Course syllabus HPO - Economic Policy II (FBE - WS 2017/2018)

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Course code: HPO
Course title in language of instruction: Hospodářská politika II
Course title in Czech: Economic Policy II
Course title in English: Economic Policy II
Mode of completion and number of credits: Exam (4 credits)
(1 ECTS credit = 28 hours of workload)
Mode of delivery/Timetabled classes: full-time, 2/1 (hours of lectures per week / hours of seminars per week)
Language of instruction: Czech
Level of course: master continuing
Semester: WS 2017/2018
Name of lecturer: Ing. Pavel Breinek, Ph.D. (examiner, instructor, lecturer, supervisor)
Prerequisites: Final Bachelor Exam
Aims of the course:
The objective of the course is to supply knowledge in macroeconomic policy, especially in the theory and implementation problems. Lectures should give to student information about modern approaches to economic policy.
Course contents:
1.Theory and praxis of macroeconomic policy (allowance 4/2)
a.definition of economic policy
b.reasons for macroeconomic policy
c.areas of macroeonomic policy
d.macroeconomic policy difficulties
e.macroeconomic policy rules

2.Macroeconomic policy in theory (allowance 4/2)
a.classical economics
b.keynesian economics
c.neoclassical economics classical economics keynesian economics

3.Comparison of modern capitalist systems (allowance 4/1)
a.coordination mechanisms
d.types of capitalist systems

4.Stabilization policy (allowance 2/1)
a.definition of stabilization policy
b.macroeconomic distorsions and self regulatory mechanism of economy
c.theory of business cycle

5.Fiscal policy (allowance 4/2)
a.definition of fiscal policy
b.effects of fiscal policy on agregate demand
c.long term effects of fiscal policy
d.budget deficit
e.public debt
f.budgetary rules for fiscal policy

6.Monetary policy (allowance 6/3)
a.definition of monetary policy
b.standard approach to monetary policy
c.monetary policy with endogenous money supply
d.monetary policy effects on economic activity
e.monetary policy restrictions
f.monetary policy regimes

7.Macroeconomic policy in open economy (allowance 2/2)
a.definition of macroeconomic policy in open economy
b.macroeconomic policy and balance of payment
c.stabilization policy in open economy

8.Growth policy (allowance 2/1)
a.theory of economic growth
b.determinants of economic growth
c.recommendations for growth policy

Learning outcomes and competences:
Generic competences:
-ability to analyse and synthesize
-ability to apply knowledge
-ability to communicate with professionals in different field of study
-ability to solve problems
-general knowledge
-science and research skills

Specific competences:
-Student is able to assess necessity of government interventions.
-Student is able to describe the main problems of economic policy implementation
-Student is able to explain the effects of economic policy decisions.
-Student is able to review government economic policy strategy.

Type of course unit: required
Year of study: Not applicable - the subject could be chosen at anytime during the course of the programme.
Work placement: There is no compulsory work placement in the course unit.
Recommended study modules: -
Learning activities and study load (hours of study load):
Type of teaching methodDaily attendance
Direct teaching
     lecture28 h
     practice14 h
     consultation2 h
     preparation for exam50 h
     preparation for regular assessment8 h
     preparation for regular testing10 h
Total112 h
Assessment methods:
Student has to pass midterm exam in the end of semester. The minimum is 25 point from 50. Otherwise, student has to write patch test under the same conditions. The exam has two part, namely written and oral. The maximum points of exam test is 50 points and student has to obtain at least 25 points. Otherwise, student has to write exam test again. Student has only three attemps. After passing exam test there is oral part of exam. Part-time students do not pass midterm test.
Recommended reading:
TypeAuthorTitlePublished inPublisherYearISBN
RQBREINEK, P.Hospodářská politika II (středně pokročilý kurz)BrnoMendelova univerzita v Brně2011978-80-7375-554-6
RQKLIKOVÁ, C. -- KOTLÁN, I.Hospodářská politikaOstravaInstitut vzdělávání Sokrates200380-86572-04-8
RQSLANÝ, A. et al.Makroekonomická analýza a hospodářská politikaPrahaC.H. Beck200380-7179-738-3
REBÉNASSY-QUÉRÉ, A. -- JACQUET, P. -- COEURÉ, B.Economic Policy: Theory and PractiseNew YorkOxford University Press2010978-0-19-532273-6
REHOLMAN, R. et al.Dějiny ekonomického myšleníPrahaC.H. Beck200580-7179-380-9
REMANKIW, N G.MacroeconomicsNew York, NYWorth Publishers2009978-1-4292-1887-0


Last modification made by Ing. František Ostřížek on 05/22/2017.

Type of output: