Course: Economic Theory of Opportunities

« Back
Course title Economic Theory of Opportunities
Course code KAE/ET
Organizational form of instruction Lecture + Seminar
Level of course Bachelor
Year of study not specified
Semester Winter and summer
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
  • Řezník Jiří, PhDr. Ph.D.
Course content
Wealth within the opportunity theory. The political economy as the science of opportunities structure. Schumpeter?s concept of the cycle and development relationship. Engliš's contribution. Costs and effects of opportunities. Market mechanism and its regional dimensions. Resource mobility and exchanges. Goods and resources. Buchanan?s concept of goods. Utility value model. Markets and Kirzner?s concepts of entrepreneurial alertness and discovery. Efficiency criteria and market relations. Efficiency criteria as decision-making criteria. Market failure. Structural effects and defects. Budget effects and defects. Monetary effects and defects. Economic structures and their interaction. Economic policy instruments. Capital production and structure. Production function and economic structures. Economic relations and the structure of resources. Structure of wealth and production function. Regional Market effectiveness and state competition.

Learning activities and teaching methods
  • Attendace - 25 hours per semester
  • Homework for Teaching - 25 hours per semester
  • Semestral Work - 25 hours per semester
  • Preparation for the Exam - 25 hours per semester
Learning outcomes
The aim of the course is to help students to understand mutual connections of economical actions and sturctures.
Knowledge of the meaning of limited resource mobility in the positive way of opportunity theory
It is recommended to complete the course of the Basics of Economics KAE/UEZU.

Assessment methods and criteria
Seminar Work

The course is concluded with a colloquium. Seminar paper on an agreed topic in the extent of 10-15 standard pages.
Recommended literature
  • Becker G. S. (1976). The Economic Approach to Human Behavior. University of Chicago.
  • Engliš, K. (1946). Národní hospodářství. Orbis Praha.
  • Frank, R. H. (1995). Mikroekonomie a chování. Nakladatelství Svoboda Praha.
  • Kirzner, Israel M. (1998). Jak fungují trhy. MegaPrint Praha.
  • Řezník, J. (1997). Ekonomická analýza příležitostí. Montanex Ostrava.
  • SEN, A. Trhy a svoboda.
  • Toti, G., & Bezděk, J. (1966). Právo na lenost?: (strach ze svobody). Praha: Mladá fronta.

Study plans that include the course
Faculty Study plan (Version) Branch of study Category Recommended year of study Recommended semester
Faculty of Arts French oriented on applied economics (2015) Philological sciences 3 Winter
Faculty of Physical Culture Applied Economic Studies (2011) Economy - -
Faculty of Arts Applied Economic Studies (2015) Economy - -