SA_ETE Economic theories

Institute of Technology and Business in České Budějovice
winter 2019
Extent and Intensity
4/0/0. 6 credit(s). Type of Completion: zk (examination).
Teacher(s)
Ing. Romana Kušnirová, DiS., PhD. (seminar tutor)
doc. Ing. Eva Ružinská, PhD., MBA (seminar tutor)
Guaranteed by
doc. Ing. Eva Ružinská, PhD., MBA
Department of Human Resource Management – Faculty of Corporate Strategy – Rector – Institute of Technology and Business in České Budějovice
Timetable of Seminar Groups
SA_ETE/S01: No timetable has been entered into IS. R. Kušnirová, E. Ružinská
Prerequisites
OBOR ( CAP )
No basic knowledge or skills required for the subject.
Course Enrolment Limitations
The course is offered to students of any study field.
Course objectives supported by learning outcomes
The subject of Economic Theory focuses on the main theoretical concepts of microeconomics and macroeconomics. In the field of microeconomics it is an analysis of problems related to the rational behavior of the microeconomic subject in a market environment, in the field of macroeconomics it is an analysis of basic macroeconomic variables. Students will acquire knowledge of basic economic concepts and contexts, which are necessary for the work of the manager and the economist. It is a   basic understanding concepts, principles and rules of economics - macroeconomics and microeconomics: - based on the cross-section of economic history, it is able to define basic problems microeconomics and macroeconomics as a theoretical science discipline - can describe the basics of the history of economic thinking - can explain the behavior of consumers and companies in all markets - can define basic economic categories - is able to derive supply, demand, prices, and so on. - Can properly connect the acquired theoretical knowledge with real practice and to actively use them in other economics disciplines - can apply macroeconomic variables and tools to examples of the current state of economic policy.
Learning outcomes
Graduate of economic theory will acquire basic economic terminology, orientation in the theoretical approaches, which are the basis for other economic disciplines, possibilities to synthesize theoretical knowledge with economic reality. The student understands the differences in the calculation of the GDP value, determines the value of money in time in relation to inflation, understands the monetary and fiscal policy, understands the difference between general and registered unemployment rate, evaluates the behavior of the firm in the environment in perfect and imperfect competition, knows how to calculate the elasticity of offer and enquiry.
Syllabus
  • 1. A brief introduction to the history of economic thought. Basic economic terms; market formation; division of labour. 2. Basic elements of the market: supply, demand, market equilibrium, competition. Consumer behaviour and formation of demand on the product and service market. 3. Firm behaviour and the supply formation. Elasticity of demand and supply. 4. The production function and izoquant analysis. 5. Firm in conditions of perfect competition. Imperfect competition and behaviour of imperfect competition. Profit and alternative goals of a firm. 6. The market of production factors. Formation of market prices of production factors. Land market. Labor market. Capital market. 7. Distribution of income and wealth. General equilibrium. 8. Microeconomic policy of the state, market failure. Macroeconomic role of the state, protectionism and integration. 9. Measurement of economic performance, product, income. Aggregate supply and demand and its components. Models of macroeconomic equilibrium and its disorders. 10. Economic growth and economic cycles. Inflation and price indexes. Unemployment and labour market. 11. Monetary aggregates, money market equilibrium, the international money market. 12. State economic policy, its objectives and effectiveness. Monetary policy. Fiscal policy, income policy. 13. External economic balance, the balance of payments.
Literature
    required literature
  • HOLMAN, Robert. Ekonomie. 6. vydání. V Praze: C.H. Beck, 2016. Beckovy ekonomické učebnice. ISBN 978-80-7400-278-6.
  • JUREČKA, Václav. Mikroekonomie. 2., aktualiz. vyd. Praha: Grada, 2013. Expert (Grada). ISBN 978-80-247-4385-1.
  • HAŠKOVÁ, Simona a Pavla BRŮŽKOVÁ. Ekonomická teorie: studijní opora pro kombinované studium bakalářský studijní program. 1. vyd. České Budějovice: Vysoká škola technická a ekonomická v Českých Budějovicích, 2015. 144 s.
  • JUREČKA, Václav. Makroekonomie. 2., aktualiz. vyd. Praha: Grada, 2013. Expert (Grada). ISBN 978-80-247-4386-8.
    recommended literature
  • KRUGMAN, Paul R. a Robin WELLS. Microeconomics. Worth Publishers, 2008. ISBN 978-0716771593
  • BURDA, Michael a Charles WYPLOSZ. Macroeconomics: A EuropeanTexT. Oxford University Press; 5 edition, 2009. ISBN 978-0-19-923682-4.
  • HAŠKOVÁ, Simona, Lukáš KUČERA a Václav TRACHTA. Mikroekonomie: studijní skripta. 1. vyd. České Budějovice: Vysoká škola technická a ekonomická v Českých Budějovicích, 2014, 1 CD-ROM. ISBN 978-80-7468-065-6
  • SIRŮČEK, Pavel, Marta NEČADOVÁ a Libuše MACÁKOVÁ. Mikroekonomická teorie I: cvičebnice. 2. aktualiz. vyd. Slaný: Melandrium, 2003, 303 s. ISBN 8086175375.
  • PAVELKA, Tomáš. Makroekonomie: základní kurz. Vyd. 3. Slaný: Melandrium, 2007, 278 s. ISBN 978-80-86175-58-4.
  • MACÁKOVÁ, Libuše. Mikroekonomie: základní kurs. 11. vyd. Slaný: Melandrium, 2010, 275 s. ISBN 978-80-86175-70-6.
Forms of Teaching
Lecture
Consultation
Teaching Methods
Frontal Teaching
Group Teaching - Cooperation
Critical Thinking
Teaching Supported by Multimedia Technologies
Student Workload
ActivitiesNumber of Hours of Study Workload
Daily StudyCombined Study
Preparation for Lectures52 
Preparation for the Final Test52 
Attendance on Lectures52 
Total:1560
Assessment Methods and Assesment Rate
Test – final 100 %
Exam conditions
Successful graduates of the course have to get totally at least 70 points: A 100 – 90, B 89,99 – 84, C 83,99 – 77, D 76,99 – 73, E 72,99 – 70, FX 69,99 – 30, F 29,99 - 0.
Language of instruction
Czech
The course is also listed under the following terms winter 2018.
  • Enrolment Statistics (recent)
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