Course detail

Macroeconomics 2

FP-PmakKAcad. year: 2011/2012

Subject Macroeconomics 2 is the advanced form of the subject Macroeconomics, which is taught in bachelor study program. The goal is the enlargement of economic knowledge, mainly focused on macroeconomic theories. The main topics of the subject are aggregate indicators, the macroeconomic equilibrium including the models of economic equilibrium, the theory of the factor market, money market, business policy and actual economic questions.

Language of instruction

Czech

Number of ECTS credits

5

Mode of study

Not applicable.

Guarantor

Ing. Vladimíra Bayerová, Ph.D.

Department

Institute of Economics (ÚE)

Learning outcomes of the course unit

After finishing the course students should be able to understand theoretical basis and principles of economics, in context of contemporary problems.

Prerequisites

The knowledge of Macroeconomics, Microeconomics and Econometrics is expected.

Co-requisites

Not applicable.

Planned learning activities and teaching methods

Teaching methods depend on the type of course unit as specified in the article 7 of BUT Rules for Studies and Examinations.

Assesment methods and criteria linked to learning outcomes

Successful completion of a credit test on topics covered in seminars. Written elaboration of semester work and a written test. Form of examination – an oral examination. The integrated knowledge of macroeconomics in principal connections is considered. Grading is awarded according to the Rules for Studies and Examination valid at BUT and reflects student’s performance.

Course curriculum

Content:
The economy of the main stream
The money market, quantitative theory - neutrality of money
The theory of value, price, utility and costs, the marginal theory
The theory of capital, interest rates, savings, investment and investment multiplier
The international division of labour, theory of international trade, balance of payment, exchange rates theory and external equilibrium
The labour market, natural rate of unemployment, Phillips curve theories
The economic equilibrium, models AS–AD, IS–LM, Modigliani’s model, Mundell-Fleming’s model
The theory of business cycle, real and monetary cycles
The economics growth and the models of economics growth (Solow’s model of the economic growth, Cob-Douglas’s production function, theory of the endogenous growth)
Business policy, the business policy failures, reasons and solutions of the economics recessions
The theory of human capital, economics in relation to political and sociological questions

Work placements

Not applicable.

Aims

The main objective of the course is enlargement of macroeconomic knowledge and intensifying of students’ abilities in understanding and solving of actual economics problems.

Specification of controlled education, way of implementation and compensation for absences

Control of students’ attendance and results is fully in competence of the teacher.

Recommended optional programme components

Not applicable.

Prerequisites and corequisites

Not applicable.

Basic literature

HOLMAN, R. Makroekonomie – středně pokročilý kurz. 1. vyd. Praha: C.H. Beck, 2004. 424 s. ISBN 80-7179-764-2. (CS)
KUČEROVÁ, V., NAVRATILOVÁ, P. Makroekonomie II - Vývoj ekonomického myšlení. 1. vyd. Brno: CERM, 2008. 194 s. ISBN 978-80-214-3742-5. (CS)

Recommended reading

Not applicable.

Classification of course in study plans

  • Programme MGR-KS Master's

    branch MGR-PFO-KS , 1 year of study, winter semester, compulsory

Type of course unit

 

Lecture

26 hod., compulsory

Teacher / Lecturer

Ing. Vladimíra Bayerová, Ph.D.