Course syllabus MKA - Macroeconomic Analysis (FBE - SS 2019/2020)


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Course code:
MKA
Course title in Czech:
Macroeconomic Analysis
Course title in English:
Macroeconomic Analysis
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)
Level of course:
master
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:
Faculty of Business and Economics
Teachers:
Bc. Ing. Marek Litzman, Ph.D. (examiner, instructor, lecturer, supervisor)
Prerequisites:
 
Timetable in this semester:
DayFrom-till
Room
Teacher
Entry
Frequency
Capacity
Monday9.00-10.50
Q22
LectureEvery week74
Tuesday9.00-10.50
Q35
Seminar
Every week
25
Tuesday
11.00-12.50
Q35
Seminar
Every week
25
 
Aim of the course and learning outcomes:
Based on knowledge of economic theory, the student is able to predict the impacts of macroeconomic changes and events on the external environment of the firm. The student is able to read in macroeconomic data, to understand important contexts between variables, and to understand and interpret reports on macroeconomic development, all with an emphasis on the relation to corporate practice.
 
Course content:
1.
Introduction to Macroeconomic Analysis (allowance 2/2)
 
a.
Introduction to the subject, concept and basic principles of macroeconomic analysis
b.Economic Models and Economic Forecasts, the Importance of Economic Analysis and its Users
c.Statistical data sources

2.
Measuring output (allowance 8/8)
 
a.
Output of the economy and its measurement
b.Economic growth in the short and long run
c.
Aggregate demand components - Consumption, investment, and government spending; their stability, decomposition and the impact of their changes on the firm
d.
Fundaments of the system of accounts

3.
Money, Money Relations and Monetary Policy (allowance 6/6)
 
a.Amount of money in the economy, monetary aggregates
b.Inflation measurement, consumer basket, derived inflation indicators
c.
Nominal and Real Value arrow to exclude the impact of inflation from the analysis
d.
Inflation measurement, consumer basket, derived inflation indicators
e.
Causes and consequences of inflation, the effect of inflation on the firm
f.Financial system, the role of banks in the economy and monetary policy

4.
Labour Market and Employment (allowance 4/4)
 
a.
Definitions and Labor Market Indicators
b.
Types of unemployment and their causes, response to the business cycle
c.
Demand side of the labor market

5.
International Interactions (allowance 4/4)
 
a.
Definition and analysis of international trade
b.
Cross-border movements of goods and services, export and import determinants
c.
Exchange rate, exchange rate response to the economic cycle and monetary policy, consequences for the company
d.Real and nominal exchange rates

Learning activities and teaching methods:
Type of teaching methodDaily attendance
lecture
28 h
practice
28 h
consultation10 h
preparation for exam
45 h
preparation for regular assessment
14 h
preparation for regular testing15 h
Total
140 h
 
Assessment methods:
The final evaluation has three parts. At the end of the seminar students receive points for the credit test and for the defense of the assignment. Student must earn at least half of the total sum of points. In case the student does not get a credit, he / she can get a credit for a second assignment in an adequate quality. The final assesment is a written exam. At least half of the points must be acheived to pass the exam. The resulting mark is the sum of the points from the exercise and the exam. In the case of a student's fraudulent behavior during one of the termination sections, this section will be deemed unsatisfactory and the matter may be referred to the Disciplinary Board. Student on Erasmus can be enrolled for the subject. Student must write an assignment (the same one as a second assignment mentioned above); final exam is the same as for full-time students.
 
Assessment criteria ratio:
Requirement typeDaily attendance
Total
0 %
 
Recomended reading and other learning resources:
Basic:
VEJMĚLEK, J. -- SPĚVÁČEK, V. -- ROJÍČEK, M. Makroekonomická analýza - teorie a praxe. Praha: Grada, 2016. 544 p. ISBN 978-80-247-5858-9.
TULEJA, P. Analýza pro ekonomy. 1st ed. Brno: Computer Press, 2007. 336 p. Vysokoškolské učebnice. ISBN 978-80-251-1801-6.

Recommended:
KADEŘÁBKOVÁ, A. Základy makroekonomické analýzy: růst, konkurenceschopnost, rovnováha. Praha: Linde, 2003. 175 p. ISBN 80-86131-36-X.
MANKIW, G. Zásady ekonomie. Grada Publishing, 2000. 763 p. ISBN 80-7169-891-1.
MANKIW, N G. -- TAYLOR, M P. Macroeconomics. New York, NY: Worth Publishers, 2014. 680 p. ISBN 978-1-4641-4177-5.

Course listed in study plans for this semester:
Field of study C-EM-REO Trade Management and Economics, full-time form, initial period WS 2019/2020
 
Course listed in previous semesters: SS 2018/2019, SS 2017/2018, SS 2016/2017, WS 2016/2017 (and older)
Teaching place: Brno


Last modification made by Ing. Jiří Gruber on 12/04/2019.

Type of output: