Výstupy z učení

The student understands advanced macroeconomic models and their applications in analysing the functioning of national and open economies. The student is able to apply Keynesian models to assess equilibrium income in two-, three-, and four-sector economy, including the role of consumption, investment, government expenditure, and net exports. The student can analyse the characteristics of open economy, interpret the structure of the balance of payments, and evaluate the effects of nominal and real exchange rate changes in a real economy. The student is able to work with the IS-LM and IS-LM-BP models to assess the effectiveness of fiscal and monetary policies under different capital mobility conditions and exchange rate regimes. The student understands the AS-AD model in both static and dynamic settings and can evaluate the effects of policy interventions on aggregate demand and aggregate supply. The student can distinguish between different theoretical approaches to business cycles, identify their phases and indicators, and assess international transmission of cyclical fluctuations. The student is able to define the main drivers of economic growth, assess the costs and benefits of growth, and analyse growth in relation to environmental sustainability, convergence, and welfare. The student can interpret empirical macroeconomic data and use theoretical models to explain macroeconomic phenomena and policy impacts in both closed and open economy.