Economics (KPV/E-EKO)

NOTICE: The validity of the information on this page has expired.

6 credits
Teacher: Ing. Svatopluk Slovák, Ph.D.
Method of completion: Examination
Semester: Summer/Winter
Language of instruction: English
Language of consultation: English

Annotation:

The objective is to familiarize students with basic economic categories, the behaviour of economic agents (consumers, households, companies), and the mechanisms of the market economy and individual markets. Further topics include basic macroeconomic variables and categories (product of the economy, inflation, unemployment, economic growth, economic cycles), the behaviour of the state as an economic entity, and the role of the state in influencing economic development.

Content:

basic conditions of production
functioning market economy and individual markets
demand, supply, market price, price elasticity of demand
behaviour of consumers and companies, cost, revenue and profit
the labour market, the capital market, the natural resources market
basic macroeconomic aggregates, measurement of economic activity of a country
unemployment
inflation
economic policy - fiscal policy, monetary policy

Literature:

Basic:

Samuelson P.A. Nordhaus W.D. Economics. McGraw Hill, 1989.

Additional:

Frank, R. and Bernanke, B. Economics. Grada Publishing. Praha, 2003.
MANKIW, N. Gregory. Principles of Microeconomics. 6th edition. South-Western, Cengage Learning, 2011.