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What is the equilibrium exchange rate of the Czech koruna?
Jančovič, Pavel ; Baxa, Jaromír (advisor) ; Semerák, Vilém (referee)
The aim of this thesis is to estimate bilateral equilibrium exchange rate of the Czech koruna relative to Euro and to determine if the Czech currency is undervalued or overvalued relative to the market equilibrium. We employ fundamental (FEER) and behavioral (BEER) equilibrium exchange rate models, which enables to measure the currency position relative to the market rate. To tackle the uncertainty of the implied equilibrium exchange rates that differ among alternative specifications of the models, we aggregate the estimates via principal components analysis. The perception on the market is that Czech koruna is undervalued, since the intervention regime imposed by the Czech National Bank in the 2013, was defending the exchange rate floor of 27 Czech korunas to Euro. Then, we extend conventional specifications of BEER models for variables representing exchange rate interventions and forward rates offered on the market because both can have protracted effects not only on spot rates but on adjustment towards long-term equilibrium as well. The original models with fundamental factors show equilibrium exchange rate near to 25 CZK/EUR. However, extended models with interventions show higher equilibrium exchange rate, near to 27 CZK/EUR. Thus, there is possibility of slow adjustment near to the...
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Stochastic modelling of epidemics
Drašnar, Jan ; Staněk, Jakub (advisor) ; Hlubinka, Daniel (referee)
This thesis uses a simple deterministic model represented by an ordinary di- fferential equation with two equilibrium points - depending on the initial state the illness either vanishes or persists forever. This model is expanded by adding some diffusion coefficients leading to different stochastic differential equations. They are analyzed to show how the choice of diffusion coefficients changes be- havior of the model in proximity of its equilibria and near the boundary of area with biological meaning. The theoretical results are than illustrated by computer simulations. 1
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Postural stabilization and balance - theoretical background and definitions (literature review)
Uhlíková, Jana ; Rašev, Eugen (advisor) ; Maršáková, Kateřina (referee)
Title: Postural stabilization and balance - theoretical background and definitions (literature review) Objectives: The aim of this theses is to investigate the present situation of theoretical background of postural stabilization and balance and find out the differences between both of these phenomenons. The theses should summarize the current literature including the newest studies. Furthermore, it discusses the most used computerized measurements methods for assessing balance and postural control. Methods: The theses has character of literature review. It is divided into several parts. The beginning introduces the theoretical background. The descriptive and analytical chapter discuss the most used computerized measurement methods for assessing balance and postural control. The discussion summarizes the current situation and results of the theses. Results: The total amount of the 104 studies was found, but only 12 of them met the criteria of the theses. Currently the most used methods for assessing balance and postural control are the computerized dynamic posturography and the visual feedback posturography. In the published studies there were found several differences in the methods of posturography. Even, there was revealed ideological diversity in the authors' opinions and disunity in...
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The influence of alpine skiing on balance
Volejníková, Nikola ; Pavlů, Dagmar (advisor) ; Novotná, Irena (referee)
Title: The influence of alpine skiing on balance Author: Nikola Volejníková Objective: The aim of this work was to study the available literature, to characterize alpine skiing from its inception through biomechanics and physiological demands for skiers to characteristics of the individual disciplines. At the same time characterize motor skills in whole and focus on the main reference factor: the balance ability. The main objective of this work was to perform an experiment on two groups: experimental and control group. The aim of the experiment was to test the influence of alpine skiing on the balance and if there is the potentiality to improve the results of balance tests by only one week of intense skiing. The results of the experimental group were compared with the control group. Method: Measurement was carried out using the GymTop USB and one test for measuring static equilibrium. The main group consisted of 10 subjects selected from the participants of the ski-instructor course APUL "C" and measurement took place in two phases - before the course and after a week of intense duration of the course. An important criterion for the selection of subjects was their good health with no on-going acute musculoskeletal diseases. Only one year younger injuries were the reason for non-inclusion in the...
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Mythic structures and religious motives in the universe of StarCraft computer game series.
