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Terminated in academic year 2014/2015

Principles of Market Economy

Type of study Bachelor
Language of instruction Czech
Code 545-0203/01
Abbreviation ZTE
Course title Principles of Market Economy
Credits 3
Coordinating department Department of Economics and Control Systems
Course coordinator prof. Ing. Jaroslav Dvořáček, CSc.

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

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.

Advised literature

[1]MANSOOR, M. Makroekonomie v praxi. 1. vyd. Praha : Wolters Kluwer ČR, 2010. 195 s. ISBN 978-80-7357-560-1.