BA_EC_2 Economics 2

Vysoká škola finanční a správní
léto 2026
Rozsah
2/1/0. 16 hodin KS/semestr. 6 kr. Ukončení: zk.
Garance
Ing. Petr Mach, Ph.D.
Katedra ekonomie a managementu (FES, KEM) – Katedry – Vysoká škola finanční a správní
Kontaktní osoba: Bc. Kateřina Konupková
Předpoklady
There are no prerequisites for this course
Omezení zápisu do předmětu
Předmět je otevřen studentům libovolného oboru.
Cíle předmětu
At the end of the course, students should be able to understand and explain an elementary macroeconomic theory, explain inflation, GDP, unemployment, money stock and the basic macroeconomic principles and relations between these variables. Students will be able to explain fiscal policy and monetary policy.
Výstupy z učení
Students will be able to understand and explain basic macroeconomic terms (inflation, GDP, unemployment) and principles (including quantity theory and the short run aggregate supply).
Osnova
  • 1. Price Level
  • 2. Aggregate Output and Unemployment
  • 3. Money - evolution and functions
  • 4. Money Supply
  • 5. Quantity Theory of Money
  • 6. Aggregate Demand and Aggregate Supply
  • 7. Aggregate Supply in the Short Run
  • 8. Say's law of markets
  • 9. Foreign Exchange Market
  • 10. Monetary Policy
  • 11. Fiscal Policy and Public Debt
  • 12. Currency Unions and Currency Separations
  • Seminars
  • 1. Calculation of the rate of inflation and the real GDP
  • 2. Understanding the process of the multiplication of deposits
  • 3. Calculations of the equation of exchange
  • 4. Keynes’s consumption function
  • 5. Calculations of the Exchange rate
  • 6. Calculations of deficit and the public debt
Literatura
    povinná literatura
  • MACH, Petr. Textbook of Elementary Economics. Prague: VŠFS, 2019. ISBN 978-80-7408-193-4. info
    doporučená literatura
  • Rossana, Robert J.. Macroeconomics, Taylor & Francis Group, 2011. ProQuest Ebook Central, https://ebookcentral.proquest.com/lib/vsfscz/detail.action?docID=668564. (accessible via ProQuest)
  • MANKIW, N. Gregory. Principles of Macroeconomics. Cengage Learning. South-Western College Pub. 2014. ISBN 978-1-305-15604-3.
  • MACH, Petr. Ekonomie pro bakaláře. Praha: VŠFS, 2023, 244 s. EDUCOPress. ISBN 978-80-7408-266-5. Odkaz na www stránky nakladatele info
    neurčeno
  • e-shop: https://eshop.vsfs.cz/textbook-of-elementary-economics/
Výukové metody
Lectures and seminars in full-time study; compulsory seminar participation is 75% in full-time study.
Metody hodnocení
The course is completed with an oral exam. At the exam, the teacher asks about students' answers in the credit tests and about the basic concepts of the course.
There is one midterm online credit test and one final credit test.

The midterm test covers lectures 1-5. It takes 30 minutes. The test will be opened online after the 5th lecture. The test consists of 8 multiple-choice questions. In each question only 1 answer is correct. Students must answer correctly at least 5 questions to pass the credit test. Students are allowed to use the main book when taking the credit test.
At the end of the semester there is the final credit test containing chapters 1-11.The final credit test takes 45 minutes, it contains 11 multiple choice questions. Students need to answer correctly at least 6 questions to pass it.
Students need to pass the credit tests to be able to register for the oral exam in the examination period.

Requirements for ISP students:

The ISP students must take online credizt tests and the oral exam as regular students. The ISP students are advised to buy the main book (https://eshop.vsfs.cz/textbook-of-elementary-economics/) If you are outside the Czech Republic you can order shipping the Textbook of Elementary Economics to your address abroad on this email: eupress@vsfs.cz.
Informace učitele
Ing. Petr Mach, Ph.D. lectures microeconomics and macroeconomics both at the undergraduate and graduate level. He also teaches the course of lobbying and the course Monetary Theory and Policy (in Czech) at the Master's level.
Další komentáře
Předmět je dovoleno ukončit i mimo zkouškové období.
Předmět je zařazen také v obdobích léto 2015, léto 2016, léto 2017, léto 2018, léto 2019, léto 2024, léto 2025.
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