BPE_TCEC The Transformation of the Czech Economy

Faculty of Economics and Administration
Spring 2011
Extent and Intensity
2/0/0. 4 credit(s). Type of Completion: zk (examination).
Teacher(s)
Ing. Michal Kvasnička, Ph.D. (lecturer)
Ing. Petr Musil, Ph.D. (lecturer)
Ing. Tomáš Paleta, Ph.D. (lecturer)
doc. Ing. Libor Žídek, Ph.D. (lecturer)
Ing. Roman Píška (assistant)
Guaranteed by
doc. Ing. Libor Žídek, Ph.D.
Department of Economics – Faculty of Economics and Administration
Contact Person: Lydie Pravdová
Timetable
Tue 8:30–10:05 P103
Prerequisites (in Czech)
(( PEMAKI Macroeconomics I || BPE_MAE1 Macroeconomics 1 ))&&((! PESZHD Transformation of Czech Econom ) || (! CZS21 CZS21 ))&&(! MPE_EKTR Economics of Transition )
Předmět si nezapisují studenti, kteří mají ve vzorovém studijním plánu předmět MPE_EKTR Ekonomie transformace.
Course Enrolment Limitations
The course is also offered to the students of the fields other than those the course is directly associated with.
fields of study / plans the course is directly associated with
Course objectives
In the course students will learn about the development of the transformation process in the Czech Republic in the 1990s. The course consists of 13 lectures. The teachers (members of the department of economics) first describe the process from the systematic point of view and then concentrate on particular transformation problems – for example monetary and fiscal policy or privatization. The goal of the course is to give an overall view of the whole process. The course is taught in English and concluded with the written exam. At the end of the course students should be able to exercise an orientation in the development of the Czech economy during the transformation period. They acquire dispositions for better understanding of the contemporary development. They will get deeper insight into the nature of the basic economic concepts through understanding of the development of the Czech economy.
Syllabus
  • 1 Economic history of the CSR introduction to the course, development of the Czechoslovak economy since the Second World War, situation at the end of the 1980s 2 The main steps and the economic policy during the transformation economic policy during the transformation process, overall basic view 3 The macroeconomic development: development of the basic economic indicators – GDP, unemployment, inflation 4 The development of the fiscal policy: analysis of the fiscal policy during the transformation process – budgets, deficits 5 The development of the monetary policy: applying monetary policy during the transformation process – tools used, methods and achievements 6 Different explanations of the economic crisis description of the crisis in 1997, different explanations, the role of the government and the central bank in the crisis 7 The privatization process in the Czech economy methods used, the process, achievements, criticisms 8 The development of the exchange rate policy fixed exchange rate, appreciation of the real exchange rate, devaluation and floating 9 The changes on the labour market development of unemployment during the transformation, causes and impacts 10 The changes in foreign trade the main factors in the development, growth in volume, changes in commodity and territorial structure 11 The structural changes in the economy restructuring, impact of the transformation on the structure of the economy 12 The institutional changes during the transformation process change of the law system, bankruptcy law, corruption 13 The comparison of the development in the post-communist countries comparison with Hungary and Poland, description of the differences in economy policy and economic results including privatization process, structure of the economy
Literature
    recommended literature
  • SVEJNAR, J. The Czech Repulic and Economic Transition in Eastern Europe. Academic Press, 1995. ISBN 0-12-678180-X. info
Teaching methods
Lectures are held regularly in individual weeks of a semester.
Assessment methods
The final written test is to be taken during the exam period. If the student is caught during the examination performing any form of forbidden activity (for example: cribbing, allowing cribbing, using non-permitted materials and devices, exchanging tests, creating copies of tests, or substituting for other student), the teacher will stop the exam and according to the seriousness of the offence the student will be graded F, or FF or even FFF. Students that arrive directly at the ESF and want to sign for a course about the transformation process have obligation to choose Transformation of the Czech Economy and its Economic Policy. They CANNOT choose Economic Aspects of Transition Process (CESP). Students that have obligation to sign "Ekonomie transformace" CANNOT choose this subject.
Language of instruction
English
Further comments (probably available only in Czech)
Study Materials
The course is taught each semester.
General note: Nezapisují si studenti, kteří absolvovali předmět PESZHD nebo CZS21. A ti, kteří mají dle studijního plánu povinnost absolvovat MPE_EKTR!.
Listed among pre-requisites of other courses
The course is also listed under the following terms Autumn 2009, Spring 2010, Autumn 2010, Autumn 2011, Spring 2012, Autumn 2012, Spring 2013, Autumn 2013, Spring 2014, Autumn 2014, Spring 2015.
  • Enrolment Statistics (Spring 2011, recent)
  • Permalink: https://is.muni.cz/course/econ/spring2011/BPE_TCEC