Course detail

Macroeconomics 2

FIT-MA2Acad. year: 2015/2016

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

Ing. Vladimíra Bayerová, Ph.D.

Department

Faculty of Business and Management (FP)

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

Not applicable.

Assesment methods and criteria linked to learning outcomes

Study evaluation is based on marks obtained for specified items. Minimimum number of marks to pass is 50.

Course curriculum

    Syllabus of lectures:
    1. The economy of the main stream. 
    2. Quantitative theory - neutrality of money. 
    3. The theory of money, value, price, utility and costs, the marginal theory. 
    4. The theory of capital, interest rates, savings, investment and investment multiplier. 
    5. Imperfect competition, the theory of monopoly, the theory of wealth and externalities. 
    6. The international division of labour, theory of international trade and exchange rates theory. 
    7. 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). 
    8. The macroeconomic equilibrium, models SI - LL, IS - LM, CC - BB and Modigliani's model. 
    9. Business policy, the business policy failures, reasons and solutions of the economics recessions. 
    10. The theory of human capital, economics in relation to political and sociological questions. 

    Syllabus of numerical exercises:
    1. Introduction to the course, repeating the elementary macroeconomic knowledge.
    2. Quantity theory of money, transmission mechanism. 
    3. Market for loanable funds. 
    4. External equilibrum state, net exports and imports of capital, exchange rates.
    5. Model Keynesian cross and IS curve design. 
    6. LM curve and IS-LM model for a small open a small closed economy.
    7. Tests

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. a kol. Dějiny ekonomického myšlení. 2. vyd. Praha: C.H.Beck, 2001. 541 s. ISBN 80-7179-631-X.SAMUELSON, P.A. a NORDHAUS, W.D. Ekonomie. 2. vyd. Praha: Svoboda, 1995. 1011 s. ISBN 80-205-0494-X.SCHILLER, B. R. Makroekonomie dnes. 1. vyd. Brno: Computer Press, 2004. 412 s. ISBN 80-251-0169-X.

Recommended reading

HOLMAN, R. Makroekonomie – středně pokročilý kurz. 1. vyd. Praha: C.H. Beck, 2004. 424 s. ISBN 80-7179-764-2.KUČEROVÁ, V., NAVRATILOVÁ, P. Makroekonomie II - Vývoj ekonomického myšlení. 1. vyd. Brno: CERM, 2008. 194 s. ISBN 978-80-214-3742-5.MACH, M. Makroekonomie II, první část. 1.vyd. Praha: VŠE v Praze, 1995. 181 s. ISBN: 80-7079-462-3.MACH, M. Makroekonomie II, druhá část. 1.vyd. Praha: VŠE v Praze, 1995. 252 s. ISBN: 80-7079-498-4.

Classification of course in study plans

  • Programme IT-MSC-2 Master's

    branch MMI , 0 year of study, winter semester, elective

Type of course unit

 

Lecture

26 hod., optionally

Teacher / Lecturer

Ing. Vladimíra Bayerová, Ph.D.

Syllabus

  1. The economy of the main stream. 
  2. Quantitative theory - neutrality of money. 
  3. The theory of money, value, price, utility and costs, the marginal theory. 
  4. The theory of capital, interest rates, savings, investment and investment multiplier. 
  5. Imperfect competition, the theory of monopoly, the theory of wealth and externalities. 
  6. The international division of labour, theory of international trade and exchange rates theory. 
  7. 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). 
  8. The macroeconomic equilibrium, models SI - LL, IS - LM, CC - BB and Modigliani's model. 
  9. Business policy, the business policy failures, reasons and solutions of the economics recessions. 
  10. The theory of human capital, economics in relation to political and sociological questions. 

Fundamentals seminar

13 hod., optionally

Teacher / Lecturer

Ing. Vladimíra Bayerová, Ph.D.

Syllabus

  1. Introduction to the course, repeating the elementary macroeconomic knowledge.
  2. Quantity theory of money, transmission mechanism. 
  3. Market for loanable funds. 
  4. External equilibrum state, net exports and imports of capital, exchange rates.
  5. Model Keynesian cross and IS curve design. 
  6. LM curve and IS-LM model for a small open a small closed economy.
  7. Tests