Course Details

Price theory

Academic Year 2023/24

DVB067 course is part of 4 study plans

​ DPC-M Summer Semester 1st year

​ DPA-M Summer Semester 1st year

​ DKC-M Summer Semester 1st year

​ DKA-M Summer Semester 1st year

General price theories as part of economical theory. Benefit theory. Demand theory. Value theory. Value and price. Productional function and costs. Cost curves. Cost analysis. Theory of price in differet competitional settings. Pricing policy in company. State pricing policy. Market protection. Price regulation. Price and total balance of economical system. Inflation. Cost analysis of inflation. Price indexes. Price manner in time. Price parity. Price of currency. Currency rates.

Course Guarantor

doc. Ing. Alena Tichá, Ph.D.

Institute

Institute of Structural Economics and Management

Objective

To emphasize position of prizes in the whole economical course of evets in consecutiveness to macro and microeconomical problematics. Price as carrier of decision activity.

Knowledge

Knowledge of bases of economic price theory. Ability to focus on pricing policies.

Syllabus

1. Position of price and price levels in macroeconomics.
2. Price and its function in microeconomic problematics.
3. Theory of value and price.
4. Theory of benefit and use of price.
5. Costs and creation of price.
6. Cost curves, cost analysis.
7. Costs and price in accordace with branch economics.
8. Price policy of state.
9. Price policy of company.
10. Market protection, touched legislation.
11. Price regulation and its usability.
12. Manner of prizes in time, currency rates.
13. Price parity and its usability in EU.

Prerequisites

Macro and microeconomical problematics of appraisement of estate in general, companies’ manner at market, consumers’ possibilities of choice, model manner of market and price principles for subjects.

Language of instruction

Czech

Credits

8 credits

Semester

summer

Forms and criteria of assessment

examination

Specification of controlled instruction, the form of instruction, and the form of compensation of the absences

Extent and forms are specified by guarantor’s regulation updated for every academic year.

Offered to foreign students

Not to offer

Course on BUT site

https://www.vut.cz/en/students/courses/detail/271763

Lecture

13 weeks, 3 hours/week, elective

Syllabus

1. Position of price and price levels in macroeconomics.

2. Price and its function in microeconomic problematics.

3. Theory of value and price.

4. Theory of benefit and use of price.

5. Costs and creation of price.

6. Cost curves, cost analysis.

7. Costs and price in accordace with branch economics.

8. Price policy of state.

9. Price policy of company.

10. Market protection, touched legislation.

11. Price regulation and its usability.

12. Manner of prizes in time, currency rates.

13. Price parity and its usability in EU.