Michalič, Robert ; Kostičová, Zuzana (advisor) ; Petříček, Miroslav (referee)
The goal of this work is to provide the reader with an interpretation of races, factions and storyline of the Starcraft game series universe from the perspective of religious studies and to set its results into context of modern spiritual beliefs collectively called New Age. First part of the work analyzes narrative elements which are found in races and factions of Starcraft univerze and reaches the conclusion that through them the game operates with religiously relevant classification categories of purity and dirtiness, order and chaos. The second part utilizes these results in an analysis of narrative structures understood as relations and interactions between particular races and factions, and shows that categories of order and chaos/purity and dirtiness are functionally analogous to Victor Turner's categories of structure and anti-structure. Conclusion of this analysis claims that Starcraft thematizes the problem of one's oppozite's prevalence over the other. The third part summarizes conclusions of both previous parts, gives examples of order/chaos relations in historical religions and shows how narrative structures present these beliefs as problematic. Subsequently this work points out the identical beliefs celebrating the balance between opposites found in New Age, tries to explain the...
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Competitive Balance the of selected football leagues in Europe, their development and comparison
Mráček, Václav ; Šíma, Jan (advisor) ; Procházka, Jan (referee)
Title: Competitive Balance of the selected football leagues in Europe, their development and comparison. Goals: Determining the competitive balance in the six top European football competitions. This is a Czech Gambrinus liga, Dutch Eredivisie, German Bundesliga, Austrian Bundesliga, Ukrainian Premier liha Hungarian OTP liga, compare to competition and an outline of the development trend. Methods: The standard deviation of percentage wins, correlation coefficient, the presentation of results based on percentages, graphs, trends. Results: All results are presented in the analytical part of the work, verify predetermined hypotheses and are an important source of comparison for each event and outline trends. Keywords: Competition, equilibrium, European football league, football league, static balance, dynamic balance, season, club, reform, UEFA, sport, decreased balance, standard deviation, correlation coefficient.
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Strategies and equilibria in game theory
Mutňanský, Michal ; Milota, Jaroslav (advisor) ; Kaplický, Petr (referee)
Game theory is a discipline of applied mathematics that analyses a wide range of decision situations. In this thesis the reader is informed about the basic terms of game theory, some of them are illustrated on simple examples. The two dimensional Brouwer fixed-point theorem is proven using the Hex game. In addition to the formulation and proof of Nash's theorem, the thesis presents several methods for finding Nash equilibrium points, such as the simplex method. Their application to a specific game demonstrates the practical use of these methods. The thesis is intended for readers interested in the game theory, it does not, however, require any previous knowledge of this field of mathematics.
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Analýza rakouské teorie hospodářského cyklu z pohledu komplexní ekonomie
Lanzafame, Alessandra ; Bernat, Lukáš (advisor) ; Pavlík, Ján (referee)
This thesis analyzes the Austrian business cycle theory (ABCT) from the Complexity Economics approach. Complexity Economics is an approach which comes from the complexity science. It has started to develop since 1980s' in Santa Fe Institute, the leading institution engaging in the research of complexity. In the thesis I mention the terms which are bound to Complexity Economics, for example emergence, the "bottom-up", self-organization, bounded rationality etc. The evolution of the markets, networks and nonlinear dynamics are included in Complexity Economics as well. Complexity Economics views an economy as a dynamical system which never reaches the equilibrium unlike the Traditional Economics approach which main focus is on the general equilibrium of the economy. Another difference would be the way of modelling economies in which Complexity Economics is leaving the unrealistic assumptions because it utilizes the agent-based simulations which enable to do that. In the thesis I also focus on the similarities between Austrian and Complexity Economics, for example the heterogeneity of the agents or the emergence of the price system. These and others similarities are then applied in the analysis of ABCT which serves as an example of demonstration that Austrian Economics could provide the theoretical framework for Complexity Economics which aspires to become a new paradigm in economics.
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The comparison of neoclasical and keynesian economics of unemployment
Vinterová, Michaela ; Janíčko, Martin (advisor)
Abstract The aim of my bachelor thesis is to describe in detail the main differences between neoclasical and keynesian theory of unemployment. The first part consists of essential premises of neoclasical theory (being represented mainly by its so called Cambridge School) and narrow desription of their approach to the problems of unemployment. Equally I focus on these premises and find out their consequences for the labour market. In the second part of my thesis, I similarly like in the first part describe the theory of unemployment elaborated by John Maynard Keynes, which could be, at least in general, found in his famous book The General Theory of Employment, Interest, and Money. I would like to aim on the fundamentals, which led Keynes to this theoretical approach and try to find out some of their consequences. In the last part, I am comparing the key determinants of both theories and putting forth their similarities and differences.
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