Course detail
Macroeconomics 2
FP-PmakKAcad. year: 2016/2017
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.
Language of instruction
Number of ECTS credits
Mode of study
Guarantor
Department
Learning outcomes of the course unit
Prerequisites
Co-requisites
Planned learning activities and teaching methods
Assesment methods and criteria linked to learning outcomes
The scale of the resulting classification:
A: 90-100 points
B: 80-89 points
C: 70-79 points
D: 60-69 points
E: 50-59 points
F: less than 50 points
Course curriculum
The economy of the main stream
The money market, quantitative theory - neutrality of money
The theory of value, price, utility and costs, the marginal theory
The theory of capital, interest rates, savings, investment and investment multiplier
The international division of labour, theory of international trade, balance of payment, exchange rates theory and external equilibrium
The economic equilibrium, models AS–AD, IS–LM, Modigliani’s model, Mundell-Fleming’s model
The labour market, natural rate of unemployment, Phillips curve theories
The theory of business cycle, real and monetary cycles
The economics growth and the models of economics growth (Solow’s model of the economic growth, Cob-Douglas’s production function, theory of the endogenous growth)
Business policy, the business policy failures, reasons and solutions of the economics recessions
The theory of human capital, economics in relation to political and sociological questions
Work placements
Aims
Specification of controlled education, way of implementation and compensation for absences
Recommended optional programme components
Prerequisites and corequisites
Basic literature
KUČEROVÁ, V., NAVRATILOVÁ, P. Makroekonomie II - Vývoj ekonomického myšlení. 1. vyd. Brno: CERM, 2008. 194 s. ISBN 978-80-214-3742-5. (CS)
MACH, M. Makroekonomie II, druhá část. 1.vyd. Praha: VŠE v Praze, 1995. 252 s. ISBN: 80-7079-498-4. (CS)
MACH, M. Makroekonomie II, první část. 1.vyd. Praha: VŠE v Praze, 1995. 181 s. ISBN: 80-7079-462-3. (CS)
Recommended reading
SAMUELSON, P.A. a NORDHAUS, W.D. Ekonomie. 2. vyd. Praha: Svoboda, 1995. 1011 s. ISBN 80-205-0494-X. (CS)
SCHILLER, B. R. Makroekonomie dnes. 1. vyd. Brno: Computer Press, 2004. 412 s. ISBN 80-251-0169-X. (CS)
Classification of course in study plans
- Programme MGR-KS Master's
branch MGR-PFO-KS , 1 year of study, winter semester, compulsory
Type of course unit
Lecture
Teacher / Lecturer
Syllabus
2. The theory of money and the money market, the quantity theory of money, the theory of neutrality of money.
3. The theory of capital, interest, savings, consumption and investment.
4. Market for loanable funds.
5. External balance of state, net exports and imports of capital.
6. Balance of payments, the theory of international trade and exchange rates.
7. Macroeconomic equilibrium, general markets equilibrium.
8. Model IS-LM for a small closed economy.
9. Model IS-LM for a small open economy and complete Keynesian model.
10. The balance of the labour market, the natural rate of unemployment, human capital theory.
11. The theory of business cycles, real and monetary cycles.
12. Economic growth and the models of economic growth.
13. Economic policy, economic policy failures, causes and possible solutions to the economic recession. Economy in speaking to political issues and sociological issues.