114-0340/04 – Principles of Market Economy (ZTE)

Gurantor departmentDepartment of EconomicsCredits3
Subject guarantorIng. Ivana Jánošíková, Ph.D.Subject version guarantorIng. Ivana Jánošíková, Ph.D.
Study levelundergraduate or graduateRequirementCompulsory
Year1Semesterwinter
Study languageCzech
Year of introduction2009/2010Year of cancellation2020/2021
Intended for the facultiesFBI, HGFIntended for study typesBachelor
Instruction secured by
LoginNameTuitorTeacher giving lectures
HLA31 Ing. Karel Hlaváček, Ph.D.
JAN27 Ing. Hana Janáčková, Ph.D.
JAN77 Ing. Ivana Jánošíková, Ph.D.
KOL50 Dr. Ing. Eva Kolcunová
KOV353 Ing. Jana Kovářová
LOK02 Ing. Aleš Lokaj, Ph.D.
PAL32 Ing. Irena Paličková, Ph.D.
SUL080 Ing. Monika Šulganová, Ph.D.
TOM60 Ing. Yveta Tomášková, Ph.D.
Extent of instruction for forms of study
Form of studyWay of compl.Extent
Part-time Examination 6+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

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:

Mankiw, G.: Principles of Economics. 5th edition. Mason, USA. South Western Cengage Learning, 2008

Recommended literature:

Paul A. Samuelson, William D. Nordhaus: Economics. 19th ed.. - New York : McGraw-Hill/Irwin, 2009

Additional study materials

Way of continuous check of knowledge in the course of semester

written test

E-learning

Other requirements

study of recommended textbook

Prerequisities

Subject has no prerequisities.

Co-requisities

Subject has no co-requisities.

Subject syllabus:

1. Graphical apparate in economics. 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

Part-time form (validity from: 2009/2010 Winter semester, validity until: 2020/2021 Summer semester)
Task nameType of taskMax. number of points
(act. for subtasks)		Min. number of pointsMax. počet pokusů
Examination Examination 100  51 3
Mandatory attendence participation: not specified

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Conditions for subject completion and attendance at the exercises within ISP:

