Economic Policy of the Czech Republic - JEB066

• Title: Economic Policy of the Czech Republic
• Guaranteed by: Institute of Economic Studies (23-IES)
• Faculty: Faculty of Social Sciences
• Actual: from 2014
• Semester: winter
• E-Credits: 6
• Examination process: winter s.:
• Hours per week, examination: winter s.:2/2, Ex [HT]
• Capacity: unknown / unknown (unknown)
• Min. number of students: unlimited
• 4EU+: no
• Virtual mobility / capacity: no
• State of the course: cancelled
• Language: English
• Teaching methods: full-time
• Teaching methods: full-time
• Note: course can be enrolled in outside the study plan; enabled for web enrollment; priority enrollment if the course is part of the study plan
• Guarantor: Ing. Miroslav Zámečník
• Pre-requisite : JEB102

Annotation

Last update: Ing. Miroslav Zámečník (20.02.2014)

The course provides a descriptive analysis of Czech economic policies since 1993 (i.e. after the break-up of the Czechoslovak federation. We will focus on the subjects and areas as described bellow. After completion of the course, the participants should be able to understand and describe main challenges faced by the Czech authorities and economy at large in the period beginning in 1993 until present.
The lecturer will also provide an introductory "immersion" into the Czech economic development since the establishment of the Czechoslovak independent state in 1918 and the main challenges faced after the WW II, especially after the communist takeover in 1948. Thus, the participants will be able to evaluate the post-1989 developments within proper economic and political contexts. Special attention will be given to the current issues in the Czech policy making, especially those related to the evolution of economic environment, fiscal consolidation and regulatory issues within EU27. For instance, attitudes of the Czech policy makers with respect to membership in Eurozone and adoption of Euro will be discussed.

Course completion requirements

Last update: Ing. Miroslav Zámečník (20.02.2014)

To pass the course students need to successfully complete: 3 consecutive written tests, comprehensive final written test.

Literature

Last update: Ing. Miroslav Zámečník (20.02.2014)

Transformace české ekonomiky. Politické, ekonomické a sociální aspekty. Prague: Linde 2002.

Kadeřábková, A., Spěváček, V., Žák, M. (Eds.): Růst, stabilita a konkurenceschopnost: aktuální problémy české ekonomiky na cestě do EU. Prague: Linde 2003.

Žídek, Libor: Transformace české ekonomiky 1989 -2004. Prague: C. H. Beck 2006.

Hobza, Alexandr: Evropská unie a hospodářské reformy. Chapters 8-9 (pp. 269-319). Prague: C. H. Beck 2009.

Nellis, John: Time to Rethink Privatization in Transition Economies?. Internatinal Finance Corporation Discussion Paper No. 38. Washington, D.C.: World Bank 1999.

Syllabus

Last update: Ing. Miroslav Zámečník (20.02.2014)

1. Czech economic history: An introduction. Dismantling of command economic structures after 1989. Main challenges and milestones.

2. Privatization and capital markets regulation. Discussion of merits and results of Czech voucher scheme.

3. Industrial restructuring and foreign direct investments’ role in changing of Czech economic landscape

4. Monetary policy. Exchange rate policy.

5. Fiscal policy and taxation - tax structure and tax reform.

6. Trade performance, redirection of Czech trade after 1989.

7. Banking crisis and debt resolution in late 90s - applicable lessons from the Czech experience for the current problems in Eurozone.

8. Labor market, social and health insurance system, pension reform and health reform attempts - status quo and remaining open issues.

9. EU accession in 2004 and recent developments.

10. Czech attitudes towards euro and strengthening of economic governance in EU.