545-0203/01 – Principles of Market Economy (ZTE)

Gurantor departmentDepartment of Economics and Control SystemsCredits3
Subject guarantorprof. Ing. Jaroslav Dvořáček, CSc.Subject version guarantorprof. Ing. Jaroslav Dvořáček, CSc.
Study levelundergraduate or graduateRequirementCompulsory
Year1Semesterwinter
Study languageCzech
Year of introduction1999/2000Year of cancellation2014/2015
Intended for the facultiesHGFIntended for study typesBachelor
Instruction secured by
LoginNameTuitorTeacher giving lectures
CER25 Ing. Igor Černý, Ph.D.
DVO30 prof. Ing. Jaroslav Dvořáček, CSc.
TOM60 Ing. Yveta Tomášková, Ph.D.
Extent of instruction for forms of study
Form of studyWay of compl.Extent
Full-time Credit and Examination 2+0
Combined Credit and Examination 6+0

Subject aims expressed by acquired skills and competences

Student shows knowledge: of the essential elements of the functioning of the market mechanism, of fundamental economic objectives of the State, of basic aggregate indicators measuring the performance of the economy. Student can: analyze the ways of the behavior of individual economic operators in a market economy, link knowledge of the general economic theory with the terms of the real economy, Student is able to: explain the causes of market failures and argue the practical economic policy, describe and explain the cycle of economic life in the market economy.

Teaching methods

Lectures
Individual consultations
Tutorials
Other activities

Summary

Students will be familiar with market mechanism basic concepts - market rules, market price, market competition, problems of economics process - productions and factors of production, dividing and redistributing, exchange, consumption. There is also described questions of macroeconomics aggregates - GDP, GNP, developing of business cycle, growth performance, prices and inflation, etc. Conclusion of this subject is about national economic politics and their instruments.

Compulsory literature:

[1]SAMUELSON, P.A.; NORDHAUS, W. D. Ekonomie. 1.vyd. Praha : NS Svoboda, 2010. 775 s. ISBN 978-80-205-0590-3. [2]HOŘEJŠÍ, B. Mikroekonomie. 5. aktualiz. vyd. Praha : Management Press, 2010. 574 s. ISBN 978-80-7261-218-5.

Recommended literature:

[1]MANSOOR, M. Makroekonomie v praxi. 1. vyd. Praha : Wolters Kluwer ČR, 2010. 195 s. ISBN 978-80-7357-560-1.

Way of continuous check of knowledge in the course of semester

Regular feedback on the progress of knowledge during the current term is provided by seminar works, semester projects, and knowledge checks.

E-learning

Další požadavky na studenta

Regular feedback on the progress of knowledge during the current term is provided by seminar works, semester projects, and knowledge checks.

Prerequisities

Subject has no prerequisities.

Co-requisities

Subject has no co-requisities.

Subject syllabus:

1. The importance of economics, microeconomics and macroeconomics, input and output, economic Systems 2. Market and its importance, the market mechanism, market participants 3. Market competition - the perfect and imperfect competition, imperfect forms competition - monopolistic competition, oligopoly, monopoly 4. Demand, factors affecting the size of demand, elasticity of demand 5. Offer, factors affecting the size of the supply elasticity of supply 6. Market price, the equilibrium price 7. Labor market, labor costs 8. Inflation - a form indicator inflation, currency stabilization tool 9. Unemployment - the Phillips curve, voluntary and involuntary unemployment indicator unemployment 10.Money market, international money market, capital market, cost of capital 11.Land market, land price 12.Measurement macroeconomic aggregates - GDP, GDP, nominal and real GDP, expenditure and income method of measurement, other national economic units 13.Economic growth and its measurement 14.Aggregate demand and aggregate supply 15.Economic cycle and its phases, cyclical factors affecting the development of the economy 16.Economic policy of the country and its goals - monetary and fiscal policy 17.International trade and trade policy, balance of payments 18.Effectiveness economic policies - magic quadrangle

Conditions for subject completion

Full-time form (validity from: 1960/1961 Summer semester, validity until: 2011/2012 Summer semester)
Task nameType of taskMax. number of points
(act. for subtasks)
Min. number of points
Exercises evaluation and Examination Credit and Examination 100 (100) 51
        Exercises evaluation Credit 30 (30) 0
                Project Project 13  0
                Other task type Other task type 17  0
        Examination Examination 70 (70) 0
                Written examination Written examination 70  0
Mandatory attendence parzicipation:

