634-0935/01 – Theory of Economics (TE)

Gurantor departmentDepartment of Economics and Management in IndustryCredits10
Subject guarantordoc. Ing. Šárka Vilamová, Ph.D.Subject version guarantordoc. Ing. Šárka Vilamová, Ph.D.
Study levelpostgraduate
Study languageCzech
Year of introduction2006/2007Year of cancellation
Intended for the facultiesHGF, FMTIntended for study typesDoctoral
Instruction secured by
LoginNameTuitorTeacher giving lectures
VIL10 doc. Ing. Šárka Vilamová, Ph.D.
Extent of instruction for forms of study
Form of studyWay of compl.Extent
Full-time Examination 3+0
Combined Examination 3+0

Subject aims expressed by acquired skills and competences

Student will know the concepts knowledge market mechanism function, and behaviour of consumers and firms in the market environment, creation of balance between a firm and the market in various market situations and the basic context of balancing the production factors markets. From the point of view of skills, students will have the summary of the economic function of the state, targets and instruments of economic policy, basic context of monetary policy, fiscal policy, external business and incomes policy.

Teaching methods

Lectures
Seminars
Project work

Summary

Microeconomics - The initial part, serving as an introduction to studying economics at the same time, concentrates on defining the subject of economics and methods, characteristics and functions of economy. The course's central point lies in an analysis of market mechanism function, and behaviour of consumers and firms in the market environment. Explanation will be provided for conditions of creation of balance between a firm and the market in various market situations and the basic context of balancing the production factors markets. Macroeconomics deals with measuring national economy performance, problems connected with economic equilibrium, and causes and manifestations of cyclical oscillations. The following part of the course explains the nature of money, structure of the banking system and basic conditions of inflation. It explains the economic function of the state, targets and instruments of economic policy, basic context of monetary policy, fiscal policy, external business and incomes policy.

Compulsory literature:

[1] Mils, J.: Critical History of Economics. Basingstoke, Palgrave Macmilan 2002 [2] Roll, E.: A History of Economic Thought. London, Faber and Faber 1992 [3] Samuelson, P.A. - Nordhaus, W.D.: Economics, McGraw Hill, 1989

Recommended literature:

[1] Blaug, M.: Economic Theory in Retrospect. 5. vydání. Cambridge, Cambridge University Press 1999 [2] Blaug, M. - Vane, H.R. (eds.): Who’ s Who in Economics. 4. vydání. Cheltenham, Edward Elgar 2003 [3] Dow, S.C.: The Methodology of Macroeconomic Thought. A Conceptual Analysis of School of Thought in Economics. Cheltenham, Edward Elgar 1996 [4] Dow, S.C.: Economic Methodology: an Enquiry. Oxford, Oxford University Press 2002 [5] Eatwell, J. - Milgate, M. - Newman, P. (eds.): The New Palgrave A Dictionary of Economics. Volume 1 (A to D). Volume 2 (E to J). Volume 3 (K to P). Volume 4 (Q to Z). New York, Palgrave Publishers 2002

Way of continuous check of knowledge in the course of semester

E-learning

Další požadavky na studenta

Processing project set topic

Prerequisities

Subject has no prerequisities.

Co-requisities

Subject has no co-requisities.

Subject syllabus:

1. The definition of economics as a scientific discipline, institutional environment and economics holders. 2. Economics - targets and their hierarchy. The basic social tragets. Traditional and economic targets. 3. The theoretical basis of economics. 4. Liberal vs. interventionist economic policy. 5. Mercantilism, physiocracy, classical school, the neoclassical school and Keynesian economic policy. 6. Monetarism, supply-side economics, public choice school, the school of rational expectations. 7. Government versus market failure as the arguments for and against maximizing the state's role in the economy. 8. The basic concept of economic policy. The pro-growth versus stabilization policy. Factors and sources of economic growth. 9. Fiscal policy and its functions. Carriers, targets and instruments of fiscal policy. Automatic stabilizers versus discrete measures. 10. Monetary policy and its functions. Carriers and targets of monetary policy. Direct and indirect monetary policy instruments and their use in the country. Inflation targeting and pure inflation. Central bank independence. Monetary policy of CNB.

