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Principles of Economics II - JEB102
Anglický název: Principles of Economics II
Zajišťuje: Institut ekonomických studií (23-IES)
Fakulta: Fakulta sociálních věd
Platnost: od 2018
Semestr: letní
Body: 6
E-Kredity: 6
Způsob provedení zkoušky: letní s.:
Rozsah, examinace: letní s.:2/2 Zk [hodiny/týden]
Počet míst: 172 / 171 (172)
Minimální obsazenost: neomezen
Stav předmětu: vyučován
Jazyk výuky: angličtina
Způsob výuky: prezenční
Další informace: http://ies.fsv.cuni.cz/en/syllab/JEB102
Poznámka: předmět je možno zapsat mimo plán
povolen pro zápis po webu
při zápisu přednost, je-li ve stud. plánu
Garant: doc. Petr Janský, M.Sc., Ph.D.
Vyučující: Shahriyar Aliyev
Mgr. Milan Frydrych
Sarah Godar, M.A.
doc. Petr Janský, M.Sc., Ph.D.
Mgr. Michal Král
Mgr. Jan Mareš
Prerekvizity : {Skupinu prerekvizit lze splnit buď předmětem JEB101 nebo JEM163}
Neslučitelnost : JEB004
Záměnnost : JEB004
Je neslučitelnost pro: JEB004, JEB998
Je prerekvizitou pro: JEB114
Je záměnnost pro: JEB004
Soubory Komentář Kdo přidal
stáhnout PoEII_Sem7_open_economy_SA.pdf Seminar 7 - Open Economy - Presentation Shahriyar Aliyev
stáhnout Seminar -8-Handout-Questions.docx Questions for Seminar 6-7-8 Shahriyar Aliyev
stáhnout 190109_Syllabus_Principles_of_Economics_II_JEB102.pdf Syllabus - Principles of Economics II doc. Petr Janský, M.Sc., Ph.D.
Sylabus -
Poslední úprava: doc. Petr Janský, M.Sc., Ph.D. (20.02.2019)

Principles of Economics II

Summer Semester 2019, JEB102

Charles University, Faculty of Social Sciences

This course introduces economic thinking and basic principles of macroeconomics for economics students as well as for non-economists.

Principles of Economics II is an introductory economics course with lectures and seminars for students of: Bachelor in Economics and Finance (mandatory course), Bachelor of Science in Economics (mandatory course, an alternative is Ekonomie II), International Economic and Political Studies and students of any other degree at Charles University with an interest in economics or economic policy. Please sign up for the course and select one of the seminars in the Student Information System.

The course begins with the first lecture on Wednesday, 20th February at 2 pm in room no. 109, while the first seminars are taking place during the afternoon on Wednesday, 20th February (the fourth seminar on Tuesday takes place from the second week of the semester and has the same teaching as the first three seminars on Wednesday of the previous week). The location of all lecture and seminar rooms is at the Institute of Economic Studies at Opletalova 26, Praha.

Lectures and seminars










Petr Janský (email, web),

Jan Mareš (email ,web).














Milan Frydrych (email, web),

Sarah Godar (email, web),

Michal Král (email, web),

Shahriyar Aliyev (email, web).

At lectures, students learn about the principles of macroeconomics in a way that prepares them for further study of economics as well as their future professional careers. In addition to the lecturers, Petr Janský and Jan Mareš, guest lecturers are invited to contribute to the lectures and thus enrich the course.

In each week, the three seminars after the lecture are taught by one of the seminar tutors (the seminar before the lecture will be in the form of individual consultations). Michal Král is coordinating the seminars and is responsible for final exams, with which other instructors help out. Sarah Godar is responsible for Aplia. Please do not hesitate to contact them in case you have questions related to these issues.

Requirements and assessment

Students attend lectures and seminars, which are organised for their benefit. Students are encouraged to provide feedback during the semester so that teaching in ongoing seminars and lectures can be improved. Experience shows that there is a strong positive correlation between attendance at lectures and seminars and good results in exams.

Students can choose between two main alternatives for final examination. Students can decide either to sit in for an exam at the end of the semester (100 % of the grade) or to combine the exam (70 %) with assignments mainly in an online Aplia system during the semester (30 %). The exam is a test that includes various questions such as problem sets and multiple choices (for which students can prepare at seminars). Aplia assignments are submitted on a weekly basis (more on Aplia and how to purchase it is at the end of the syllabus for the Principles of Economics I course). In case Aplia would worsen the grade, only the exam’s result is taken into account. For both Aplia and the exam, the grading follows this simple rule: the total number of points received is divided by the maximum number of points that could have been received. To pass the course, students are required to score at least 50 % from the exam.

Additionally, it is possible for the instructors to award extra points for extraordinary activity of students during seminars (a maximum of 0.5 percentage point per session and 5 percentage points during the whole course) that count as percentage points towards the grade in addition to those outlined above. Furthermore, if students agree with the seminar tutor, they can prepare a presentation for up to 5 extra points.

The grading follows these rules. Students’ total points obtained correspond to the grades A-F according to the following intervals: A: [100-90); B: [90-80); C: [80-70); D: [70-60); E: [60-50); F (Fail): 50 and less.


The course follows the material that is present in almost identical form in either of the following two textbooks: Mankiw, N.G., Taylor, M.P.: Economics (the chapter numbers in the weekly schedule below relate to this textbook’s 3rd version) or Mankiw, N.G..: Principles of Economics. In addition to attending lectures and seminars, students are encouraged to read one of these textbooks. There are a number of copies of these textbooks available in the IES library (and some in the CERGE-EI library). The supporting web pages of this course include the webpage of the Principles textbook, which has useful student hand-outs and other student resources. Also, there is a Czech-English dictionary specifically designed for you by one graduate of the Principles course, Michal Spišiak. It includes a translation of every key word from the Principles textbook and you can access it at http://dictionary.fsv.cuni.cz.

Please note that a number of other introductory economics texts provide almost equivalent service to the student as the above listed textbooks. Especially, please consider visiting the webpage of CORE with an excellent free online textbook.

Weekly schedule


Day (2019)



Principles / Economics chapters


20th February

Petr Janský

Measuring a Nation’s Income

23 / 20


27th February

Petr Janský

Measuring the Cost of Living

24 / 21


6th March

Petr Janský

Production and Growth

25 / 22


13th March

Petr Janský

Unemployment and Its Natural Rate

28 / 23


20th March

Petr Janský

Saving, Investment and the Financial System and the Basic Tools of Finance

26 + 27 / 24 + 25


27th March

Jan Mareš

The Monetary System; Money Growth and Inflation

29 + 30 / 26 + 27


3rd April

Jan Mareš

Open-Economy Macroeconomics: Basic Concepts; A Macroeconomic Theory of the Open Economy

31 + 32 / 28 + 29


10th April

Jan Mareš

Keynes and IS-LM Analysis, Aggregate Demand and Aggregate Supply

33 + 34 / 31 + 32


17th April

Jan Mareš

The Influence of Monetary and Fiscal Policy; The Short Run Trade-off between Inflation and Unemployment

35 + 36 / 33 + 34


24th April

Jan Mareš

Common Currency Areas and European Monetary Union; Business Cycles

38 / 37 + 30


1st May


No teaching this week - 1st May is Labour Day and public holiday in the Czech Republic.



8th May


No teaching this week - 8th May is Liberation Day and public holiday in the Czech Republic.



14th May

Petr Janský

The Financial Crisis

37 / 36


Univerzita Karlova | Informační systém UK