Macro and Microeconomics

Lecturer:

Tutor:

Supervisor:

Department of Economics, Management and Humanities

Synopsis:

Basic economic terms, market, law of demand, law of supply, market equilibrium, price regulation, price and income elasticities, consumer behavior, producer 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.

Requirements:

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

Syllabus of lectures:

1.Economics. Basic terms.

2.Market. Demand and supply.

3.Consumer behavior.

4.Producer behavior. Cost and revenue.

5.Producer behavior. Profit maximization.

6.Market failure. Monopoly, oligopoly, monopolistic competititon.

7.Principles of macroeconomics. Government economic policy. Theoretical concepts.

8.Gross domestic product - definition and computation.

9.Expenditures on gross domestic product.

10.Money. Inflation. Banking system. Monetary policy.

11.Labor market. Unemployment.

12.Business cycle.

13.Fiscal policy. Government budget. Public debt.

14.Foreign trade policy. CR and European Union. Euro.

Syllabus of tutorials:

1.Importance of economics, Fundamental concepts.

2.Statistical calculations.

3.Demand, supply, market.

4.Elasticity.

5.Consumer.

6.Producer behavior - production.

7. Producer behavior - costs.

8. Producer behavior - revenue and profit in perfect competition

- revenue and profit in monopoly.

9.International trade - absolute and comparative advantages.

10.Main macroeconomic indicators - GDP generating.

11.Main macroeconomic indicators - GDP spending.

12.Main macroeconomic indicators - inflation rate.

13.Main macroeconomic indicators - diamond.

14.Fiscal policy, government budget.

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:

• Manažerská informatika (compulsory course)