| Course title | Economics Essentials |
|---|---|
| Course code | KIT/IZEK |
| Organizational form of instruction | Lecture + Tutorial |
| Level of course | Bachelor |
| Year of study | 1 |
| Semester | Winter |
| Number of ECTS credits | 4 |
| Language of instruction | Czech |
| Status of course | Compulsory-optional |
| Form of instruction | Face-to-face |
| Work placements | This is not an internship |
| Recommended optional programme components | None |
| Lecturer(s) |
|---|
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| Course content |
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Historical approaches to macroeconomics. Aims and instruments of macroeconomics. Aggregate supply and demand. Quantification of national economy efficiency. Analysis of consumption, savings and investments. Theory of product determination. Money and banking. Inflation. Unemployment. Economic growth and business cycle. Monetary policy. Fiscal policy, deficits and national debt. International trade and exchange. Exchange rates and international monetary system. Demand, supply, price. Consumer's behaviour in the market of goods and services. Company in perfect competition. Company in the conditions of imperfect competition. Market of general production factors. Labour market. Capital market. Market failure. Distribution of incomes. Stock Market.
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| Learning activities and teaching methods |
| Monologic (reading, lecture, briefing), Dialogic (discussion, interview, brainstorming), Skills training |
| Learning outcomes |
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The aim of the course is to acquaint the students with basic necessary knowledge. Students will understand macroeconomic aims and instruments of the stabilization of economic policy and essentials of microeconomic theory; ie. one branch of economics and teach them to understand the behaviour of individuals (households) and companies in the conditions of perfect and imperfect competition. Students will understand economic principles of the production and consumption.
Student will gain the essential compendium of macroeconomical values in the frame of state´s economy and microeconomical concepts within business. |
| Prerequisites |
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Student should have a good knowledge of essential mathematical operations and graph usage on the level of secondary school graduate.
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| Assessment methods and criteria |
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Oral examination, Written examination
The course is mandatory and completion of the test. Lectures and seminars are held in groups according to schedule and are mandatory for students. Credit student gains on the basis of: 1 / compliance with the required limit participation in exercise (80%) 2 / successful economic news presentation (Power Point) The test has only written form - test questions. The test is considered to be mastered, if the percentage of success min. at 60%. |
| Recommended literature |
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| Study plans that include the course |
| Faculty | Study plan (Version) | Category of Branch/Specialization | Recommended semester | |
|---|---|---|---|---|
| Faculty: Faculty of Electrical Engineering and Informatics | Study plan (Version): Process Control (2016) | Category: Special and interdisciplinary fields | 1 | Recommended year of study:1, Recommended semester: Winter |
| Faculty: Faculty of Electrical Engineering and Informatics | Study plan (Version): Process Control (2013) | Category: Special and interdisciplinary fields | 1 | Recommended year of study:1, Recommended semester: Winter |
| Faculty: Faculty of Electrical Engineering and Informatics | Study plan (Version): Process Control (2014) | Category: Special and interdisciplinary fields | 1 | Recommended year of study:1, Recommended semester: Winter |
| Faculty: Faculty of Electrical Engineering and Informatics | Study plan (Version): Information Technology (2016) | Category: Informatics courses | 1 | Recommended year of study:1, Recommended semester: Winter |
| Faculty: Faculty of Electrical Engineering and Informatics | Study plan (Version): Information Technology (2013) | Category: Informatics courses | 1 | Recommended year of study:1, Recommended semester: Winter |
| Faculty: Faculty of Electrical Engineering and Informatics | Study plan (Version): Process Control (2015) | Category: Special and interdisciplinary fields | 1 | Recommended year of study:1, Recommended semester: Winter |
| Faculty: Faculty of Electrical Engineering and Informatics | Study plan (Version): Information Technology (2015) | Category: Informatics courses | 1 | Recommended year of study:1, Recommended semester: Winter |
| Faculty: Faculty of Electrical Engineering and Informatics | Study plan (Version): Information Technology (2014) | Category: Informatics courses | 1 | Recommended year of study:1, Recommended semester: Winter |