OVp023 Economics for Teachers 1

Faculty of Education
Autumn 2023
Extent and Intensity
0/2/0. 2 credit(s). Type of Completion: z (credit).
Taught in person.
Mgr. Ing. Peter Marinič, Ph.D. (seminar tutor)
PhDr. Mgr. Radim Štěrba, Ph.D., DiS. (seminar tutor)
Guaranteed by
Mgr. Ing. Peter Marinič, Ph.D.
Department of Civics – Faculty of Education
Contact Person: Jitka Autratová
Supplier department: Department of Civics – Faculty of Education
Timetable of Seminar Groups
OVp023/01: Mon 8:00–9:50 učebna 6, P. Marinič
OVp023/02: Thu 11:00–12:50 učebna 10, P. Marinič
OVp023/03: Thu 16:00–17:50 učebna 24, P. Marinič
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
The aim of the course is to acquaint students with the central microeconomic and macroeconomic concepts within the current concept of economics. Put these concepts into the development of economic thinking with a connection to selected important personalities shaping this development. Also to acquaint students with alternative concepts that seek solutions to current problems with respect to their ethical principles.
Learning outcomes
After completing the course the student will be able to:
- define basic economic concepts within the current approach to economics
- explain the functioning of economic models describing selected economic areas
- justify the use of tools within individual economic models
- argue the use of appropriate economic tools in solving practical examples from practice
- clarify the development of economic thinking and its contribution to the current economic concepts
- identify important personalities of economic thinking and critically evaluate their contribution to the economics
  • 1) Basic economic concepts; introduction to the history of economic thought
    (microeconomics, macroeconomics, goods and economic rarity; assumptions of economic models, homo oeconomicus; Xenophon, Aristotle; T. Aquinas; Physiocrats - F. Quesnay, Mercantilists - T. Mun; Philosophy of Natural Law - J. Lock, D. Hume)
  • 2) Classical political economy, marginalists and neoclassical school
    (A. Smith; D. Ricardo; J. B. Say; T. R. Malthus; J. S. Mill; H. H. Gossen; W. Jevons; L. Walras; V. Pareto; A. Marshall; A. Pigou)
  • 3) Historical school; Socialism; Marx; Neoliberalism
    (F. List; B. Hildebrand, G. Schmoller; M. Weber; T. More; T. Campanella; H. Saint-Simon; K. H. Marx; F. A. Hayek, L. E. Mises)
  • 4) Keynesianism, neo-Keynesianism, post-Keynesianism, Monetarists
    (J. M. Keynes; P. Samuelson; J. Robinsnova ;, F. Harrod; E. D. Domar; G. Mankiw ;, M. Friedman; I. Fisher)
  • 5) Forming demand and supply
    (needs, preferences, utility, budgetary constraints, consumer optimum, individual and market demand; costs and their breakdown, producer optimum, individual and market supply; elasticity)
  • 6) Market and market structures
    (market and economic system, market mechanism, market structures - perfect competition, monopolistic competition, oligopoly, monopoly)
  • 7) Markets for production factors, unemployment and inflation
    (labor, land, capital; labor market, wages; types and effects of unemployment; types and causes of inflation; Phillips curve)
  • 8) Gross domestic product and economic cycle
    (GDP and GNP; consumption theory; economic cycle; sources of economic growth)
  • 9) Fiscal policy
    (public budgets, automatic stabilizers, fiscal multipliers, public debt)
  • 10) Money and monetary policy
    (money development, money supply and demand, money multiplier, money markets; financial markets; central bank and banking system, monetary policy instruments)
  • 11) International trade and open economy
    (absolute and comparative advantage, exchange rate and monetary system, balance of payments)
  • 12) Alternative economic directions
    (externalities, transaction costs, game theory, company theory, institutional economics)
    required literature
  • HOLMAN, Robert. Základy ekonomie : pro studenty vyšších odborných škol a neekonomických fakult VŠ. 3. vydání. V Praze: C.H. Beck, 2015. xv, 368. ISBN 9788074000072. info
  • FUCHS, Kamil and Ján LISÝ. Dějiny ekonomického myšlení. Elportál. Brno: Masarykova univerzita, 2009. ISSN 1802-128X. URL info
  • SAMUELSON, Paul A. and William D. NORDHAUS. Economics. Praha: NS Svoboda, 2007. 800 pp. 18. vydání. ISBN 978-80-205-0590-3. info
  • HOLMAN, Robert. Dějiny ekonomického myšlení. 3. vyd. Praha: C.H. Beck, 2005. xxv, 539. ISBN 8071793809. info
  • FRANK, Robert H. and Ben BERNANKE. Ekonomie. Translated by Helena Fialová. 1. vyd. Praha: Grada, 2003. 803 s. ISBN 8024704714. info
  • KVASNIČKOVÁ, Alžběta. Dějiny ekonomického myšlení : (vybrané kapitoly). 1. vyd. Praha: Rego, 1999. 256 s. ISBN 8090187226. info
  • BUCHHOLZ, Todd G. Živé myšlenky mrtvých ekonomů : úvod do moderních ekonomických teorií. Translated by Jaroslav Rek. Praha: Victoria Publishing, 1993. 1 sv. ISBN 8085605503. info
    recommended literature
  • MADDISON, Angus. The world economy. Edited by Angus Maddison. Paris, France: Development Centre of the Organisation for Economic Co-operation and Development, 2006. 653 s. ISBN 9264022619. URL info
  • MANKIW, N. Gregory. Zásady ekonomie. Praha: Grada, 2000. 763 s. ISBN 80-7169-891-1. info
  • BUCHHOLZ, Todd G. New ideas from dead economists (Orig.) : Živé myšlenky mrtvých ekonomů : úvod do moderních ekonomických teorií. Plume, 1990. info
Teaching methods
Discussion, explanation, individual/team work.
Assessment methods
The course is completed by fulfiling requirements based on successful completion of continuous tests
Language of instruction
Further Comments
Study Materials
The course is taught annually.
The course is also listed under the following terms Autumn 2019, autumn 2020, Autumn 2021, Autumn 2022.
  • Enrolment Statistics (recent)
  • Permalink: https://is.muni.cz/course/ped/autumn2023/OVp023