Subject description - AE1B16MME

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AE1B16MME Macro and Microeconomics
Roles:P, V Extent of teaching:2+2s
Department:13116 Language of teaching:EN
Guarantors:  Completion:Z,ZK
Lecturers:  Credits:5
Tutors:  Semester:Z


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.


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




Economics, Microeconomics, Macroeconomics, Demand, Supply, Consumer, Producer, Cost, Benefit, Product, Money, Inflation, Unemployment, International Trade

Subject is included into these academic programs:

Program Branch Role Recommended semester
BEKME1 Communication Technology V 1
BEKME5 Komunikace a elektronika V 1
BEKME_BO Common courses V 1
BEKME4 Network and Information Technology V 1
BEKME3 Applied Electronics V 1
BEKME2 Multimedia Technology V 1
BEEEM1 Applied Electrical Engineering P 1
BEEEM_BO Common courses P 1
BEEEM2 Electrical Engineering and Management P 1
BEOI1 Computer Systems V
BEOI_BO Common courses V
BEOI3 Software Systems V
BEOI2 Computer and Information Science V
BEKYR1 Robotics V 1
BEKYR_BO Common courses V 1
BEKYR3 Systems and Control V 1
BEKYR2 Sensors and Instrumentation V 1
BEOI1 Computer Systems V 1
BEOI_BO Common courses V 1
BEOI3 Software Systems V 1
BEOI2 Computer and Information Science V 1

Page updated 14.6.2021 19:52:31, semester: L/2021-2, L/2020-1, Z,L/2022-3, Z/2021-2, Send comments about the content to the Administrators of the Academic Programs Proposal and Realization: I. Halaška (K336), J. Novák (K336)