Course: Fundamentals of Economics

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Course title Fundamentals of Economics
Course code KI/KZEK
Organizational form of instruction Seminary
Level of course Bachelor
Year of study 2
Semester Winter and summer
Number of ECTS credits 2
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)
  • Škvor Jiří, RNDr. Ph.D.
Course content
A - Introduction to economics B - Microeconomics 1. market mechanism: supply and demand, market equilibrium 2. consumer behaviour: cardinal and ordinal utility theory 3. firm behavior: cost analysis in the short and long term 4. factors of production: labor market, capital market C - Macroeconomics 1. macroeconomic pentagon: economic growth, price stability, high employment, balanced public budgets, balance of trade 2. performance of the economy and its changes: indicators (gross / net domestic / national product) and methods of measurement, economic cycle 3. money, currency, price stability 4. analysis of (un) employment: classification, characteristics, consequences of unemployment 5. fiscal policy: tools and targets, the state budget (its function, structure, classification), taxes (tax systems, Laffer curve) 6. balance of payments and its structure D - Selected findings of behavioral economics

Learning activities and teaching methods
unspecified
Learning outcomes
In basic economics course for non-economic disciplines, students learn the basic concepts, approaches and paradigms of mainstream economics as well as marginally of behavioral economics with the main objective to know how to apply this knowledge in both professional practice and personal life.

Prerequisites
unspecified

Assessment methods and criteria
unspecified
At least 50 points are needed. It is possible to get - 25 points for active participation in the corresponding Moodle chat - 10 points for the five-minute presentation - 25 points for demonstration of the knowledge of graphs (under examination) - 20 points for demonstration of the knowledge of important concepts and terms (under examination) - 20 points from tests (one of micro- and one of macro-economics) with calculating
Recommended literature
  • Český statistický úřad.
  • Holman, R. Ekonomie. Sbírka řešených otázek a příkladů. Praha: C. H. Beck..
  • HOLMAN, Robert. Ekonomie. 5. vyd.. Praha: C.H.Beck, 2011. ISBN 978-80-7400-006-5.
  • KRAFT, Jiří, Pavla BEDNÁŘOVÁ a Aleš KOCOUREK. Ekonomie I. Technická univerzita v Liberci, 2013. ISBN 978-80-7372-998-1.
  • Povolná, L. Obecná ekonomie. UJEP, Ústí nad Labem, 2013.
  • Simotová, V. Makroekonomie.
  • Simotová, V. Mikroekonomie.
  • Šetek, D. Mikro a makroekonomie pro všechny.


Study plans that include the course
Faculty Study plan (Version) Category of Branch/Specialization Recommended year of study Recommended semester
Faculty: Faculty of Science Study plan (Version): - (A14) Category: Informatics courses 1 Recommended year of study:1, Recommended semester: Winter