Priciples of Economics 1

  • Credits: 6
  • Ending: Examination
  • Range: 2P + 2C
  • Semester: winter
  • Year: 1
  • Faculty of International Relations

Teachers

Included in study programs

International Economic Relations

Teaching results

Knowledge:
- In this course, students will learn the basic categorical apparatus and understand the relationship between individual economic phenomena and processes of market economy.
Skills:
- During the seminars, students will gain basic knowledge in the field of teamwork and learn the basics of critical thinking.
Competences:
- The student will acquire competencies in the field of analysis and comparison of the functioning of basic economic systems.

Indicative content

Subject and methodology of economics. Development of economic thought. Economic laws and types of economies. The triad of economic problems. The market and market mechanism: demand, supply, equilibrium price. Elasticity of demand and supply. Decision-making of market participants in perfect and imperfect competition. Entrepreneurship. The market for production factors, income distribution, and quality of life. Sustainable development in the context of microeconomics. Sustainable development goals (SDG).

Support literature

Recommended 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.
4. KRUGMAN, P. – WELS, R.: Economics, 6th edition. Worth Pub., 2021.
5. UNITED NATIONS: Transforming our world: The 2030 Agenda for Sustainable Development. United Nations, 2015 (https://sdgs.un.org/2030agenda).
6. KURATKO, D.F. - HODGETTS, R.M.: Entrepreneurship: Theory, Process, and Practice, 10th Ed., Cengage, 2018.

Requirements to complete the course

Conditions for Course Completion
Requirements to complete the course: individual work, written test, written exam
Seminars 40 %, of which:
Result of the final written exam 60 %
Student Workload (in hours)
Total student workload: 156 hours. Of which:
Attendance at lectures: 26 hours
Attendance at seminars: 26 hours
Activities, tasks and assignments at seminars: 52 hours
Preparation for the exam: 52 hours

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

Date of approval: 11.03.2024

Date of the latest change: 10.07.2025