156-0358/01 – Descriptive economics (DEK)

Gurantor departmentDepartment of Applied EconomicsCredits5
Subject guarantorprof. Ing. Jaromír Gottvald, CSc.Subject version guarantorprof. Ing. Jaromír Gottvald, CSc.
Study levelundergraduate or graduateRequirementCompulsory
Study languageCzech
Year of introduction2019/2020Year of cancellation
Intended for the facultiesEKFIntended for study typesBachelor
Instruction secured by
LoginNameTuitorTeacher giving lectures
ADA364 Ing. Emil Adámek, Ph.D.
GOT40 prof. Ing. Jaromír Gottvald, CSc.
SUL0018 Ing. Jan Šulák
Extent of instruction for forms of study
Form of studyWay of compl.Extent
Full-time Graded credit 2+2

Subject aims expressed by acquired skills and competences

The aim of the course is to acquaint the students with the state and development of the world economy in international comparison, with an emphasis on the interconnections between the various areas of the national economy. The student will be acquainted with the basic characteristics of demographic development and will understand its connection with other branches of the economy (labour market, social system, etc.). The student will understand the basic macroeconomic variables (GDP, unemployment, inflation) and will be able to make regional comparisons and a general comparison of the CR with other countries. They will acquire the basic principles of how the public budget system works, learn about the workings of public finances and understand the links between the state budget deficit and other areas of the economy.

Teaching methods



Compulsory literature:

OECD. OECD Economic Surveys: Czech Republic 2016, OECD Publishing, Paris, 2016. Available from: http://dx.doi.org/10.1787/eco_surveys-cze-2016-en. ISBN: 978-92-64-25722-1. GOVERNMENT OF THE CZECH REPUBLIC. National Report on the Implementation of the 2030 Agenda for Sustainable Development - Czech Republic. 2017. Available from: https://www.vlada.cz/assets/ppov/udrzitelny-rozvoj/dokumenty/CZE-VNR-to-HLPF_2017_National-Report.pdf. CZSO. Czech Republic in International Comparison (Selected Indicators)2015. Czech Statistical Office, Prague: 2016. ISBN 978-80-250-2687-8.

Recommended literature:

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxCZSO. Demographic Yearbook of the Czech Republic 2016. Czech Statistical Office, Prague: 2017. ISBN 978-80-250-2787-5. MINISTRY OF LABOUR AND SOCIAL AFFAIRS OF THE CZECH REPUBLIC. National Action Plan for Positive Ageing for the Periond 2013-2017. Prague: 2014. ISBN 978-80-7421-111-9. CZECH NATIONAL BANK. Annual Report 2016. Czech National Bank, Prague: 2017. ISBN 978-80-87225-70-7.

Way of continuous check of knowledge in the course of semester


Další požadavky na studenta

There are not any other requirements.


Subject has no prerequisities.


Subject has no co-requisities.

Subject syllabus:

1. Introduction to the subject, work with statistical data, primary and secondary data sources. 2. Comparison of the economic system (the Czech economy before 1989 and today): centrally planned economy in Czechoslovakia, monetary policy and foreign trade, transformation process. 3. Population development in economic context (Czech Republic in comparison with Europe): brief introduction to economic demography, population development in the context of economic development, population development projection and demographic aging, its impact on the economy. 4. Human capital and manpower: education of the Czech population, employment and unemployment of the Czech Republic in comparison with Europe, OECD countries, development of the labor market since the 1990s, context with economic development. 5. Living standard and quality of life: definition and measurement of living standards, economy of Czech households, income inequality and poverty (in comparison with Europe), security in old age and illness, 6. Pension and health care in the Czech Republic, pension systems, pension funding system, types of pensions, link to GDP creation and redistribution. 7. Health care and health care, health insurance system, health care financing in the system of GDP redistribution, expenses, international comparison, health, health facilities, founders, private health care expenses in the system. 8. The state of the environment in the Czech Republic, the context of economic development and the impact on the economy and population, comparison with foreign countries, types of pollution, old ecological burdens, development of emissions and immissions in various types of pollution in the Czech Republic and Europe. 9. Macroeconomic development: development of national economy production, nominal and real gross domestic product, GDP creation, GDP measurement, NH sector structure, economic level, international comparison. 10. Foreign trade and balance of payments, relationship of OO to GDP, structure of trade balance, ZO - territorial, commodity, ZO development since 1990, balance of services, balance of payments, development and links. 11. External relations, principles of external economic policy, openness of economy, factors influencing openness of economy, instruments of foreign trade policy, business tools autonomous and conventional. 12. The role and mission of the CNB in the economy, the CNB's objectives, price stability vs. inflation, the exchange rate of the CZK, EURO. 13. Macroeconomic development - public finances, private and public goods, public budgets, revenues and expenditures, mandatory and quasi-mandatory expenditures, state budget, public debt. 14. Education and education, education system in the Czech Republic, development of Czech education after 1990, education of the Czech population, international comparison, regional differences, development of higher education, financing of public education in the Czech Republic and in the world.

Conditions for subject completion

Full-time form (validity from: 2019/2020 Winter semester)
Task nameType of taskMax. number of points
(act. for subtasks)
Min. number of points
Graded credit Graded credit 100 (100) 51
        Písemný zápočtový test Written test 100  51
Mandatory attendence parzicipation: Written credit test and points earned by the student at the seminars.

Show history

Occurrence in study plans

Academic yearProgrammeField of studySpec.ZaměřeníFormStudy language Tut. centreYearWSType of duty
2019/2020 (B0311A050004) Applied Economics (S01) International Economic Relations HPM P Czech Ostrava 1 Compulsory study plan
2019/2020 (B0311A050004) Applied Economics (S02) Economic Development ER P Czech Ostrava 1 Compulsory study plan

Occurrence in special blocks

Block nameAcademic yearForm of studyStudy language YearWSType of blockBlock owner