MPE_ETVS Economic theory for public administration

Faculty of Economics and Administration
Spring 2021
Extent and Intensity
2/2/0. 5 credit(s). Type of Completion: zk (examination).
Teacher(s)
Ing. Tomáš Paleta, Ph.D. (lecturer)
Ing. Monika Jandová, Ph.D. (lecturer)
prof. Ing. Martin Kvizda, Ph.D. (lecturer)
Yvon ROCABOY (lecturer), doc. JUDr. Ivan Malý, CSc. (deputy)
prof. Ing. Antonín Slaný, CSc. (lecturer)
Ing. Tomáš Paleta, Ph.D. (seminar tutor)
Guaranteed by
prof. Ing. Antonín Slaný, CSc.
Department of Economics – Faculty of Economics and Administration
Contact Person: PhDr. Ing. Pavla Hradecká
Supplier department: Department of Economics – Faculty of Economics and Administration
Timetable
Wed 12:00–13:50 MT205
  • Timetable of Seminar Groups:
MPE_ETVS/01: Wed 14:00–15:50 MT205, T. Paleta
Prerequisites
microeconomics for public administration, macroeconomics for public administration
Course Enrolment Limitations
The course is only offered to the students of the study fields the course is directly associated with.

The capacity limit for the course is 30 student(s).
Current registration and enrolment status: enrolled: 0/30, only registered: 0/30
fields of study / plans the course is directly associated with
Course objectives
The course extends the students' knowledge in the sphere of theoretical concepts of basic microeconomic and macroeconomic models; thus graduates possess comparable knowledge and skills in comparison with the graduate students of different fields of study at ESF MU.
Learning outcomes
After graduation students will be able to:
- deeper understand the economic models and theoretical approaches
- place individual macroeconomic and microeconomic concepts into the theoretical framework
- undertand the causes and circumstances of particular economic theories
- identify the limitations and options of particular economic models
Syllabus
  • Lectures: 1. Short overview of economic thoughts 2. Extension of the consumer theory with applications; alternative approaches of Slutzky and Hicks 3. Production and costs relation in economics; technological changes 4.Detailed analysis of monopoly 5. Detailed analysis of oligopoly and duopoly 6. Specification of input market and labor market 7. Money and monetary policy 8. Macroeconomic equilibrium in the IS-LM model 9. Aggregate demand and product of the economy 10. Aggregate demand and aggregate supply 11. Fiscal policy, public debt and seignorage 12. Macroeconomic policy focused on demand and supply 13. Economic growth in theory and praxis. Seminars: 1) Short overview of economic thoughts, definition of the basic terms, the history of economic thoughts in antiquity, mercantilism, physiocracy, classical political economics, marginal approach, Keynes school, monetarism 2) Extension of the consumer theory with applications; different approaches of Slutzky and Hick and their alternative approaches, model of expressed preferences, 1. State transfers 2. Employer benefits 3. Application – quota system, Slutzky equation, demand of constant real income – Slutzky and Hicks 3) Production and costs relation in economics, technological changes, production function and total costs connection and production function in short run, total costs derivation from isoquant map in the long run, technological changes in the short and long run and the impacts on production and input productivity and impacts on costs optimum of firm, substitution possibility of inputs 4) Detailed analysis of monopoly, effectiveness of monopoly behavior, monopoly behavior in conditions of state regulation, monopoly discrimination, monopoly comparison to perfect competition market 5) Detailed analysis of oligopoly and duopoly, oligopoly specification, alternative decision-making of duopoly firm (costs advantage, price competition, shared market, etc.) alternative decision-making of oligopoly (dominant firm, cartel) 6) . Specification of production factor market and labor market, connection of input market with production market, input productivity and other factors, which influence input demand in perfect competition market, imperfect competition in input market, monopoly of labor supply, monopoly of labor demand, unemployment and economic active population, unemployment category, state labor policy, state intervention on labor market and its impacts on equilibrium 7) Money and monetary policy, money demand and money supply in the short and long run, money supply control, monetary policy in open economy 8) Macroeconomic equilibrium in IS-LM model, production market, derivation of the IS curve, derivation of the LM curve, equilibrium under flexible and rigid price condition 9) Aggregate demand and product of the economy, short run product fluctuation, employment and unemployment, IS-LM model in open economics, product and interest rates determination in open economy on floating and fixed exchange rate condition 10) Aggregate demand and aggregate supply in floating and fixed exchange rate, AS-AD model in open economy 11) Fiscal policy, public debt and seignorage, macroeconomic stabilization policy in short and long run, state budget deficit, public debt and seignorage, alternative ways of public debt stabilization 12) Macroeconomic policy focused on demand and supply, uncertainty and expectation in economic policy, market efficiency economics, ways of increasing production market efficiency and labor market efficiency 13) Economic growth in theory and praxis, economic growth and inputs complementarity, knowledge and innovation in connection with growth and economic policy.
Literature
  • MANKIW, N. Gregory. Zásady ekonomie. Praha: Grada, 2000, 763 s. ISBN 80-7169-891-1. info
  • SOUKUPOVÁ, Jana. Mikroekonomie. 2. vyd. Praha: Management Press, 1999, 548 s. ISBN 80-7261-005-8. info
  • MACÁKOVÁ, Libuše. Mikroekonomie :(základní kurs). 4. vyd. Slaný: Melandrium, 1997, 277 s. ISBN 80-901801-2-4. info
  • BURDA, M. – WYPLOSZ, C.: Macroeconomics. A European text. Oxford: Oxford University Press, 2005, 598 s.
  • DORNBUSCH, R. - FISCHER, S.: Makroekonomie. Praha: SPN a Nadace Economics, 1994
  • NĚMEČEK, Eduard. Mezinárodní měnový systém : otázky konvertibility, stability a likvidity. 1. vyd. Praha: Karolinum, 2000, 247 s. ISBN 8024600811. info
  • SAMUELSON, Paul Anthony and William D. NORDHAUS. Ekonomie. Translated by Michal Mejstřík - Milan Sojka - Antonín Kotulan. Vyd. 2. Praha: Svoboda, 1995, 1011 s. ISBN 802050494X. info
  • VLČEK, J. a kol.: Ekonomie a ekonomika. Praha: ASPI Publishing, s.r.o., 2003
  • ŽÍDEK, Libor. Historie světového hospodářství. 1. vyd. Brno: Masarykova univerzita, 1998, 130 s. ISBN 8021019263. info
Teaching methods
The lectures are supplemented with discussion of selected topics at seminars. The combination of theoretical foundations and practical realization provides students with an analytical insight and enables them to consider critically separate economic issues. The subject is segmented into several topics both microeconomic and macroeconomic in equal proportion. Economic subject matter is lectured and consequently set for self-study and then discussed at seminars.
Assessment methods
The course is concluded by a written test. The exam is given and marked by a Czech lecturer in Czech language. The exam result consists of 50% of the final exam and 50% of tests throughout the semester. If a student is not able to pass the tests during the semester then he/she is not allowed to write the final test. The exam result is then F.
Language of instruction
Czech
Further comments (probably available only in Czech)
Study Materials
The course is taught annually.
General note: Část výuky probíhá ve francouzštině. Nezapisují si studenti, kteří absolvovali předmět PEETVS.
Listed among pre-requisites of other courses
The course is also listed under the following terms Spring 2013, Spring 2014, Spring 2015, Spring 2016, Spring 2017, Spring 2018, Spring 2019, Spring 2020.
  • Enrolment Statistics (recent)
  • Permalink: https://is.muni.cz/course/econ/spring2021/MPE_ETVS