Subject description - A1B16MME

Summary of Study | Summary of Branches | All Subject Groups | All Subjects | List of Roles | Explanatory Notes               Instructions
A1B16MME Macro and Microeconomics Extent of teaching:2+2s
Guarantors:Ambrožová A., Fialová H. Roles:P,V Language of
teaching:
CS
Teachers:Ambrožová A., Fialová H., Vítek M. Completion:Z,ZK
Responsible Department:13116 Credits:5 Semester:Z

Anotation:

Basic economic terms, market, law of demand, law of supply, market equilibrium, price regulation, price and income elasticities, consumer's behavior, producer's behavior, cost, revenue, profit, market failure, monopoly, government macroeconomic policy, gross domestic product, multipliers, money, inflation, banking system, monetary policy, labor market, business cycle, fiscal policy, foreign trade policy, comparative advantage, CR and EU, Euro.

Course outlines:

1. Economics. Basic terms.
2. Market. Demand and supply.
3. Demand and supply. Elasticities.
4. Consumer's behavior.
5. Producer's behavior. Cost and revenue.
6. Producer's behavior. Profit maximization.
7. Market failure. Monopoly, oligopoly, monopolistic competititon.
8. Principles of macroeconomics. Government economic policy. Theoretical concepts.
9. Gross domestic product - definition and computation.
10. Expenditures on gross domestic product.
11. Money. Inflation. Banking system. Monetary policy.
12. Labor market. Unemployment. Business cycle.
13. Fiscal policy. Government budget. Public debt.
14. Foreign trade policy. CR and European Union. Euro.

Exercises outline:

1. Basic economic terms, graphs.
2. Demand, supply, market.
3. Elasticity.
4. Consumer's behavior.
5. Producer's behavior - production function.
6. Producer's behavior - cost.
7. Producer's behavior - revenue, profit in perfect competition, monopolistic profit.
8. International trade - absolute and comparative advantage.
9. Gross domestic product - definition.
10. Expenditures on gross domestic product.
11. Inflation, monetary policy of central bank, labour market.
12. Diamond.
13. Fiscal policy.
14. Reserve seminar.

Literature:

1. Fialova H., J. Jandera: Economics (handouts)
2. Frank R.H., B.S. Bernanke: Principles of Economics, McGraw-Hill, 3.Ed. 2005
3. Fialová, H., Fiala, J.: The Concise Dictionary of Economic Terms, A plus, Praha 2008

Requirements:

https://ekonom.feld.cvut.cz/cs/student/predmety/makro-a-mikroekonomika

Webpage:

https://ekonom.feld.cvut.cz/cs/student/predmety/makro-a-mikroekonomika

Subject is included into these academic programs:

Program Branch Role Recommended semester
BPOI1 Computer Systems V
BPOI_BO Common courses V
BPOI3 Software Systems V
BPOI2 Computer and Information Science V
BPOI1 Computer Systems V 1
BPOI_BO Common courses V 1
BPOI3 Software Systems V 1
BPOI2 Computer and Information Science V 1
BPKYR1 Robotics V 1
BPKYR_BO Common courses V 1
BPKYR3 Systems and Control V 1
BPKYR2 Sensors and Instrumentation V 1
BPKME1 Communication Technology V 1
BPKME5 Komunikace a elektronika V 1
BPKME_BO Common courses V 1
BPKME4 Network and Information Technology V 1
BPKME3 Applied Electronics V 1
BPKME2 Multimedia Technology V 1
BPEEM1 Applied Electrical Engineering P 1
BPEEM_BO Common courses P 1
BPEEM2 Electrical Engineering and Management P 1
BPOES Common courses V
BMI(ECTS) Manager Informatics V 1
BWM(ECTS) Web and Multimedia V 1
BIS(ECTS) Intelligent Systems V 1
BSI(ECTS) Software Engineering V 1


Page updated 19.7.2019 11:52:58, semester: Z,L/2020-1, L/2018-9, Z,L/2019-20, Send comments about the content to the Administrators of the Academic Programs Proposal and Realization: I. Halaška (K336), J. Novák (K336)