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Development of economy and economic cycle
Nováková, Aneta ; Brčák, Josef (advisor) ; Frydrych, Jakub (referee)
The bachelor thesis deals with the development of the economy and the economic cycle. The theoretical part is focused on macroeconomic indicators, specifically gross domestic product, inflation and unemployment. Futher are explained aggregate supply, aggregate demand, Okun´s law and Phillips curve. It is described economic cycle, its phases and causes of origin.
The second part is practical, which specifically analyzes on the Czech economy since 1993 the economic cycle. It is tracing the evolution of macroeconomic indicators from 1993 until 2015 and explained his reasons for the decline and growth of marcoeconomic indicators. This analysis is based on the ifluence of gross domestic product, the unemployment situation. Another integral part of the Czech economy copared with selected states of the European Union, to which the Czech Republic exports most of its products. The last point in the practical part of the predicted economic development in the following two years.
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