VSFS:B_EK_2 Economics 2 - Course Information
B_EK_2 Economics 2
University of Finance and AdministrationSummer 2025
- Extent and Intensity
- 2/2/0. 6 credit(s). Type of Completion: zk (examination).
- Teacher(s)
- Ing. Tomáš Kremr, Ph.D., LL.M. (seminar tutor)
Ing. Hana Lipovská, Ph.D. (seminar tutor)
Ing. Mgr. Jaromír Tichý, Ph.D., MBA (seminar tutor)
doc. Radim Valenčík, CSc. (seminar tutor) - Guaranteed by
- Ing. Petr Mach, Ph.D.
Department of Economics and Management – Departments – University of Finance and Administration
Contact Person: Bc. Kateřina Konupková - Timetable of Seminar Groups
- B_EK_2/cEKKV: each odd Thursday 10:30–11:14 KV310, each odd Thursday 11:15–12:00 KV310, each odd Thursday 12:15–12:59 KV310, each odd Thursday 13:00–13:45 KV310, except Thu 27. 3. ; and Thu 13. 3. 14:00–15:30 KV310, Thu 10. 4. 14:00–15:30 KV310, R. Valenčík
B_EK_2/cEKPH: Mon 15:45–16:29 E230, Mon 16:30–17:15 E230, T. Kremr
B_EK_2/cFPPPH: Tue 10:30–11:14 E227, Tue 11:15–12:00 E227, T. Kremr
B_EK_2/cMPH: Mon 12:15–12:59 E004, Mon 13:00–13:45 E004, T. Kremr
B_EK_2/pEKFMPPPH: Mon 8:45–9:29 E007KC, Mon 9:30–10:15 E007KC, H. Lipovská
B_EK_2/pEKKV: each odd Tuesday 12:15–12:59 KV202, each odd Tuesday 13:00–13:45 KV202, each odd Tuesday 14:00–14:44 KV202, each odd Tuesday 14:45–15:30 KV202, J. Tichý
B_EK_2/vEKPH: Fri 28. 2. 14:00–15:30 E306, 15:45–17:15 E306, Sat 15. 3. 8:00–9:30 E306, 9:45–11:15 E306, Sat 12. 4. 8:00–9:30 E306, 9:45–11:15 E306, Sat 26. 4. 9:45–11:15 E306, 11:30–13:00 E306, T. Kremr - Prerequisites
- There are no prerequisites for this course. It is recommended to complete Economics 1 first
- Course Enrolment Limitations
- The course is offered to students of any study field.
- Course objectives
- The aim of the subject is to introduce students to macroeconomics at the undergraduate level. The students will be able, at the end of the course to:
- understand inflation and the rice level and make basic calculations
- understand economic growth and GDP including the business cycle
- understand the quantity theory of money and make basic calculations
- understand currency markets and exchange rates
- understand the basic ideas of fiscal and monetary policies - Learning outcomes
- The students will be able after completing the course to:
- understand the meaning of basic macroeconomic indicators (GDP, inflation, the rate of unemployment)
- explain other macroeconomics terms (potential product, money, Phillips curve)
- understand macroeconomic equilibrium: how aggregate supply and aggregate demand are determined
- know the factors of long-term economic growth and short-term business cycle
- understand international macroeconomic terms (the exchange rate, external macroeconomic balance)
- understand the effects and limits of macroeconomic policies (fiscal and monetary policy)
- understand the advantages and disadvantages of international cooperation (international free trade, common currency ...) - Syllabus
- 1. The Price level and inflation
- 2. Output and unemployment
- 3. Evolution of Money
- 4. Money stock
- 5. Quantity Theory of Money
- 6. Aggregate demand and Aggregate supply
- 7. Short-Run Aggregate Supply, Phillip's curve
- 8. Says's Law of Markets, Keynes!s Consumption function
- 9. Foreign Exchange, Balance of Payments
- 10. Monetary Policy
- 11. Fiscal Policy
- 12. International cooperation
- Literature
- required literature
- MACH, Petr. Ekonomie pro bakaláře (Elementary economics). Praha: VŠFS, 2023, 244 pp. EDUCOPress. ISBN 978-80-7408-266-5. Odkaz na www stránky nakladatele info
- recommended literature
- MACH, Petr. Textbook of Elementary Economics. Prague: VŠFS, 2019. ISBN 978-80-7408-193-4. info
- WAWROSZ, Petr, Herbert HEISSLER, Mojmír HELÍSEK and Petr MACH. Makroekonomie základní kurz. Praha: Vysoká škola finanční a správní, o.p.s., 2012, 360 pp. Eupress. ISBN 978-80-7408-059-3. info
- Teaching methods
- Lectures and seminars on the present form of the study, consultations on the distant form of the study. Students should attend at least 75% of the seminars in the full-time form or 50% of sessions in the combined form.
- Assessment methods
- The subject is completed by earning the credit and passing the exam. Earning credit is a necessary condition for students to be able to take the exam.
The student earns credit by passing a midterm online credit test after the 6th lecture and a final online credit test at the end of the course.
The exam is oral. - Language of instruction
- Czech
- Further comments (probably available only in Czech)
- The course can also be completed outside the examination period.
Information on the extent and intensity of the course: 16 hodin KS/semestr. - Teacher's information
- Petr Mach, PhD. teaches microeconomics and macroeconomics, Lobbying, and Monetary theory and policy.
- Enrolment Statistics (Summer 2025, recent)
- Permalink: https://is.vsfs.cz/course/vsfs/summer2025/B_EK_2