OPF:EVSNAMAB Macroeconomics - Course Information

EVSNAMAB Macroeconomics

Extent and Intensity

3/2/0. 6 credit(s). Type of Completion: zk (examination).

Teacher(s)

doc. Ing. Marian Lebiedzik, Ph.D. (lecturer)
Ing. Eva Kotlánová, Ph.D. (seminar tutor)
Dr. Ing. Ingrid Majerová (seminar tutor)

Guaranteed by

doc. Ing. Marian Lebiedzik, Ph.D.
Departament of Economics and Public Administration – School of Business Administration in Karvina
Contact Person: Dr. Ing. Ingrid Majerová

Prerequisites

The completion of the course does not require any conditions and subject can be registered independently of other subjects.

Course Enrolment Limitations

The course is also offered to the students of the fields other than those the course is directly associated with.

fields of study / plans the course is directly associated with

• Banking (programme OPF, N_HOSPOL)
• Economy of Enterprise in Trade and Services (programme OPF, N_EKOMAN)
• Managerial Informatics (programme OPF, N_SYSINF)

Course objectives

The course develops knowledge that students of master degree programs have acquired during the studying of courses of general 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 paid 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

• 1. A simple Keynesian model and its use in the analysis of the three-sector and four-sector economy
  2. IS-LM Model
  3. Fiscal and monetary policy in the IS-LM model
  4. Model IS-ELM, economic policy in the IS-ELM model
  5. Macroeconomics of open economy
  6. Fiscal and monetary policy in the IS-LM-BP model
  7. Balance of payments
  8. Model AD-AS and its dynamization, fiscal and monetary policy in the AD-AS model
  9. The theory of rational expectations
  10. Inflation and unemployment and their relationship
  11. Business cycle theory
  12. The exchange rate, the theory of optimum currency areas, its evolution and possibilities of its practical application
  13. Economic growth
  

Literature

required literature
• MANKIW, N., G. Principles of Macroeconomics. Cengage Learning, 2012. ISBN 978-0-538-4306-6. info
• SCHILLER, B., HILL, C., WALL, S. The Macro Economy Today: 13th Edition. McGraw-Hill Higher Education, 2012. ISBN 9780077769581. info
• BENASSY, J., P. Macroeconomic Theory. Oxford University Press, 2011. ISBN 9780199924219. info

recommended literature
• HALL, R. E., PAPELL, D. H. Macroeconomics: Economic Growth, Fluctuations And Policy. New York: W. W. Norton & Company, 2011. ISBN 978-0-393-97515-4. info
• SCHILLER, B., R., WILSON, L., MAIER, M. Study Guide T/a The Macro Economy Today 10e. McGraw-Hill, 2005. ISBN 9780073042244. info
• ROZMAHEL, P. Macroeconomics. Brno: Mendelova univerzita, 2004. ISBN 80-7157-817-7. info

Teaching methods

Skills demonstration
Seminar classes

Assessment methods

Grade

Language of instruction

English

Further comments (probably available only in Czech)

The course can also be completed outside the examination period.

Teacher's information

Attendance in seminars 60 %, on-going test, final combined exam (the both parts of exam must be assessed at least E)
Additional tasks: research and study of the literature related to the issue of intermediate macroeconomics.

Activity	Difficulty [h]
Ostatní studijní zátěž	77
Přednáška	39
Seminář	26
Zkouška	40
Summary	182

• Enrolment Statistics (Summer 2016, recent)
  
• Permalink: https://is.slu.cz/course/opf/summer2016/EVSNAMAB