Course syllabus HPO - Economic Policy II (FBE - WS 2016/2017)


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Course code: HPO
Course title in Czech: Economic Policy II
Course title in English:
Economic Policy II
Semester:
WS 2016/2017
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:
Course supervising department: Department of Economics (FBE)
Faculty:
Teachers:
Ing. Pavel Breinek, Ph.D. (examiner, instructor, lecturer, supervisor)
Ing. Aleš Franc, Ph.D. (instructor)
Prerequisites:
 
Timetable in this semester:
-- item not defined --
 
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 method
Daily attendance
lecture
28 h
practice
14 h
consultation
2 h
preparation for exam
50 h
preparation for regular assessment
8 h
preparation for regular testing
10 h
Total112 h
 
Assessment methods:
Student has to pass midterm exam in the end of semester. The minimum is 25 point from 50. Otherwise, student has to write patch test under the same conditions. The exam has two part, namely written and oral. The maximum points of exam test is 50 points and student has to obtain at least 25 points. Otherwise, student has to write exam test again. Student has only three attemps. After passing exam test there is oral part of exam. Part-time students do not pass midterm test.
 
Assessment criteria ratio:
Requirement type
Daily attendance
Total
0 %
 
Recomended reading and other learning resources:
Basic:
BREINEK, P. Hospodářská politika II (středně pokročilý kurz). 1st ed. Brno: Mendelova univerzita v Brně, 2011. 159 p. ISBN 978-80-7375-554-6.
KLIKOVÁ, C. -- KOTLÁN, I. Hospodářská politika. 1st ed. Ostrava: Institut vzdělávání Sokrates, 2003. 275 p. ISBN 80-86572-04-8.
SLANÝ, A. et al. Makroekonomická analýza a hospodářská politika. 1st ed. Praha: C.H. Beck, 2003. 375 p. ISBN 80-7179-738-3.

Recommended:
BÉNASSY-QUÉRÉ, A. -- JACQUET, P. -- COEURÉ, B. Economic Policy: Theory and Practise. New York: Oxford University Press, 2010. 709 p. ISBN 978-0-19-532273-6.
HOLMAN, R. et al. Dějiny ekonomického myšlení. 3rd ed. Praha: C.H. Beck, 2005. 539 p. ISBN 80-7179-380-9.
MANKIW, N G. Macroeconomics. 7th ed. New York, NY: Worth Publishers, 2009. 598 p. ISBN 978-1-4292-1887-0.

Course listed in study plans for this semester:
Field of study C-EPA-FIM Finance and Investment Management, full-time form, initial period SS 2015/2016
Field of study C-EPA-UAD Accounting and Taxes, full-time form, initial period SS 2015/2016
Field of study C-EPA-FIM Finance and Investment Management, full-time form, initial period WS 2016/2017
Field of study C-EPA-UAD Accounting and Taxes, full-time form, initial period WS 2016/2017
Field of study C-EPA-PA Public administration, full-time form, initial period WS 2016/2017
 
Course listed in previous semesters:
Teaching place:
Brno


Last modification made by Ing. Jiří Gruber on 05/25/2016.

Type of output: