|
Lecturer(s)
|
-
Horáková Monika, Ing. Ph.D.
|
|
Course content
|
Topics: - Introduction to the study of macroeconomics - neoclassical economics, Keynesian macroeconomics, macroeconomics and the economic crisis. - Measurement of macroeconomic variables - output and its measurement, three approaches to measuring flows in the economy: production, expenditure and income methods, national income, personal and disposable income, magic quadrilateral - inflation and its measurement, unemployment and its measurement, balance of payments and trade. - Monetary aggregates and money market - function and evolution of money, monetary aggregates, equation of exchange and its applications, money market equilibrium, banking system, money supply multiplier. - Macroeconomic equilibrium - AD-AS model - economic equilibrium models, classical economic equilibrium model, Keynesian economic equilibrium model, aggregate and consumer demand and consumption functions, average and marginal propensity to consume, marginal propensity to save, determinants of consumption, expenditure multiplier. - Business cycle and economic growth - economic equilibrium and economic growth, economic strength and country level, sources and barriers to economic growth, business cycle: phases, types and causes of the cycle, consequences of business cycles. - Inflation - price level measurement, price indices, consumer basket, types of inflation, effects of inflation, original Philips curve, short-run and long-run Philips curve, modified Philips curve, Philips curve and inflation expectations. - Unemployment - unemployment rate, types of unemployment, natural rate of unemployment, consequences of unemployment. - International financial markets - currencies and foreign exchange, exchange rate, appreciation and depreciation, revaluation and devaluation, monetary system, purchasing power parity. - Monetary policy - objectives and instruments of monetary policy, expansionary and contractionary monetary policy and its effects, central bank dilemma. - Fiscal policy - instruments and objectives of fiscal policy, government budget, multiplier effect of government purchases and services products, short and long run effects of expansionary and contractionary policies, government debt, budget deficit and economic consequences of government debt. - International trade and external trade and monetary policy - reasons for international trade, implications of international trade on economic processes, external trade and monetary policy, objectives and instruments of external monetary and trade policy, state protectionism in international trade, effect of tariffs, propensity to import. - International context of the development of the Czech economy - economic benefits and costs of the Czech Republic's membership in the European Union and its institutions, economic trends in the development of economies - digital, sharing and circular economy. - International financial institutions and their new role in the world economy - the International Monetary Fund, the World Bank Group, the European Central Bank and the Eurozone, the Organisation for Economic Co-operation and Development. - Economic security - international debt, economic realities of selected countries, economic impact of international conflicts.
|
|
Learning activities and teaching methods
|
- Participation in classes
- 56 hours per semester
- Home preparation for classes
- 19 hours per semester
- Preparation for course credit
- 25 hours per semester
- Preparation for examination
- 25 hours per semester
|
| prerequisite |
|---|
| Knowledge |
|---|
| The course Macroeconomics builds on students' knowledge from the course Microeconomics. |
| The course Macroeconomics builds on students' knowledge from the course Microeconomics. |
| learning outcomes |
|---|
| explain the nature of basic macroeconomic variables |
| explain the nature of basic macroeconomic variables |
| list the objectives and instruments of macroeconomic stabilisation policies |
| list the objectives and instruments of macroeconomic stabilisation policies |
| describe the impact of macroeconomic stabilisation policies on the national economy |
| describe the impact of macroeconomic stabilisation policies on the national economy |
| characterise the importance and impact of foreign trade on the economy |
| characterise the importance and impact of foreign trade on the economy |
| analyse the development of macroeconomic variables with implications for the national economy |
| analyse the development of macroeconomic variables with implications for the national economy |
| Skills |
|---|
| convert theoretical knowledge into graphical and mathematical expressions |
| convert theoretical knowledge into graphical and mathematical expressions |
| calculate basic macroeconomic variables |
| calculate basic macroeconomic variables |
| assess the impact of macroeconomic stabilisation policies on the national economy |
| assess the impact of macroeconomic stabilisation policies on the national economy |
| propose solutions to improve macroeconomic reality in relation to the acquired theoretical knowledge |
| propose solutions to improve macroeconomic reality in relation to the acquired theoretical knowledge |
| assess economic developments over time and compare with the overlap with the international environment |
| assess economic developments over time and compare with the overlap with the international environment |
| teaching methods |
|---|
| Knowledge |
|---|
| Lecturing |
| Lecturing |
| E-learning |
| E-learning |
| Practice exercises |
| Practice exercises |
| Skills |
|---|
| Practice exercises |
| Practice exercises |
| assessment methods |
|---|
| Knowledge |
|---|
| Written examination |
| Written examination |
| Oral examination |
| Oral examination |
| Grade (Using a grade system) |
| Grade (Using a grade system) |
|
Recommended literature
|
-
Arnold, Roger A. Macroeconomics. Australia, 2019. ISBN 9781337617390.
-
CASE, Karl E., Ray C. FAIR a Sharon M. OSTER. Principles of economics. 2017. ISBN 9781292152561.
-
KRUGMAN, P., R., WELLS, R. Macroeconomics. Fifth edition.. New York: Macmillan Education., 2018. ISBN 978-1-319-18195-6.
-
MANKIW, N., G. Macroeconomics. Tenth edition.. New York: Macmillan international, higher education., 2019. ISBN 978-1-319-24358-6.
-
MANKIW, N. G. Principles of Macroeconomics, 8th Edition. 2021. ISBN 978-1305971509.
|