Course details

Macroeconomics 2

MA2 Acad. year 2015/2016 Winter semester 6 credits

Current academic year

Subject Macroeconomics 2 is the advanced form of the subject Macroeconomics, which is taught in bachelor study program. The goal is the enlargement of economic knowledge, mainly focused on macroeconomic theories. The main topics of the subject are aggregate indicators, the macroeconomic equilibrium including the models of economic equilibrium, the theory of the factor market, money market, business policy and actual economic questions.

Guarantor

Bayerová Vladimíra, Ing., Ph.D.

Language of instruction

Czech

Completion

Examination

Time span

  • 26 hrs lectures
  • 13 hrs exercises

Department

Faculty of Business and Management (FP)

Subject specific learning outcomes and competences

After finishing the course students should be able to understand theoretical basis and principles of economics, in context of contemporary problems.

Learning objectives

The main objective of the course is enlargement of macroeconomic knowledge and intensifying of students' abilities in understanding and solving of actual economics problems.

Prerequisite knowledge and skills

The knowledge of Macroeconomics, Microeconomics and Econometrics is expected.

Study literature

  • HOLMAN, R. Makroekonomie – středně pokročilý kurz. 1. vyd. Praha: C.H. Beck, 2004. 424 s. ISBN 80-7179-764-2.
  • KUČEROVÁ, V., NAVRATILOVÁ, P. Makroekonomie II - Vývoj ekonomického myšlení. 1. vyd. Brno: CERM, 2008. 194 s. ISBN 978-80-214-3742-5.
  • MACH, M. Makroekonomie II, první část. 1.vyd. Praha: VŠE v Praze, 1995. 181 s. ISBN: 80-7079-462-3.
  • MACH, M. Makroekonomie II, druhá část. 1.vyd. Praha: VŠE v Praze, 1995. 252 s. ISBN: 80-7079-498-4.

Fundamental literature

  • HOLMAN, R. a kol. Dějiny ekonomického myšlení. 2. vyd. Praha: C.H.Beck, 2001. 541 s. ISBN 80-7179-631-X.
  • SAMUELSON, P.A. a NORDHAUS, W.D. Ekonomie. 2. vyd. Praha: Svoboda, 1995. 1011 s. ISBN 80-205-0494-X.
  • SCHILLER, B. R. Makroekonomie dnes. 1. vyd. Brno: Computer Press, 2004. 412 s. ISBN 80-251-0169-X.

Syllabus of lectures

  1. The economy of the main stream. 
  2. Quantitative theory - neutrality of money. 
  3. The theory of money, value, price, utility and costs, the marginal theory. 
  4. The theory of capital, interest rates, savings, investment and investment multiplier. 
  5. Imperfect competition, the theory of monopoly, the theory of wealth and externalities. 
  6. The international division of labour, theory of international trade and exchange rates theory. 
  7. The theory of business cycle, real and monetary cycles, economics growth and the models of economics growth (Solow's model of the economic growth, Cob-Douglas's production function). 
  8. The macroeconomic equilibrium, models SI - LL, IS - LM, CC - BB and Modigliani's model. 
  9. Business policy, the business policy failures, reasons and solutions of the economics recessions. 
  10. The theory of human capital, economics in relation to political and sociological questions. 

Syllabus of numerical exercises

  1. Introduction to the course, repeating the elementary macroeconomic knowledge.
  2. Quantity theory of money, transmission mechanism. 
  3. Market for loanable funds. 
  4. External equilibrum state, net exports and imports of capital, exchange rates.
  5. Model Keynesian cross and IS curve design. 
  6. LM curve and IS-LM model for a small open a small closed economy.
  7. Tests

Progress assessment

Study evaluation is based on marks obtained for specified items. Minimimum number of marks to pass is 50.

Controlled instruction

Control of students' attendance and results is fully in competence of the teacher.

Course inclusion in study plans

  • Programme IT-MGR-2, field MMI, any year of study, Elective
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