Course detail

Macroeconomics 2

FP-makPAcad. 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

6

Mode of study

Not applicable.

Guarantor

doc. Ing. Zdeněk Sojka, CSc.

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 its presentation. Active participation in lectures and seminars. Form of examination: Combined - a written test followed by 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

The economy of the main stream
Quantitative theory - neutrality of money
The theory of money, value, price, utility and costs, the marginal theory
The theory of capital, interest rates, savings, investment and investment multiplier
Imperfect competition, the theory of monopoly, the theory of wealth and externalities
The international division of labour, theory of international trade and exchange rates theory
The theory of business cycle, real and monetary cycles, economics growth and the models of economics growth (Solow's model of the economic growth, Cob-Douglas's production function)
The macroeconomic equilibrium, models SI - LL, IS - LM, CC - BB and Modigliani's model
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. 3. vydání. Praha: C.H. Beck, 2018, 480 s. ISBN 978-80- 7400-541-1. (CS)

Recommended reading

Not applicable.

Classification of course in study plans

  • Programme MGR Master's

    branch MGR-UFRP , 1 year of study, winter semester, compulsory

Type of course unit

 

Lecture

26 hod., optionally

Teacher / Lecturer

Ing. Vladimíra Bayerová, Ph.D.

Exercise

13 hod., compulsory

Teacher / Lecturer

Ing. Pavel Breinek, Ph.D.