SubjectsSubjects(version: 970)
Course, academic year 2012/2013
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Introduction to Economics - JEB998
Title: Úvod do ekonomie
Guaranteed by: Institute of Economic Studies (23-IES)
Faculty: Faculty of Social Sciences
Actual: from 2011 to 2012
Semester: winter
E-Credits: 5
Examination process: winter s.:written
Hours per week, examination: winter s.:2/0, Ex [HT]
Extent per academic year: 12 [weeks]
Capacity: unlimited / unknown (unknown)
Min. number of students: unlimited
4EU+: no
Virtual mobility / capacity: no
State of the course: taught
Language: Czech
Teaching methods: full-time
Level: basic
Additional information: http://samba.fsv.cuni.cz/~kameni/Uvod%20do%20EKONOMIE%20JEB998/
Note: course can be enrolled in outside the study plan
enabled for web enrollment
Guarantor: PhDr. Jiří Kameníček, CSc.
Teacher(s): PhDr. Jiří Kameníček, CSc.
Incompatibility : JEB003, JEB004, JEB101, JEB102
Is pre-requisite for: JSM505, JMB009, JMB013, JMB011, JMB029, JMB020, JMB015, JMB018, JMB017
Examination dates   Schedule   Noticeboard   
Annotation -
The Subject is defined as mandatory introduction to one of the social Sciences offered on Faculty of Social Sciences, Charles University in Prague. Subject demonstrates theoretical Economics as a part education in social Sciences. This discipline concerns on a basic level, without using mathematics, to genesis, to evolution and current form of economic theory. The Discipline illustrates diversity of economic Sciences. The Subject shows thru certain practical topics, how to formulate, analyse and to solve the everyday economic activities. It offers explanation the basic categories from point of view of economic Policy, selected topics of Microeconomics, Macroeconomics and international economic activities.
Last update: Kameníček Jiří, PhDr., CSc. (09.09.2013)
Aim of the course -

The main Goal of the Course is to introduce Economics as a Part of Social Sciences. Short sentence of lectures should to equip students to take economic problem as the phenomena of natural World. Students should improve their skills to explain everyday occurrences by using new economic knowledge. The Course offers explanation common economic activities from point of view of participant, from point of view of State economic Policy. The Lectures present selected problems of microeconomics, macroeconomics and international economic Activities.

Last update: Kameníček Jiří, PhDr., CSc. (09.09.2013)
Literature -

Robert H. FRANK, Microeconomics and Behavior, Third Edition, McGraw-Hill, London 1997

All other Information to the Course {Syllabus, Readings and Graphs} is available on address:

http://samba.fsv.cuni.cz/~kameni

Last update: Kameníček Jiří, PhDr., CSc. (09.09.2013)
Teaching methods -

Standard Lectures with exploitation hand-outs available on address:

http://samba.fsv.cuni.cz/~kameni

Last update: Kameníček Jiří, PhDr., CSc. (09.09.2013)
Requirements to the exam -

Successfully write the final TEST.

Last update: Kameníček Jiří, PhDr., CSc. (09.09.2013)
Syllabus -

1. Definition of Market, Demand and Supply. The Market cleaning Price and Quantity. Excess of Demand and Supply. The Reactions of individual economic subjects and their Consequences. Determinants of Demand and Supply. The Reasons why Demand and Supply changes their behaviour. The results of intentional set Prices over and below level, which cleans the Market.

2. Introduction to the Economics of Information. The Costly-to-Fake Principle. The Full-Disclosure Principle. Product Warranties. The Lemons Principle. Conspicuous Consumption and other examples of economic Signalling. Adverse Selection. Definition of Positional Good. The Strategic Preferences. Altruistic and an egoistic behaviour as a base decision making in economic activities. The Prisoner?s Dilemma.

3. Altruistic behaviour, altruistic Preferences. A Parable of Hawks and Doves. Co-operators and Defectors and the Costs of Vigilance. The Cost of Vigilance and an economic development in a post-communistic Countries. Liberty of Action, Economics and Ethics. The Asymmetric Value Function. The Concept of Hedonic Framing.

4. Firm as en economic Subject. Maximising profits as an objective of the Firm. The basic types of market Structures. Perfect competition. Monopoly. Maximising profit and maximising output as the objectives of Monopoly. Monopoly and effectiveness of production. Challenges and difficulties of economic Policy reducing a power of Monopoly.

5. Monopolistic Competition. Paying for Variety. Advertising, traditional and Galbraith?s revised Sequence. Oligopoly. The Price leader and follower. Collusion and its analysis by the Prisoner?s Dilemma. The Role of Advertising and positional Arms Racing. The Dominant Strategy in Advertising. Contestable Markets.

6. Externalities and their reciprocity. Coase theorem and its Applications. Property Rights, the causes Tragedy of the Commons. The sack of Natural Resources. Positional Externalities, examples of Arms Racing. Public Goods. Optimal amount of Public Good. Public Choice and majority voting. Rent seeking. The Reasons of increasing number Positional Goods.

7. The basic macroeconomic Variables. The Goals and instruments of economic Policy of State. Aggregate Demand and Supply. The Macroeconomic Equilibrium in short and long period. Basic Problems and different Interpretations of macroeconomic Equilibrium by the monetarist and Keynesian Schools.

8. Disaggregating individual Parts of GDP. Consumption and Savings, the Factors they affects Consumption and Propensity to Savings. Investments, their basic components. Two main Effects of Investments. The Factors which affects extent of Investments and their Influences on GDP. Government and its Activities in relation to GDP. Foreign Trade as a Part of Production and Consumption of GDP.

9. Economic Cycle, analysis of its periods. Types of Economic Cycles. The Change economic nature of Cycles during 19. and 20. Century. Attempts to regulate an economic Cycle. Causes of malfunctioning anti-cycle Politics in late 90. Political Cycle.

10. Money, evolution form of Money. Functioning and using of Money. Demand for Money, the Motives to keep Money. The main Role of Bank, its basic objective and influence to optimal allocation Actives in Economy. Role of the Central Bank in Economy, its main obligations. Reasoning independence of Central Bank. The Instruments of monetary Politics.

11. Inflation its grades and forms. Inflation Influence to Incomes, to level wealth of Population and to unemployment. Inflation Consequences in short and long run. Inflation expectation, anti-inflation measurements. Well-balanced and non-balanced Budget. Economic Consequences of government Debt. Unemployment as microeconomic problem. Forms of unemployment. Instruments to regulation unemployment.

12. Poverty and effectiveness. Dream on Social State, short history and current forms. Defining and measuring the margin of poverty. Selected problems of social programmes. Developing Countries. Their main economic problems. Political stability. The Analysis of the vicious Circle of Poverty. Analysis the forms of economic Support. The Role of developed Economies. Open Problems economic Poverty.

Last update: Kameníček Jiří, PhDr., CSc. (09.09.2013)
Entry requirements -

Student should be regularly enrolled to study on Faculty of Social Sciences, Charles University in Prague.

Last update: Kameníček Jiří, PhDr., CSc. (09.09.2014)
 
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