EVSBAMAE Macroeconomics

School of Business Administration in Karvina
Summer 2022
Extent and Intensity
2/2/0. 7 credit(s). Type of Completion: zk (examination).
doc. Mgr. Ing. Michal Tvrdoň, Ph.D. (lecturer)
Guaranteed by
doc. Mgr. Ing. Michal Tvrdoň, Ph.D.
Departament of Economics and Public Administration - School of Business Administration in Karvina
Contact Person: Dr. Ing. Ingrid Majerová
Course Enrolment Limitations
The course is only offered to the students of the study fields the course is directly associated with.
fields of study / plans the course is directly associated with
  • 1. Introduction to macroeconomics
    The issue of macroeconomics, determinants and the economic cycle. Macroeconomic equilibrium. Types of inflation and unemployment and their mutual relations. Various kind of product and its measurement. The goal of macroeconomic policy.
    2. Keynesian models in closed economy
    Two-sector national model and equilibrium income. Consumption, investment and savings function. Output-Expenditure approach. Three sector model – tax, consumption and government expenditure function. Aggregate expenditure function and equilibrium national income.
    3. Keynesian model in open economy
    Characteristic of open economy. Four-sector model – import, export and net export function. Output Expenditure approach: equilibrium national income. Crowding out effect. Savings and investment in open economy. Balance of payment and its structure. Current account, capital and financial account, statistical discrepancy.
    4. Model AS-AD
    Aggregate demand and its structure, characteristics of aggregate demand curve and its formalization. Influence of fiscal and monetary policy on shifts in the aggregate demand and aggregate supply curves. Fiscal and monetary policy in the case of the aggregate demand and aggregate supply curves.
    5. Economic Growth
    The characteristic of economic growth. The factors of economic growth. Costs and benefits of economic growth, the issue of welfare and environmental impact of economic growth. Economic growth and possibility frontiers. Economic growth and empirical cases.
    6. Business cycles
    Long-run and short-run determination of growth and business cycles. Characteristic of growth and business cycle. The phases of business cycles. Causes of fluctuations. Leading, coincident and lagging indicators of business cycles. International aspects of business cycles.
Language of instruction
Further Comments
The course is taught annually.
The course is also listed under the following terms Winter 2021.
  • Enrolment Statistics (recent)
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