N_HTP Economic Theory and Policy

University of Finance and Administration
Summer 2021
Extent and Intensity
3/0/0. 5 credit(s). Type of Completion: zk (examination).
prof. Ing. Mojmír Helísek, CSc. (lecturer)
Ing. Bc. Jiří Mihola, CSc. (seminar tutor)
doc. Mgr. Ing. Petr Wawrosz, Ph.D. (seminar tutor)
Guaranteed by
prof. Ing. Mojmír Helísek, CSc.
Department of Economics and Management – Departments – University of Finance and Administration
Contact Person: Bc. Kamila Procházková
Timetable of Seminar Groups
N_HTP/pVMO: each odd Wednesday 12:15–12:59 M01, each odd Wednesday 13:00–13:45 M01 and each even Wednesday 12:15–12:59 M01, each even Wednesday 13:00–13:45 M01, each even Wednesday 14:00–14:44 M01, each even Wednesday 14:45–15:30 M01, except Wed 3. 3., except Wed 31. 3., except Wed 28. 4. ; and Wed 17. 2. 14:00–15:30 M01, Wed 17. 3. 14:00–15:30 M01, Wed 14. 4. 14:00–15:30 M01, M. Helísek
There are no prerequisites for this course
Course Enrolment Limitations
The course is offered to students of any study field.
Course objectives
The aim of the subject is to supplement the knowledge of economics (microeconomics and macroeconomics), in terms of the connection of economic theories and economic policy. After completing the course students will: 1. They will be able to understand the context of economic theory and policy. 2. They will be able to explain different views on these contexts. 3. They will be able to orient themselves in key personalities of economics and their main works.
Learning outcomes
Knowledge of economic theory and policy that will contribute to understanding the functioning of the market economy.
  • 1. Knowledge of economy in ancient and medieval philosophy 2. Trade policy - mercantilism, business support - kameralism 3. Predecessors of classical economics. Classical economics of market and trade (value theory, invisible hand, comparative advantages) 4. German historical school - social science. Marxism and socialist theories. Ordoliberalism - social market economy 5. Austrian and neo-Austrian school - subjectivism and liberalism. J. A. Schumpeter and the theory of innovation. 6. Neoclassical economics (Cambridge and Laussian schools) - market, firm and general equilibrium, American neoclassical (Fisher, Clark) 7. Institutionalism (leisure class), neoinstitutionalism (affluent society) and new institutionalism (transaction costs) 8. J. M. Keynes and the need for government intervention (fiscal and monetary policy), neo-Keynesianism (macroeconomic models) 9. Post-Keynesianism (new conception of money, hypothesis of financial instability), new Keynesianism (market failure - rigidities) 10. Chicago school and Friedman's reformulation of KTP. A new classic and the creation of rational expectations. Supply side economics (Laffer curve and others). 11. Theory of public choice (economic theory of politics) - voters, bureaucracy, rent seeking, and other concepts 12. Czech (Czechoslovak) economic thinking – from kameralism to the present
    required literature
  • Studijní texty v IS (sekce „učební materiály“)
    recommended literature
  • Kishtainy, N. a kol. Kniha ekonomie. Euromedia Group, Praha, 2014.
  • Sojka, M. Dějiny ekonomických teorií. Havlíček Brain Team, Praha 2010.
Teaching methods
Teaching takes place in the form of lectures, in which there is a dialogue between the teacher and students.
Assessment methods
The subject ends with an oral exam.
Language of instruction
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: 12 hodin KS/semestr.
The course is also listed under the following terms Summer 2015, Summer 2016, Summer 2017, Summer 2018, Summer 2019, Summer 2020, Summer 2022.
  • Enrolment Statistics (Summer 2021, recent)
  • Permalink: https://is.vsfs.cz/course/vsfs/summer2021/N_HTP