Macro and Microeconomics

Garant předmětu:

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'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.

Requirements:

https://ekonom.feld.cvut.cz/cs/student/predmety/makro-a-mikroekonomika

Syllabus of lectures:

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.

Syllabus of tutorials:

1.Basic economic terms, graphs.

2.Demand, supply, market.

3.Elasticity.

4.Consumer's behavior.

5.Producer's behavior - production function.

6.Producer's behavior - cost.

7.Producer's behavior - revenue, profit in perfect competition, monopolistic profit.

8.International trade - absolute and comparative advantage.

9.Gross domestic product - definition.

10.Expenditures on gross domestic product.

11.Inflation, monetary policy of central bank, labour market.

12.Diamond.

13.Fiscal policy.

14.Reserve seminar.

Study Objective:

Study materials:

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

Note:

Further information:

https://ekonom.feld.cvut.cz/cs/student/predmety/makro-a-mikroekonomika

No time-table has been prepared for this course

The course is a part of the following study plans:

• Open Electronic Systems (elective course)
• Open Electronic Systems (elective course)