Economic Policy

Teachers

Included in study programs

Teaching results

Knowledge:
• Students will be able to identify situations where state intervention in the economy is justified.
• Students will get acquainted with the economic policy instruments and the mechanism of operation of these instruments.
• Students will be able to orientate themselves in the goals and principles of economic policy and will understand the social framework of economic policy.
• Students will understand the importance of the quality of the institutional framework of the economy.
Skills:
• In seminars, students will acquire basic skills to work with relevant data and analytically evaluate the results.
• Students will understand the basic approaches to ways of analyzing economic problems and proposing measures/policies.
Competences:
• Students will be able to recognize situations where state intervention in the economy is justified.
• Students will understand the options available to the state to deliberately guide economic development.
• Students will gain the ability to critically evaluate the possibilities of deploying economic policy measures and the risks associated with it.

Indicative content

1) State and markets in a democratic society
2) Institutions and the exercise of power to meet economic objectives
3) Principles and objectives in economic policy
Macroeconomic policies:
4) Fiscal policy
5) Monetary policy
6) The effect of budgetary and monetary policy in stabilizing the economy
Microeconomic policies:
7) Competition policy
8) Structural policy
9) Employment and labor market policy
10) Income policy
11) Development of economic policy around the world
12) Milestones of economic policy in Slovakia

Support literature

The Core Team: Economy, Society and Public Policy. COREECON, Electric Books Works.
Lukáčik, J. a kol. 2013. Hospodárska politika – teória a prax. Bratislava: Sprint 2, 2013.

Requirements to complete the course

20% - exercises and activities during seminars
20% - test during seminars
60% - final exam

Student workload

156 h (participation in consultations 24h, preparation for consultations and semester test 58h, elaboration of continuous tasks and activities 26 h, preparation for the final exam 48h)

Language whose command is required to complete the course

Slovak

Date of approval: 10.02.2023

Date of the latest change: 03.01.2022