Study programmes / B-EPA Economic policy and administration / Economic Policy I
Course code:HPO1
Course title in language of instruction:Hospodářská politika I
Course title in Czech:Hospodářská politika I
Course title in English:Economic Policy I
Mode of completion and number of credits:Exam (6 credits)
(1 ECTS credit = 28 hours of workload)
Mode of delivery/Timetabled classes:full-time, 2/1; part-time, 16/0
(full-time, hours of lectures per week / hours of seminars per week; part-time, lectures per period / seminars per period)
Language of instruction:Czech
Level of course:bachelor
Semester:SS 2019/2020 - FBE
Name of lecturer:Ing. Aleš Franc, Ph.D. (supervisor)
Prerequisites:Macroeconomics I
Aims of the course:The aim of the course is to explain the most important economic policies, their goals, instruments and their functioning in the context of changing economic environment. The logic of the course is based on three general functions of economic policy (stabilization, allocation and redistribution) resulting in specific economic policies. Students should be aware of the opportunities and risks of economic policy in solving a particular problem and be able to discuss the future direction of economic policy.
Course contents:
1.Introduction to economic policy (allowance 2/1)
2.Limits of economic policy (allowance 2/1)
3.Introduction to macroeconomic analysis (allowance 2/1)
4.Fiscal policy (allowance 4/2)
5.Monetary policy (allowance 4/2)
6.Trade policy (allowance 2/1)
7.Exchange rate policy (allowance 2/1)
8.Growth policies (allowance 2/1)
9.Competition policy (allowance 2/1)
10.Labor market policy (allowance 2/1)
11.Redistribution, social policy and the welfare state (allowance 2/1)
12.Structural policy (allowance 2/1)

Learning outcomes and competences:
Generic competences:
-ability to analyse and synthesize
-ability to create new ideas (creativity)
-ability to speak and write in mother tongue
-capacity to adapt to new situations
-capacity to learn
-skilled at utilizing and processing information

Specific competences:
-Student is able to assign objectives and instruments to policy makers
-Student is able to name and describe tools of fiscal and monetary politicy (and other types of economic policy)
-Student knows policy makers in the Czech Republic
-Student si able to deduce impact of selected instruments of economic policy into practice

Type of course unit:required
Year of study:Not applicable - the subject could be chosen at anytime during the course of the programme.
Work placement:There is no compulsory work placement in the course unit.
Recommended study modules:none
Assessment methods:Student has to pass an exam. Full-time students have to acquire a credit before passing the examination.
Student must acquire at least 18 points from 30. There are two ways points could be acquired: midterm test (max 30 p.) and activity in seminars (5 p.). There is one opportunity to repair credit - repetition of midterm test.

Part-time students have to work out project.

The exam consists of two parts - written and oral. Student can acquire 30 points from written part in maximum. He/she needs at least 18 points. Points acquired in written part (for full-time student plus points obtained by credit) are reflected in the final evaluation. At the oral examination the student draws one question . The examiner asks another questions.
Learning activities and study load (hours of study load)
Type of teaching methodDaily attendanceCombined form
Direct teaching
     lecture28 h16 h
     practice14 h0 h
     consultation0 h20 h
     preparation for exam80 h110 h
     preparation for regular assessment16 h0 h
     preparation for regular testing30 h0 h
     writing of seminar paper0 h22 h
Total168 h168 h

Basic reading list
  • FRANC, A. -- SLANÝ, A. Hospodářská politika. Brno: Masarykova univerzita, 2015. 312 p.
Recommended reading list
  • BÉNASSY-QUÉRÉ, A. et al. Economic policy: theory and practice. Oxford University Press, 2010. 709 p. ISBN 978-0-19-532273-6.
  • DUŠKOVÁ, J. Hospodářská politika I: úvodní kurz. 1st ed. 136 p. ISBN 978-80-7375-747-2.
  • KLIKOVÁ, C. -- KOTLÁN, I. et al. Hospodářská politika. 3rd ed. Ostrava: Institut vzdělávání Sokrates, 2012. 293 p. ISBN 978-80-86572-76-5.
  • KREBS, V. et al. Sociální politika. 5th ed. Praha: Wolters Kluwer ČR, a. s., 2010. 544 p. ISBN 978-80-7357-585-4.
  • SLANÝ, A. Makroekonomická analýza a hospodářská politika. C.H. Beck, 2003. 375 p. ISBN 80-7179-738-3.
  • TOMEŠ, Z. et al. Hospodářská politika: 1900-2007. 1st ed. V Praze: C.H. Beck, 2008. 262 p. Beckovy ekonomické učebnice. ISBN 978-80-7400-002-7.