EVSBPZMAP Basics of macroeconomics for practice

School of Business Administration in Karvina
Summer 2025
Extent and Intensity
2/2/0. 5 credit(s). Type of Completion: zk (examination).
Teacher(s)
Ing. Eva Kotlánová, Ph.D. (lecturer)
Ing. Karin Gajdová, Ph.D. (seminar tutor)
Ing. Eva Kotlánová, Ph.D. (seminar tutor)
Ing. Radka Kubalová, Ph.D. (seminar tutor)
Guaranteed by
prof. Mgr. Ing. Michal Tvrdoň, Ph.D.
Departament of Economics and Public Administration – School of Business Administration in Karvina
Contact Person: Ing. Eva Kotlánová, Ph.D.
Timetable
Mon 13:55–15:30 VS
  • Timetable of Seminar Groups:
EVSBPZMAP/01: Wed 10:35–12:10 B101, E. Kotlánová
EVSBPZMAP/02: Tue 8:05–9:40 B101, K. Gajdová
EVSBPZMAP/03: Tue 9:45–11:20 B101, K. Gajdová
EVSBPZMAP/04: Wed 10:35–12:10 B207, K. Gajdová
EVSBPZMAP/05: Tue 13:55–15:30 B101, K. Gajdová
EVSBPZMAP/06: Tue 8:05–9:40 B307, R. Kubalová
EVSBPZMAP/07: Tue 9:45–11:20 B307, R. Kubalová
EVSBPZMAP/08: Tue 11:25–13:00 B307, R. Kubalová
EVSBPZMAP/09: Tue 13:55–15:30 B307, R. Kubalová
Prerequisites (in Czech)
FAKULTA(OPF) && TYP_STUDIA(B) && FORMA(P) && ((! EVSBPVEP External Economic Environment ) || (! EVSBPZMA Economics II ) || (! EVSBPVEP External Economic Environment )) && ROCNIK(1) && PROGRAM(B_CRT)
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 200 student(s).
Current registration and enrolment status: enrolled: 62/200, only registered: 1/200
fields of study / plans the course is directly associated with
Course objectives

The aim of this course is to provide students with an insight into the basic macroeconomic phenomena and processes that determine the functioning of the national and global economy. Students will learn to understand the mechanisms of economic performance creation and measurement, comprehend the relationships between money, inflation, unemployment and economic growth, and acquire the ability to analyse the role of government, central banks and international economic relations.

Learning outcomes

Students will be able to measure a country's economic performance using GDP and explain its significance for assessing economic strength and development. Students will be able to perform basic macroeconomic calculations, interpret real and nominal variables, and compare temporal and spatial indices. Students will understand the role of money in the economy, explain the concept of price levels, and analyze the causes and effects of inflation on individual economic entities. Students will be able to characterize different population groups according to economic activity and analyze the causes and consequences of unemployment. Students will be able to explain the AS-AD model, including the impact of aggregate demand and supply on economic performance and employment in the short and long term. Students will be able to define the role of the government and the central bank, including their fiscal and monetary policy instruments, and evaluate their impact on individual economic entities and the economy as a whole. Students will understand the principles of international trade and the impact of international capital movements on the domestic economy. Students will be able to analyze and interpret the impact of exchange rates, tariffs, and quotas on trade relations between countries. Students will understand the concept of economic integration and be able to critically evaluate its benefits and costs at the national and global levels. Students will be able to apply theoretical knowledge of macroeconomics to practical situations in the Czech and European economies.

Syllabus

  • 1. Measure of a country's economic success – gross domestic product.

  • A country's economic performance and its measurement using GDP. A country's economic strength and sophistication. Economic growth and its impact on the standard of living of the population.
  • 2. Economic calculations, macroeconomic indices.
  • Indices, temporal and spatial comparisons. Real and nominal values. Calculation and significance of growth rates, average values. Interpretation of macroeconomic indicators in the context of the Czech and European economies.
  • 3. Money, prices and price levels, inflation.
  • Money and its role in the economy. Prices in the economy and price levels. Inflation, its measurement, origin, and impact on individual economic entities and the economy as a whole. The banking system and money creation.
  • 4. Labour market and unemployment.
  • Population groups according to economic activity. Unemployment, its causes, types, and impact on the economy. The state's approach to solving the problem of unemployment. Employment policy and its impact on the labor force and companies.
  • 5. Macroeconomic model (AS-AD model).
  • The impact of aggregate demand and its components on economic performance and employment. The impact of aggregate supply and external effects on economic performance and employment. The economic cycle and its connection to the behavior of economic entities.
  • 6. The role of the government and the central bank in the economy The role of the government and its ability to influence the economy. Fiscal policy. The central bank and its role in the economy and the impact of monetary policy on economic entities.
  • 7. Mutual economic relations between countries.
  • International trade and other economic relations between countries. Exchange rates, customs duties, quotas and other ways of influencing foreign trade. International capital movements, domestic and foreign capital and their impact on the economy.
  • 8. Economic integration
  • Mutual economic interconnection and dependence of countries. Globalisation of the economy. Economic integration and its impact on the economy. The European Union, costs and benefits of the Czech Republic's membership in the European Union.
Literature
    required literature
  • Tvrdoň, M. (2024). Základy makroekonomie pro praxi. Distanční studijní text. SU OPF.
    recommended literature
  • Jurečka, V., Macháček, M. & kol. (2023). Makroekonomie.4. aktualizované a rozšířené vydání. Grada.
  • Mankiw, N. G. (2024). Principles of Economics.10th edition. Cengage.
Teaching methods

Lectures, working with texts, discussions, teamwork, cooperative and collaborative learning, teaching using practical examples applied to theoretical approaches.

Assessment methods

Attendance at seminars: minimum 60% (10% of assessment), continuous assessment test (30% of assessment), combined examination (60% of assessment)

Language of instruction
Czech
Further Comments
Study Materials
  • Enrolment Statistics (recent)
  • Permalink: https://is.slu.cz/course/opf/summer2025/EVSBPZMAP