VSFS:N_HTP Economic Theory and Policy - Course Information
N_HTP Economic Theory and Policy
University of Finance and AdministrationSummer 2021
- Extent and Intensity
- 3/0/0. 5 credit(s). Type of Completion: zk (examination).
- Teacher(s)
- 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
- Prerequisites
- 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.
- Syllabus
- 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
- Literature
- 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
- 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: 12 hodin KS/semestr.
- Enrolment Statistics (Summer 2021, recent)
- Permalink: https://is.vsfs.cz/course/vsfs/summer2021/N_HTP