114-0412/01 – History of Economic Thought (DET)

Gurantor departmentDepartment of EconomicsCredits4
Subject guarantorprof. Ing. Martin Macháček, Ph.D. et Ph.D.Subject version guarantorprof. Ing. Martin Macháček, Ph.D. et Ph.D.
Study levelundergraduate or graduateRequirementCompulsory
Study languageCzech
Year of introduction2019/2020Year of cancellation
Intended for the facultiesEKFIntended for study typesFollow-up Master
Instruction secured by
LoginNameTuitorTeacher giving lectures
MAH11 prof. Ing. Martin Macháček, Ph.D. et Ph.D.
SPA60 Ing. Lenka Spáčilová, Ph.D.
Extent of instruction for forms of study
Form of studyWay of compl.Extent
Part-time Examination 14+0

Subject aims expressed by acquired skills and competences

- outline the development of economic thinking from ancient era to the preset - argue and assess the contribution of the particular economic ideas to development of economics -recognise and formulate the distinctions between the Neoclassical School and the Keynesian School - conclude the consequences of crisis of the Keynesian theory in seventies of twenty - formulate the basic differences of nonmainstream economic theories - identify the characteristics of the Czech economic thought

Teaching methods



The course introduces students to the development of the main directions and particular schools of economic thinking. It compares theoretical approaches to the chosen economic issues within the framework of various conceptions of economic theory. Futhermore, it provides an insight into the development of ideas concerning the history of economic thinking.

Compulsory literature:

1. EKELUND JR., Robert B. and Robert F. HÉBERT. A History of Economic Theory and Method. 6th ed. Waveland Press, 2013. ISBN 978-1478606383. 2. HOLMAN, Robert. Dějiny ekonomického myšlení. 4. vyd. Praha: C. H. Beck, 2017. ISBN 978 -80-7400-641-8. 3. SOJKA, Milan. Dějiny ekonomických teorií. Praha: Havlíček Brain Team, 2010. ISBN 978-80-87109-21-2.

Recommended literature:

1. SIRŮČEK, Pavel. Průvodce dějinami standardních ekonomických teorií. 2. vyd. Slaný: Melandrium, 2003. ISBN 80-86175-35-9. 2. VENCOVSKÝ, František. Dějiny českého ekonomického myšlení do r. 1948. Brno: Nadace Universitas Masarykiana, 1997. ISBN 80-210-1624-8. 3. WHITE, Lawrence H. The Clash of Economic Ideas: The Great Policy Debates and Experiments of the Last Hundred Years. Cambridge: Cambridge University Press, 2012. ISBN 978-1107621336.

Way of continuous check of knowledge in the course of semester

V případě vynucené distanční (bezkontaktní) výuky z epidemiologických důvodů budou zkouškové aktivity probíhat online prostřednictvím LMS Moodle a MS Teams, podmínky absolvování předmětu zůstávají beze změny.


Other requirements

Written test. Students successfully complete the subject, if he has 51 points out of 100.


Subject has no prerequisities.


Subject has no co-requisities.

Subject syllabus:

1. Ancient economic thought. Scholastics. 2. Mercantilism. 3. Physiocratism. 4. Classical School of Political Economy. A. Smith. D. Ricardo. J. S. Mill. 5. Neoclassical Economics. Cambridge School. 6. Neoclassical Economics. Lausanne School. 7. Theory of Imperfect and Monopolistic Competition. 8. Stockholm School of Economics. 9. Theory of John Maynard Keynes. 10. Neo-Keynesian Theory. Post-Keynesian Theory. New Keynesian Theory. 11. Monetarism. 12. Supply-side economics. New Classical Economics. 13. German Historical School. Institucionalism. 14. Czech Economic Thought.

Conditions for subject completion

Part-time form (validity from: 2019/2020 Winter 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: For students with an individual study plan, the same conditions apply as for other students.

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Occurrence in study plans

Academic yearProgrammeField of studySpec.ZaměřeníFormStudy language Tut. centreYearWSType of duty
2023/2024 (N0311A050012) Applied economics (S02) Economic Development ER K Czech Ostrava 2 Compulsory study plan
2022/2023 (N0311A050012) Applied economics (S02) Economic Development ER K Czech Ostrava 2 Compulsory study plan
2021/2022 (N0311A050012) Applied economics (S02) Economic Development ER K Czech Ostrava 2 Compulsory study plan
2020/2021 (N0311A050012) Applied economics (S02) Economic Development ER K Czech Ostrava 2 Compulsory study plan
2019/2020 (N0311A050012) Applied economics (S02) Economic Development ER K Czech Ostrava 2 Compulsory study plan

Occurrence in special blocks

Block nameAcademic yearForm of studyStudy language YearWSType of blockBlock owner

Assessment of instruction

Předmět neobsahuje žádné hodnocení.