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Terminated in academic year 2016/2017

Principles of Market Economy

Type of study Bachelor
Language of instruction Czech
Code 545-0203/05
Abbreviation ZTE
Course title Principles of Market Economy
Credits 5
Coordinating department Department of Economics and Control Systems
Course coordinator prof. Ing. Jaroslav Dvořáček, CSc.

Subject syllabus

Outline of lectures:
1) Establishment and development of economic theory.
2) Basic economic concepts.
3) Market mechanism and its categories.
4) Economic entity. Market competition.
5) Supply, demand, equilibrium price.
6) Market failure. Economic functions of the state.
7) The Labour Market.
8) Inflation and unemployment.
9) Land Market.
10) Capital market, money market.
11) Basic macroeconomic aggregates.
12) Economic growth. Economic cycle.
13) Economic crisis.
14) The economic policy of the state.

Outline of exercises:
1) The law of scarcity. Production possibilities frontier. The law of diminishing returns.
2) The elasticity of supply, demand elasticity.
3) Antitrust law, discussions about current violations of competition.
4) Unemployment and the Lorenz curve.
5) External trade and monetary policy, exchange rates.
6) Credits.

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.