114-3011/02 – Economics II. (EKO II.)
| Gurantor department | Department of Economics | Credits | 7 |
| Subject guarantor | Ing. Tomáš Wroblowský, Ph.D. | Subject version guarantor | Ing. Tomáš Wroblowský, Ph.D. |
| Study level | undergraduate or graduate | Requirement | Compulsory |
| Year | 1 | Semester | winter |
| | Study language | Czech |
| Year of introduction | 2014/2015 | Year of cancellation | 2020/2021 |
| Intended for the faculties | FMT | Intended for study types | Follow-up Master |
Subject aims expressed by acquired skills and competences
Student is able to analyze basic economic categories. Can explain the causes and consequences of the behavior of consumers, businesses, governments and central banks as the operation of sub-market products, money and production factors.
Studnet has overview of the working mechanism of the national economy in the context of the global economy and is able to separate economic thinking.
Teaching methods
Lectures
Tutorials
Summary
The course represents upgrading of economic theory studies for students of
economic branch at the Faculty of metallurgy and material enineering. 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:
Recommended literature:
Way of continuous check of knowledge in the course of semester
E-learning
Other requirements
Written exam - minimum 51 points, maximum 100 points.
Prerequisities
Subject has no prerequisities.
Co-requisities
Subject has no co-requisities.
Subject syllabus:
1. Market mechanism. Money.
2. Theory of utility
3. Theory of demand
4. Theory of firm
5. Perfect competition
6. Imperfect competition
7. Labour market
8. Capital market
9. Natural resources market
10. Market failures
11. Division of income
12. Macroeconomic aggregates
13. Keynesian model with multiplier
14. Aggregate supply and demand
15. Money and inflation
16. Theory of unemployment
17. Monetary and fiscal policy
18. Macroeconomic goals, public choice theory
19. Economic growth and business cycles
20. Exchange rates and balance of payments
21. Theory of international trade
Conditions for subject completion
Occurrence in study plans
Occurrence in special blocks
Assessment of instruction