Rovnováha, stabilita a dynamika hospodárstva z pohľadu ekonomickej teórie
AN EQUILIBRIUM, STABILITY AND DYNAMICS OF THE ECONOMY FROM THE ECONOMIC THEORY POINT OF VIEW

Summary/Abstract: The new government of the SR has announced a stabilization and restructuring pac- kage. Two macroeconomic imbalances were identified – the current account problem and the state budget problem. To understand the imbalances more deeply we concen-trated on the explanation of the equilibrium problem that comes from the theory. In the first part of the article we discussed the problem of economic equilibrium. It is based on macroeconomic position that the economy is in goods-market equilibrium when aggregate supply equals aggregate demand. Money market equilibrium was not discussed. We used the method of comparative statics (equations 9 and 10). In using this method, as it is known, we ignore the question of the time path that our variables may follow as they move from one equilibrium position to another, and the possibly even more fundamental question of whether or not a system that starts out of equilib-rium (because some parameter shifts) will ever move back into equilibrium. We discus the problem of stability of equilibrium in the model of the single compe-titive market. The main stress was on the condition for negative feed back in a single competitive market (Figures 1 up to 4).The mathematical treatment is given in equa-tions 11–19. The condition for the existence of positive or negative feedback in a competitive market are deeply explained.

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