Introduction to Economics - JEB998
Title: Úvod do ekonomie
Guaranteed by: Institute of Economic Studies (23-IES)
Faculty: Faculty of Social Sciences
Actual: from 2018
Semester: winter
Points: 5
E-Credits: 5
Examination process: winter s.:written
Hours per week, examination: winter s.:2/0 Ex [hours/week]
Extent per academic year: 12 [weeks]
Capacity: unlimited / unknown (500)
Min. number of students: unlimited
State of the course: taught
Language: Czech
Teaching methods: full-time
Level: basic
Note: enabled for web enrollment
Guarantor: doc. Ing. Tomáš Cahlík, CSc.
Teacher(s): doc. Ing. Tomáš Cahlík, CSc.
Incompatibility : JEB003, JEB004, JEB101, JEB102, JJB998
Interchangeability : JJB998
P//Is pre-requisite for: JSM505
Examination dates   Schedule   Noticeboard   
Files Comments Added by
download Uvod10 - 2019.pdf Lecture 10th Week doc. Ing. Tomáš Cahlík, CSc.
download Uvod11 - 2019.pdf Lecture 11th Week doc. Ing. Tomáš Cahlík, CSc.
download Uvod1-2019.pdf Lecture 1st Week doc. Ing. Tomáš Cahlík, CSc.
download Uvod2-2019.pdf Lecture 2nd Week doc. Ing. Tomáš Cahlík, CSc.
download Uvod3-2019.pdf Lecture 3rd Week doc. Ing. Tomáš Cahlík, CSc.
download Uvod4.2019.pdf Lecture 4th Week doc. Ing. Tomáš Cahlík, CSc.
download Uvod5-2019.pdf Lecture 5th Week doc. Ing. Tomáš Cahlík, CSc.
download Uvod6 - 2019.pdf Lecture 6th Week doc. Ing. Tomáš Cahlík, CSc.
download Uvod7 - 2019.pdf Lecture 7th Week doc. Ing. Tomáš Cahlík, CSc.
download Uvod8 - 2019.pdf Lecture 8th Week doc. Ing. Tomáš Cahlík, CSc.
download Uvod9 - 2019.pdf Lecture 9th Week doc. Ing. Tomáš Cahlík, CSc.
Annotation -
Last update: doc. Ing. Tomáš Cahlík, CSc. (13.09.2018)
This course is a mandatory introduction into one of the social sciences developed at the Faculty of Social Sciences (FSS). It presents economic theory without the use of mathematics and shows links with other social sciences. It illustrates contrasting approaches of three coherent economic schools - Austrian School, mainstream economics and Postkeynesian Economics to economic problems of a small open economy, Czech economy in the European Union being surely one of them.
Aim of the course -
Last update: doc. Ing. Tomáš Cahlík, CSc. (21.06.2018)

Aim of this course is to give to students a basic survey of economics as a specific scientific discipline in the framework of social sciences. At each lecture, students are notified of courses at the Institute of Economic Studies (IES FSS) that further elaborate on presented topics  and that students could take as optional courses in their further studies; especially courses "Ekonomie I" and "Ekonomoie II" - mandatory introductory courses for the IES FSS students that this course is surely not a substitute for and that are standard prerequisities for other courses offered by the IES FSS. 

Literature -
Last update: doc. Ing. Tomáš Cahlík, CSc. (13.09.2018)

At the end of each presentation are information sources recommended for preparing for the final exam. All sources are on web, e.g. selected economic videos from the Khan Academy. Updated powerpoint presentations are published stepwise after each lecture on this web.

For students with a deeper interest in economics, e.g. for students with intention to register in their further studies into the courses "Ekonomie I" and "Ekonomii II" (as optional courses), following textbooks are recommended:

Samuelson P.A., Nordhaus W.D.: Ekonomie, nakl. Svoboda, Praha 2007
Mankiw N.G.: Zásady ekonomie, Grada Publishing, Praha 1999
Holman R.: Ekonomie, C.H.Beck, Praha 1999

For students with the knowledge of English, following web page may be interesting:

Teaching methods -
Last update: doc. Ing. Tomáš Cahlík, CSc. (19.06.2018)


Requirements to the exam -
Last update: doc. Ing. Tomáš Cahlík, CSc. (27.09.2019)

- Final written exam: 4 questions max. 2 points each (i.e. max. 8 points). At the end of each powerpoint presentation is a list of possible questions for final exam. From these about 45 possible questions, 4 questions will be randomly chosen for each exam date. Answers are expected to be about one page of format A4 for each question. Updated powerpoint presentations are published stepwise after each lecture on this web.
- Seminar paper (max. 3 points) - necessary condition for fulfilling this course is to have at least 1 point from the seminar paper.
 Grading scale:  0-5 (F), 6 (E), 7 (D), 8 (C), 9 (B), 10-11 (A).