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Occurrence in study plans

Academic yearProgrammeBranch/spec.Spec.ZaměřeníFormStudy language Tut. centreYearWSType of duty
2019/2020 (B2102) Mineral Raw Materials (2102R013) Processing of Raw Materials and Recycling K Czech Ostrava 3 Compulsory study plan
2018/2019 (B2102) Mineral Raw Materials (2102R013) Processing of Raw Materials and Recycling K Czech Ostrava 3 Compulsory study plan
2018/2019 (B2102) Mineral Raw Materials (2102R013) Processing of Raw Materials and Recycling K Czech Most 3 Compulsory study plan
2017/2018 (B2102) Mineral Raw Materials (2102R013) Processing of Raw Materials and Recycling K Czech Ostrava 3 Compulsory study plan
2017/2018 (B2102) Mineral Raw Materials (2102R013) Processing of Raw Materials and Recycling K Czech Most 3 Compulsory study plan
2016/2017 (B2102) Mineral Raw Materials (2102R013) Processing of Raw Materials and Recycling K Czech Ostrava 3 Compulsory study plan
2016/2017 (B2102) Mineral Raw Materials (2102R013) Processing of Raw Materials and Recycling K Czech Most 3 Compulsory study plan
2015/2016 (B3908) Fire Protection and Industrial Safety K Czech Ostrava 1 Compulsory study plan
2015/2016 (B3908) Fire Protection and Industrial Safety K Czech Praha 1 Compulsory study plan
2015/2016 (B3908) Fire Protection and Industrial Safety K Czech Lázně Bohdaneč 1 Compulsory study plan
2015/2016 (B2102) Mineral Raw Materials (2102R013) Processing of Raw Materials and Recycling K Czech Ostrava 3 Compulsory study plan
2015/2016 (B2102) Mineral Raw Materials (2102R013) Processing of Raw Materials and Recycling K Czech Most 3 Compulsory study plan
2014/2015 (B2102) Mineral Raw Materials (2102R013) Processing of Raw Materials and Recycling K Czech Ostrava 3 Compulsory study plan
2014/2015 (B2102) Mineral Raw Materials (2102R013) Processing of Raw Materials and Recycling K Czech Most 3 Compulsory study plan
2014/2015 (B3908) Fire Protection and Industrial Safety K Czech Ostrava 1 Compulsory study plan
2014/2015 (B3908) Fire Protection and Industrial Safety K Czech Praha 1 Compulsory study plan
2014/2015 (B3908) Fire Protection and Industrial Safety K Czech Lázně Bohdaneč 1 Compulsory study plan
2013/2014 (B2102) Mineral Raw Materials (2102R013) Processing of Raw Materials and Recycling K Czech Most 3 Compulsory study plan
2013/2014 (B2102) Mineral Raw Materials (2102R013) Processing of Raw Materials and Recycling K Czech Ostrava 3 Compulsory study plan
2013/2014 (B3908) Fire Protection and Industrial Safety K Czech Ostrava 1 Compulsory study plan
2013/2014 (B3908) Fire Protection and Industrial Safety K Czech Praha 1 Compulsory study plan
2013/2014 (B3908) Fire Protection and Industrial Safety K Czech Lázně Bohdaneč 1 Compulsory study plan
2012/2013 (B3908) Fire Protection and Industrial Safety K Czech Ostrava 1 Compulsory study plan
2012/2013 (B3908) Fire Protection and Industrial Safety K Czech Praha 1 Compulsory study plan
2012/2013 (B3908) Fire Protection and Industrial Safety K Czech Lázně Bohdaneč 1 Compulsory study plan
2012/2013 (B3908) Fire Protection and Industrial Safety K Czech Příbram 1 Compulsory study plan
2012/2013 (B2102) Mineral Raw Materials (2102R013) Processing of Raw Materials and Recycling K Czech Most 3 Compulsory study plan
2011/2012 (B2102) Mineral Raw Materials (2102R013) Processing of Raw Materials and Recycling K Czech Most 3 Compulsory study plan
2011/2012 (B3908) Fire Protection and Industrial Safety K Czech Ostrava 1 Compulsory study plan
2011/2012 (B3908) Fire Protection and Industrial Safety K Czech Praha 1 Compulsory study plan
2011/2012 (B3908) Fire Protection and Industrial Safety K Czech Příbram 1 Compulsory study plan
2010/2011 (B2102) Mineral Raw Materials (2102R013) Processing of Raw Materials and Recycling K Czech Most 3 Compulsory study plan
2010/2011 (B3908) Fire Protection and Industrial Safety K Czech Ostrava 1 Compulsory study plan
2010/2011 (B3908) Fire Protection and Industrial Safety K Czech Příbram 1 Compulsory study plan
2010/2011 (B3908) Fire Protection and Industrial Safety K Czech Praha 1 Compulsory study plan
2009/2010 (B3908) Fire Protection and Industrial Safety K Czech Ostrava 1 Compulsory study plan
2009/2010 (B3908) Fire Protection and Industrial Safety K Czech Praha 1 Compulsory study plan
2009/2010 (B3908) Fire Protection and Industrial Safety K Czech Příbram 1 Compulsory study plan
2009/2010 (B2102) Mineral Raw Materials (2102R013) Processing of Raw Materials and Recycling K Czech Most 3 Compulsory study plan

Occurrence in special blocks

Block nameAcademic yearForm of studyStudy language YearWSType of blockBlock owner

Assessment of instruction



2017/2018 Winter
2015/2016 Winter
2014/2015 Winter
2012/2013 Winter
2011/2012 Winter
2009/2010 Winter