Course detail

Theory of Economic Sciences

FP-tevDAcad. year: 2021/2022

The subject "Theory of economic sciences" is divided into two parts: Macro- and Microeconomics. Part Microeconomics pays attention to the rational behaviours of micro-economic subjects on the demand and supply side in dynamic changes. In particular the possibility of applying mathematic tools is emphasized. Part Macroeconomics is devoted to the advanced models of monetary and fiscal policy. The students will develop their knowledge from the master studies.

Learning outcomes of the course unit

Students should be able to understand the interdisciplinar character of economic theory and apply the gained knowledge to the area of his/her Ph.D. studies. Student will be familiar with advanced methods and tools of economic theory, which will support him/her to work in a creative way, argue his/her special standpoints, evaluate variants and make decisions.


Microeconomics I and II
Macroeconomics I and II


Not applicable.

Recommended optional programme components

Not applicable.

Recommended or required reading

SOUKUP, J.: Mikroekonomická analýza (vybrané kapitoly). Slaný: Melandrium, 1999 (CS)
SOUKUPOVÁ, J., HOŘEJŠÍ, B., MACÁKOVÁ, L., SOUKUP, J.: Mikroekonomie. 2. vydání. Praha: Management Press, 1999 (CS)
GRAVELLE, H., REES, R.: Microeconomics. 2nd ed. London and New York: Longman, 1992 (EN)
CHIANG, A.C.: Fundamental Methods of Mathematical Economics. New York: McGraw-Hill, 1990 (EN)
LAIDLER, D., ESTRIN, S.: Indroduction to Micoreconomics. Cambridge: Cambridge Univesity Press, 1989 (EN)
MAS-COLELL, A.: Microeconomic Theory. New York: Oxford University Press, 1995 (EN)
VARIAN, H. R.: Microeconomic Analysis. New York: W.W.Norton and Company, 1992 (EN)
SOJKA, M. a kol.: Dějiny ekonomických teorií. Praha: VŠE Praha, 1991 (CS)
KRAFT, J.:Firma v makroekonomickém prostředí. 2. vydání. Acta Universitatis Purkynianae 92. Ústí nad Labem: UJEP, 2003. (CS)
SOUKUP,J. A KOL. Makroekonomie – Moderní přístup. Praha, Management Press, 2007 (CS)
MACH, M. Makroekonomie III, Pokročilejší analýza. Slaný : Melandrium, 2002 (CS)
MACH, M. Makroekonomie II pro inženýrské studium - 1. část. Slaný : Melandrium, 1998. (CS)
SCHILLER, B.R., The MacroEconomy Today. McGraw-Hill, NY 2006, ISBN 0-07-297961-5 (EN)
Heijdra, B., J. (2009). Foundations of Modern Macroeconomics. New York: Oxford University Press. ISBN 978-0-19-921069-5. (EN)

Planned learning activities and teaching methods

Classes are organized in the form of lectures, seminars and tutorials and self-studies.

Assesment methods and criteria linked to learning outcomes

The final exam is combined (a written test and an oral part). In both Microeconomics and Macroeconomics the lecturer takes into account a comprehensive knowledge of economic theories. The maximum number of points is 10 in each part of the final exam. Each student must obtain at least 7 points for taking the oral exam in both Macroeconomics and Microeconomics.
The next requirement for the final exam is presentation of an assignment to a selected topic in both Macroeconomics and Microeconomics. The assignment is worth of maximum 10 points.
In the overall assessment, the points of the assignment (weight 0.3) and exam (weight 0.7) are added.

Language of instruction


Work placements

Not applicable.

Course curriculum

1. Consumer equilibrium
2. Hicks demand function
3 Consumer behaviors
4 Theory of consumers behavior
5 Prediction of demand
6 Alternative theory of consumer
7 TC function, optional technology
8 Cost optimum
9 Alternative goals of the firm
10 Perfect competitions
11 Imperfect competitions
12 Consumer choice under uncertainly
1 Macroeconomic environment and its impact on the management within a firm
2 Macroeconomic indicators and their impact on business environment
3 Business cycles and the process of planning within a firm
4 Economic growths and its sustainability
5 Fiscal policies and its efficiency
6 Monetary policies and its efficiency
7 Attitudes to the macroeconomic policy
8 The theory of the open economy
9 Balance of payment, international trade, exchanges rates
10 Exchange rates determinants
11 International capital markets
12 Trends in world-wide economic development


The main objective of the course is enlargement of macroeconomic knowledge and intensifying of students' abilities in understanding and solving of actual economics problems.

Specification of controlled education, way of implementation and compensation for absences

The attendance of students on seminars is monitored.

Classification of course in study plans

  • Programme DSP Doctoral

    branch DSP-ŘEP , 1. year of study, summer semester, 0 credits, compulsory

  • Programme DSP-KS Doctoral

    branch DSP-ŘEP-KS , 1. year of study, winter semester, 0 credits, compulsory
    branch DSP-ŘEP-KS , 1. year of study, summer semester, 0 credits, compulsory

  • Programme DSP Doctoral

    branch DSP-ŘEP , 1. year of study, winter semester, 0 credits, compulsory

Type of course unit



20 hours, optionally

Teacher / Lecturer