Course syllabus MA2 - Intermediate Macroeconomics (FBE - WS 2013/2014)

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Course code: MA2
Course title in language of instruction: Makroekonomie II
Course title in Czech: Intermediate Macroeconomics
Course title in English: Intermediate Macroeconomics
Mode of completion and number of credits: Exam (5 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)
part-time, 16/0 (lectures per period / seminars per period)
Language of instruction: Czech
Level of course: master continuing
Semester: WS 2013/2014
Name of lecturer: Ing. Marcel Ševela, Ph.D. (supervisor)
Prerequisites: Final Bachelor Exam
Aims of the course:
Students aquire knowledge of the macroeconomic theory at the intermediate level. The course concentrates on explanation of neo-classical approach including the Solow growth model, then the detailed attention is paid to the Keynesian alternative with the open economy analysis. The last part of the course discusses the development of attitutes after the WWII including the modern views (neo-conservative approach, new Keynesian, post-Keynesian, ...)
Course contents:
1.Inroduction of Problems of the Macroeconomics II (allowance 2/1)
2.Determination of the Equilibrium in the Open Economy (allowance 2/1)
3.IS-LM Model (allowance 2/1)
4.Monetary and Fiscal Policy in the IS-LM Model (allowance 2/1)
5.Analysis of the Open Economy by IS-LM-BP Model (allowance 2/1)
6.Mundell-Fleming Model (allowance 4/2)
7.Wage and Price Rigidity: Sticky Wage and Price Models (allowance 4/2)
8.Unemplyment, the hypothesis of the Hysteresis (allowance 2/1)
9.Hypothesis of The Rational Expectation in the Theoretical Concepts of the New Classical Macroeconomics (allowance 2/1)
10.Theory of the Economic Growth (allowance 4/2)
11.Theory of Real Business Cycles (allowance 2/1)
Learning outcomes and competences:
Generic competences:
-Ability to analyse and synthesize
-Ability to solve problems
-Professional knowledge
-Science and research skills
-Skilled at utilizing and processing information

Specific competences:
-Student can describe and explain neo-classical and Keynesian paradigm in macroeconomics
-Student can determined the causes of individual economic phenomenon and suggect the solution with respect to main theoretical approaches
-Student can explain the differences and economic policy recommendations of modern theoretical attitudes
-Student can foresee the impact of external changes to economy from mainstream theoretical approaches
-Student is able to interpret the impact of economic policy measures from view mainstream approaches

Type of course unit: optional
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 attendanceCombined form
Direct teaching
     lecture28 h0 h
     practice14 h0 h
     consultation0 h16 h
     preparation for exam64 h124 h
     preparation for regular testing34 h0 h
Total140 h140 h
Assessment methods:
Two partial written test for 45 minutes during the study period, at least 25 points in total from 50 available are required to obtain the credit. In the case of failure, the student could write one compensatory test, 50% success is minimum to obtain the credit. The course is finalised by exam consisting of 60 minutes written test followed by oral part. To pass the written part of the exam, again the minimum of 25 from 50 points is requested.
Recommended reading:
TypeAuthorTitlePublished inPublisherYearISBN
RQŠEVELA, M.Makroekonomie II: (středně pokročilý kurz)V BrněMendelova univerzita2011978-80-7375-513-3
RQHOLMAN, R.Makroekonomie: středně pokročilý kurzPrahaC.H. Beck2010978-80-7179-861-3
RQFROYEN, R T.Macroeconomics : theories and policiesUpper Saddle River, N.J.Pearson Prentice Hall2009978-0-13-712971-3
RESOUKUP, J. et al.MakroekonomiePrahaManagement Press2010978-80-7261-219-2
REMACH, M.Makroekonomie IISlanýMelandrium200180-86175-18-9
REMACH, M.Makroekonomie.SlanýMelandrium200280-86175-22-7
RESNOWDON, B. -- VANE, H R.Modern macroeconomics: its origins, development and current stateCheltenhamEdward Elgar1-84542-208-2
RECARLIN, W.Macroeconomics: imperfections, institutions, and policiesOxford ;Oxford University Press20060-19-877622-5


Last modification made by Data import from library on 08/01/2014.

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