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The development of household consumption in the Czech Republic
 Pěnička, Jan ; Pavelka, Tomáš (advisor) ; Rusmichová, Lada (referee)
This Bachelor thesis deals with the development of household consumption in the Czech Republic , especially in macroeconomic terms . The aim of the Bachelor thesis is to explore the evolution over time and assess the impact of growth / decline of wages to consumption. The theoretical part describes the brief development of theories of consumption and also explains the basic concepts related to the topic. The practical part is based on the information mentioned in the theoretical part. It focuses on the relationship between selected macroeconomic variables and household consumption. Keynesian consumption function for the current and real prices is derived using regression analysis. The hypothesis, which assumes that the change in the average wage leads to a change in consumption, was proved. The second hypothesis, which assumes a reduction in consumption due to an increase in unemployment, could not be confirmed. Household consumption has been reduced in all monitored EU countries due to economic crisis.
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