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Lecturer(s)
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Provazníková Romana, doc. Ing. Ph.D.
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Course content
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Determination of balanced production in two-sector model. Determination of balanced production in three-sector model. Goods market and IS curve, money market (assets) and LM curve, model IS-LM. Efficiency of fiscal and monetary policy in IS-LM model. Net exports and balance in the market of goods and services in the open economy. Balance of payments, BP curve, IS-LM-BP model and balanced production. Basic problems of the exchange rate determination in long and short period. Devaluation (depreciation), current account and level of incomes. Characteristic of aggregate demand and supply. Unemployment, inflation and Phillips curve. Business cycles and economic growth.
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Learning activities and teaching methods
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Monologic (reading, lecture, briefing), Dialogic (discussion, interview, brainstorming), Projection
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Learning outcomes
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The aim of the course is to acquaint the students with the picture of macroeconomics at the contemporary level and depth and provide the students with basic knowledge and methods of macroeconomics. The accent is put on the ability to use acquired knowledge not only at the theoretical level but also at various levels of the national economy.
Students will be able to use acquired knowledge not only in the macroeconomics but also in related fields of the study i.e. microeconomics, public economics etc. Furthermore, students will understand how to apply various approaches in solving essential economic problems and how to select appropriate methods and defend it with necessary arguments.
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Prerequisites
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unspecified
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Assessment methods and criteria
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Oral examination, Work-related product analysis, Discussion
The assignment is granted upon completion of the seminar paper on any given topic. The condition for attendance at the examination is the previous assignment granting. The examination is oral.
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Recommended literature
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BARRO, J. R.:. Macroeconomics. New York: John Wiley and Sons. Inc., 1993.
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DORNBUSCH, R., FISCHER, S.:. Makroekonomie. Praha: SPN a Nadace Economics, 1994.
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FROYEN, R. T.:. Macroeconomics. Theories and Politics. New York: Macmillan Publishing Copany, 1993.
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MACH, M.:. Makroekonomie pro inženýrské studium. Slaný: Melandrium, 2003.
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PAVELKA T. A KOL. Makroekonomie. Moderní přístup. Praha: Management Press, 2007. Praha:management Press, 2007. ISBN 978-80-7261-174-4.
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PROVAZNÍKOVÁ, R., VOLEJNÍKOVÁ, J.:. Makroekonomie - cvičebnice. Slaný: Melandrium, 2002.
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SEKERKA, B.:. Makroekonomie, Praha: Profess Consulting, 2007.
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