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Principles of Economics

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

Course Unit Code345-0324/03
Number of ECTS Credits Allocated4 ECTS credits
Type of Course Unit *Optional
Level of Course Unit *First Cycle
Year of Study *Second Year
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
NEC45Ing. Libor Nečas, Ph.D.
The subject offers basic orientation in economics. The individual chapters logically follow one another, from the general themes of macroeconomics - indicators and instruments, theoretical flows, through the economy-wide structure to the problems of founding companies, their property and organization, economic activity, cost and income management, cash flow and rehabilitation companies.
The course will provide an overall and basic orientation in the main disciplines of economics. It focuses mainly on general and macroeconomics and the basic concepts of financial systems. Graduates will gain the necessary knowledge to analyze and estimate the impact of economic policy on the business community.
Learning Outcomes of the Course Unit
The goal of subject is to gain orientation in the field and understand the links to related subject matter of follow-up articles. The student demonstrates the degree of fulfillment of the objectives in the final test and fulfillment of tasks for completion of the course.
Course Contents
1. A general overview of economics
2. Macroeconomic indicators
3. Assessment of the balance of macroeconomic indicators
4. Instruments of economic policy
5. Theoretical currents in macroeconomics
6. Company as part of the national economy
7. Around the company
8. Separation of businesses and types of organizations
9. Competition and its protection
10. Business Formation and selection criteria of legal form
11. Association for Business
12. The internal organization of the company
13. The structure of corporate activities
14. Remediation and termination of business
Recommended or Required Reading
Required Reading:
[1] DRANSFIELD, R. – Business economics. London: Routledge, 2014, 486 s.
[1] HOLMAN, R. Ekonomie. Praha : C-H-BECK, 1999. 720 s.
[2] DRANSFIELD, R. – Business economics. London: Routledge, 2014, 486 s.
[3] SAMUELSON, P.A. A KOL. Transformace. Praha : Svoboda, 1991. 750 s.
[4] FRAIT, J. A KOL. Makroekonomie. Ostrava : McProm, 1994
[5] NEČAS, Libor. Základy ekonomiky. Ostrava: Fakulta strojní, VŠB-TU Ostrava, 2012. 107 s.
[6] NEČAS, Libor. Ekonomika a management. Ostrava: Fakulta strojní, VŠB-TU Ostrava, 2012. 100 s.
Recommended Reading:
[1] KORÁB, Vojtěch. Business plan. Vyd. 1. Brno: ComputerPress, c2007, 216 s.
[2] ŽÁK, Milan. Great economic encyclopedia. 2. rozš. vyd. Praha: Linde, 2002, 887 s.
[3] PELC, Vladimír. Encyclopedic dictionary of entrepreneur. Vyd. 1. Praha: Grada, 1995, 332 s.
[1] KORÁB, Vojtěch. Podnikatelský plán. Vyd. 1. Brno: ComputerPress, c2007, 216 s.
[2] ŽÁK, Milan. Velká ekonomická encyklopedie. 2. rozš. vyd. Praha: Linde, 2002, 887 s.
[3] PELC, Vladimír. Encyklopedický slovník podnikatele. Vyd. 1. Praha: Grada, 1995, 332 s.
Planned learning activities and teaching methods
Lectures, Individual consultations, Tutorials, Project work, Other activities
Assesment methods and criteria
Task TitleTask TypeMaximum Number of Points
(Act. for Subtasks)
Minimum Number of Points for Task Passing
Exercises evaluation and ExaminationCredit and Examination100 (100)51
        Exercises evaluationCredit35 (35)18
                ProjectProject20 12
                Written examWritten test10 5
                Other task typeOther task type5 1
        ExaminationExamination65 (65)33
                Written examinationWritten examination35 17
                OralOral examination30 16