Course syllabus RRMAE - Macroeconomics (FRDIS - WS 2014/2015)

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Course code: RRMAE
Course title in language of instruction: Makroekonomie
Course title in Czech: Macroeconomics
Course title in English: Macroeconomics
Mode of completion and number of credits: Exam (6 credits)
(1 ECTS credit = 28 hours of workload)
Mode of delivery/Timetabled classes: full-time, 4/0 (hours of lectures per week / hours of seminars per week)
Language of instruction: Czech
Level of course: bachelor
Semester: WS 2014/2015
Name of lecturer: Ing. Vojtěch Tamáš, Ph.D. (supervisor)
Prerequisites: none
Aims of the course:
The main goal of the course is to introduce students to basic knowledge of macroeconomics and enable them to understand mechanism of market economy. Successful completion of the course should help students to understand and assess information about economic development published in economic newspapers and journals.
Course contents:
1.Introduction to Macroeconomics (allowance 6/2)
a.Basic Economic Concepts and Relationships
b.Circulation in Macroeconomics
c.Measurement Macroeconomic Output

2.Macroeconomic Equilibrium (allowance 6/2)
a.Aggregate Expenditures and Product in Equilibrium
b.AS-AD Model

3.Economic Growth (allowance 3/1)
4.Macroeconomic Instability: Causes and Consequences (allowance 12/4)
a.Economic Cycle

5.Macroeconomic Policy (allowance 9/3)
a.Goals of Economic Policy
b.Fiscal Policy
c.Monetary Policy

6.External Economic Policy (allowance 6/2)
a.International Trade
b.Exchange Rates

Learning outcomes and competences:
Generic competences:
-ability to analyse and synthesize
-capacity to learn
-general knowledge
-skilled at utilizing and processing information

Specific competences:
-Student is able to explain possible causes of economic instability and its consequences.
-Student is able to interpret information about economic development published in economic newspapers and journals correctly.
-Student is able to propose adequate policy action in solving macroeconomic problems.
-Student knows main instruments of macroeconomic policy.
-Student understands principles of working of national economy.

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
     lecture42 h
     practice14 h
     preparation for exam56 h
     preparation for regular assessment35 h
     preparation for regular testing21 h
Total168 h
Assessment methods:
Students will sit for two in-term written tests (max 25 points each, 30 minutes to complete). Students can get max 5 extra point for activity and knowledge demonstrated in seminars. To be admitted to final written exam they must reach 25 points. In final test students must gain 25 points to pass (max 50 points, 60 minutes to complete).
Recommended reading:
TypeAuthorTitlePublished inPublisherYearISBN
RQJUREČKA, V. et al.MakroekonomiePrahaGrada2010978-80-247-3258-9
REHELÍSEK, M.Makroekonomie: základní kursSlanýMelandrium200080-86175-10-3
REMANKIW, N G.Zásady ekonomiePrahaGrada Publishing200080-7169-891-1
REHOLMAN, R.EkonomiePrahaC.H. Beck200580-7179-891-6


Last modification made by Bc. Vít Karber on 01/06/2015.

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