Economics

The Economics study programme offers a way for students to obtain knowledge in the area of economic theory in terms of its development, its alternative forms, and the substance of its argumentation. Moreover, this knowledge is combined with mastering the basics of quantitative tools and techniques used both in economics and in other scientific disciplines. Students are introduced gradually to the basics of microeconomics, macroeconomics, and the history of economic thought. They can be deeply informed in the areas of applied mathematics, statistics, and econometric modelling. The aim is to prepare professionals able to solve theoretical and applied economic problems, experts possessing the ability to think analytically based on mastering the techniques of theoretical economics and understanding of the relevance and limits of their use.

After successfully completing his/her studies the graduate is able to:

• master the main theoretical concepts in economics and understand the contents of current texts in the area of modern economics
• apply theoretical knowledge to solve specific economic case studies, including the building of formal models
• comment on and interpret current economic developments within the context of modern economic theories, even possibly using appropriate quantitative tools and techniques
• identify analytically hidden connections and consequences of the economic impacts of economic policy
• write an academic text dealing with problems of economics and economic policy, which includes competent arguments and their own opinions based on quantitative analysis of empirical data

Mastering economic ways of thinking and general-purpose quantitative methods opens the door for graduates into the world of economy, finance, business economics, and applied economic policy. Students may profile their specialization within the appropriate choice of thesis topic and the supervisor. The graduates are well prepared for the labour market, especially after finishing the Master’s degree study programme. Specific knowledge and analytical skills predispose graduates for work on simpler applications in the analytical departments of commercial banks, analytical and consulting firms, and government and international organizations where they can participate in working with quantitative models for financial and macroeconomic forecasts, the impact of alternative testing strategies and scenarios, and creating simpler financial and macroeconomic analysis.

Practical training is not an obligatory part of the study plan.

The final project is a structured written output, which is primarily intended to summarise the student's achievements. It verifies the student's ability to apply knowledge and skills in solving a specific problem that corresponds to the focus of the degree programme. The specific form is chosen in consultation with the supervisor of the Final Project. The Final Project takes the form of a brief document that presents the problem, its solution and explains the student's thinking in solving it. The total length of the Final Project is expected to be 10-15 standard pages.

Guidelines for the Final Project and other information can be found in the ECON MUNI Student Handbook available at www.econ.muni.cz/zaverecna-prace.

After completing the Bachelor’s degree study programme, it is possible to continue further studies in the Master’s degree study programme in Economics, Economic Policy, Economic Policy and International Relations, and Mathematical and Statistical Methods in Economics..