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Is import of goods from european countries to Czech republic more or less influenced by changes in nominal and real exchange rates than in non european countries?
Vereš, Jan ; Stroukal, Dominik (advisor) ; Slaný, Martin (referee)
This bachelor thesis analyses the connection between import of goods from foreign countries to Czech Republic and the exchange rate changes. The initial hypothesis of this paper is to prove that the depreciation of domestic currency has positive influence on balance of trade balance. For this purpose there is eight econometric models which were created by using time series from years 2003 to 2016. These models are divided in pairs among four chosen countries. For each country two models were created that follow the development of trade balance between Czech Republic and one of the countries in two different time frames. All the models always use the real effective exchange rate, growth rate of GDP for Czech Republic and growth rate of GDP for one of the countries as explanatory variable. It is connected with the second task of this thesis, which is the analysis of the differences in the behaviour of the models that belong to the countries which are members of the EU and these that are not. The aim is to find out whether the existence of tariffs on imported goods from countries out of the EU causes visible differences in the behaviour of the variables that were included in the models. Based on the outcomes of all eight models the main hypothesis has been proved right for three out of four countries. In the models for Germany, China and France the relation of real exchange rate and trade balance came out as positive in long term, in short term the outcome was ambiguous. The second question of this thesis has been answered, but its added value is questionable. The final models for each state do show some noticeable differences and they can be used to determine if the influence of the change of exchange rates on trade balance is smaller or bigger in the countries where tariffs are used. On the other hand, from the results we can learn that the sample of only four countries is insufficient for the deduction of any conclusions.
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Kvantitativní analýza interakcí fiskální politiky a reálné ekonomiky v České republice
Valenta, Vilém ; Hronová, Stanislava (advisor) ; Arlt, Josef (referee) ; Slačálek, Jiří (referee)
After many decades, macroeconomic effects of fiscal policy have returned to the centre of the economic policy debate. Both automatic fiscal stabilizers and discretionary fiscal stimuli have been used to support aggregate demand during the recent global economic crisis with a subsequent need for large-scale fiscal consolidations. In this context, a proper assessment of the size of automatic fiscal stabilizers and fiscal multipliers represents a key input for fiscal policymaking. This dissertation provides a quantitative analysis of the interactions between fiscal policy and real economy in the Czech Republic. The impact of real economy developments on public finances is assessed based on the methods of the OECD, the European Commission and the ESCB for the identification of general government structural balances, i.e. balances adjusted for effects of the economic cycle and net of one-off and other temporary transactions. I find that the underlying fiscal position, as approximated by the government structural balance, was mostly below the level stabilising the debt-to-GDP ratio since mid-1990s. An indistinct improvement in the structural balance can be identified in the period 2004--2007, which was subsequently reversed by the adverse structural impact of the world economic crisis. At the same time, dynamics of unadjusted fiscal balance was largely determined by one-off transactions in the past. The effects of fiscal policy on real economy are analysed using the structural VAR approach. I find that an increase in government spending has a temporary positive effect on output that peaks after one to two years with a multiplier of around 0.6. Tax multiplier appears to be small and, in contrast to standard Keynesian assumptions, positive. Government spending is supportive to private consumption, contradicting the hypothesis of Ricardian equivalence, but it crowds out private investment in the short run. The results should be interpreted with caution, as the analysis is complicated by rapidly changing economic environment in the period of the economic transition, relatively short available time series and a large number of one-off fiscal transactions.
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Google Wave Technology
Michlík, Pavel ; Krček, Petr (referee) ; Poliščuk, Radek (advisor)
The Master’s thesis explains API and features of Google Wave technology, which was designed for flexible real-time collaboration of defined participants. The project aim was description of Google Wave basic elements and creation of sample Wave extensions, demonstrating capabilities of the communication protocol. The first extension (robot) was developed using client libraries in Java. The second extension (gadget) shows another approach of Google Wave extensions, based on XML, HTML, CSS and JavaScript.
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Analysis of real and nominal convergence of the Visegrad Group in the years 2000-2015
Wikturna, Jan ; Strejček, Ivo (advisor) ; Zamrazilová, Eva (referee)
This Bachelor thesis is focused on a macroeconomic analysis of the process of the real and nominal convergence of the Visegrad Group countries to the old member states of the European Union, called EU-15 during the period of 2000-2015. The objective of the analysis is to confirm or disprove the hypothesis that in the selected period there is a convergence of the economically backward V4 countries with the advanced EU-15 countries and to highlight the factors that are behind the narrowing of the gap in economics and price levels. The theoretical part deals with the ways in which we measure and compare the economic performance and economic level, and explains the different approaches of the problem of economic growth and the subsequent catching up effect. The practical part is focused on a comparison of elected macroeconomic indicators and reference is made to the selected factors to determine whether, and for what reasons, the economic convergence of these selected countries made towards the developed countries of the EU-15. The analytical part confirms the ongoing process of the real and nominal convergence throughout the period, but its course is varied during different times of the period. In conclusion, it is found that the rate varied by the convergence processes and in fact positively affected the V4 countries, that joined the European Union. The incoming dynamics of the convergence, especially the prices, were significantly disrupted by the economic crisis.
