Course Details

Economics

Academic Year 2022/23

BVA001 course is part of 4 study plans

BPC-SI Winter Semester 1st year

BPC-MI Winter Semester 1st year

BPA-SI Winter Semester 1st year

BKC-SI Winter Semester 1st year

Introducing into theory of economics. Basic economic terms and relations. Supply and demand, market formation. Financial markets, money market,capital market, international money market. Macroeconomic theory, macroeconomic outputs, macroeconomic equilibrium, economic growth and business cycles. Economic policy, its targets and tools. Market of goods and services, theory of consumer behaviour, theory of firm. Market of production factors.

Course Guarantor

prof. Ing. Jana Korytárová, Ph.D.

Institute

Institute of Structural Economics and Management

Objective

To get fundamentals of microeconomics, macroeconomics and world economics. Student also acquires knowledge about behaviour of economic system, its tools, institutions and regularities.

Knowledge

Knowledge of fundamentals of microeconomics, macroeconomics and world economics.

Syllabus

1. Economics, Characteristic of Market Economy.
2. Basic Market Elements.
3. Macroeconomic Theory, Macroeconomic Outputs, Gross Domestic Product.
4. Macroeconomic Equilibrium, Economic Growth and Business Cycles.
5. Inflation.
6. Financial Markets, Money Market.
7. Financial Markets, Capital Market.
8. Financial Markets, International Money Market.
9. Economic Policy, Goals and Instruments.
10. International Trade, External Commerce and Monetary Policy.
11. Market of Goods and Services, Theory of Consumer Behaviours.
12. Market of Goods and Services, Theory of Firm.
13. Market of Production Factors.

Prerequisites

Knowledge of basic social sciences within the scope of secondary school level.

Language of instruction

Czech, English

Credits

3 credits

Semester

winter

Forms and criteria of assessment

course-unit credit and 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

To offer to students of all faculties

Course on BUT site

https://www.vut.cz/en/students/courses/detail/253567

Lecture

13 weeks, 2 hours/week, elective

Syllabus

1. Economics, Characteristic of Market Economy. 2. Basic Market Elements. 3. Macroeconomic Theory, Macroeconomic Outputs, Gross Domestic Product. 4. Macroeconomic Equilibrium, Economic Growth and Business Cycles. 5. Inflation. 6. Financial Markets, Money Market. 7. Financial Markets, Capital Market. 8. Financial Markets, International Money Market. 9. Economic Policy, Goals and Instruments. 10. International Trade, External Commerce and Monetary Policy. 11. Market of Goods and Services, Theory of Consumer Behaviours. 12. Market of Goods and Services, Theory of Firm. 13. Market of Production Factors.

Exercise

13 weeks, 1 hours/week, compulsory

Syllabus

1.–2. Introduction to Economics, Characteristics of Market Economy.
3.–4. Basic Market Elements.
5.–6. Macroeconomic Outputs.
7.–8. Financial Markets, Money Market.
9.–10. Financial Markets, Capital Market, International Money Market.
11.–12. Market of Goods and Services, Theory of of Consumer Behaviours.
13. Market of Goods and Services. Theory of Firm.