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Lecturer(s)
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Fišera Tomáš, Ing.
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Tučková Simona, Ing. Ph.D.
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Vaníček Bernard, Ing. Ph.D.
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Brožková Dominika, Ing.
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Course content
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Basic concepts and context of economics The functioning of the market mechanism Consumer behaviour and demand formation Firm behaviour and supply formation The submarket and its functioning Market failure and its solutions Macroeconomic aggregates Money market, banking and monetary policy Inflation Unemployment Public finance and fiscal policy International trade and the international monetary system
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Learning activities and teaching methods
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Monologic (reading, lecture, briefing), Dialogic (discussion, interview, brainstorming), Skills training, Stimulating activities (simulation, games, drama)
- Participation in classes
- 52 hours per semester
- Preparation for a credit (assessment)
- 16 hours per semester
- Preparation for an exam
- 30 hours per semester
- Home preparation for classes
- 52 hours per semester
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Learning outcomes
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The aim of the course is to familiarize students with the basics of economic reasoning, with key economic concepts, problems and their contexts so that the student is able to understand the functioning of the real economy and form his own opinion on the processes taking place in it. The content of the course is conceived in the context of the interpretation of contemporary standard general economic theory (microeconomics and macroeconomics).
A student who has successfully completed the course can: define the basic concepts and contexts of economics, analyse the laws of the supply and demand model in the process of achieving market equilibrium, characterise the economic behaviour of the consumer and the achievement of the consumer's optimum (equilibrium), define the short-run production function, production variables, the concept of costs, income and profit in economics, differentiate the different forms of sub-markets and explain the principle of forming a firm's equilibrium on the basis of profit maximisation, explain the nature of market failures, their causes and consequences, characterise and analyse the various manifestations of microeconomic market failures, including the ways of solving them define key macroeconomic aggregates, characterise the causes and consequences of macroeconomic failures, distinguish between different forms of state economic stabilisation policy, explain the functioning of the instruments of economic stabilisation policies. A student who has successfully completed the course will be able to: graphically and numerically solve the problem of reaching the production possibilities frontier and market equilibrium and correctly interpret the results, express graphically and mathematically the different categories of consumer utility, graphically and mathematically express the short-run production function, production variables, costs, income and profit, graphically represent and calculate the equilibrium condition of a firm in submarkets under the assumption of profit maximisation, clearly interpret the causes and consequences of market failures, clearly distinguish and interpret different macroeconomic objectives and instruments, graphically and numerically solve for macroeconomic equilibrium and correctly interpret the results, analyse basic macroeconomic aggregates and indicators, graphically express the macroeconomic effectiveness of different stabilisation economic policies, mathematically express basic macroeconomic indicators and correctly interpret the results. A student who has successfully completed the course is able to: incorporate a reflection on the economic and ethical dimensions of problems into problem solving; communicate clearly and persuasively to experts and lay people information about the nature of professional problems and their own views on their solution.
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Prerequisites
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unspecified
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Assessment methods and criteria
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Written examination
Credit is awarded on the basis of achieving 60% of the points out of a possible 100 in the continuous written credit tests for the microeconomics and macroeconomics part, with at least 50% of the points in each part. If the student fails to achieve this score, he/she is entitled to take a make-up test which will include the material from the failed part (microeconomics, macroeconomics or both). The award of credit includes activity in seminars and completion of assignments, numerical examples, work at the blackboard, etc., and students may also be given examples for voluntary homework. Students may earn up to 10 extra points for this activity throughout the semester, which are added to their overall grade.
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Recommended literature
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HOLMAN, R. Ekonomie. Praha: C.H.Beck., 2016. ISBN 9788074002786.
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JUREČKA, V., MACHÁČEK, M. Makroekonomie. Praha: Grada Publishing, 2023. ISBN 978-80-271-3635-3.
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JUREČKA, V. Mikroekonomie. Praha: Grada Publishing, 2018. ISBN 978-80-271-0146-7.
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LIPAVSKÁ, H. Moderní ekonomie. Praha: Grada Publishing, 2017. ISBN 978-80-271-0120-7.
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VOLEJNÍKOVÁ, J. a kol.:. Makroekonomie I - cvičebnice. Pardubice, 2020.
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VOLEJNÍKOVÁ, J. a kol. Mikroekonomie I. Cvičebnice. Pardubice: Univerzita Pardubice, 2023. ISBN 978-80-7560-477-4.
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VOLEJNÍKOVÁ, J. Ekonomie I. pro SII. Pardubice: Univerzita Pardubice, 2014. ISBN 978-80-7395-831-2.
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