Applied economics in the raw materials industry
| Type of study | Bachelor |
|---|---|
| Language of instruction | Czech |
| Code | 545-0182/01 |
| Abbreviation | AESP |
| Course title | Applied economics in the raw materials industry |
| Credits | 6 |
| Coordinating department | Department of Economics and Control Systems |
| Course coordinator | prof. Ing. Lenka Fojtíková, Ph.D. |
Subject syllabus
1. Introduction to the course, definition of basic terms.
2. Economic sectors, the importance of the mining and raw materials industries for the national economy. Economic output and its measurement.
3. Equilibrium in the mineral resources market in a perfectly competitive market.
4. Imperfect market structures in the raw materials industry.
5. Production factors and their specifics in the area of raw material extraction and processing.
6. Economic cycles and the impact of crises on the raw materials industry.
7. State economic policy in the energy sector and mineral resources.
8. Public resources and the fuel-energy industry.
9. Monetary policy and the problem of inflation.
10. Externalities in the raw materials industry.
11. Structural changes in the economy, technological innovations, and their impact on employment.
12. The importance of foreign trade for the raw materials industry.
13. EU economic policy with a focus on the mining industry in the EU/CZ.
2. Economic sectors, the importance of the mining and raw materials industries for the national economy. Economic output and its measurement.
3. Equilibrium in the mineral resources market in a perfectly competitive market.
4. Imperfect market structures in the raw materials industry.
5. Production factors and their specifics in the area of raw material extraction and processing.
6. Economic cycles and the impact of crises on the raw materials industry.
7. State economic policy in the energy sector and mineral resources.
8. Public resources and the fuel-energy industry.
9. Monetary policy and the problem of inflation.
10. Externalities in the raw materials industry.
11. Structural changes in the economy, technological innovations, and their impact on employment.
12. The importance of foreign trade for the raw materials industry.
13. EU economic policy with a focus on the mining industry in the EU/CZ.
E-learning
For communication beyond in-person lectures and exercises, the Moodle learning management system (lms.vsb.cz) is used. This platform facilitates communication not only between the instructor and students but also among students themselves.
Literature
BESANKO, David a BRAEUTIGAM, Ronald R. Microeconomics. Sixth edition. Hoboken: Wiley, 2020. ISBN 978-1-119-55484-4.
SCANLON, Kyla. In this Economy? How Money & Markets Really Work. New York: Crown Publishing Group, 2024. ISBN: 13-978-0-593-72787-4.
STAVÁREK, David a TVRDOŇ, Michal. Modeling Economic Growth in Contemporary Czechia. Leeds: Emerald Publishing Limited, 2024. ISBN: 978-18-375-3841-6 .
LANCHIMBA, Cintya. Industrial Organization: The Economics of Markets, Firms, and Competition. Cham: Palgrave Macmillan, 2026. ISBN: 978-3-032-10905-7 .
SCANLON, Kyla. In this Economy? How Money & Markets Really Work. New York: Crown Publishing Group, 2024. ISBN: 13-978-0-593-72787-4.
STAVÁREK, David a TVRDOŇ, Michal. Modeling Economic Growth in Contemporary Czechia. Leeds: Emerald Publishing Limited, 2024. ISBN: 978-18-375-3841-6 .
LANCHIMBA, Cintya. Industrial Organization: The Economics of Markets, Firms, and Competition. Cham: Palgrave Macmillan, 2026. ISBN: 978-3-032-10905-7 .
Advised literature
BÉNASSY-QUÉRÉ,Agnés; COEURÉ, Benoit; JACQUET, Pierre a PISANI-FERRY, Jean. Economic Policy. Theory and Practice. Oxford: Oxford University Press, 2010. ISBN 978-0-19-532273-6.
KRUGMAN, Paul R.; OBSTFELD, Maurice a MELITZ, Marc J. International Economics. Theory and Policy. Tenth edition. Harlow: Pearson Education Limited, 2015. ISBN-10: 1-292-01955-7. ISBN-13: 978-1-292-01955-0.
MANKIW, N. Gregory. Macroeconomics. Tenth edition. New York, NY: Macmillan International Higher Education, 2019. ISBN 978-1-319-24358-6.
SOWELL, Thomas. Basic Economics: A Common Sense Guide to the Economy. Fifth edition. New York: Perseus Books Group, 2015. ISBN: 978-0-465-06073-3.
KRUGMAN, Paul R.; OBSTFELD, Maurice a MELITZ, Marc J. International Economics. Theory and Policy. Tenth edition. Harlow: Pearson Education Limited, 2015. ISBN-10: 1-292-01955-7. ISBN-13: 978-1-292-01955-0.
MANKIW, N. Gregory. Macroeconomics. Tenth edition. New York, NY: Macmillan International Higher Education, 2019. ISBN 978-1-319-24358-6.
SOWELL, Thomas. Basic Economics: A Common Sense Guide to the Economy. Fifth edition. New York: Perseus Books Group, 2015. ISBN: 978-0-465-06073-3.