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The purpose of the paper is to map the economic theory of Gary Becker. The first part outlines the life of Gary Becker. The second part analyses his economic approach to human behavior. The third part covers the economics of discrimination. The fourth part examines the human capital theory. The fifth part is concerned with crime and punishment. The sixth part deals with economics of the family. The seventh part outlines economics of life. [ABSTRACT FROM AUTHOR]

The paper is discussing CNB FX intervention and its impact on all segments of Czech financial markets from process and volumes of transactions point of view and possible consequences. The focus is on foreign exchange, bond and stock market. Although the impact of FX intervention was evident on all markets under discussion, it was not so significant having macroeconomic effects. The only exception is the FX market. The Czech National Bank contributed to the widening gap between market and equilibrium exchange rate. The undervalued Czech currency will have a temporal positive impact on the macroeconomic external balance. [ABSTRACT FROM AUTHOR]

The paper describes the development of household consumption expenditures from a longer perspective. Currently, there are available data for more than forty years and it means that lots of information about changes in structure and main tendencies can be studied. Since the emphasis is put on the comparable time series, it was necessary to prepare transformation of original data into national accounts. Historical figures on private consumption were published in line with the Material Product System that is not fully comparable with the System of National Accounts. Data on private consumption reflecting only material part of consumption had to be transformed into household consumption expenditures covering both expenditures for material and non-material products. The process of transformation of original data reflecting socialist statistical system is briefly described, as well as main differences. Key points of transformation are illustrated on selected years. Finally, original data are compared with reconstructed ones and differences are explained. The analysis provides useful information about main changes in consumption expenditures by CZ-COICOP. Finally, some often discussed issues like the relative increase of expenditures connected with housing, decrease of the share of foodstuff etc. can be proven now. [ABSTRACT FROM AUTHOR]