Sylabus předmětu MA2 - Intermediate Macroeconomics (FBE - SS 2019/2020)


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Course code: MA2
Course title in Czech:
Intermediate Macroeconomics
Course title in English:
Intermediate Macroeconomics
Semester: SS 2019/2020
Mode of completion and number of credits:
Exam (5 credits)
Mode of delivery and timetabled classes:
full-time, 2/2 (hours of lectures per week / hours of seminars per week)
part-time, 16/0 (lectures per period / seminars per period)
Level of course:
master continuing
Course type:
required
Type of delivery:
usual, consulting
Mode of delivery for our mobility students abroad:
-- item not defined --
Language of instruction:
Czech
Course supervisor:
Course supervising department: Department of Economics (FBE)
Faculty:
Teachers:
Ing. Aleš Franc, Ph.D. (lecturer)
Ing. Veronika Kajurová, Ph.D. (examiner, instructor)
Bc. Ing. Marek Litzman, Ph.D. (examiner, instructor, lecturer)
Ing. Michal Mádr, Ph.D. (examiner, instructor)
doc. Ing. Petr Rozmahel, Ph.D. (examiner, lecturer, supervisor)
Prerequisites: Final Bachelor Exam and not Uznaný předmět pro obor REO
 
Timetable in this semester:
Day
From-tillRoom
Teacher
Entry
Frequency
Capacity
Monday15.00-16.50
Q48
M. Litzman
Seminar
Every week
31
Tuesday
9.00-10.50
Q01P. Rozmahel, M. LitzmanLecture
Every week
170
Wednesday
9.00-10.50Q32
Seminar
Every week
30
Thursday
13.00-14.50
Q48Seminar
Every week
30
Thursday15.00-16.50
Q48
M. Mádr
Seminar
Every week
30
Friday9.00-10.50
Q48
Seminar
Every week30
Friday
14.00-17.50
Q22
P. Rozmahel, A. FrancLecture
Occasionally
60
 
Aim of the course and learning outcomes:
The objective of the course is to develop knowledge of students at the level of Intermediate Macroeconomics. The course focuses on real economy analysis using short-term as well as long-term equilibrium models of the main stream economics. The course explains determinants of macroeconomic equilibrium applying the models of closed and open economy. The course also deals with the analysis and interpretation of macroeconomic policy impacts. The course aims at developing students' abilities to link and apply various theoretical approaches to real issues of contemporary economic development.
 
Course content:
1.Introduction into Macroeconomics II (Intermediate macroeconomics) (allowance 2/2)
 
a.Fundamental terms and linkages
b.
History of economic thought, Main stream economics

2.
Long-run equilibrium models (allowance 8/8)
 
a.
Goods and services market equilibrium: Consumption and saving functions
b.
Goods and services market equilibrium: Investment and net export function
c.Money market, inflation
d.
External equilibrium, balance of payments, exchange rate determinants

3.
Long-run economic growth (allowance 4/4)
 
a.
Solow neoclassical model
b.
Endogenous growth model
c.Contemporary approaches

4.Short-run economy equilibrium models (allowance 10/10)
 
a.
IS-LM model: Closed economy in a short run
b.
Monetary and fiscal policy in the IS-LM model
c.
Open economy, IS-LM-BP model, Mundell-Fleming model
d.
Aggregate supply models
e.
Phillips curve, inflation, unemployment
f.Business cycles

5.Macroeconomic policy (allowance 4/4)
 
a.
Monetary policy
b.
Fiscal policy

Learning activities and teaching methods:
Type of teaching method
Daily attendance
Combined form
lecture
28 h
0 h
practice
28 h
0 h
consultation
0 h
16 h
preparation for exam
50 h
124 h
preparation for regular testing
34 h
0 h
Total
140 h
140 h
 
Assessment methods:
The internal students are obliged to pas two partial written tests, during the study periods. Reaching minimum at 25 points of the total 50 is required to at the credit. In case of failure students can resit (retake) the test. The course is completed by the final examination consisting of the written and oral parts. To pass the written exam, reaching the minimum at 50% of total points is required. The conditions of final examinations are identical for the external as well as internal students.
 
Assessment criteria ratio:
Requirement type
Daily attendanceCombined form
Total
0 %
0 %
 
Recomended reading and other learning resources:
Basic:
HOLMAN, R. Makroekonomie: středně pokročilý kurz. 2nd ed. Praha: C.H. Beck, 2010. 424 p. Beckovy ekonomické učebnice. ISBN 978-80-7179-861-3.
MANKIW, N G. Macroeconomics. 7th ed. New York, NY: Worth, 2009. 598 p. ISBN 978-1-4292-3812-0.
MANKIW, N G. Principles of Economics, 6th edition. USA: South-Western Cengage Learning, 2012. 856 p. ISBN 978-0-538-45305-9.

Recommended:
DORNBUSCH, R. -- FISCHER, S. -- STARTZ, R. Macroeconomics. 9th ed. Boston: McGraw-Hill/Irwin, 613 p. ISBN 0-07-282340-2.
BARRO, R J. Macroeconomics : a modern approach. Mason, OH: Thomson South-Western, 2008. 492 p. ISBN 978-0-324-54567-8.
BURDA, M C. -- WYPLOSZ, C. Macroeconomics: a European text. 6th ed. 2013. 573 p. ISBN 978-0-19-960864-5.
ŠEVELA, M. Makroekonomie II: středně pokročilý kurz. 2nd ed. V Brně: Mendelova univerzita, 2012. 202 p. ISBN 978-80-7375-609-3.

Course listed in study plans for this semester:
Field of study C-EM-ME Business Economics and Management, full-time form, initial period WS 2019/2020
Field of study C-EPA-UAD Accounting and Taxes, full-time form, initial period WS 2019/2020
Field of study C-EPA-FIM Finance and Investment Management, full-time form, initial period WS 2019/2020
Field of study C-EM-ME Business Economics and Management, part-time form, initial period WS 2019/2020
Field of study C-EM-ME Business Economics and Management, full-time form, initial period SS 2019/2020
Field of study C-EPA-FIM Finance and Investment Management, full-time form, initial period SS 2019/2020
Field of study C-EM-ME Business Economics and Management, part-time form, initial period SS 2019/2020
Field of study C-EPA-UAD Accounting and Taxes, full-time form, initial period SS 2019/2020
 
Course listed in previous semesters:
Teaching place: Brno


Last modification made by Ing. Jiří Gruber on 02/10/2020.

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