Show history

Occurrence in study plans

Academic yearProgrammeField of studySpec.FormStudy language Tut. centreYearWSType of duty
2013/2014 (B3646) Geodesy and Cartography (3646R007) Engineering Geodesy P Czech Ostrava 1 Optional study plan
2013/2014 (B3646) Geodesy and Cartography (3646R001) Mining Surveying P Czech Ostrava 1 Optional study plan
2013/2014 (B2102) Mineral Raw Materials (6209R013) Information and System Management P Czech Ostrava 1 Compulsory study plan
2013/2014 (B2102) Mineral Raw Materials (6209R013) Information and System Management K Czech Ostrava 1 Compulsory study plan
2013/2014 (B2102) Mineral Raw Materials (6209R013) Information and System Management K Czech Most 1 Compulsory study plan
2012/2013 (B2102) Mineral Raw Materials (6209R013) Information and System Management P Czech Ostrava 1 Compulsory study plan
2012/2013 (B2102) Mineral Raw Materials (6209R013) Information and System Management K Czech Ostrava 1 Compulsory study plan
2012/2013 (B2102) Mineral Raw Materials (6209R013) Information and System Management K Czech Most 1 Compulsory study plan
2012/2013 (B3646) Geodesy and Cartography (3646R001) Mining Surveying P Czech Ostrava 1 Optional study plan
2012/2013 (B3646) Geodesy and Cartography (3646R007) Engineering Geodesy P Czech Ostrava 1 Optional study plan
2011/2012 (B3646) Geodesy and Cartography (3646R001) Mining Surveying P Czech Ostrava 1 Optional study plan
2011/2012 (B3646) Geodesy and Cartography (3646R007) Engineering Geodesy P Czech Ostrava 1 Optional study plan
2011/2012 (B2102) Mineral Raw Materials (6209R013) Information and System Management P Czech Ostrava 1 Compulsory study plan
2011/2012 (B2102) Mineral Raw Materials (6209R013) Information and System Management K Czech Ostrava 1 Compulsory study plan
2011/2012 (B2102) Mineral Raw Materials (6209R013) Information and System Management K Czech Most 1 Compulsory study plan
2010/2011 (B3646) Geodesy and Cartography (3646R001) Mining Surveying P Czech Ostrava 1 Optional study plan
2010/2011 (B3646) Geodesy and Cartography (3646R007) Engineering Geodesy P Czech Ostrava 1 Optional study plan
2010/2011 (B2102) Mineral Raw Materials (6209R013) Information and System Management P Czech Ostrava 1 Compulsory study plan
2010/2011 (B2102) Mineral Raw Materials (6209R013) Information and System Management K Czech Ostrava 1 Compulsory study plan
2010/2011 (B2102) Mineral Raw Materials (6209R013) Information and System Management K Czech Most 1 Compulsory study plan
2009/2010 (B2102) Mineral Raw Materials (3902R006) Automation and Computers in Raw Material Industry P Czech Ostrava 1 Compulsory study plan
2009/2010 (B2102) Mineral Raw Materials (6209R013) Information and System Management P Czech Ostrava 1 Compulsory study plan
2009/2010 (B2102) Mineral Raw Materials (6209R013) Information and System Management K Czech Ostrava 1 Compulsory study plan
2009/2010 (B2102) Mineral Raw Materials (6209R013) Information and System Management K Czech Most 1 Compulsory study plan
2008/2009 (B2102) Mineral Raw Materials (6209R013) Information and System Management K Czech Ostrava 1 Compulsory study plan
2008/2009 (B2102) Mineral Raw Materials (6209R013) Information and System Management K Czech Most 1 Compulsory study plan
2008/2009 (B2102) Mineral Raw Materials (3902R006) Automation and Computers in Raw Material Industry P Czech Ostrava 1 Compulsory study plan
2008/2009 (B2102) Mineral Raw Materials (6209R013) Information and System Management P Czech Ostrava 1 Compulsory study plan
2007/2008 (B2102) Mineral Raw Materials (6209R013) Information and System Management K Czech Ostrava 1 Compulsory study plan
2007/2008 (B2102) Mineral Raw Materials (6209R013) Information and System Management K Czech Most 1 Compulsory study plan
2007/2008 (B2102) Mineral Raw Materials (3902R006) Automation and Computers in Raw Material Industry P Czech Ostrava 1 Compulsory study plan
2007/2008 (B2102) Mineral Raw Materials (6209R013) Information and System Management P Czech Ostrava 1 Compulsory study plan
2006/2007 (B2102) Mineral Raw Materials (6209R013) Information and System Management K Czech Ostrava 1 Compulsory study plan
2006/2007 (B2102) Mineral Raw Materials (6209R013) Information and System Management K Czech Most 1 Compulsory study plan
2006/2007 (B2102) Mineral Raw Materials (6209R013) Information and System Management P Czech Ostrava 1 Compulsory study plan
2006/2007 (B2102) Mineral Raw Materials (3902R006) Automation and Computers in Raw Material Industry P Czech Ostrava 1 Compulsory study plan
2005/2006 (B2102) Mineral Raw Materials (2102R001) Economics and Management in the Field of Raw Materials P Czech Ostrava 1 Compulsory study plan
2005/2006 (B2102) Mineral Raw Materials (2102R001) Economics and Management in the Field of Raw Materials K Czech Most 1 Compulsory study plan
2005/2006 (B2102) Mineral Raw Materials (2102R003) Commerce Engineering in Raw Materials Treatment Industry P Czech Ostrava 1 Compulsory study plan
2004/2005 (B2102) Mineral Raw Materials (2102R001) Economics and Management in the Field of Raw Materials P Czech Ostrava 1 Compulsory study plan
2004/2005 (B2102) Mineral Raw Materials (2102R001) Economics and Management in the Field of Raw Materials K Czech Ostrava 1 Compulsory study plan
2004/2005 (B2102) Mineral Raw Materials (2102R003) Commerce Engineering in Raw Materials Treatment Industry P Czech Ostrava 1 Compulsory study plan

Occurrence in special blocks

Block nameAcademic yearForm of studyStudy language YearWSType of blockBlock owner
Subject block without study plan - HGF - P 2014/2015 Full-time Czech Optional HGF - Faculty of Mining and Geology stu. block