Conditions for subject completion

Full-time form (validity from: 2013/2014 Winter semester)
Task nameType of taskMax. number of points
(act. for subtasks)
Min. number of points
Examination Examination  
Mandatory attendence parzicipation:

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Combined form (validity from: 2013/2014 Winter semester)
Task nameType of taskMax. number of points
(act. for subtasks)
Min. number of points
Examination Examination  
Mandatory attendence parzicipation:

Show history

Occurrence in study plans

Academic yearProgrammeField of studySpec.FormStudy language Tut. centreYearWSType of duty
2019/2020 (P3925) Management of Industrial Systems K Czech Ostrava Choice-compulsory study plan
2019/2020 (P3925) Management of Industrial Systems P Czech Ostrava Choice-compulsory study plan
2018/2019 (P3925) Management of Industrial Systems K Czech Ostrava Choice-compulsory study plan
2018/2019 (P3925) Management of Industrial Systems P Czech Ostrava Choice-compulsory study plan
2017/2018 (P3925) Management of Industrial Systems P Czech Ostrava Choice-compulsory study plan
2017/2018 (P3925) Management of Industrial Systems K Czech Ostrava Choice-compulsory study plan
2016/2017 (P3925) Management of Industrial Systems P Czech Ostrava Choice-compulsory study plan
2016/2017 (P3925) Management of Industrial Systems K Czech Ostrava Choice-compulsory study plan
2015/2016 (P3925) Management of Industrial Systems K Czech Ostrava Choice-compulsory study plan
2015/2016 (P3925) Management of Industrial Systems P Czech Ostrava Choice-compulsory study plan
2015/2016 (P3925) Management of Industrial Systems P Czech Ostrava Choice-compulsory study plan
2015/2016 (P3925) Management of Industrial Systems K Czech Ostrava Choice-compulsory study plan
2014/2015 (P3925) Management of Industrial Systems P Czech Ostrava Choice-compulsory study plan
2014/2015 (P3925) Management of Industrial Systems K Czech Ostrava Choice-compulsory study plan
2014/2015 (P3925) Management of Industrial Systems P Czech Ostrava Choice-compulsory study plan
2014/2015 (P3925) Management of Industrial Systems K Czech Ostrava Choice-compulsory study plan
2013/2014 (P3925) Management of Industrial Systems P Czech Ostrava Choice-compulsory study plan
2013/2014 (P3925) Management of Industrial Systems K Czech Ostrava Choice-compulsory study plan
2013/2014 (P3925) Management of Industrial Systems P Czech Ostrava Choice-compulsory study plan
2013/2014 (P3925) Management of Industrial Systems K Czech Ostrava Choice-compulsory study plan
2012/2013 (P3925) Management of Industrial Systems P Czech Ostrava Choice-compulsory study plan
2012/2013 (P3925) Management of Industrial Systems K Czech Ostrava Choice-compulsory study plan
2012/2013 (P3925) Management of Industrial Systems P Czech Ostrava Choice-compulsory study plan
2012/2013 (P3925) Management of Industrial Systems K Czech Ostrava Choice-compulsory study plan
2011/2012 (P3925) Management of Industrial Systems P Czech Ostrava Choice-compulsory study plan
2011/2012 (P3925) Management of Industrial Systems K Czech Ostrava Choice-compulsory study plan
2011/2012 (P3925) Management of Industrial Systems P Czech Ostrava Choice-compulsory study plan
2011/2012 (P3925) Management of Industrial Systems K Czech Ostrava Choice-compulsory study plan
2010/2011 (P3925) Management of Industrial Systems P Czech Ostrava Choice-compulsory study plan
2010/2011 (P3925) Management of Industrial Systems K Czech Ostrava Choice-compulsory study plan
2010/2011 (P3925) Management of Industrial Systems P Czech Ostrava Optional study plan
2010/2011 (P3925) Management of Industrial Systems K Czech Ostrava Optional study plan
2009/2010 (P3925) Management of Industrial Systems P Czech Ostrava Choice-compulsory study plan
2009/2010 (P3925) Management of Industrial Systems K Czech Ostrava Choice-compulsory study plan
2009/2010 (P3925) Management of Industrial Systems P Czech Ostrava Optional study plan
2009/2010 (P3925) Management of Industrial Systems K Czech Ostrava Optional study plan
2008/2009 (P3925) Management of Industrial Systems P Czech Ostrava Choice-compulsory study plan
2008/2009 (P3925) Management of Industrial Systems K Czech Ostrava Choice-compulsory study plan
2008/2009 (P3925) Management of Industrial Systems P Czech Ostrava Optional study plan
2008/2009 (P3925) Management of Industrial Systems K Czech Ostrava Optional study plan

Occurrence in special blocks

Block nameAcademic yearForm of studyStudy language YearWSType of blockBlock owner