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.