Course: Macroeconomics II

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Course title Macroeconomics II
Course code UEV/PMAK2
Organizational form of instruction Lecture + Lesson
Level of course Master
Year of study 1
Semester Summer
Number of ECTS credits 4
Language of instruction Czech
Status of course Compulsory
Form of instruction Face-to-face
Work placements This is not an internship
Recommended optional programme components None
  • Provazníková Romana, doc. Ing. Ph.D.
  • Černohorský Jan, Ing. Ph.D.
  • Černohorská Liběna, Ing. Ph.D.
  • Linhartová Veronika, Ing. et Ing. Ph.D.
Course content
Determination of balanced production in two-sector model. Determination of balanced production in three-sector model. Goods market and IS curve, money market (assets) and LM curve, model IS-LM. Efficiency of fiscal and monetary policy in IS-LM model. Net exports and balance in the market of goods and services in the open economy. Balance of payments, BP curve, IS-LM-BP model and balanced production. Basic problems of the exchange rate determination in long and short period. Devaluation (depreciation), current account and level of incomes. Characteristic of aggregate demand and supply. Unemployment, inflation and Phillips curve. Business cycles and economic growth.

Learning activities and teaching methods
Monologic (reading, lecture, briefing), Dialogic (discussion, interview, brainstorming), Work with text (with textbook, with book)
Learning outcomes
The aim of the course is to acquaint the students with the picture of macroeconomics at the contemporary level and depth and provide the students with basic knowledge and methods of macroeconomics. The accent is put on the ability to use acquired knowledge not only at the theoretical level but also at various levels of the national economy.
Students will be able to use acquired knowledge not only in the macroeconomics but also in related fields of the study i.e. microeconomics, public economics etc. Furthermore, students will understand how to apply various approaches in solving essential economic problems and how to select appropriate methods and defend it with necessary arguments.

Assessment methods and criteria
Oral examination, Written examination, Student performance assessment

The assignment is granted upon passing three written tests within seminars (2 tests, each 20 points, 1 test 60 point). For obtaining assignment it is neccessary achieve 60 points. The examination is written, eventually oral.
Recommended literature
  • BARRO, J. R.:. Macroeconomics. New York: John Wiley and Sons. Inc., 1993.
  • DORNBUSH, R., FISCHER, S.:. Makroekonomie. Praha: SPN a Nadace Economics, 1994.
  • FROYEN, R. T.:. Macroeconomics Theories and Politics. New York: Prentice Hall, 2004.
  • MACH, M.:. Makroekonomie pro inženýrské studium. Slaný: Melandrium, 2003.
  • PROVAZNÍKOVÁ, R., VOLEJNÍKOVÁ, J.:. Makroekonomie - Cvičebnice. Slaný: Melandrium, 2003.
  • SEKERKA, B.:. Makroekonomie. Praha: Profess Consulting, 2007.
  • Soukup j. a kol. Makroekonomie: Moderní přístup, 2010. Praha: Management Press, 2010.

Study plans that include the course