Macro economical development of East Germany and Czech republic after the 2. World War

There are two countries I will focus on in my bachelor thesis: East Germany and Czech Republic and their macroeconomical development after The Second World War. In the theoretical part I describe the main processes that define macroeconomy such as national accounts, gross domestic product, gross national income, balance of payments, economic growth, inflation, unemployment and fiscal and monetary policy. These factors help me to describe the economical development of these countries in the times of Socialism, when their economies were regulated from one center. They were important members of the Warsaw Pact. Then I capture the situation after the fall of the Berlin Wall, thereafter the both countries had to transform to market economy, and the state wasn't the only participant on the market anymore. The transformation, as a considerable event for further development of the countries, is unique in both of these countries, that is why they need to be addressed separately