Code: AE1B16MME Macro and Microeconomics
Lecturer: Ing. Jan Jandera Ph.D. Weekly load: 2+2s Assessment: Z,ZK
Department: 13116 Credits: 5 Semester: W,S
Description:
Basic economic terms, market, law of demand, law of supply, market equilibrium, price regulation, price and income elasticities, consumer's behavior, producer's behavior, cost, revenue, profit, market failure, monopoly, government macroeconomic policy, gross domestic product, multipliers, money, inflation, banking system, monetary policy, labor market, business cycle, fiscal policy, foreign trade policy, comparative advantage, CR and EU, Euro.
Contents:
1. Economics. Basic terms.
2. Market. Demand and supply.
3. Demand and supply. Elasticities.
4. Consumer's behavior.
5. Producer's behavior. Cost and revenue.
6. Producer's behavior. Profit maximization.
7. Market failure. Monopoly, oligopoly, monopolistic competititon.
8. Principles of macroeconomics. Government economic policy. Theoretical concepts.
9. Gross domestic product - definition and computation.
10. Expenditures on gross domestic product.
11. Money. Inflation. Banking system. Monetary policy.
12. Labor market. Unemployment. Business cycle.
13. Fiscal policy. Government budget. Public debt.
14. Foreign trade policy. CR and European Union. Euro.
Recommended literature:
1.Fialova H., J. Jandera: Economics (handouts)
2. Frank R.H., B.S. Bernanke: Principles of Economics, McGraw-Hill, 3.Ed. 2005
3.Fialová, H., Fiala, J.: The Concise Dictionary of Economic Terms, A plus, Praha 2008
Keywords:
Economics, Microeconomics, Macroeconomics, Demand, Supply, Consumer, Producer, Cost, Benefit, Product, Money, Inflation, Unemployment, International Trade