Course: Economics 1

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Course title Economics 1
Course code KMA/E1
Organizational form of instruction Lecture + Exercise
Level of course Bachelor
Year of study not specified
Semester Winter
Number of ECTS credits 5
Language of instruction Czech
Status of course Compulsory, Compulsory-optional, Optional
Form of instruction Face-to-face
Work placements This is not an internship
Recommended optional programme components None
  • Dostálová Petra, Ing.
  • Navrátil Boris, Ing. CSc.
  • Pavlačka Ondřej, RNDr. Ph.D.
Course content
1. Fundamentals of macroeconomics. 2. Macroeconomic cycle and macroeconomic analysis. 3. Measurements of macroeconomic outputs. 4. Aggregate demand and supply, analysis of AS and AD curves. 5. Economic growth - its analysis, models of economic growth, growth accounting. 6. Economic cycle, analysis of multiplication and accelerative effects in economy. 7. Macroeconomic equilibrium - Keynes model of income determination, IS-LM model, AS-AD model. 8. Macroeconomic imbalance - inflation and unemployment. 9. Function of government in economy - internalization of externalities, economic policy, its aims and efficiency. 10. Money - demand, supply, equilibrium at financial market, money multiplier. Monetary policy. 11. Fiscal policy and incomes policy. 12. International economics, balance of payments. 13. Economic integration and supranational economic policy.

Learning activities and teaching methods
  • Attendace - 39 hours per semester
  • Preparation for the Course Credit - 20 hours per semester
  • Preparation for the Exam - 70 hours per semester
  • Homework for Teaching - 20 hours per semester
Learning outcomes
Gain fundamental knowledge of macroeconomics.
Knowledge Gain fundamental knowledge of macroeconomics.

Assessment methods and criteria
Mark, Oral exam, Student performance

Credit: passing a written test. Exam: oral.
Recommended literature
  • B. R. Shiller. (2004). Makroekonomie dnes.. Brno, Computer Press.
  • Ch. Kliková, I. Kotlán. (2006). Hospodářská politika. Ostrava, Sokrates.
  • I. Kotlán. (1999). Hospodářská politika v praxi. Sokrates.
  • M. Helísek. (2000). Makroekonomie. Základní kurs.. Slaný, Melandrium.
  • M. PARKIN. (2005). Economics. 6th European ed.(with Melanie Powel and Kent Mattheus). Pearson Education United Kingdom.
  • N. G. Mankiw. (1999). Zásady ekonomie.. Praha, Grada.
  • P. SAMUELSON, W. NORDHAUS. (1992). Economics. McGraw-Hill.
  • S. Hronová. Praktikum z národního účetnictví. VŠE Praha.
  • V. Jurečka, I. Jánošíková a kol. (2004). Makroekonomie. Základní kurs.. Ostrava, VŠB-TUO.
  • V. Jurečka. (2005). Úvod do ekonomie (učební text pro studenty neekonomických oborů). EKF VŠB-TU Ostrava.

Study plans that include the course
Faculty Study plan (Version) Branch of study Category Recommended year of study Recommended semester
Faculty of Science Applications of Mathematics in Economy (2015) Mathematics courses 1 Winter
Faculty of Science Mathematics-Economics of Banking / Insurance Systems (1) Mathematics courses 1 Winter