Work detail

The Consequences of new ways measurment of economic welfare for recommendation to economic policy

Author: Bc. Kristýna Hrnčířová
Year: 2011 - winter
Leaders: PhDr. Pavel Štika
Consultants:
Work type: Bachelors
Language: Czech
Pages: 47
Awards and prizes:
Link:
Abstract: Current economic policy, favoring particurarly economic growth as a condition for the growth of well-being, is confronted with empirical evidence that despite this effort, population is not always satisfied. This thesis examines, in addittion to economic growth, also other important economic indicators such as unemployement and inflation, their interrelations and connections of these indicators with the satisfaction of population. It presents reasons for importance of the development of these variables for the satisfaction of residents and to what extent satisfaction can be affected by these variables. Variables are investigated from the perspective of mainstream economics and the economics and happiness. In conclusion, this thesis summarizes recent findings of leading economists on possible revision of economic policy to better reflect present empirical evidence.

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