MPE_ECTR Economics of Transition

Faculty of Economics and Administration
Spring 2018
Extent and Intensity
2/1/0. 10 credit(s). Type of Completion: zk (examination).
doc. Ing. Libor Žídek, Ph.D. (lecturer)
Ing. Mgr. Lucie Coufalová, Ph.D. (assistant)
Guaranteed by
doc. Ing. Libor Žídek, Ph.D.
Department of Economics - Faculty of Economics and Administration
Contact Person: Mgr. Jarmila Šveňhová
Supplier department: Department of Economics - Faculty of Economics and Administration
Wed 14:35–16:15 S309
  • Timetable of Seminar Groups:
MPE_ECTR/02: each odd Wednesday 16:20–17:55 S309, L. Žídek
Prerequisites (in Czech)
(! MPE_EKTR Economics of Transition )&&(! BPE_TCEC Transformation Czech Econ. )
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
Main objectives can be summarized as follows: to understand the basic steps of the transformation process (from the centrally planned system to market economy) mainly in the Czech(oslovak) economy . to apply knowledge of economic policy to the case of transformation. to be able to work with literature – read critically and analyse selected (compulsory) reading. to improve the ability to discuss and defend own opinions (at the seminars). The course consists of lectures and seminars dedicated to the main topics of the transformation process. The lectures provide the main themes that are consequently dealt with in greater depth and discussed during the seminars. 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.
  • Lectures: 1. economic situation in Czechoslovakia at the end of the 1980s – functioning of the centrally planned system; main economic problems; 2.-4. economic policy during the transformation period – main steps of the economic policy; liberalization measures taken at the beginning of 1991; following measures until 2004; fiscal and monetary policies; 5. economic results achieved – development of the GDP, unemployment and inflation rates; 6. progress of privatisation and development of the banking sector – analysis of the privatisation methods; small and large privatisation; banking sector during the transformation process; 7. analysis of international linkages – international trade, foreign direct investment and the other components of balance of payments; 8. the transformation process in Poland 9. the transformation process in Hungary 10. the transformation process in Bulgaria 11. the transformation process in Slovenia 12. the transformation process in other countries
    required literature
  • ŽÍDEK, Libor. From central planning to the market: The Transformation of the Czech Economy. 1. vyd. Budapest - New York: CEU Press, 2017. 520 pp. ISBN 978-963-386-000-7. URL URL info
  • ŽÍDEK, Libor. Economic Transformation in Slovenia: From a Model Example to the Default. Národohospodářský obzor, Masarykova univerzita, 2016, vol. 16, No 3, p. 159-186. ISSN 1213-2446. doi:10.1515/revecp-2016-0011. URL info
    recommended literature
  • ŽÍDEK, Libor. Evaluation of Economic Transformation in Hungary. Národohospodářský obzor – Review of Economic Perspectives, Brno: Masaryk University, 2014, vol. 14, No 1, p. 55-88. ISSN 1213-2446. doi:10.2478/revecp-2014-0004. URL info
  • ŽÍDEK, Libor. Transformation in Poland. Národohospodářský obzor – Review of Economic Perspectives, Brno: Masaryk University, 2011, vol. 11, No 4, p. 236-270. ISSN 1213-2446. info
Teaching methods
The teaching proceeds in the form of lectures and seminars. Lectures are held regularly. The students have to fill self-correcting exercises in the IS during every week in the semester and gain more than 40% points. The seminars take place every second week. Active participation in the seminars is a necessary condition for allowing a student to pass the exam. Students have to study selected readings in preparation for the seminar. Their knowledge can be tested in a form of a brief test during the seminar.
Assessment methods
The final written test (on computers) is to be taken during the exam period. Any copying, recording or leaking tests, use of unauthorized tools, aids and communication devices, or other disruptions of objectivity of exams (credit tests) will be considered non-compliance with the conditions for course completion as well as a severe violation of the study rules. Consequently, the teacher will finish the exam (credit test) by awarding grade "F" in the Information System, and the Dean will initiate disciplinary proceedings that may result in study termination.
Language of instruction
Further Comments
Study Materials
The course is taught annually.
The course is also listed under the following terms Spring 2016, Spring 2017, Spring 2019, Spring 2020, Spring 2021.
  • Enrolment Statistics (Spring 2018, recent)
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