FP-makKAcad. year: 2022/2023
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
Learning outcomes of the course unit
Planned learning activities and teaching methods
Assesment methods and criteria linked to learning outcomes
Form of examination – written examination. The student can obtaim a maximum of 100 points.
The scale of the resulting classification:A: 90-100 pointsB: 80-89 pointsC: 70-79 pointsD: 60-69 pointsE: 50-59 pointsF: less than 50 points
Content: The economy of the main streamThe money market, quantitative theory - neutrality of moneyThe theory of value, price, utility and costs, the marginal theoryThe theory of capital, interest rates, savings, investment and investment multiplierThe international division of labour, theory of international trade, balance of payment, exchange rates theory and external equilibriumThe economic equilibrium, models AS–AD, IS–LM, Modigliani’s model, Mundell-Fleming’s modelThe labour market, natural rate of unemployment, Phillips curve theoriesThe theory of business cycle, real and monetary cyclesThe 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 recessionsThe theory of human capital, economics in relation to political and sociological questionsSyllabus of tutorials:Introduction to the course, repeating the elementary macroeconomic knowledgeQuantity theory of moneyValue theory, international tradeMarket for loanable funds, money market, external equilibrum stateExchange RatesModel IS-LM
Specification of controlled education, way of implementation and compensation for absences
Control of students' attendance and results is fully in competence of the teacher.
Recommended optional programme components
Prerequisites and corequisites
HOLMAN, R. a kol. Dějiny ekonomického myšlení. 4. vyd. Praha: C. H. Beck, 2017. 576 s. ISBN 978-80-7400-641-8.
MANKIW, G. Macroeconomics. 10th edition. New York: Worth Publishers, 2019. 656 p. ISBN 978-1-3191-0599- 0.
MANKIW, G. Principles of Economics. Cengage Learning, 9th edition, 2020, 864 p. ISBN 978-0-3570-3831-4.
Classification of course in study plans
, 1. year of study, winter semester, compulsorybranch MGR-ŘEP-KS
, 1. year of study, winter semester, compulsorybranch MGR-PFO-KS
, 1. year of study, winter semester, compulsory
Guided consultation in combined form of studies
Teacher / Lecturer