Course: Fundamentals of Economics in English

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Course title Fundamentals of Economics in English
Course code KEM/AEK
Organizational form of instruction Lecture + Tutorial
Level of course Bachelor
Year of study not specified
Semester Winter and summer
Number of ECTS credits 6
Language of instruction English
Status of course unspecified
Form of instruction Face-to-face
Work placements This is not an internship
Recommended optional programme components None
Lecturer(s)
  • Svoboda Milan, Ing. Mgr. Ph.D.
Course content
Introduction to economics, the object of general economics theory, basic economic relationships, market Behaviour of a consumer and formation of demand Behaviour of a company, production analysis, analysis of costs, formation of supply curve A company in perfect and imperfect competition Formation of prices in the market of production factors, land market, labour market and capital market Market in sufficiency, microeconomic politics of a state Domestic product, economic cycle, economic growth Money and banking system Inflation, unemployment Specialization and exchange, international trade, exchange rate, trade and balance of payments Economic policy objectives, fiscal and monetary policy

Learning activities and teaching methods
  • Preparation for comprehensive test (10-40) - 24 hours per semester
  • Preparation for an examination (30-60) - 60 hours per semester
  • Contact hours - 52 hours per semester
  • Preparation for formative assessments (2-20) - 20 hours per semester
prerequisite
Knowledge
N/A
Skills
N/A
Competences
N/A
learning outcomes
Knowledge
explain the general economics theories
classify general microeconomics approaches according to their initial assumptions
classify general macroeconomics approaches according to their initial assumptions
Skills
apply theoretical knowledge to model economic situation
estimate the reactions of economic system to the change of the input parameter of the model
Competences
N/A
teaching methods
Knowledge
Interactive lecture
Multimedia supported teaching
Practicum
Self-study of literature
One-to-One tutorial
Skills
Practicum
Competences
Interactive lecture
Self-study of literature
Practicum
assessment methods
Knowledge
Oral exam
Test
Written exam
Skills demonstration during practicum
Skills
Oral exam
Test
Competences
Oral exam
Test
Recommended literature
  • Mankiw, N. Gregory. Principles of economics. 2nd ed. Fort Worth : Harcourt College Publishers, 2001. ISBN 0-03-025951-7.
  • Samuelson, Paul Anthony; Nordhaus, William D. Economics. 14th ed. New York : McGraw-Hill, 1992. ISBN 0-07-054879-X.


Study plans that include the course
Faculty Study plan (Version) Category of Branch/Specialization Recommended year of study Recommended semester