114-9515/01 – Economic Policies Theory (EPT)

Gurantor departmentDepartment of EconomicsCredits10
Subject guarantorprof. Ing. Jaromír Gottvald, CSc.Subject version guarantorprof. Ing. Jaromír Gottvald, CSc.
Study levelpostgraduateRequirementChoice-compulsory
YearSemesterwinter + summer
Study languageEnglish
Year of introduction2020/2021Year of cancellation
Intended for the facultiesEKFIntended for study typesDoctoral
Instruction secured by
LoginNameTuitorTeacher giving lectures
GOT40 prof. Ing. Jaromír Gottvald, CSc.
Extent of instruction for forms of study
Form of studyWay of compl.Extent
Full-time Examination 30+0
Part-time Examination 30+0

Subject aims expressed by acquired skills and competences

- to define economic policy, targets, tools and institutions - to compare theoretical approaches of economic schools to economic policy - to outline types of economic policy - to apply and assess the impact of economic policy measures on the real economy - to formulate reccomendations for the Czech economic policy based on different theoretical approaches - the course builds on the Economic Policy B and C of the master's degree studies and primarily supplements knowledge from the theoretical courses of the doctoral studies in the field of Economics, especially Economic Policy, Monetary Theory and the Theory of Antitrust Regulation

Teaching methods

Individual consultations


Theoretical and methodical bases of the theoretical ec. policies. Regulative and system-creative ec. policy. Objectives, tools and carriers of the ec. policy. Ec. policy for decision-making. Creation of a regulative ec. policy. Monetary policy, fiscal policies, external currency and business policy, pension policy. The ec. policy system-creative, its principles, objectives, instruments. Significance of the theoretical ec. policy for practical ec. policy. Theoretical sources of formulating the ec. policy. Evolution and goals of the ec. policies. Conceptual approaches to the ec. policy.

Compulsory literature:

ATKINSON, B.; BAKER, P.; MILWARD, B. Economic Policy. Basingstoke: Macmillan, 1996. ISBN 0-333-65047-6. SIEBERT, H. Economic Policy Issues of the New Economy. Berlin: Springer, 2002. ISBN 3-540-43698-7. Journals: Eastern European Economics (2010-2012)etc. BENT HANSEN The economic theory of fiscal policy. London : Routledge, 2003. ISBN 0-415-31399-6 FERGUSON, P. R. - FERGUSON G. J.: Industrial Economics, Issues and Perspectives. Macmillan Publishing, International Edition 1994. WILLIAM J. BAUMOL, and ALAN S. BLINDER Economics : Principles & Policy. 12th ed Mason : South-Western Cengage Learning,2012. ISBN 978-0-538-45369-1 Miller, N. C.: Open Economy Macroeconomics. Edward Elgar 2006. Minford, P. - Peel, D.: Advanced Macroeconomics. Edward Elgar 2002. Robinson, C.: Governments, Competition and Utility Regulation. Edward Elgar 2005. Bonker, F.: The Political Economy of Fiscal Reform in Central-Eastern Europe. Edward Elgar 2006.

Recommended literature:

BROWN, S.W. Macroeconomics. New Jersey : Prentice Hall International, 1988. WHITELEY, P. Economic Policy Volume I. and II.. Cheltenham: Edward Elgar, 1998. ISBN 1-85898-115-8. BAUMOL Wiliam J. Economic Principles and Policy. 9th edition. South-Westwrn Publ., 2003. ISBN 0030355397 HAHN, R. W.: Antitrust Policy and Vertical Reestraints. Brooking Institution Press 2006. HYLTON, KEIT N.: Antitrust Law: Economic Theory and Common Law Evolution. Cambridge University Press 2003. RASMUSSEN, P.N., DELORS, J.: The New Social Europe. www.pes.org 2007. MUSGRAVE PEGGY B. Tax policy in the global economy : selected essays of Peggy B. Musgrave. Cheltenham : Edward Elgar, 2002. ISBN 1-840-64313-7 Economic policy in the international economy : essays in honor of Assaf Razin / edited by Elhanan Helpman, Efraim Sadka. Cambridge : Cambridge University Press, 2003. ISBN 0-521-81519-3

Way of continuous check of knowledge in the course of semester


Other requirements

No other requirements.


Subject has no prerequisities.


Subject has no co-requisities.

Subject syllabus:

Theoretical and methodological foundations of economic policy. regulatory and system-forming economic policy. Objectives, instruments and economic policy makers. Economic and political decision-making. Information and Economic Policy. Creating a regulatory economic policy, its background. The main components of regulatory economic policy: monetary policy, fiscal policy, external trade and monetary policy, income policy. System-Economic Policy: principles, goals, tools. Importance of theoretical economic policy for applied economic policy. Theoretical sources of economic policy. Development and goals of economic policy. Conceptual approaches to economic policy.

Conditions for subject completion

Part-time form (validity from: 2020/2021 Winter semester)
Task nameType of taskMax. number of points
(act. for subtasks)
Min. number of points
Examination Examination  
Mandatory attendence parzicipation:

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Occurrence in study plans

Academic yearProgrammeField of studySpec.ZaměřeníFormStudy language Tut. centreYearWSType of duty
2022/2023 (P6201) Economic Theory (6201V004) Economics P English Ostrava Choice-compulsory study plan
2022/2023 (P6201) Economic Theory (6201V004) Economics K English Ostrava Choice-compulsory study plan
2021/2022 (P6201) Economic Theory (6201V004) Economics P English Ostrava Choice-compulsory study plan
2021/2022 (P6201) Economic Theory (6201V004) Economics K English Ostrava Choice-compulsory study plan

Occurrence in special blocks

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