545-0203/04 – Principles of Market Economy (ZTE)

Gurantor departmentDepartment of Economics and Control SystemsCredits4
Subject guarantorprof. Ing. Jaroslav Dvořáček, CSc.Subject version guarantorprof. Ing. Jaroslav Dvořáček, CSc.
Study levelundergraduate or graduate
Study languageCzech
Year of introduction2006/2007Year of cancellation2013/2014
Intended for the facultiesHGFIntended for study typesBachelor
Instruction secured by
LoginNameTuitorTeacher giving lectures
DVO30 prof. Ing. Jaroslav Dvořáček, CSc.
MAG68 Ing. Jana Magnusková, 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+1
Combined Credit and Examination 6+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

There are no additional requirements for students.

Prerequisities

Subject has no prerequisities.

Co-requisities

Subject has no co-requisities.

Subject syllabus:

1. The importance of Economics, microeconomics and macroeconomics, inputy and outputy, economic systems 2. Market and its importance, the market mechanism, market operators 3. The market competition--the perfect and imperfect competition, the forms of the imperfect competition-monopoly competition, oligopoly, monopoly 4. The demand - individual, market, aggregate, factors affecting the size of the demand, the elasticity of demand 5. The supply - individual, market, aggregate, factors affecting the size of the supply, the elasticity of supply 6. The market price, equilibrium price 7. The labour market, the price of the work 8. Inflation-forms, an indicator of the inflation rate, stabilizing the currency tools 9. Unemployment – Tony Phillips curve, voluntary and involuntary unemployment, the unemployment rate indicator 10.Money Market, international money market, capital market, the price of capital 11.The land Market, the price of land 12.Measurement of macro-economic aggregates — GNP, GDP, nominal and real GDP, other macroeconomic aggregates 13.Economic growth and its measurement 14.The economic cycle and its phase, factors affecting the development of circular economy 15.The economic crisis-its causes and consequences 16.The economic policies of the State and its objectives-monetary and fiscal policy 17.Problems of public finances - budget deficit and public debt 18.The international trade and trade policy, balance of payments

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
2013/2014 (B2102) Mineral Raw Materials (2102R001) Economics and Management in the Field of Raw Materials K Czech Most 1 Compulsory study plan
2013/2014 (B2102) Mineral Raw Materials (2102R001) Economics and Management in the Field of Raw Materials P Czech Ostrava 1 Compulsory study plan
2012/2013 (B2102) Mineral Raw Materials (2102R001) Economics and Management in the Field of Raw Materials P Czech Ostrava 1 Compulsory study plan
2012/2013 (B2102) Mineral Raw Materials (2102R001) Economics and Management in the Field of Raw Materials K Czech Most 1 Compulsory study plan
2011/2012 (B2102) Mineral Raw Materials (2102R001) Economics and Management in the Field of Raw Materials P Czech Ostrava 1 Compulsory study plan
2011/2012 (B2102) Mineral Raw Materials (2102R001) Economics and Management in the Field of Raw Materials K Czech Most 1 Compulsory study plan
2010/2011 (B2102) Mineral Raw Materials (2102R001) Economics and Management in the Field of Raw Materials P Czech Ostrava 1 Compulsory study plan
2010/2011 (B2102) Mineral Raw Materials (2102R001) Economics and Management in the Field of Raw Materials K Czech Most 1 Compulsory study plan
2009/2010 (B2102) Mineral Raw Materials (2102R001) Economics and Management in the Field of Raw Materials P Czech Ostrava 1 Compulsory study plan
2009/2010 (B2102) Mineral Raw Materials (2102R001) Economics and Management in the Field of Raw Materials K Czech Most 1 Compulsory study plan
2008/2009 (B2102) Mineral Raw Materials (2102R003) Commerce Engineering in Raw Materials Treatment Industry P Czech Ostrava 1 Compulsory study plan
2008/2009 (B2102) Mineral Raw Materials (2102R001) Economics and Management in the Field of Raw Materials P Czech Ostrava 1 Compulsory study plan
2008/2009 (B2102) Mineral Raw Materials (2102R001) Economics and Management in the Field of Raw Materials K Czech Most 1 Compulsory study plan
2008/2009 (B2102) Mineral Raw Materials (2102R003) Commerce Engineering in Raw Materials Treatment Industry K Czech Ostrava 1 Compulsory study plan
2007/2008 (B2102) Mineral Raw Materials (2102R001) Economics and Management in the Field of Raw Materials P Czech Ostrava 1 Compulsory study plan
2007/2008 (B2102) Mineral Raw Materials (2102R001) Economics and Management in the Field of Raw Materials K Czech Most 1 Compulsory study plan

Occurrence in special blocks

Block nameAcademic yearForm of studyStudy language YearWSType of blockBlock owner