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Lecturer(s)
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Knězáčková Radka, Ing. Ph.D.
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Volejníková Jolana, doc. Ing. Ph.D.
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Sobotková Lucie, Ing. Ph.D.
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Course content
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Basic terms and economic connections. Market Mechanism Principle. Consumer's behaviour in the market and demand formation. Company´s behaviour and supply formation. Fundamental forms of market structure. Production factor market. Macro economy aggregates. Money market, banking system and monetary policy. Inflation. Labour market. Public finance and fiscal policy. International business and international monetary system. Czech Republic Economy.
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Learning activities and teaching methods
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Monologic (reading, lecture, briefing), Dialogic (discussion, interview, brainstorming), Work with text (with textbook, with book), Methods of individual activities
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Learning outcomes
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The aim of the course is to familiarize students with basic economic reasoning. Student will be familiar with key economic concepts, issues and their relationship so to be able to understand the functioning of the real economy and form their own opinion as to the processes in it.
Students will understand economic principles of the production and consumption.
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Prerequisites
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unspecified
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Assessment methods and criteria
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Written examination, Student performance assessment
To complete the course the students have to pass at least 70 % of attendance and the final test (more than 70% success rate is required). The examination is written. Knowledge of lectured topics is required.
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Recommended literature
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MANKIW, N. G.:. Principles of Economics. Harcourt Brace: College Publishers, 1998.
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PARKIN, M.:. Economics. Boston: Pearson Education Limited, 2005.
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PETERSON, W. L.:. Principles of Economics. Boston: Irwin, 1991.
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