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Terminated in academic year 2023/2024

Theory of Economics

Type of study Doctoral
Language of instruction Czech
Code 634-0935/01
Abbreviation TE
Course title Theory of Economics
Credits 10
Coordinating department Department of Economics and Management in Industry
Course coordinator doc. Ing. Šárka Vilamová, Ph.D.

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.

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

Advised 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