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Inflation - An Increase in the Supply of Money or Increase in the Price Level? An Impact of the Definiton on the Theory of Costs
Pícha, Petr ; Loužek, Marek (advisor) ; Pikhart, Zdeněk (referee)
This is paper is purely theoretical. It discusses misinterpretation of the term inflation in economic literature. It describes the transformation of the meaning of the term 'inflation' from increase in the money supply to an increase in the general price level based on academic discussion, it lists examples from economic literature where is the term inflation misused or vaguely described and describes the evolution of the theory of inflation -- the quantity theory of money -- throughout history for fitting in the context. In the last chapter, it demonstrates the correctness of its argument that inflation is indeed an increase in the general price level, based on the meaning of the theory of costs of inflation. Work also proposes, for a complete accuracy, using two different terms -- monetary inflation and price inflation.
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Methods of transfer pricing by multinational enterprises in terms of tax administration
BÖHMOVÁ, Dana
The aim of the thesis is the analysis and evaluation of the application of transfer (transfer) the prices used in transactions of multinational enterprises in terms of tax administration. Generally describe the basic principles of the United people, the principle of the arm, the methods of the determination of the transfer pricing and documentation for transfer prices in accordance with the international rules and standards laid down by the Organization for economic cooperation and development, in accordance with the laws and guidelines of the Czech Republic. Furthermore, this thesis seeks to clarify the specific case studies, which are based on the practice of financial management, and the case-law, the effects of the determination of the transfer pricing methods, comparison of their advantages and disadvantages in establishing transfer prices in the Czech Republic. At the conclusion of the thesis summed up the results and recommend the adoption of more appropriate legislation in each of the areas of transfer pricing in the Czech Republic.
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Pricing and price strategies on the example of real business project
Eichlerová, Jana ; Zeman, Jiří (advisor) ; Filipová, Alena (referee)
The thesis aims to define processes and strategies in pricing as the one of the marketing mix tools, to appraise the customer segmentation as inseparable tool for finding profitable price and to prove its meaning and applicability at the real business project. First chapter is dealing with the definition of price and micro-economical perspective on price and price determination. It observes, what influences the price and price perception. It represents the price as a component of marketing tools and is pointing out at overlooking of this tool at several studies. The second chapter is focusing on pricing itself, explaining its principles, pillars and models with sub-chapter focused on pricing of internet services, regarding to the practical section of the thesis. The basis of effective pricing is segmenting customers and observing their needs and hopes. That is the reason for assessing the segmentation, its types and processes in the last, third chapter. Practical section of the thesis guides the reader through real business project with innovative business goal to create an internet space with real properties. The thesis should prove the advisability and importance of pricing and the proper price communication.
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Crude oil co-movement with other representatives of energy and non-energy commodity markets
Mustivaya, Julia ; Baruník, Jozef (advisor) ; Jánský, Ivo (referee)
Financialization of crude oil and its frequent inclusion into investment portfo- lios raise the demand for proper correlation estimates of this commodity and other financial assets. This thesis particularly examines the co-movement of crude oil price with prices of four other representatives of commodity market (gasoline, natural gas, gold and Industrials Index). It contributes to the exist- ing literature by the results obtained from application of wavelet coherence, which allows uncovering dynamics of interconnection between commodity prices in time as well as over different frequencies. Analysis brings many in- teresting findings and practical implications. Among others, it specifies the investment horizons that should be considered to maximize diversification properties of studied commodities. 1
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Psychology of pricing
Bimaj, Arjola ; Král, Petr (advisor) ; Olšanová, Květa (referee)
Price is the element of the marketing mix that has direct effect in the profits of a company. The right price can boost the profit and the wrong price can significantly shrink it. Thus, the businesses need to set the right price in order to maximize their revenues. However, the newest factors in the economic field, the continuous changes in the environment and the current financial situation in the world has eroded the pricing power and forces the managers to look in every direction in order to be able and keep up with the changes. Therefore, the aim of the thesis is to study the psychology of pricing related to the factors that affect the consumers' psychology and behavior when it comes to purchasing decision. The information will be then useful inputs for the companies in order to understand these factors and use them to set the most suitable pricing method for their product.
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Analysis of Market Prices for Residential Properties in the Specific Locality
Petríková, Daša ; Špiroch, Michal (referee) ; Vítková, Eva (advisor)
This bachelor´s thesis analysis the market price of estate and the way of financing. For the first, it defines the basic terms from market of real estates, performs the division of this market based on various criteria and deals with real estate financing options. The practical part is summarized in three parts. The first part is an analysis of the real estate market in Ostrava, then the analysis of apartments in selected city districts for selected criteria related to the average price and in the last part, it proposes an example of way of financing real estate.
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Econometric analysis of oil price
Novotný, Lukáš ; Formánek, Tomáš (advisor) ; Čížek, Ondřej (referee)
This bachelor thesis is focused on econometric analysis of oil price WTI. The purpose of the work is to find what factors have influence on the oil price. These factors are tested by econometric methods and after choosing the selected variables I tried to build up some models which describe the oil price WTI movements. In building up the models I am using econometric approaches to correct the models. The bachelor thesis is divided into 3 main chapters -- two of them are theoretical and the last chapter is practical. In the theoretic parts there is a summary of oil facts, extraction, processing of oil, oil market and there is a description of selected econometric methods. In practical part there are my own models and comments on the results. The resulting models show weaker effect of traditionally expected factors like supply and demand for oil and on the other hand greater influence of other factors like global financial crisis or oil stocks. The bachelor thesis leads to proving some thesis from the used literature. It also shows the complexity of creating oil price.
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Do oil prices affect inflation?
Novotný, Lukáš ; Chytil, Zdeněk (advisor) ; Babin, Jan (referee)
Goal of bachelor thesis is exploration of relationship between development of oil price and inflation in United States of America, Federal Republic of Germany and Japan. Theoretical part is focused on previous research, development of oil price and analysis of prices of oil. My research has been conducted with help of regression and correlation analysis in three time periods in years 1970-1983, 1984-1999, 2000-2014 and is based on quarterly data. Based on development of selected macroeconomic variables is investigated hypothesis that there is small positive correlation between oil price and inflation. This correlation should be strongest in the 80s of last century, than it should be minimalized till turn of millennium, when it should be stronger again. Result of my work verifies the hypothesis about small positive correlation. However development of this correlation was different than I presumed.
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Prices of constructions applied in landscape engineering projects
Kašová, Michaela ; Podhrázská,, Jana (referee) ; Tichá, Alena (advisor)
Thesis theme is Prices buildings in the landscape engineering projects. The work is divided into two parts, theoretical and practical. The theoretical part explains the concepts that appear in the practical part. In the second part is illustrated in the example shown computation overhead, comparing several types of prices that were created using a decoupling of the program, and create cards budgetary indicators for the catalog cost indicators of common facilities landscaping.
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