Course: Macroeconomics I

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Course title Macroeconomics I
Course code MUE/1MA1E
Organizational form of instruction Lecture + Seminar
Level of course Bachelor
Year of study not specified
Semester Summer
Number of ECTS credits 6
Language of instruction English
Status of course Compulsory
Form of instruction Face-to-face
Work placements This is not an internship
Recommended optional programme components None
Lecturer(s)
  • Mikeska Martin, Ing. Ph.D.
Course content
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

Learning activities and teaching methods
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
prerequisite
Knowledge
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
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
Knowledge
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
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
Knowledge
Lecturing
Lecturing
Dialogic (Discussion, conversation, brainstorming)
Dialogic (Discussion, conversation, brainstorming)
E-learning
E-learning
Skills
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
Knowledge
Grade (Using a grade system)
Grade (Using a grade system)
Composite examination (Written part + oral part)
Composite examination (Written part + oral part)
Recommended literature
  • Carlin, Wendy. Macroeconomics : imperfections, institutions, and policies. Oxford : Oxford University Press, 2006. ISBN 978-0-19-877622-2.
  • KRUGMAN, P.R., WELLS, R. Macroeconomics. New York: Worth Publishers, 2015. ISBN 978-1-4641-1037-5.
  • MANKIW, N. G. Macroeconomics 10th ed.,. 2019. ISBN 978-1-319-24358-6.
  • MANKIW, N. G. Principles of Macroeconomics, 8th Edition. 2021. ISBN 978-1305971509.
  • 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.
  • Wickens, Mike. Macroeconomic theory : a dynamic general equilibrium approach. Princeton : Princeton University Press, 2008. ISBN 978-0-691-11640-2.


Study plans that include the course
Faculty Study plan (Version) Category of Branch/Specialization Recommended year of study Recommended semester