156-0311/06 – Economic Policy B (HP B)
| Gurantor department | Department of Applied Economics | Credits | 4 |
| Subject guarantor | doc. Ing. Mariola Pytliková, Ph.D. | Subject version guarantor | Ing. Lenka Johnson Filipová, Ph.D. |
| Study level | undergraduate or graduate | Requirement | Choice-compulsory |
| Year | 1 | Semester | summer |
| | Study language | Czech |
| Year of introduction | 2011/2012 | Year of cancellation | 2020/2021 |
| Intended for the faculties | EKF | Intended for study types | Follow-up Master |
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
Lectures
Tutorials
Summary
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:
Recommended literature:
Additional study materials
Way of continuous check of knowledge in the course of semester
E-learning
Other requirements
Any other requirements.
Prerequisities
Subject has no prerequisities.
Co-requisities
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
Occurrence in study plans
Occurrence in special blocks
Assessment of instruction
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