Course syllabus HPO - Economic Policy II (FBE - WS 2018/2019)


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Course code:
HPO
Course title in Czech: Economic Policy II
Course title in English:
Economic Policy II
Semester:
WS 2018/2019
Mode of completion and number of credits:
Exam (4 credits)
Mode of delivery and timetabled classes:
full-time, 2/1 (hours of lectures per week / hours of seminars per week)
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:
Ing. Jitka Doležalová, Ph.D.
Course supervising department:
Faculty: Faculty of Business and Economics
Teachers:
Ing. Jitka Doležalová, Ph.D. (examiner, instructor, lecturer, supervisor)
Ing. Aleš Franc, Ph.D. (examiner, instructor, lecturer, tutor)
Prerequisites:
 
Timetable in this semester:
DayFrom-till
Room
TeacherEntryFrequencyCapacity
Monday
15.00-16.50
Q03
J. Doležalová
Lecture
Every week
200
Friday
7.00-8.50Q48J. Doležalová
Seminar
Odd week
30
Friday
9.00-10.50
Q48J. DoležalováSeminar
Odd week
30
Friday
9.00-10.50
Q48J. DoležalováSeminarEven week
30
 
Aim of the course and learning outcomes:
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 content:
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
d.
new classical economics
e.
new keynesian economics

3.Comparison of modern capitalist systems (allowance 4/1)
 
a.coordination mechanisms
b.
institutions
c.
capitalism
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 activities and teaching methods:
Type of teaching methodDaily attendance
lecture
28 h
practice14 h
consultation
2 h
preparation for exam
10 h
preparation for regular assessment
8 h
preparation for regular testing
8 h
Total
70 h
 
Assessment methods:
Student has to fill autocorrection exercises duting the semestr and be active at the seminars, for which he gets point assessment (max 140+40=180 points and min 88 points). Student can write one of autocorrection exercise once again if he receives less than 21 points. The exam is based on essay writing. Student can receive max 100 points. From all three activities (autocorrection exercises, activity at the seminars, and essay writing), student has to have in sum at least 168 points (60%).
 
Assessment criteria ratio:
Requirement type
Daily attendance
Total
0 %
 
Recomended reading and other learning resources:
Basic:
ACEMOGLU, D. -- ROBINSON, J A. Economic origins of dictatorship and democracy. Cambridge [u.a.]: Cambridge Univ. Press, 2009. 416 p. ISBN 978-0-521-67142-2.
ACEMOGLU, D. Introduction to modern economic growth. Princeton: Princeton University Press, 2009. 990 p. ISBN 978-0-691-13292-1.
PIKETTY, T. Capital in the Twenty-First Century. -: MA: Belknap Press, 2014. 697 p.
BARRO, R J. Macroeconomics: a modern approach. Mason, OH: Thomson South-Western, 2008. 492 p. ISBN 0-324-54567-3.
MANKIW, N G. Macroeconomics. 7th ed. New York, NY: Worth Publishers, 2009. 598 p. ISBN 978-1-4292-1887-0.
BRYNJOLFSSON, E. -- MCAFEE, A. The second machine age: work, progress, and prosperity in a time of brilliant technologies. 1st ed. New York: W.W. Norton & Co., 306 p. ISBN 978-0-393-23935-5.

Course listed in study plans for this semester:
Field of study C-EPA-FIM Finance and Investment Management, full-time form, initial period SS 2017/2018
Field of study C-EPA-UAD Accounting and Taxes, full-time form, initial period SS 2017/2018
Field of study C-EPA-FIM Finance and Investment Management, full-time form, initial period WS 2018/2019
Field of study C-EPA-UAD Accounting and Taxes, full-time form, initial period WS 2018/2019
Field of study C-EPA-PA Public administration, full-time form, initial period WS 2018/2019
 
Course listed in previous semesters:
Teaching place:
Brno


Last modification made by Ing. Jiří Gruber on 10/19/2018.

Type of output: