PETEHP The Transformation of the Czech Economy and its Economic Policy

Faculty of Economics and Administration
Spring 2009
Extent and Intensity
2/0/0. 3 credit(s). Type of Completion: zk (examination).
Teacher(s)
Ing. Bc. Dana Dobešová (lecturer)
Ing. Michal Kvasnička, Ph.D. (lecturer)
Ing. Petr Musil, Ph.D. (lecturer)
prof. Ing. Zdeněk Tomeš, Ph.D. (lecturer)
doc. Ing. Libor Žídek, Ph.D. (lecturer)
Guaranteed by
prof. Ing. Antonín Slaný, CSc.
Department of Economics – Faculty of Economics and Administration
Contact Person: Lydie Pravdová
Timetable
Tue 9:20–11:00 P103
Course Enrolment Limitations
The course is also offered to the students of the fields other than those the course is directly associated with.
fields of study / plans the course is directly associated with
there are 17 fields of study the course is directly associated with, display
Course objectives
In the course students will learn about the development of the transformation process in the Czech Republic in the 1990s. The course consists of 13 lectures. The teachers (members of the department of economics) first describe the process from the systematic point of view and then concentrate on particular transformation problems – for example monetary and fiscal policy or privatization. The goal of the course is to give an overall view of the whole process. The course is taught in English and concluded with the written exam.
Syllabus
  • 1 Economic history of the CSR introduction to the course, development of the Czechoslovak economy since the Second World War, situation at the end of the 1980s 2 The main steps and the economic policy during the transformation economic policy during the transformation process, overall basic view 3 The macroeconomic development: development of the basic economic indicators – GDP, unemployment, inflation 4 The development of the fiscal policy: analysis of the fiscal policy during the transformation process – budgets, deficits 5 The development of the monetary policy: applying monetary policy during the transformation process – tools used, methods and achievements 6 Different explanations of the economic crisis description of the crisis in 1997, different explanations, the role of the government and the central bank in the crisis 7 The privatization process in the Czech economy methods used, the process, achievements, criticisms 8 The development of the exchange rate policy fixed exchange rate, appreciation of the real exchange rate, devaluation and floating 9 The changes on the labour market development of unemployment during the transformation, causes and impacts 10 The changes in foreign trade the main factors in the development, growth in volume, changes in commodity and territorial structure 11 The structural changes in the economy restructuring, impact of the transformation on the structure of the economy 12 The institutional changes during the transformation process change of the law system, bankruptcy law, corruption 13 The comparison of the development in the post-communist countries comparison with Hungary and Poland, description of the differences in economy policy and economic results including privatization process, structure of the economy
Literature
  • MUSIL, Petr, Dana DOBEŠOVÁ, Martin KVIZDA, Zdeněk TOMEŠ and Libor ŽÍDEK. The Transformation of the Czech Economy. 1st ed. Brno: ESF MU, 2003, 193 pp. skriptum. ISBN 80-210-3292-8. info
  • SVEJNAR, J. The Czech Repulic and Economic Transition in Eastern Europe. Academic Press, 1995. ISBN 0-12-678180-X. info
Assessment methods
Lectures are held regularly in individual weeks of a semester. The final written test is to be taken during the exam period. If the student is caught during the examination performing any form of forbidden activity (for example: cribbing, allowing cribbing, using non-permitted materials and devices, exchanging tests, creating copies of tests, or substituting for other student), the teacher will stop the exam and according to the seriousness of the offence the student will be graded F, or FF or even FFF. Students that arrive directly at the ESF and want to sign for a course about the transformation process have obligation to choose Transformation of the Czech Economy and its Economic Policy. They CANNOT choose Economic Aspects of Transition Process (CESP).
Language of instruction
English
Further comments (probably available only in Czech)
Study Materials
The course is taught each semester.
General note: Tento předmět si nezpisují studenti oboru Národní hospodářství a oboru Hospodářská politika; Předmět si nezapisují studenti nebo absolventi CZS21.
The course is also listed under the following terms Spring 2002, Autumn 2002, Spring 2003, Autumn 2003, Spring 2004, Autumn 2004, Spring 2005, Autumn 2005, Spring 2006, Autumn 2006, Spring 2007, Autumn 2007, Spring 2008, Autumn 2008.
  • Enrolment Statistics (recent)
  • Permalink: https://is.muni.cz/course/econ/spring2009/PETEHP