Macro and Microekonomics

Course guarantor:

Lubomír Lízal

Lecturer:

Helena Fialová, Lubomír Lízal

Tutor:

Josef Černohous (Diplomovaný technik), Jan Jandera, Blanka Kučerková, Miroslav Vítek

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://moodle.fel.cvut.cz/divize/13116/Katedra_ekonomiky__manazerstvi_a_humanitnich_ved

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://moodle.fel.cvut.cz/courses/B1B16MME

Time-table for winter semester 2024/2025:

	06:00–08:0008:00–10:0010:00–12:0012:00–14:0014:00–16:0016:00–18:0018:00–20:0020:00–22:0022:00–24:00
Mon	roomT2:D3-209 Fialová H. Lízal L. 14:30–16:00 (lecture parallel1) Dejvice
Tue	roomT2:C4-365 Jandera J. 12:45–14:15 (lecture parallel1 parallel nr.101) Dejvice roomT2:C4-365 Jandera J. 14:30–16:00 (lecture parallel1 parallel nr.103) Dejvice roomT2:C4-365 Vítek M. 16:15–17:45 (lecture parallel1 parallel nr.105) Dejvice roomT2:C4-156 Černohous J. 12:45–14:15 (lecture parallel1 parallel nr.107) Dejvice
Wed	roomJP:B5-576 11:00–12:30 (lecture parallel1 parallel nr.108) Jugoslávských partyzánů 3 roomT2:C4-365 Kučerková B. 14:30–16:00 (lecture parallel1 parallel nr.102) Dejvice roomT2:C4-365 Kučerková B. 12:45–14:15 (lecture parallel1 parallel nr.106) Dejvice
Thu	roomT2:C4-365 Černohous J. 14:30–16:00 (lecture parallel1 parallel nr.104) Dejvice
Fri

Time-table for summer semester 2024/2025:

Time-table is not available yet

The course is a part of the following study plans:

• Electrical Engineering, Power Engineering and Management (compulsory course of the branch)
• Electrical Engineering, Power Engineering and Management - Applied Electrical Engineering 2018 (compulsory course of the branch)
• Electrical Engineering, Power Engineering and Management - Electrical Engineering and Management (compulsory course of the branch)