Seminar paper:

- Team elaboration of an economic Wikientry: (following technicalities are relevant for students only and are in Czech, because this course in in Czech.) Tým může mít od dvou do čtyř členů, počet členů týmu musí odpovídat složitosti a výsledné délce hesla (orientačně na jednoho člena týmu aspoň jedna stránka ve výsledném heslu). Zpracovávané heslo a počet členů týmu podléhá schválení garantem kurzu, zástupce týmu pošle návrh na do 20. 10. 2019. Může se jednat buď o nové heslo nebo o podstatnou úpravu již existujícího hesla. Zpracované heslo musí splňovat požadavky české Wikipedie a musí být na české Wikipedii uveřeněno do neděle 1. 12. 2019. Nesmí se jednat pouze o "torzo hesla", musí se jednat o celistvé zpracování hesla. Zástupce týmu pošle taktéž do neděle 1. 12. 2019 na link na uveřejněné heslo na wikipedii a jména členů týmu. Počet bodů přidělených členům týmu bude sdělen zástupci týmu mailem.

Syllabus -
Last update: doc. Ing. Tomáš Cahlík, CSc. (16.12.2019)

Weekly topics:

1. Economic courses at the IES FSS. System of National Accounts. Basic Classification of Goods and Services. Model of a market. Liberalism and Austrian School.

2. Socialist Economic System. Reforms of the Socialist Economic System. Transformation of the Socialist System to the Capitalist System.

3. Economy in the Long Time Horizon:  Factors of Production. GDP and Production Function. Inflation, Nominal and Real GDP, Unemployment. Institutions and Economic Development. Human Capital, Innovations and Economic Growth.

4. Open Economy:  International Trade - Comparative Advantage, Political Economy of International Trade. International Finance - Balance of Payments, Exchange Rate.

5. European Economic Integration: Proces of EU Deepening. Proces of EU Enlargement. Basic Functioning of the EU. Economic Geography and Regional Policy of the EU.

6. Governmental Sector I: James Buchanan and Constitutional Economics. Public Goods and Externalities. Taxes and Deadweight Loss.

7. Governmental Sector II: Inequality. Ethical Approaches to Solutions of Inequality. John Rawls and Justice.

8. Financial Sector:  Structure and Purpose of the Financial Sector, Financial Instruments. Money and Quantitative Theory of Money. Role of Transaction Costs and Information Assymetry it the Explanation of Phenomena in the Financial Sector. Financial Crisis.

9. Households: Introduction - Three Coherent Economic Schools. Theory of Consumer Choice in Mainstream Microeconomics and in Postkeynesian Microeconomics. Consumption Theory in Macroeconomics. Labor Market in Mainstream Economics and in Postkeynesian Economics.

10. Firms: Production Decisions and Opportunity Costs. Costs (Average, Marginal, Fixed and Variable). Types of Competition. Game Theory and Nash Equilibrium.

11. Macroeconomics and Economic Policy:  Aggregate Demand and Aggregate Supply. Economic Cycles and Stabilization Policy. Inflation. Economic Policy on the Macro-Level.

12. Current Economic Problems and Discussion of Their Solutions.


  • Zadlužení domácností a exekuce.
  • Státní rozpočet: deficit, Maastrichtská kritéria.
  • Přijetí Eura.
  • Global preferences survey - stav neformálních institucí v ČR.
  • Netlogo - Model Library -  Social Science 
  • Konvergence zemí: TED - Hans Rosling talk Asia´s rise - how and when.
  • Neklademe nepřiměřeně velký důraz na HDP a jeho růst?: TED - Michael Green talk Social Progress Index


Entry requirements -
Last update: doc. Ing. Tomáš Cahlík, CSc. (21.06.2018)