EVSNAAMA Advanced Macroeconomics

School of Business Administration in Karvina
summer 2024
Extent and Intensity
2/2/0. 7 credit(s). Type of Completion: zk (examination).
Teacher(s)
Dr. Ing. Ingrid Majerová (lecturer)
Ing. Radka Kubalová, Ph.D. (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
Thu 8:05–9:45 MS
  • Timetable of Seminar Groups:
EVSNAAMA/01: Mon 13:05–14:40 B207, I. Majerová
EVSNAAMA/02: Thu 9:45–11:20 B308, I. 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
Syllabus
  • 1. 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.
    2. 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.
    3. 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.
    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. Dynamization of the model AS-AD. Fiscal and monetary policy in the case of the dynamic aggregate demand and aggregate supply curves.
    5. 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 – classical, keynesian and monetarist. Leading, coincident and lagging indicators of business cycles. Causes of fluctuations. The phases of business cycles. International aspects of business cycles.
    6. 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.
Language of instruction
English
Further Comments
Study Materials
The course is also listed under the following terms Winter 2021, Summer 2022, Winter 2024.
  • Enrolment Statistics (summer 2024, recent)
  • Permalink: https://is.slu.cz/course/opf/summer2024/EVSNAAMA