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    Reg. No. CZ.1.07/2.2.00/28.0326
    Subject: Economics I (macroeconomics)
    Form of study: full-time
    Subjetc´s goals: The goals of all lectures and other forms of education are instantiations of the general objectives of the course which equips students with basic knowledge of modern economic theory in the context of its historical development, explain the principles of the market economy mechanism and its functioning as a single, coherent and internally consistent economic system.
    Learning outcomes:
    • skills:
    • Mastery of basic economic concepts, laws, principles, relationships and links between economic variables.
    • Understanding the basic functions of the market and the laws as a primary mode of coordination of economic activities in current conditions.
    • Basic knowledge and understanding of market failure (esp. Public goods) in applications to the defense.
    • Perception of microeconomic principles as tools for effective use of limited source of funds.
    • Understanding the basic macroeconomic context, with emphasis on the implications of using various instruments of economic policy for the behavior and decisions of individuals.
    • Understanding the origin and development of economic theory based on the lining of relevant passages from the history of economic theories.
    • abilities:
    • Using knowledge of economic theory's ability to critically assess the economic context of current events in the Czech Republic and abroad, the ability to listen to alternative viewpoints and approaches to business issues, the ability to form his/her own opinion and prove to defend it.
    • competences:
    • Respect for fundamental economic principles in real conditions.
    • Preferring the market, respectively, mixed economy with the knowledge of the public sector.
    • Proof of economic literacy in professional and personal lives.
    Subject continuity: This curse is a precursor for the courses "Public Economy" and "Economics II".
    Conditions for successful completion of the course:
    • 2nd semester: 3 partial control tests, final test and final correction test. Course is terminated by a exam (from the entire range - microeconomics and macroeconomics).
    Basic literature:
    • SAMUELSON, P. A., NORDHAUS, W. D. Economics. 15th ed. McGraw-Hill, 1995. 1013 p. ISBN 0-07-054981-9.
    • HYNKOVÁ, V., NOVÝ, J. Macroeconomics I - for a bachelor´s degree, Part I. 1st ed. Brno: University of Defence, 2008. 125 p. ISBN 978-80-7231-278-8.

    • HYNKOVÁ, V., NOVÝ, J. Macroeconomics I - for a bachelor's degree, Part II.1st ed. Brno: University of Defence, 2009. 82 p. ISBN 978-80-7231-578-9.
    • HYNKOVÁ, V. Macroeconomics I - for a bachelor's degree, Part III. 1st ed. Brno: University of Defence, 2010. 75 p. ISBN 978-80-7231-734-9.
    Recommended readings:

    • FRANK, R. H., BERNANKE, B. S. Principles of Macro-economics. 3rd Edition. NY: McGraw-Hill/Irwin, 2007. 561 p. ISBN 978-0-07-325594-1.

    • LIPSEY, R. G., CHRYSTAL, K. A. Economics. Tenth edition. Oxford, NY: Oxford University Press Inc., 2004. 699 p. ISBN 978-0-19-925-784-1.

    • MANKIW, G. N. Principles of Economics. 2nd edition. South-Western Educational Publishing, 2000. 888 p. 978-0030259517.

    • McCONNELL, C. R., BRUE, S. L. Macroeconomics: Principles, Problems, and Policies. 7th ed. McGraw-Hill, Irwin, 2007. 380 p. ISBN 978-0-07-110144-6.

    • SCHILLER, B. R. The Macro Economy Today. 13th edition. McGraw-Hill, 2013. 544 p. ISBN 978-0077416478.

  • 1st Topic: Macroeconomic Measurement

    2 lectures

    Introduction to Macroeconomics

    Macroeconomic Measurement

  • 2nd Topic: Aggregate Expenditure and Product. Macroeconomic Equilibrium

    2 lectures

    Macroeconomic Equilibrium

    Aggregate Expenditure and Product

  • 3rd Topic: Economic Growth and Business Cycle Theory

    2 lectures

    Economic Growth

    Business Cycle Theory

  • 4th Topic: Money and Money Market

    2 lectures

    Money and Money Market

    Banking System and Deposit Multiplication

  • 5th Topic: Inflation and Anti-inflationary Policy

    1 lecture

  • 6th Topic: Unemployment

    1 lecture

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  • 7th Topic: Fiscal and Income Policy

    2 lectures

    Fiscal Policy

    Income Policy

  • 8th Topic: Monetary Policy

    1 lecture

  • 9th Topic: Open Economy, Foreign-trade and Currency Policy

    2 lectures

    Open Economy

    Foreign-trade and Currency Policy