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Institutional Economics

* Exchange students do not have to consider this information when selecting suitable courses for an exchange stay.

Course Unit Code114-0326/02
Number of ECTS Credits Allocated4 ECTS credits
Type of Course Unit *Choice-compulsory type B
Level of Course Unit *Second Cycle
Year of Study *
Semester when the Course Unit is deliveredWinter Semester
Mode of DeliveryFace-to-face
Language of InstructionCzech
Prerequisites and Co-Requisites Course succeeds to compulsory courses of previous semester
Name of Lecturer(s)Personal IDName
PAL32Ing. Irena Paličková, Ph.D.
MEL044doc. Ing. Aleš Melecký, Ph.D.
Summary
This seminar is destined for students with strong interest in deepening their
knowledge in contemporary economic theories. The seminar is focused on
fundamental thesis of institutional and new instutional economics. Attention
will be paid to the main representatives of this stream of economic thought.
The participants are expected to have real willingness to take active part in
tutorials.
Learning Outcomes of the Course Unit
The pedagogical aim of this course is students´ ability
- to define institutions in the context of institucional economics
- to identity and to assess the influence of institutions on economic life of society
- to explain the development of institutions and to distinguish "human action" and "human design" concepts
- to outline the typology of institutions
- to illustrate the impact of formal and informal institutions on economic behaviour of people
- to diagnose "strengths" and "weaknesses" of the institutional framework of the Czech economy
- to discuss the relation between "hard" and "soft" factors of economic development
- to combine knowledge in technocraticly designed subjects to knowledge in more human-oriented subjects (social sciences and humanities).

Course Contents
1st Understanding institutional economics
2nd Institutions in the economy and in economics
3rd Institutional change - development of institutions
4th Institutions and economic development
5th Property rights
6th Contracts and legal framework of the economy
7th The role of the state from the perspective of institutional economics
8th Company in terms of institutional economics
9th Household (family) in terms of institutional economics
10th The influence of cultural and religious factors on economic development
11th The economic approach to politics
12th Institutional change and transformation of the Czech economy
13th Comparison of explicit and implicit approaches to institutions in
economic programs of political movements and parties
Recommended or Required Reading
Required Reading:
Rutherford, M.: Institution in Economics. cambridge: Cambridge University
Press, 1994

MLČOCH, Lubomír. Institucionální ekonomie. Praha: Karolinum, 2005. 189 s. ISBN 80-246-1029-9.
VOIGT, Stefan. Institucionální ekonomie. Praha: Alfa Nakladatelství, 2008. 236 s. ISBN 978-80-87197-13-4.
Recommended Reading:
Magnusson, L. (ed): Evolutionary and Neo-Schumpeterian Approaches to
Economics. Kluver Academic Publishers, 1994
JEŽEK, Tomáš. Zrození ze zkumavky: svědectví o české privatizaci 1990-1997. Praha: Prostor, 2007. 228 s. ISBN 978-80-7260-183-7.
KLUSOŇ, Václav. Instituce a odpovědnost: k filozofii ekonomické vědy. Praha: Karolinum, 2004. 319 s. ISBN 80-246-0722-0.
LIŠKA, V., K. SLUKOVÁ a J. VOLEJNÍKOVÁ. Institucionální ekonomie. Příbram: Professional Publishing, 2011. 236 s. ISBN 978-80-7431-051-5.
MLČOCH, Lubomír. Ekonomie rodiny v proměnách času, institucí a hodnot. Praha: Karolinum, 2014. 194 s. ISBN 978-80-246-2323-8.
Klusoň V.: Instituce a odpovědnost. Praha. Karolinum 2004.
Mlčoch, L.: Institucionální ekonomie. Praha. Karolinum 2005, příp. 1996.
Mlčoch, L., Machonin, P., Sojka, M.: Ekonomické a společenské změny v
české společnosti po roce 1989. Praha. Karolinum 2000.
Planned learning activities and teaching methods
Lectures, Seminars
Assesment methods and criteria
Task TitleTask TypeMaximum Number of Points
(Act. for Subtasks)
Minimum Number of Points for Task Passing
CreditCredit