SubjectsSubjects(version: 945)
Course, academic year 2023/2024
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Introduction to Economics - LPED49A
Title: Úvod do ekonomie
Guaranteed by: HTF - Katedra učitelství (28-08)
Faculty: Hussite Theological Faculty
Actual: from 2021
Semester: summer
E-Credits: 4
Examination process: summer s.:
Hours per week, examination: summer s.:1/1, Ex [HT]
Extent per academic year: 26 [hours]
Capacity: unknown / unknown (unknown)
Min. number of students: unlimited
4EU+: no
Virtual mobility / capacity: no
Key competences:  
State of the course: taught
Language: Czech
Level:  
Is provided by: L0276
Additional information: http://Úvod do ekonomie - LPED49A
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: PhDr. Jiří Kameníček, CSc.
Is interchangeable with: LPED49
Annotation -
Last update: PhDr. Jiří Kameníček, CSc. (27.01.2020)
The Subject is defined as introduction to one of the social Sciences offered on Theologic Faculty of Jan Hus, 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 short 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 solve the everyday economic activities. Series of twenty lectures offers explanation the basic categories from point of view of economic Policy, selected topics of Microeconomics, Macroeconomics and international economic activities with special attention to ethic aspects of individual and collective behaviour.
Syllabus -
Last update: PhDr. Jiří Kameníček, CSc. (27.01.2020)

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.

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.

Aim of the course -
Last update: PhDr. Jiří Kameníček, CSc. (27.01.2020)

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 the economic problems as the phenomena of natural World. Students should improve their skills to explain everyday occurrences by using new economic knowledge. The Course offers explanation of common economic activities from point of view of participant and from point of view of State economic Policy. Serie of Lectures presents selected problems of microeconomics, macroeconomics and international economic Activities.

Course completion requirements - Czech
Last update: PhDr. Jiří Kameníček, CSc. (23.01.2022)

Očekává se, že student se na přednáškách a z publikovaných podkladů důkladně seznámí s problematikou, pochopí její obsah a dokáže osvojenou látku vyložit. Student u zkoušky odpoví na dvojici vylosovaných otázek. Ty jsou kombinovány tak, aby zahrnuly učivo z mikroekonomie i z makroekonomie.

Každý student má dvacet minut (na požádání i více) na to, aby si připravil vlastní písemný podklad pro své odpovědi.

V zadání jsou uvedeny názvy všech dílčích pasáží, které byly na přednáškách a v podkladech prezentovány. Student proto nemusí váhat, zda tato či jiná látka do otázky patří, či nikoli. O to více se může soustředit na zevrubnou a vyčerpávající odpověď.

Literature -
Last update: PhDr. Jiří Kameníček, CSc. (27.01.2020)

Robert H. FRANK, Microeconomics and Behavior. 6th ed. New York: McGraw-Hill 2005

THALER, Richard. H., Misbehaving, The Making of Behavioral Economics, Penguin UK, 2016

Richard H. Thaler, Nudge, Improving Decisions About Health, Wealth and Happiness, Yale University Press, 2008

Teaching methods -
Last update: PhDr. Jiří Kameníček, CSc. (27.01.2020)

Standard Lectures with exploitation hand-outs available for students one week before.

Entry requirements -
Last update: PhDr. Jiří Kameníček, CSc. (27.01.2020)

Student should be regularly enrolled to study on Theological Faculty of Jan Hus, Charles University in Prague. In other words, Student must be reached in database of SIS for the Subject.

 
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