114-0326/02 – Institutional Economics (IE)

Gurantor departmentDepartment of EconomicsCredits4
Subject guarantorIng. Irena Paličková, Ph.D.Subject version guarantorIng. Irena Paličková, Ph.D.
Study levelundergraduate or graduateRequirementChoice-compulsory type B
Study languageCzech
Year of introduction2019/2020Year of cancellation
Intended for the facultiesEKFIntended for study typesFollow-up Master
Instruction secured by
LoginNameTuitorTeacher giving lectures
MEL044 doc. Ing. Aleš Melecký, Ph.D.
PAL32 Ing. Irena Paličková, Ph.D.
Extent of instruction for forms of study
Form of studyWay of compl.Extent
Full-time Credit 1+2

Subject aims expressed by acquired skills and competences

The pedagogical aim of this course is students´ ability - to define institutions in the context of institucional economics - to identity and to assess the influence of institutions on economic life of society - to explain the development of institutions and to distinguish "human action" and "human design" concepts - to outline the typology of institutions - to illustrate the impact of formal and informal institutions on economic behaviour of people - to diagnose "strengths" and "weaknesses" of the institutional framework of the Czech economy - to discuss the relation between "hard" and "soft" factors of economic development - to combine knowledge in technocraticly designed subjects to knowledge in more human-oriented subjects (social sciences and humanities).

Teaching methods



This seminar is destined for students with strong interest in deepening their knowledge in contemporary economic theories. The seminar is focused on fundamental thesis of institutional and new instutional economics. Attention will be paid to the main representatives of this stream of economic thought. The participants are expected to have real willingness to take active part in tutorials.

Compulsory literature:

North, D. C.: Structure and Change in Economic History. New York: W. W. Norton and Co., 1981 Rutherford, M.: Institution in Economics. cambridge: Cambridge University Press, 1994

Recommended literature:

Magnusson, L. (ed): Evolutionary and Neo-Schumpeterian Approaches to Economics. Kluver Academic Publishers, 1994

Way of continuous check of knowledge in the course of semester

Prezentace studentů na seminářích a písemný zápočtový test na konci semestru.


Other requirements

Nejsou další požadavky na studenta.


Subject has no prerequisities.


Subject has no co-requisities.

Subject syllabus:

1st Understanding institutional economics 2nd Institutions in the economy and in economics 3rd Institutional change - development of institutions 4th Institutions and economic development 5th Property rights 6th Contracts and legal framework of the economy 7th The role of the state from the perspective of institutional economics 8th Company in terms of institutional economics 9th Household (family) in terms of institutional economics 10th The influence of cultural and religious factors on economic development 11th The economic approach to politics 12th Institutional change and transformation of the Czech economy 13th Comparison of explicit and implicit approaches to institutions in economic programs of political movements and parties

Conditions for subject completion

Full-time form (validity from: 2019/2020 Winter semester)
Task nameType of taskMax. number of points
(act. for subtasks)
Min. number of points
Credit Credit  
Mandatory attendence parzicipation: it is not defined

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Occurrence in study plans

Academic yearProgrammeField of studySpec.ZaměřeníFormStudy language Tut. centreYearWSType of duty
2022/2023 (N0311A050012) Applied economics (S02) Economic Development P Czech Ostrava Choice-compulsory type B study plan
2021/2022 (N0311A050012) Applied economics (S02) Economic Development P Czech Ostrava Choice-compulsory type B study plan
2020/2021 (N0311A050012) Applied economics (S02) Economic Development P Czech Ostrava Choice-compulsory type B study plan
2019/2020 (N0311A050012) Applied economics (S02) Economic Development P Czech Ostrava Choice-compulsory type B study plan

Occurrence in special blocks

Block nameAcademic yearForm of studyStudy language YearWSType of blockBlock owner