Economic Policy

During the study programme, students learn the possibilities and limits of economic policy. They learn how to analyse and predict economic developments, especially in terms of the current problems in the Czech and European economies. For a thorough understanding of current and historical economic developments and economic policies associated with it, students are guided through the historical development and the latest achievements of economic thinking, taught how to use simple but effective tools for quantitative analysis, and are provided with understanding both theoretically and through facilitated analysis and discussion of the fundamental historical current events that have influenced and changed the world’s economic development and its perception. The accuracy of the estimated growth rate of the economy is addressed. Students learn the beneficiaries and casualties of inflation as well as the introduction of the euro or its cancellation. They learn the real source of wealth, and many other less noble but useful facts.

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

• understand basic econometric tools and quantitative methods for economic analysis
• show fundamental comprehension of problems of economic policy
• present, write reports, and discuss in English and another world language, both in general and economic terminology
• explain and elaborate basic theoretical and methodological knowledge of general economic theory
• explain and elaborate the basic theoretical and methodological knowledge of general economic theory.
• comprehend basic economic consequences of EU membership especially from the macroeconomic point of view
• work in governmental and non-governmental organizations in analytical or managerial positions

Graduates have a complex knowledge of how economics work as a whole and the importance of focusing on particular subjects such as firms and households. Graduates are able to work in those areas that require a deep understanding of the theoretical and practical fundamentals of micro- and macroeconomics: in economic policy, analysis-focused functions, national and regional administration, public and private corporations, economic journalism, consultancy, publishing, etc. Graduates can work in national and regional authorities in EU institutions, the banking sector, academics, consulting firms, and nonprofit organizations.

Practical training is not an obligatory part of the study plan. Students may attend a voluntary course of practical training.

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.

Economic Policy has been developed and taught through the Faculty of Economics and Management for a long time. The Bachelor’s degree study programme is followed by Master’s and doctoral degree study programmes.