545-0203/02 – Principles of Market Economy (ZTE)

Gurantor departmentDepartment of Economics and Control SystemsCredits5
Subject guarantorprof. Ing. Jaroslav Dvořáček, CSc.Subject version guarantorprof. Ing. Jaroslav Dvořáček, CSc.
Study levelundergraduate or graduate
Study languageCzech
Year of introduction1999/2000Year of cancellation2014/2015
Intended for the facultiesHGFIntended for study typesBachelor
Instruction secured by
LoginNameTuitorTeacher giving lectures
DVO30 prof. Ing. Jaroslav Dvořáček, CSc.
MAT49 Ing. Simona Matušková, Ph.D.
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+2
Combined Credit and Examination 9+3

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

Conditions for completion are defined only for particular subject version and form of study

Occurrence in study plans

Academic yearProgrammeField of studySpec.FormStudy language Tut. centreYearWSType of duty
2014/2015 (B2110) Geological Engineering (2101R004) Geoscience and Industrial Tourism (00) GMT P Czech Ostrava 1 Compulsory study plan
2014/2015 (B2110) Geological Engineering (2101R004) Geoscience and Industrial Tourism (10) Geoscience and Industrial Tourism P Czech Most 1 Compulsory study plan
2013/2014 (B2110) Geological Engineering (2101R004) Geoscience and Industrial Tourism (10) Geoscience and Industrial Tourism P Czech Most 1 Compulsory study plan
2013/2014 (B2110) Geological Engineering (2101R004) Geoscience and Industrial Tourism (00) GMT P Czech Ostrava 1 Compulsory study plan
2012/2013 (B2110) Geological Engineering (2101R004) Geoscience and Industrial Tourism (00) GMT P Czech Ostrava 1 Compulsory study plan
2012/2013 (B2110) Geological Engineering (2101R004) Geoscience and Industrial Tourism (10) Geoscience and Industrial Tourism P Czech Most 1 Compulsory study plan
2011/2012 (B2110) Geological Engineering (2101R004) Geoscience and Industrial Tourism (00) GMT P Czech Ostrava 1 Compulsory study plan
2011/2012 (B2110) Geological Engineering (2101R004) Geoscience and Industrial Tourism (10) Geoscience and Industrial Tourism P Czech Most 1 Compulsory study plan
2010/2011 (B2110) Geological Engineering (2101R004) Geoscience and Industrial Tourism (00) GMT P Czech Ostrava 1 Compulsory study plan
2010/2011 (B2110) Geological Engineering (2101R004) Geoscience and Industrial Tourism (10) Geoscience and Industrial Tourism P Czech Most 1 Compulsory study plan
2009/2010 (B2110) Geological Engineering (2101R004) Geoscience and Industrial Tourism (00) GMT P Czech Ostrava 1 Compulsory study plan
2009/2010 (B2110) Geological Engineering (2101R004) Geoscience and Industrial Tourism (10) Geoscience and Industrial Tourism P Czech Most 1 Compulsory study plan
2008/2009 (B2110) Geological Engineering (2101R004) Geoscience and Industrial Tourism (00) GMT P Czech Ostrava 1 Compulsory study plan
2008/2009 (B2110) Geological Engineering (2101R004) Geoscience and Industrial Tourism (10) Geoscience and Industrial Tourism P Czech Most 1 Compulsory study plan
2007/2008 (B2102) Mineral Raw Materials (2102R003) Commerce Engineering in Raw Materials Treatment Industry P Czech Ostrava 1 Compulsory study plan
2007/2008 (B2102) Mineral Raw Materials (2102R003) Commerce Engineering in Raw Materials Treatment Industry K Czech Ostrava 1 Compulsory study plan
2007/2008 (B2110) Geological Engineering (2101R004) Geoscience and Industrial Tourism (00) GMT P Czech Ostrava 1 Compulsory study plan
2007/2008 (B2110) Geological Engineering (2101R004) Geoscience and Industrial Tourism (10) Geoscience and Industrial Tourism P Czech Most 1 Compulsory study plan
2006/2007 (B2102) Mineral Raw Materials (2102R003) Commerce Engineering in Raw Materials Treatment Industry P Czech Ostrava 1 Compulsory study plan
2006/2007 (B2102) Mineral Raw Materials (2102R001) Economics and Management in the Field of Raw Materials P Czech Ostrava 1 Compulsory study plan
2006/2007 (B2102) Mineral Raw Materials (2102R001) Economics and Management in the Field of Raw Materials K Czech Most 1 Compulsory study plan
2006/2007 (B2102) Mineral Raw Materials (2102R003) Commerce Engineering in Raw Materials Treatment Industry K Czech Ostrava 1 Compulsory study plan

Occurrence in special blocks

Block nameAcademic yearForm of studyStudy language YearWSType of blockBlock owner