumers, households, firms and government on the product markets and on the labour market and capital market - understand mutual relationships among macroeconomic variables. - explain economic policy practised by governments and central banks.

Teaching methods

Lectures
Tutorials

Summary

The aim of the subject is to make the basis for students’ independent creative economic thinking. The main emphasis is laid on the behaviour of consumers, households, firms and government and on the understanding of mutual relationships among macroeconomic variables. Attention is also paid to the labour market and capital market. Also economic policy practised by governments and central banks has a very important role in the course.

Compulsory literature:

Jurečka, V. a kol.: Úvod do ekonomie. Učební text pro studenty neekonomických oborů, 4. aktualizované vydání. VŠB-TU Ostrava, 2015. ISBN 978-80-248-3731-4.

Recommended literature:

Holman, R.: Základy ekonomie pro studenty vyšších odborných škol a neekonomických fakult VŠ. 3. vyd. C.H. Beck, Praha, 2015.

Way of continuous check of knowledge in the course of semester

E-learning

Další požadavky na studenta

Written exam - minimum 51 points, maximum 100 pionts.

Prerequisities

Subject has no prerequisities.

Co-requisities

Subject has no co-requisities.

Subject syllabus:

1. Market and market mechanism. 2. Introduction into economics. Two contemporary macroeconomic approaches. Measuring aggregate economic activity and price level. 3. Determinantion of output in AS-AD model. 4. Money, its supply and multiplication process. Impact of central bank and commercial banks on the money supply. Money demand and its determination. Monetary policy theory. 5. Fiscal policy theory. Government budget deficit and debt. 6. Inflation and unemployment – their causes and effects. Relationship between inflation and unemployment. 7. Business cycle and macroeconomic fluctuations. Economic growth. 8. Balance of payments and exchange rate economics. Exchange rate policy and central bank interventions on the currency market. Monetary integration in Europe. 9. Theory of comparative and absolute advantages in international trade. Economic consequences of globalization in the world economy. 10. Introduction into microeconomics. Economic assumptions and context. Production factors, their scarcity, production possibility frontier, opportunity costs. 11. Demand theory. Cardinalist and ordinalist approach to consumer behaviour analysis. 12. Supply theory. Production function of the firm. The firm and its costs. Economic results of the firm (returns, profit, loss). 13. Firm behaviour in perfect competition and imperfect competition conditions. Economic sense of antitrust policy and regulation. 14. Labour market analysis and theory of human capital. Capital market analysis. Theory of capital investment. 15. Economic characteristics of public goods, of their production and consumption. 16. Market failure – economic inefficiency of externalities and ways of their internalization. 17. Distribution of income. Measurement of inequalities. Alternative approaches to economic equality and inequality problem.

Conditions for subject completion

Combined form (validity from: 2009/2010 Winter semester, validity until: 2011/2012 Summer semester)
Task nameType of taskMax. number of points
(act. for subtasks)
Min. number of points
Exercises evaluation and Examination Credit and Examination 100 (100) 51
        Exercises evaluation Credit 0  0
        Examination Examination 100  51
Mandatory attendence parzicipation:

Show history

Occurrence in study plans

Academic yearProgrammeField of studySpec.FormStudy language Tut. centreYearWSType of duty
2013/2014 (B3922) Economics and Management of Industrial Systems (6208R123) Economics and Management in Industry K Czech Ostrava 2 Compulsory study plan
2012/2013 (B3922) Economics and Management of Industrial Systems (6208R123) Economics and Management in Industry K Czech Ostrava 2 Compulsory study plan
2011/2012 (B3922) Economics and Management of Industrial Systems (6208R123) Economics and Management in Industry K Czech Ostrava 2 Compulsory study plan
2011/2012 (B3922) Economics and Management of Industrial Systems (6208R123) Economics and Management in Industry K Czech Třinec 2 Compulsory study plan
2010/2011 (B3922) Economics and Management of Industrial Systems (6208R123) Economics and Management in Industry K Czech Ostrava 2 Compulsory study plan
2010/2011 (B3922) Economics and Management of Industrial Systems (6208R123) Economics and Management in Industry K Czech Třinec 2 Compulsory study plan
2009/2010 (B3922) Economics and Management of Industrial Systems (6208R123) Economics and Management in Industry K Czech Ostrava 2 Compulsory study plan
2009/2010 (B3922) Economics and Management of Industrial Systems (6208R123) Economics and Management in Industry K Czech Třinec 2 Compulsory study plan

Occurrence in special blocks

Block nameAcademic yearForm of studyStudy language YearWSType of blockBlock owner