Economics

The course is a substitute for:

Ecology and Economy (D16EKO)

Lecturer:

Tutor:

Supervisor:

Department of Economics, Management and Humanities

Synopsis:

Principles of economics, market, law of demand and supply, market

equilibrium, price elasticity, consumer behaviour, production cost, revenue,

profit, market failure, expenditure on gross domestic product, multipliers,

money, inflation, banks, monetary policy, labour market, unemployment,

economic growth, business cycle, fiscal policy, national debt, foreign trade

policy.

Requirements:

https://ekonom.feld.cvut.cz/web/index.php?option=com_content&task=section&id=7&Itemid=236

Syllabus of lectures:

1. What is economics. Basic terms.

2. Market. Demand and supply.

3. Consumer behaviour.

4. Producer behaviour. Cost.

5. Revenue. Profit.

6. Market failure. Monopolies.

7. Principles of macroeconomics. Basic economic theories.

8. Gross domestic product - definition and structure.

9. Expenditures on gross domestic product.

10. Money. Banks. Inflation.

Syllabus of tutorials:

Study Objective:

Study materials:

1.Fialova H., Jandera J., ECONOMICS (handouts)

2. Frank R.H., Bernanke B.S:, PRINCIPLES OF ECONOMICS, McGraw-Hill, 3.Ed.

2005

3. Fialová H., Fiala J., MALÝ EKONOMICKÝ SLOVNÍK s výkladem v češtině a v

angličtině, A plus, Praha 2006

Note:

Further information:

No time-table has been prepared for this course

The course is a part of the following study plans:

• Common plan- structured studies (compulsory course)
• Computer Technology- structured studies (compulsory course)
• Electronics and Communication Technology - structured studies (compulsory course, compulsory elective course)
• Cybernetics and Measurements- structured studies (compulsory course)
• Heavy-current Engineering- structured studies (compulsory course)