Selected aspects of cohesion policy of European Union

This project is structured into three parts. The first one describes fundamental information about EU which serve as the base for the further analysis. It is focused on institutional framework of the Union and also freedom of movement for goods, services, persons and capital in the unique market. Except of the description of prime principles, there are as well outlined current failures and reforms which could solve them. Strategy of cohesion policy, its goals, tools and financial scope are explained in the text. The second chapter shows impacts of structural policy of EU on the Czech Republic economy. This article will be engaged in questions of structural funds redistribution through Operating programmes, net balance on financial transfers between the Czech Republic and the EU budget and the impact of this transfers on the Czech economic growth. The last theoretical part researches in addition to effects of cohesion policy also further important aspect of the european integration - participation in the unique market. General economic models as Solow model or 2x2 model are exploited and extended by aspects of integration. Subsequently there are researched impacts on allocation effectiveness and welfare of member countries. The purpose of the project is to map the process of sources redistribution in EU, show its uselessly huge administrative severity, consider about its effects and benefits and describe wider contexts of cohesion policy.