Czech

3

Not applicable.

Students will understand the active monetary policy of the Central Bank, they will deepen their knowledge of the monetary the theory and theory of interests, inflation regulation, direct and indirect instruments of monetary policy, expansive and restrictive monetary policy, intervention, monetary conversion.

This course is a follow-up to the monetary theory, interests theory, money market, financial assets market, expansive and restrictive monetary policy, model IS-LM, process of generating deposits and further, mostly macroeconomic topics.

Not applicable.

Teaching methods depend on the type of course unit as specified in the article 7 of BUT Rules for Studies and Examinations.

The course is concluded by an credit in the form a written test.

1. Money, monetary theory, evolution and emission of money,
2. History of monetary policy on the czech countries
3. Banking system, development of central bank
4. Central bank on the Czech Republic
5. Central bank balance – assets and liabilities structure
6. Central bank monetary policy, monetary aggregates
7. Instruments of monetary policy, money stability
8. Central bank as the banking system controller
9. Monetary theory of demand
10. Monetary theory of supply
11. Inflation, demand-pull inflation, supply-side inflation
12. Czech National Bank and national changeover plan on the Czech Republic
13. Coment about financial crisis in years 2008 - 9

Not applicable.

The main objective of the course is to provide students with the necessary knowledge of principles, goals, instruments and efficiency of monetary policy. Another goal is to deepen student’ knowledge in the field of banking system and monetary policy in the Czech Republic and abroad.

Control of participation in lectures is fully in teacher’s competence

Not applicable.

Not applicable.

REVENDA,Z. a kol., Peněžní ekonomie a bankovnictví,1.vyd., Praha Management Press, 1996,613s., ISBN 80-85943-06-9 (CS)
REVENDA,Z., Centrální bankovnictví, 2., rozšířené vyd., Praha Management Press, 2001,782 s., ISBN 80-7261-051-1 (CS)

HOLMAN, R, a kol. Ekonomie, 1.vyd., Praha C.H.Beck, 1999,726s., ISBN80-7179--255-1 (CS)
LIŠKA ,V, a kol. Makroekonomie, 2.vyd. Praha Professional Publishing,2004,628 s., ISBN 80-86419-54-1 (CS)
ŽÁK ,V, a kol. Základy hospodářské politiky,3. vyd., Praha VŠE, 1996, 324s., ISBN 80-7079-160-8 (CS)

26 hours, optionally

 Money, monetary theory, evolution of money,
 Financial market, forms of money issue,
 Banking system, development of central bank
 Central bank on the Czech Republic and EU,
 Central bank balance – assets and liabilities structure
 Central bank monetary policy, monetary aggregates
 Instruments of monetary policy, money stability
 Central bank as banking system controller
 Monetary theory of demand
 Monetary theory of supply
 Inflation, demand-pull inflation, supply-side inflation
 Monetary policy in an open and closed economies
 Future of central banks