EVSNAMAB Macroeconomics

School of Business Administration in Karvina
Summer 2023
Extent and Intensity
3/2/0. 6 credit(s). Type of Completion: zk (examination).
Teacher(s)
Dr. Ing. Ingrid Majerová (lecturer)
Ing. Radka Kubalová, Ph.D. (seminar tutor)
Dr. Ing. Ingrid Majerová (seminar tutor)
Guaranteed by
prof. Mgr. Ing. Michal Tvrdoň, Ph.D.
Departament of Economics and Public Administration – School of Business Administration in Karvina
Contact Person: Dr. Ing. Ingrid Majerová
Timetable
Mon 13:05–15:30 B208
  • Timetable of Seminar Groups:
EVSNAMAB/01: Fri 12:15–13:50 A412, R. Kubalová
EVSNAMAB/02: Fri 10:35–12:10 A412, R. Kubalová
EVSNAMAB/03: Wed 15:35–17:10 B208, R. Kubalová, zatím se nevypisuje
Prerequisites
FAKULTA(OPF) && TYP_STUDIA(N) && FORMA(P)
basic macroeconomics
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
there are 7 fields of study the course is directly associated with, display
Course objectives
The course develops knowledge that students of master degree programs have acquired during the studying of courses of basic economics in bachelor study programs. Students will acquire theoretical and methodological knowledge in the creation and implementation of macroeconomic equilibrium models in the terms of closed and then in open economy. They will pay their attention to the issue of inflation and labour market and then also to the issue of long-term economic growth. In summary the course develops student's knowledge acquired in basic course of macroeconomics, at a higher level, with extensive use of formalized notations of complex macroeconomic context.
Syllabus
  • Keynesian Models
    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. Four-sector model import, export and net export function. Output Expenditure approach: equilibrium national income. Crowding out effect.
    Open Economy and Balance of Payment
    Characteristic of open economy. Trade balance and net capital outflow. Savings and investment in open economy. Prices for international transactions nominal and real exchange rate. Appreciation and depreciation. Balance of payment and its structure. Current account, capital and financial account, statistical discrepancy. Credit and debit flows in balance of payment.
    Model IS-LM, IS-LM- BP
    The current balance on goods market and the market of assets IS-LM model. The effectiveness of fiscal policy and monetary policy through the prism of IS-LM model. The effect of changes in the expected rate of inflation at the level of income in the economy. Effectiveness of fiscal and monetary policy through the prism of the IS-LM-BP in conditions of perfect mobility of capital and the system of fixed and flexible exchange rates.
    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. Dynamization of the model AS-AD. Fiscal and monetary policy in the case of the dynamic aggregate demand and aggregate supply curves.
    Business cycle theory
    Long-run and short-run determination of growth and business cycles. Characteristic of growth and business cycle. Theoretical approach to the business cycle classicals, keynesians and monetarists. Leading, coincident and lagging indicators of business cycles. Causes of fluctuations. The phases of business cycles. International aspects of business cycles.
    Economic Growth
    The factors of economic growth natural resources, investment in human capital, investment in capital goods and entrepreneurship. Costs and benefits of economic growth, the issue of welfare and environmental impact of economic growth. Opportunity costs of growth. Economic growth and possibility frontiers. Economic growth and convergence. Empirical cases of economic growth.
Literature
    required literature
  • MANKIEW. Macroeconomics. 10th Edition. New York: Worth Publishers, 2019. ISBN 978-1-319-24358-6. info
  • ROMER, D. Advanced Macroeconomics. 5th edition. New York: McGraw-Hill, 2018. ISBN 978-1-260-18521-8. info
    recommended literature
  • COWEN, T and A TABARROK. Modern Principles of Macroeconomics. New York: Worth Publishers, 2018. ISBN 978-1-319-18206-9. info
  • BLANCHARD, O. Macroeconomics. 7th Edition. London: Pearson Education Limited, 2017. ISBN 978-1-292-16050-4. info
Teaching methods
Lecture with presentation in Power-point
Assessment methods
Attendance on seminars (min 60%) - team works (50%), combined exam (50%).
Language of instruction
English
Further comments (probably available only in Czech)
Study Materials
The course can also be completed outside the examination period.
Teacher's information
attendance in seminars 60 %, final combined exam

Activity Difficulty [h]
Ostatní studijní zátěž 77
Přednáška 39
Seminář 26
Zkouška 40
Summary 182
The course is also listed under the following terms Summer 2015, Summer 2016, Summer 2017, Summer 2018, Summer 2019, Summer 2020, Summer 2021, Summer 2022.
  • Enrolment Statistics (recent)
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