Czech

Not applicable.

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

The knowledge of Macroeconomics, Microeconomics and Econometrics is expected.

Not applicable.

The course contains of two-hour lectures that explain basic principles, problems and methodology of the discipline, and one-hour practical seminar. The practical exercises promote the practical knowledge of the subject presented in the lectures and also are concerned on handling numerical tasks.

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.
The scale of the resulting classification:
(student may gain from exercise 30 points and max.70 points of the test, a total of 100 points)
A: 90-100 points
B: 80-89 points
C: 70-79 points
D: 60-69 points
E: 50-59 points
F: less than 50 points

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 economic equilibrium, models AS–AD, IS–LM, Modigliani’s model, Mundell-Fleming’s model
The labour market, natural rate of unemployment, Phillips curve theories
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

Syllabus of tutorials:
Introduction to the course, repeating the elementary macroeconomic knowledge
Quantity theory of money
Value theory, international trade
Market for loanable funds, money market, external equilibrum state
Exchange Rates
Model IS-LM

Not applicable.

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

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

Not applicable.

Not applicable.

HOLMAN, R. Makroekonomie: středně pokročilý kurz. 3. vydání. Praha: C.H. Beck, 2018, 480 s. ISBN 978-80- 7400-541-1. (CS)

Not applicable.