Course syllabus MAE136D - Macroeconomics (VŠPP - SS 2018/2019)

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Course code: MAE136D
Course title in Czech: Macroeconomics
Course title in English: Macroeconomics
Mode of completion and number of credits: Exam (6 credits)
Mode of delivery: full-time, 2/2 (hours of lectures per week / hours of seminars per week)
part-time, 0/8 (lectures per period / seminars per period)
Language of instruction: Czech
Course supervisor: Ing. Petr Makovský, Ph.D.
Name of lecturer: Ing. Filip Ježek, Ph.D. (examiner, instructor, lecturer)
Ing. Petr Makovský, Ph.D. (examiner, instructor, lecturer, supervisor)
Prerequisites: none
The aim of the subject is to acquaint the students with the macroeconomic fundamentals of the functioning of the national economy. The Macroeconomics acquaints a student with the basic concepts and indicators in the field of macroeconomics, such as household consumption, investment, government spending, importing and exporting, deficits and expenditure of the State budget, the role of money and the functioning of the banking system and their interdependencies. Students acquaints with the views of basic economic schools on the role of the State in the macroeconomic area and in economic policy.
Course contents:
1.Introduction. The formation of macroeconomics. Subject of macroeconomics. Macroeconomic entities, key questions of macroeconomics (allowance 0/0)
2.Accounting of National Income (allowance 0/0)
3.Keynesian models for the determination of the equilibrium product (allowance 0/0)
4.Aggregate demand and aggregate supply. Keynesian and classical approach. (allowance 0/0)
5.Economic growth, its measurement and the business cycle. Pro-growth policies. (allowance 0/0)
6.Money and banking system. Functions and forms of money. Monetary Base (allowance 0/0)
7.Open economy. Effects of international trade. Absolute and comparative advantage in international trade. (allowance 0/0)
8.Unemployment. Causes and its forms. Okun's law (allowance 0/0)
9.Inflation. Sources of inflation, inflation measurement. Philips curve (allowance 0/0)
10.Economic Policy. Basic macroeconomic goals (allowance 0/0)
11.Monetary policy. Instruments of monetary policy (allowance 0/0)
12.Fiscal policy. Public finance and the state budget (allowance 0/0)
13.External trade and monetary policy. The exchange rate and purchasing power parity. (allowance 0/0)
Learning outcomes:
Expertise :

Students can:
. Explain the meaning and content of basic economic indicators such as gross domestic product , inflation , unemployment , balance of payments and the functioning of the money market
. Quantify the relationships between the components of aggregate demand and equilibrium product in the Keynesian and classical model ,
. Explain the internal and external causes of business cycles, phases and their characteristics
. Classify the instruments of fiscal and monetary policies and their effectiveness , depending on the nature of the exchange rate ,
. Explain the benefits of international trade , the factors affecting international capital movements and causes of external debt
. Assess the impact of policy measures on the growth of gross domestic product, a change in the price level , employment rate and balance of payments

Professional skills:

Students can:
. Perform conversions nominal macroeconomic variables on real variables using statistical data
. Solve problems calculating the equilibrium product in simple Keynesian models ,
. Analyze the causes of changes in the price level and the unemployment rate based on statistical data
. Calculate the productivity of factors of production based on macroeconomic data
. Make international comparisons of basic macroeconomic indicators.
Input knowledge:
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Learning activities and teaching methods:
The Student must master the basics of microeconomics--the definition of the supply and demand curves, the derivation of the equilibrium of the markets. From Mathematics must master the work with charts, to construct graphs, to solve linear equations, derivations 1. and 2. orders, the computing of percent etc. For the practice of the substance, it is recommended to take advantage of e-learning materials. Texts in PowerPoint form the basic skeleton of the necessary knowledge for the mastery of the subject, the elaboration of tasks will enable tutors to verify to what extent the student understood the issues. Students have access to the records of the lectures doc. Kadeřábková. For the success of the study it is important to develop tasks that each student has available in the form of task files in the school information system.
Rámcové podmínky zápočtu:
Reading teaching materials based on the recommended literature and lectures. Passing two tests, each test enables students to get 50 points. For both tests, the student must obtain at least 65 points. Successful completion of the tests in the case of full-time study required participation in seminars. Part time students must process the files of exercises at home (the doseThe terms of the credit: Development of case study on macro-economic theme in the range of 8-10 pages and its consultation with the teacher. Choose a topic from the field of macroeconomics, which you are interested. Find information on the subject - on the site of the CSO, the MFCR, etc., review the information in the daily newspapers (Hospodářské noviny, EURO, etc.) or in the literature (political economics, Finance and credit, and others) and the theme handle. The scope of work should be around 8-10 pages. You can choose a topic concerning not only the economy of the Czech Republic, but also the economies of other countries. The work must not be conceived as a set of accepted texts. You should respect the processing rules for the writing of seminary work and for writing a Bachelor thesis, in particular the citation of sources. Links to resources must full, verbatim quotes must be enclosed in quotation marks. The study you can deliver at any time in the period of valid registration of the subject matter of macroeconomics, but not later than two weeks before the end of the exam period. The Student is required to discuss the study with the teacher. The Student must demonstrate that the theme itself worked, and that the theme understood.
Rámcové podmínky zkoušky:
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Study load:
Type of teaching methodDaily attendanceCombined form
Lecture/tutorial attendance26 h8 h
Seminar attendance13 h0 h
Preparation for lectures/tutorials0 h16 h
Preparation for seminars13 h0 h
Study of e-learning materials6 h10 h
Homework (self-study batches)0 h24 h
Preparation and presentation of one´s own seminar paper/essay10 h10 h
Preparation for a mid-term test5 h0 h
Preparation for the end-of-term credit test5 h10 h
Total78 h78 h
Recommended reading:
KADEŘÁBKOVÁ, B. -- ČEJPOVÁ, O. Dějiny ekonomických teorií. 1st ed. Praha: VŠMIE, 2010. 50 p. ISBN 978-8086847-41-2.
PAVELKA, T. Makroekonomie. Základní kurz. 2nd ed. Praha: Melandrium, 2007. 0 ISBN 978-80-86175-58-4.
HOLMAN, R. Ekonomie. 5th ed. Praha: C.H.Beck, 2011. 696 p. ISBN 9788074000065.

HELÍSEK, M. Makroekonomie. Základní kurs. 2nd ed. Slaný: Melandrium, 2002. 326 p. ISBN 80-86175-25-1.
MANKIW, N., G. Zásady ekonomie. 1st ed. Praha: Grada Publishing, 2009. 768 p. ISBN 978-80-7169-891-3.

Last modification made by Lucie Ptáčková, DiS. on 04/05/2019.

Type of output: