Course detail

Market Economy

FP-BMEEAcad. year: 2023/2024

The Market Economy is based on knowledge of the principles of market economics and is designed to give students an overview of the most important findings and theories in the field of behavior of all economic entities that economic theory defines as the aggregate of households, firms and the state. This is the interpenetration and interlinking of knowledge, which are generally divided into two areas: microeconomics and macroeconomics.

Language of instruction


Number of ECTS credits


Mode of study

Not applicable.

Entry knowledge

Prerequisites: knowledge of economics acquiered on the secondary school level.

Rules for evaluation and completion of the course

Student will pass the seminars if he/she will score minimum of 15 points. The maximum is 30 points.
Evaluation of the seminars consists of three parts:
1. final test – it’s evaluated a maximum of 25 points, the minimum is 50%.
2. active attendance - maximum of 5 points.

Successful completion of a credit test on topics covered in seminars. Active participation in lectures and seminars. Form of examination: written test. The integrated knowledge of microeconomics and macroeconomics in principal connections is considered. Grading is awarded according to the Rules for Studies and Examination valid at BUT and reflects student’s performance.
The scale of the resulting classification:
(student may gain from exercise 30 points and max.70 points of the test, a total of 100 points)

A: 90-100 points
B: 80-89 points
C: 70-79 points
D: 60-69 points
E: 50-59 points
F: less than 50 points
Attendance at lectures and seminars will not be checked.


Účelem předmětu je osvojení a uspořádání základních znalostí z oblasti ekonomické teorie. Na základě seznámení se základními pojmy mikroekonomie a makroekonomie posluchači porozumí logice tržního procesu a působení tržních mechanizmů v každodenním životě. Hlavním cílem je analýza reálných jevů z tržního prostředí a při návrhu řešení uplatnit získané znalosti.

The outputs of the course are knowledge in the area of ​​economic theory with an emphasis on market environment and the use of basic economic models. On this basis, students will be able to analyze real economic phenomena and propose possible solutions and measures to improve the situation and mitigate the negative impacts of economic phenomena from both microeconomic and macroeconomic.

Study aids

Not applicable.

Prerequisites and corequisites

Not applicable.

Basic literature

MANKIW, G. N. Principles of Economics. 7th ed. Cengage Learning, 2014. 880 p. ISBN 128516587X.
SAMUELSON, P.A. a NORDHAUS, W.D. Economics. 19th edition . McGraw-Hill Education, 2009. 744 p. ISBN 978-0073511290.

Recommended reading

FRANK, H. R., BERNANKE, B. S. Principles of Economics, Brief Edition. 2nd ed. New York. The Mcgraw-Hill. 2010, 878 s.ISBN 978-0073511436
STIGLITZ, J. E. Freefall: free markets, and the sinking of the world economy. London: Penguin Books, 2010, 443 s. ISBN 978-0-14-104512-2.

Classification of course in study plans

  • Programme BAK-E Bachelor's

    branch BAK-ESBD , 1. year of study, winter semester, compulsory

  • Programme BAK-ESBD Bachelor's, 1. year of study, winter semester, compulsory

Type of course unit



26 hours, optionally

Teacher / Lecturer


13 hours, optionally

Teacher / Lecturer