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Use of distribution of tasks in construction company
Repoň, Patrik ; Fábry, Jan (advisor) ; Skočdopolová, Veronika (referee)
Bachelor thesis deals with distribution of tasks, which have utility in the construction company. The aim is to apply these distribution of tasks to problems with which the construction company often meets, and to reach an acceptable solution that will help to streamline production, save working time or financial recourses. Bachelor thesis is divided into two parts. The first part is a theoretical part, which presents problems in construction companies in general, as well as the application of different types of distribution of tasks. Furthermore, we face mathematical models of these tasks and with description of optimization software LINGO, which we will use to resolve them. In the practical part the distribution of tasks are applied to concrete problems and real data. The final part contains an overall assessment of the results.
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The Sacroiliac Joint Ratio. Determination of Normal Values.
MAŘÍK, Karel
Indices SI joint. Determination of normal values. The present thesis aims to establish normal values in adults without any pathological changes in the SI joint, LS spine and pelvis who are examined at the whole-body bone scintigraphy in the Department of Nuclear Medicine Hospital in Czech Budejovice. The SI joint is examined in patients with suspected inflammation in focusing on the joint activity with the whole-body scintigraphy of the skeleton. Then, using the ROI ratio, the ratio of the activity in the SI joint activity and the sacrum or L spine is calculated. The first hypothesis assumes that people without any pathology changes of the SI joint belong to the range of 1,0?1,4. To determine the normal values, a reference file was created based on data of people whose whole body scintigram showed no pathology in the LS spine and SI joint and without any clinical suspicions of SI joint inflammation. The people selected for this research had not suffered from Bechterew?s disease, pelvic trauma and LS spine, bearing altered bone metabolism in the LS spine or pelvis. Their age at the examination time ranged from 25 to 45 years. Applying the ROI technology, values were obtained from the areas of the right and left SI joint, from the L4 and os.sakrum to verify the second hypothesis. This hypothesis assumes that in order to determinate normal values in the SI joint it is better to make a comparison using os.sakrum than L4. Applying statistical calculations, normal values of the SI joint are determined from these areas. The values will assist in the diagnosis of inflammatory diseases of spine in patients who are examined at the scintigraphy in the Department of Nuclear Medicine Hospital in Czech Budejovice.
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Řízení IS/ICT se zaměřením na sourcing služeb informačního systému
Šebesta, Michal ; Voříšek, Jiří (advisor) ; Havlíček, Zdeněk (referee) ; Příklenk, Oldřich (referee) ; Král, Jaroslav (referee)
Research on outsourcing has been around for several decades, while recent evolution in the information systems discipline towards ICT service commoditization significantly changes the context of decision-making. Services that are available on-demand via the Internet allow organizations implementing functions they demand in a fraction of time. This trend represents a chance for organizations seeking to use advanced ICT services without a need of major investments. Problem is the current lack of guidelines and tools for managing ICT services and their outsourcing. Given the trends on the ICT service market, it is expected that much of the IT management in the future will encompass the ICT services and utilize service-level structures. Methods currently available are either too broad or encompass only small part of the whole problem. Ad-hoc or unsound decisions in this area might cause major complications in terms of quality, usability, integration, and consequently influence total cost of organizational IT. Organizations need to either revise existing models or propose and implement completely new models to manage their IS/ICT. This thesis deals with the management of IS/ICT with focus on the ICT services outsourcing. It discusses available sourcing models in the literature and links them to the various interconnected areas. Based on these areas, it presents an integrated view on IT outsourcing strategies. Most importantly the thesis proposes an original concept for decision-making about outsourcing of ICT services named the SOURCER framework. This approach utilizes the presented outsourcing strategies, and introduces a complex methodology and decision-making criteria that will assist organizations with selection of ICT services in order to maintain and manage a most suitable ICT service portfolio. The decision-making is based on four essential viewpoints: function, costs, time, and quality. These viewpoints are discussed, individually analyzed, and serve as a basis for further research. The whole framework is developed and validated according to Design Science Research Methodology (DSRM). Individual components are evaluated using a survey among a group of selected IT managers. Proof of concept is then established by a case study on framework use in a real organization. This case study covers strategy specification, business--IT alignment, specifying service architecture and its interconnections, outsourcing, and management of the ICT service portfolio.
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Fyzikální systém pro tvorbu her
Cséfalvay, Szabolcs ; Kronus, David (advisor) ; Holan, Tomáš (referee)
In the present work we ivestigate the functioning of a real-time physics engine. We also take a look at the problematics associated with the creation of such an engine, the methods that can be used to accelerate collision detection and increase the stability of the system. The current implementation of the engine can handle collisions between spheres and cylinders (without the top and the bottom), resting contact forces between objects, compound objects and springs.
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Rationalization project of workplace for Hot-water Heater welding
Varjan, Matúš ; Heinl, Zdeněk (referee) ; Rumíšek, Pavel (advisor)
The aim of the thesis is to rationalize the water heaters welding area in Tatramat company - ohrievače s.r.o. The rationalization consists of three parts. The first part deals with the arrangement of the workplaces, the second part re-evaluates the monthly production planning. The third part describes in detail the production of one type, which based on simulations created in the simulation software Witness, compares the recorded time in company informartion system Orfert to the real production time in the operation. Each individual part offers optimization proposals and merging them into one unit, will create an efficient, transparent and economically value adding rationalization of the water heaters welding area.
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