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Minimum wage is a tool for regulating the labor market that, over the long term, causes controversy in the areas of both economic theory and practice. The goal of this paper is to present and analyze key theoretical economic approaches to the functioning of the labor market and the tools used to regulate it. These regulatory tools significantly influence the labor market’s allocative efficiency, and we generally consider the institution of minimum wage to be fundamental part of this trend. Therefore, in this paper...

The article deals with the National Qualifications Framework tertiary education in the Czech Republic and its implementation. The theoretical part of the article deals with so-called descriptors. These descriptors are outputs from learning and we use them to describe general abilities, knowledge and skills, which students learn in given subject. The aim of the practical part of the article is to present the way of solutions and outcomes of the project „The innovation of Microeconomics course with a focus on the ch...

Quantification of corruption rate in smaller regional areas is still a considerably unexplored territory not only in the Czech Republic but also all over the world. The definition of possible consequences of corruption, eventually their exact quantification is also a sphere which was investigated only at general level of a country in the past and regional extension is still missing in the detailed analysis of corruption. Subnational distinction of a territory in terms of corruption rate could provide a completely ...

On 1st May 2014 we commemorate the tenth anniversary of the entry of the CzechRepublic into the European Union (EU). Benefits which the Czech Republic gained thanks to the EU membership are indisputable. The Czech Republic became a member of an important integral group and integrated so into democratic European countries struggling for meeting their common targets – to support peace, democratic values and high-quality life of their inhabitants - life guaranteed by the dynamic and competitive European economy. Th...