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Separable Utility Functions in Dynamic Economic Models
Sladký, Karel
In this note we study properties of utility functions suitable for performance evaluation of dynamic economic models under uncertainty. At first, we summarize basic properties of utility functions, at second we show how exponential utility functions can be employed in dynamic models where not only expectation but also the risk are considered. Special attention is focused on properties of the expected utility and the corresponding certainty equivalents if the stream of obtained rewards is governed by Markov dependence and evaluated by exponential utility functions.
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Relations between central banks and commercial banks
Kubo, Aleš ; Bakeš, Milan (advisor) ; Karfíková, Marie (referee)
RELATIONS OF CENTRAL BANK TO TRADING BANKS Diploma paper First chapter is called The Introduction. This chapter describes the content of my diploma paper. Two basic ideas are mentioned here too: 1. Banking regulation and supervision are necessary in our system. 2. Banking regulation and supervision must be flexible and easy to check all the time. Second chapter is called The Banking System. This chapter defines what the banking system is. It consists of banking institutions and relations among these institutions. That`s why the banking system has two components - institutional component and functional component. Institutional component of banking system implies every single bank. The bank can be specified in two ways (economical and legal): 1. The bank conducts business and manipulates with money (economical). 2. The bank is an institution with banking licence (legal). Functional component of banking system comprises arrangement of all relations among banking institutions. It is proper to make differences among single stage, two stage and three stage banking systems. There are two types of two stage banking system - universal and specialized. Basic criteria of bank specialization are territory, sector, clients and offered bank products. Third chapter is called The Banking Regulation. This chapter is divided...
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Technical professions and their employability. (Expectations of students and graduates associated with the future work praction).
Řízková, Martina ; Francová, Tereza (advisor) ; Novotná Hoffmannová, Anna (referee)
This study discusses the lack of technical professions at the labour market which is experienced by employers in industry areas. It describes the economic situation in the Czech Republic and characterises the labour market, its structure and labour force requirements. It mainly focuses on the analysis of tertiary education. The study also points out possible future development in these industries, for comparison is the analyse in other EU countries enclosed. The research, which is one of the main parts of this work is focused on the university students and graduates with technical specialization. The aim of this study is to suggest possible measures and recommendations in the area of personal strategy and scarce workers approach in the market.
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Financial impacts of the economic crisis on Czech festivals of classical music
Jelínek, Jakub ; Riedlbauch, Václav (advisor) ; Mikan, Pavel (referee)
The main objective of this thesis is to map and interpret the financial impacts of the economic crisis on a selected group of classical music cultural events by describing the influence of the possible decline in financial resources on their output and efficiency. The first part of the thesis presents the theoretical basis of culture financing and cultural policy in the Czech Republic and sums up the fundamental economic theories of the behaviour of economy during economic crisis, thus providing a starting point for further interpretation of the performance of these organizations. The second part of this thesis comprises qualitative research of possible variables on a representative sample of classical music festivals. The research is carried out through a content analysis of their annual reports and a secondary analysis of other data provided by relevant institutions. The final section of the thesis attempts to evaluate the impact of the economic crisis on the cultural sector, to confirm or disprove the initial premises and to evaluate generally the financial stability of the Czech classical music festivals.
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Kvalita právního prostředí a ekonomická výkonnost balkánských států
Ftoreková, Michaela
The aim of the bachelor thesis is to evaluate how the quality of governance affected the economic output of the Balkan countries from 2002 through 2012. Partial indicators, such as Heritage Foundation's Index of Economic Freedom and the World Bank's The Worldwide governance indicators are used to measure the quality of governance and the level of corruption. The interdependence between governance and the economic output (GDP per capita) is quantified by means of correlation and regression analysis. The discussion part consists of three questions. The first question deals with how the involvement of the Balkan countries in the EU integration process affected their governance. The second question looks into the differences between individual post socialist countries as to how their governance influenced their economic output. The final question discusses what effect the governance of the Balkan countries had on their competitiveness. The results indicate that improving governance has a positive effect on the economic output of the Balkan countries.
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The analysis of the regional budget economy in the Czech Republic and application on the capital city of Prague
Dušátková, Klára ; Peková, Jitka (advisor) ; Matula, Miloš (referee)
The aim of this thesis is to investigate the management of budgets in the regions of the Czech Republic and in the capital city of Prague between the years of 2003 and 2013. Comparison is made between the capital city of Prague, Central Bohemian Region and South Moravian Region. The thesis opens with description of historical and legislative framework and continues with strong reference to the theory of public finance. The research shows that the most important source of revenues for the regions are financial transfers. Majority of Prague's income comes from public tax revenues. Current expenditures are the most prominent outlay of the regions and of Prague, too. The regional and Prague's total debt has grown continuously over the researched period. Strong impact on the budget economy has had the global economic crisis which has influenced the budgets since 2009.
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Chile at the beginning of the 21st century - current economic situation and perspectives
Barková, Veronika ; Pavlík, Petr (advisor) ; Sudliankou, Aliaksandr (referee)
The thesis deals with the chilean economy, its development, current economic situation, integration in international relations and future pespectives. The first chapter summarizes the basic information about the Reublic of Chile including the history of the country that significantly influenced its current face. The second part focuses on chilean macroeconomic situation including the foreign trade and investments. The third chapter analysis the chilean integration in global economy and the cooperation with the most important trade partners - the European Union, the USA and China. The last part is concerned with the nowadays problems, challenges and future perspectives where the impact of the recent global economic crisis and the destructive earthquake cannot be missed out.
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Project technology of production components "Sprocket - wheel"
Haluška, Ladislav ; Rumíšek, Pavel (referee) ; Žák, Ladislav (advisor)
The main aim of this thesis is proposing of acceptable technology with manufacture for a part of chain sprocket of the material 11 500, which is designated for a small light motorcycle with a cubature at most 50 cm. It is the prototype, now. The work is specialized on a technology of precision cutting with a pressure edge, at first. This is use for a technology. The component of this work is needed the literary study, calculating and drawing documentation and technical – economic valuation. Et the end of this work, you can see all attachments and all sources, which I used for this work.
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Hydraulics forceps for heavy manipulators: compare of design welding or casting constrution
Burian, Viktor ; Šubrt, Kamil (referee) ; Knoflíček, Radek (advisor)
This bachelor´s thesis discusses forging manipulators and their use in free forging. It describes principle of functionality and structure of these machines, which serves as a special accessory for forming machines. It describes the construction technology of casting and welding structures. It executes proposal of casting and welding construction pincers for selected load capacity and the basic design calculations are made according to this proposal. Then, these structures are evaluated in technical and economical view.
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The impact of the economic cycle to finance the defense of the Czech republic in years 2004-2014
Heres, Ondřej ; Chmelová, Pavla (advisor) ; Strejček, Ivo (referee)
This bachelor work examines the impact of economic performance on financing the defense sector in the Czech Republic in the years 2004-2014. The main questions are whether this influence is clear and the extent to which is essential for funding this sector. The work also provides a basic overview about development and structure of the Ministry of Defence budget in these years. The theoretical part contains theories of business cycle and public sector and briefly introduces the basic institutions that are tasked to provide a defense. The analytic part analyzes the expenditures and revenues of the Ministry of Defence and assesses their mutual influence and simultaneously the influence of GDP on these indicators. To compare with previous findings, the GPD growth rate and the growth rate of defense expenditures in selected countries of NATO are analyzed in brief in the last chapter. While findings based on data from the Ministry of Defence have rather anticyclical development of defense expenditures, in selected countries of NATO, the development is more procyclical. It highlights the very ambiguous impact of the economic cycle on expenditures in the defense sector.
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