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Poslední úprava: doc. PhDr. Marta Chromá, Ph.D. (23.10.2019)
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Poslední úprava: doc. PhDr. Marta Chromá, Ph.D. (30.10.2019)
Assessment and Course Requirements Score on final written exam will determine 100% of the final grade in this course. Minimum requirement for passing the course is 60% and grades will be assigned according to the following table: 1 Excellent (90 - 100 %) 2 Very good (75-89%) 3 Good (60-74%) 4 Insufficient (0-59%) The final test is based on lectures and readings, (see the syllabus).Understanding of acquired concepts and theories is tested. Questions are inspired byMankiw’s coursebook, "Questions for Review" and "Problems and Applications" (at the end of each chapter). In addition, students are expected to have completed assigned readings before particular session.
General Requirements and School Policies Attendance is required.If students miss more than 40% of the classes for this course, they cannot be registered for the final exam and grade "insufficient" automatically applies.
Excuses: a make-up exam is allowed only if a valid excuse and proper confirmation is submitted to the office explaining why the student could not attend the originally scheduled exam. The following are not acceptable excuses: scheduled flights or trips, scheduled non-emergency doctor appointments, job interviews, etc. |
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Poslední úprava: doc. PhDr. Marta Chromá, Ph.D. (30.10.2019)
ERASMUS
Public Policy: an Economic Perspective
Lecturer: Ing. Helena Chytilova, M.A., Ph.D.
Course Description The course aims to provide students with basic knowledge of economic issues and economic principles. It studies behaviour on the part of consumers and firms, how markets work, market efficiency and market failure, public policy issues such as taxation, trade policy,the problems of unemployment, inflation, and economic growth, and the instruments of monetary and fiscal policy.
Student Learning Outcomes Upon completion of this course, students will be able to: Understand basic economic concepts Understand the role of economics in public and private decision-making Understand effects of economic policies Use this knowledge in everyday business-law dealings to make more effective decisions
Course Schedule MICROECONOMICS I. Homo Oeconomicus and its Behavior principles of economics, consumer choice, market demand producer choice, specialization and comparative advantage supply, demand and market equilibrium II. Government Regulation state price interventions, taxes and subsidies monopoly, regulation, cartels, antitrust law III. Market for Factors of Production labor demand, labor supply, equilibrium wage, minimum wage laws, trade unions and unemployment capital markets and the interest rate, usury laws IV. Market Failures property rights, externalities, transaction costs, Coase theorem, free common resources, free goods, public goods, free rider problem MACROECONOMICS V. Measuring a Nation´s Income Domestic product, price index, aggregate expenditures VI. Economic Growth productivity, physical and human capital VII. Money and Inflation money, money supply and state monopoly over money creation, money demand, inflation, nominal and real interest rate VIII. Open Economy and Trade policy export, import, exchange rate, flows of capital, international trade regulations IX. Business Cycle and Macroeconomic Regulation aggregate demand and aggregate supply model, monetary policy, fiscal policy, Phillips curve, short run and long run
Selected Readings: Mankiw, G. N., Principles of Economics, 2004, Mason: Thomson, course book, (a different edition may also be used) Becker, G., Nobel lecture, The Economic Way of Looking at Behavior, Journal of Political Economy, Vol. 101, No. 3, Jun., 1993, pp. 385-409, (Section I.). Smith, A. an Inquiry into the Nature and Causes of the Wealth of Nations, Chapter 1 (pp.10-17), an Electronic Classics Series Publication, Jim Manis, Editor, PSU-Hazleton, Hazleton, PA 18202, Pennsylvania University, 2005, (Section I.) Coase, R.H., The problem of Social Cost, Journal of Law and Economics, Vol. 3, Oct., 1960, pp. 1-44, (Section IV.) Acemoglu, D., Robinson, J., The Making of Prosperity and Poverty, Chapter 3, in book: The Origins of Power, Prosperity and Poverty, Why Nations Fail? Crown Business; Reprint edition, Sep. 17, 2013, ISBN-13: 978-0307719225, (Section VI.). Friedman, M., Friedman, R., The Anatomy of Crisis, The Journal of Portfolio Management Fall 1979, Vol. 6, No. 1: pp. 15-21, (Section IX.).
Assessment and Course Requirements Score on final written exam will determine 100% of the final grade in this course. Minimum requirement for passing the course is 60% and grades will be assigned according to the following table: 1 Excellent (90 - 100 %) 2 Very good (75-89%) 3 Good (60-74%) 4 Insufficient (0-59%) The final test is based on lectures and readings, (see the syllabus).Understanding of acquired concepts and theories is tested. Questions are inspired byMankiw’s coursebook, "Questions for Review" and "Problems and Applications" (at the end of each chapter). In addition, students are expected to have completed assigned readings before particular session. |