Lecturer(s)
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Mikeska Martin, Ing. Ph.D.
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Course content
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1. Measuring economy 2. Measuring the cost of living 3. Production and growth 4. Saving, investment and the financial system 5. Unemployment 6. The monetary system 7. Money growth and inflation 8. Open-economy macroeconomics 9. A macroeconomic theory of the open economy 10. Aggregate demand and aggregate supply 11 The Influence of Monetary and Fiscal Policy on Aggregate Demand 12 The Short-Run Trade-off between Inflation and Unemployment
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Learning activities and teaching methods
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Lecturing
- Participation in classes
- 52 hours per semester
- Term paper
- 20 hours per semester
- Preparation for course credit
- 35 hours per semester
- Home preparation for classes
- 25 hours per semester
- Preparation for examination
- 48 hours per semester
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prerequisite |
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Knowledge |
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Knowledge of basic chart types (pie, bar, time series) |
Knowledge of basic chart types (pie, bar, time series) |
Knowledge of graphs of two variables - coordinate system |
Knowledge of graphs of two variables - coordinate system |
Knowledge of causality, cause and effect |
Knowledge of causality, cause and effect |
Skills |
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Ability to characterize curves in a coordinate system, direct and inverse proportionality |
Ability to characterize curves in a coordinate system, direct and inverse proportionality |
Ability to describe slopes and shifts of curves within graphs |
Ability to describe slopes and shifts of curves within graphs |
learning outcomes |
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Knowledge |
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characterize the basic principles of economic thinking |
characterize the basic principles of economic thinking |
define basic macroeconomic terms, variables and their relationships |
define basic macroeconomic terms, variables and their relationships |
explain the basic ways of measuring macroeconomic variables |
explain the basic ways of measuring macroeconomic variables |
describe the economic models of closed and open economies |
describe the economic models of closed and open economies |
provide a comprehensive explanation of aggregate demand and aggregate supply in the context of fiscal and monetary policy |
provide a comprehensive explanation of aggregate demand and aggregate supply in the context of fiscal and monetary policy |
Skills |
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calculate basic macroeconomic variables and indicators |
calculate basic macroeconomic variables and indicators |
analyze the development of basic macroeconomic variables |
analyze the development of basic macroeconomic variables |
apply basic macroeconomic principles and laws |
apply basic macroeconomic principles and laws |
interpret the development of selected basic macroeconomic variables in time |
interpret the development of selected basic macroeconomic variables in time |
teaching methods |
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Knowledge |
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Lecturing |
Lecturing |
Dialogic (Discussion, conversation, brainstorming) |
Dialogic (Discussion, conversation, brainstorming) |
E-learning |
E-learning |
Skills |
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Exercises on PC |
Exercises on PC |
Methods for working with texts (Textbook, book) |
Methods for working with texts (Textbook, book) |
Dealing with situational issues - learning in situations |
Dealing with situational issues - learning in situations |
assessment methods |
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Knowledge |
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Grade (Using a grade system) |
Grade (Using a grade system) |
Composite examination (Written part + oral part) |
Composite examination (Written part + oral part) |
Recommended literature
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Carlin, Wendy. Macroeconomics : imperfections, institutions, and policies. Oxford : Oxford University Press, 2006. ISBN 978-0-19-877622-2.
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KRUGMAN, P.R., WELLS, R. Macroeconomics. New York: Worth Publishers, 2015. ISBN 978-1-4641-1037-5.
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MANKIW, N. G. Macroeconomics 10th ed.,. 2019. ISBN 978-1-319-24358-6.
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MANKIW, N. G. Principles of Macroeconomics, 8th Edition. 2021. ISBN 978-1305971509.
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Schumpeter, Joseph Alois. Business cycles : a theoretical, historical, and statistical analysis of the capitalist process. 1st ed. Chevy Chase : Bartleby's Books ; Mansfield Centre : Martino Publishing, 2005. ISBN 1-57898-556-0.
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Wickens, Mike. Macroeconomic theory : a dynamic general equilibrium approach. Princeton : Princeton University Press, 2008. ISBN 978-0-691-11640-2.
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