Syllabus
Economic history and its reflection in the theory
History of economic thought; Greek and Roman philosophers, Scholastics
Mercantilism
Physiocrats
Classical Political Economy
Austrian school
John Maynard Keynes
Postkeynesians
Neokeynesians and New Keynesian economics
Antikeynesian revolution and renewal of neoclassical tradition
Chicago school
Public Choice school
Czech economic thought
Economic growth and economic cycle theory
Measuring an economy (i.e. its efficiency, production rate, and revenue).
Economic policy and its objectives.
Monetary policy. Money aggregates, money market balance, international money market
Fiscal policy.
Balance, efficiency, and the economic role of a state
Disturbance of macroeconomic balance
International trade.
Economic policy effects.
Annotation
Philosophical approach to economics and economic policy. Milestones in the evolution of theory and practice of economic policy, characteristics of modern economic-political concepts and their reflection in economic policy.
Aim of the course is to offer general theoretical knowledge of Economic Policy.
Upon successful completion of this course students will be able to describe and compare economic thought of individual schools-of-thought in economics and to apply them to solutions of the real-world problems.