PRINCIPLES OF ECONOMICS 1

Teachers

Included in study programs

Teaching results

Knowledge
• Students will acquire a fundamental understanding of economic categories and relationships between various economic phenomena and processes in the market economy.
Skills
• Through seminars, students will develop teamwork skills and basic critical thinking abilities.
Competencies
• Students will gain competencies in analyzing and comparing the functioning of fundamental economic systems.

Indicative content

Subject and methodology of economics. Development of economic thoughts. Economic laws, types of economies. A triad of economic problems. Market and market mechanism, demand, supply, equilibrium price. Elasticity of demand and supply. Decision-making of market subjects in perfect and imperfect competition. Production factors market, income distribution and quality of life.

Support literature

Basic literature:
1. ČAPLÁNOVÁ, A. a kolektív: Ekonómia. Praha: Wolters Kluwer, 2022.
2. DARMO, Ľ. A kolektív: Ekonómia: praktikum. Praha: Wolters Kluwer, 2022.
Supplementary Literature:
1. HOLMAN, R.: Ekonomie. 5. vydanie. Praha: Nakladat. C. H. Beck. 2011.
2. FRANK, R. H. - BERNANKE, B. S.: Ekonomie. Praha: Nakladatelství C. H. Beck, 2011.
3. MANKIW, N.G.: Zásady ekonómie. Praha : Grada Publishing, 2009.

Requirements to complete the course

Requirements to complete the course: individual work, written test, written exam
Seminars 40 %, of which:
Home assignment 8 %
Seminar activities and short written tests 12%
Mid-written exams 20 %
Result of the final written exam 60 %

Student workload

Total student workload: 156 hours. Of which:
Attendance at lectures: 26 hours
Attendance at seminars: 26 hours Preparation for seminars: 13 hours
Preparation for written tests of quantitative and graphical tasks: 39 hours
Preparation for the exam: 52 hours

Language whose command is required to complete the course

slovak

Date of approval: 11.03.2024

Date of the latest change: 12.06.2025