156-0311/03 – Economic Policy B (HP B)

Gurantor departmentDepartment of Applied EconomicsCredits4
Subject guarantordoc. Ing. Mariola Pytliková, Ph.D.Subject version guarantorprof. Ing. Christiana Kliková, CSc.
Study levelundergraduate or graduateRequirementChoice-compulsory
Study languageCzech
Year of introduction2005/2006Year of cancellation2011/2012
Intended for the facultiesEKFIntended for study typesFollow-up Master
Instruction secured by
LoginNameTuitorTeacher giving lectures
FIL03 Ing. Lenka Johnson Filipová, Ph.D.
KLI30 prof. Ing. Christiana Kliková, CSc.
Extent of instruction for forms of study
Form of studyWay of compl.Extent
Full-time Credit and Examination 2+1

Subject aims expressed by acquired skills and competences

- to outline economic policy for stability and economic cycles - to compare theoretical approaches to the deficit of state budget and its impact on economy - to explain differences between economic policy for stability and growth - to employ the results of growth models for establishing the policy for growth - to clarify and compare other economic policies such as structural policy, state antimonopoly control, social, employment, and regional policy

Teaching methods



The subject is focused on the stabilization policy and microeconomic policies: economic competition policy, structural policy, social policy, income distribution policy, employment policy, regional policy and environmental policy.

Compulsory literature:

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.

Recommended literature:

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.

Way of continuous check of knowledge in the course of semester


Other requirements

Any other requirements.


Subject has no prerequisities.


Subject has no co-requisities.

Subject syllabus:

1. Stabilization policy. Business cycle theories, stabilization policy goals, instruments, theoretical conceptions. 2. Fiscal policy as an instrument of stabilization policy. Fiscal policy function. Taxation effectiveness. State budget, budget deficit and its financing. 3. Fiscal imbalance. Budget deficit typology, origin and coverage of budget deficit, neoclassical approach, fiscal monetarism, Barro-Ricardo hypothesis. 4. Monetary policy as an instrument of stabilization policy. Expansive monetary policy in case of recession or expansion. Central bank independence. Accommodative and non-accommodative policy 5. Keynesian and Monetarist approach to stabilization policy. Monetary and fiscal policy in Monetarist and Keynesian models. Delays in fiscal and monetary policy. Coincidence of fiscal and monetary policy. Rational expectations stabilization of economy. 6. Foreign trade policy and stabilization. Accordance and conflict of internal and external equilibrium, expenditure switching and expenditure reducing/increasing policies. Fiscal and monetary policy in the system of fix or floating exchange rates. 7. Structural policy. Process of structural changes and main factors of the changes. Structural crisis. Strategic, adaptation and horizontal policies. Stimulating a regulating measures. 8. Structural policy. Structural deviation and structural change. State approaches and forms of structural policy. Problems of structural policy. Structural policy in the Czech Republic. 9. Competition policy. Forms of competition restrictions, measurement of concentration and structure. Competition policy instruments, narrow and wide approach of competition policy. Conceptions of competition policy. Antimonopoly policy in the Czech Republic. 11. Social policy, approaches and function. Relation between economic and social policy. Economic aspects of social policy. Basic principals of social policy. Instruments, strategy and effectiveness. Social doctrines. Problems of social policy makers and receivers. Social policy in the Czech Republic. 12. Distribution policy. Approaches to distribution policy. Measurement of social disparities and poverty. Instruments and measures with impact on distribution of income. Approaches to distribution policy. Distribution policy in the Czech Republic. 13. Employment policy, goals and instruments. Active and passive employment policy. Employment policy in the Czech Republic. 14. Regional policy, characteristics. Theoretical approaches and instruments of regional policy. Coincidence of fiscal, monetary and foreign trade policies and regional policy. Genesis of regional policy approaches. Regional policy in the Czech Republic. 14. Environmental policy. Characteristics and genesis of environmental policy. Environmental issues in economic theories. Sustainable development, Agenda 21. Environmental policy instruments. Environmental thrift.

Conditions for subject completion

Full-time form (validity from: 1960/1961 Summer semester)
Task nameType of taskMax. number of points
(act. for subtasks)
Min. number of pointsMax. počet pokusů
Exercises evaluation and Examination Credit and Examination 100 (100) 51 3
        Exercises evaluation Credit 30 (30) 0 3
                Other task type Other task type 30  0 3
        Examination Examination 70 (70) 0 3
                Oral Oral examination 70  0 3
Mandatory attendence participation:

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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
2006/2007 (M6209) Systems Engineering and Informatics (6209T025) System Engineering and Informatics P Czech Ostrava 3 Choice-compulsory study plan
2006/2007 (N6202) Economic Policy and Administration (6202T027) National Economy (00) National Economy P Czech Ostrava 1 Compulsory study plan
2006/2007 (N6202) Economic Policy and Administration (6210T004) European Integration (00) European Integration P Czech Ostrava Choice-compulsory study plan

Occurrence in special blocks

Block nameAcademic yearForm of studyStudy language YearWSType of blockBlock owner

Assessment of instruction

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