Course syllabus MA2 - Intermediate Macroeconomics (FBE - WS 2020/2021)

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Course code:
Course title in Czech:
Intermediate Macroeconomics
Course title in English:
Intermediate Macroeconomics
WS 2020/2021
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:
Type of delivery: consulting
Mode of delivery for our mobility students abroad:
It is possible to study this subject during mobility.
Language of instruction:
Course supervisor: doc. Ing. Petr Rozmahel, Ph.D.
Course supervising department:
Faculty of Business and Economics
Teachers: Bc. Ing. Marek Litzman, Ph.D. (examiner, instructor, lecturer)
doc. Ing. Petr Rozmahel, Ph.D. (examiner, instructor, lecturer, supervisor)
Timetable in this semester:
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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
History of economic thought, Main stream economics

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

Long-run economic growth (allowance 4/4)
Solow neoclassical model
Endogenous growth model
Contemporary approaches

Short-run economy equilibrium models (allowance 10/10)
IS-LM model: Closed economy in a short run
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
Business cycles

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

Learning activities and teaching methods:
Type of teaching method
Daily attendance
Combined form
28 h
0 h
28 h
0 h
consultation0 h16 h
preparation for exam
50 h
124 h
preparation for regular testing34 h
0 h
140 h
140 h
Assessment methods:
The course ends with an exam. The exam is written and optionally oral. The written part has the character of test and short supplementary questions. The condition for passing the exam is to gain at least 50% of possible points, but the condition for successful completion of the course is to gain at least 60% of points in the sum. The scoring scale is governed by faculty regulations. The final grade is given by the sum of points from the credit and from the written part of the exam. A student who has met the conditions for completing the course has the opportunity to request an oral examination.
The student may take the final exam if he/she has passed the preliminary tests. To pass the test the student must obtain at least 50% points from two written papers, which are written during the semester mainly from the content of exercises. At the same time, it is necessary to obtain at least 40% of the possible points from each individual written work. In case of failure, it is possible to pass the preliminary test in a comprehensive correction term, from which it is necessary to get at least 50% points.
The part-time students end the course only with an exam, in which it is necessary to obtain at least 60% of points.
Assessment criteria ratio:
Requirement type
Daily attendance
Combined form
Mid-term test(s)
50 %
0 %
Final test50 %
100 %
100 %
100 %
Recomended reading and other learning resources:
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.

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:
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Course listed in previous semesters:
Teaching place:

Last modification made by Ing. Jiří Gruber on 07/05/2020.

Type of output: