VSFS:B_EK_2 Economics 2 - Course Information
B_EK_2 Economics 2
University of Finance and AdministrationSummer 2024
- Extent and Intensity
- 2/2/0. 6 credit(s). Type of Completion: zk (examination).
- Teacher(s)
- Ing. Michal Blahout, Ph.D. (seminar tutor)
Ing. Petr Mach, 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/cEKPH: each even Tuesday 10:30–11:14 E007KC, each even Tuesday 11:15–12:00 E007KC, each even Thursday 15:45–16:29 E230, each even Thursday 16:30–17:15 E230, M. Blahout
B_EK_2/cEKPPKV: each odd Wednesday 9:30–10:14 KV206, each odd Wednesday 10:15–11:00 KV206, each odd Wednesday 11:15–11:59 KV206, each odd Wednesday 12:00–12:45 KV206, except Wed 24. 4. ; and Thu 18. 4. 10:30–12:00 KV211, 12:15–13:45 KV211, J. Tichý
B_EK_2/cFPPPH: each odd Monday 8:45–9:29 E007KC, each odd Monday 9:30–10:15 E007KC, each odd Monday 10:30–11:14 E007KC, each odd Monday 11:15–12:00 E007KC, except Mon 12. 2. ; and Mon 12. 2. 8:45–10:15 S26, 10:30–12:00 S26, M. Blahout
B_EK_2/cMMO: each odd Tuesday 8:45–9:29 M17, each odd Tuesday 9:30–10:15 M17, each odd Tuesday 10:30–11:14 M17, each odd Tuesday 11:15–12:00 M17, except Tue 23. 4. ; and Mon 22. 4. 14:00–17:15 M17, J. Tichý
B_EK_2/cMPH: Wed 12:15–12:59 E306, Wed 13:00–13:45 E306, R. Valenčík
B_EK_2/poEKPPKV: each even Monday 8:45–9:29 KV204, each even Monday 9:30–10:15 KV204, each even Monday 10:30–11:14 KV204, each even Monday 11:15–12:00 KV204, P. Mach
B_EK_2/poMMO: each even Monday 8:45–9:29 M14, each even Monday 9:30–10:15 M14, each even Monday 10:30–11:14 M14, each even Monday 11:15–12:00 M14, P. Mach
B_EK_2/pxEKFMPPPH: each even Monday 8:45–9:29 E007KC, each even Monday 9:30–10:15 E007KC, each even Monday 10:30–11:14 E007KC, each even Monday 11:15–12:00 E007KC, P. Mach
B_EK_2/vEKPH: Fri 9. 2. 14:00–15:30 E228, 15:45–17:15 E228, Sat 9. 3. 9:45–11:15 E228, 11:30–13:00 E228, Fri 12. 4. 14:00–15:30 E228, 15:45–17:15 E228, Fri 26. 4. 14:00–15:30 E228, 15:45–17:15 E228, P. Mach - 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 2024, recent)
- Permalink: https://is.vsfs.cz/course/vsfs/summer2024/B_EK_2