OPF:EVSNAAMA Advanced Macroeconomics - Informace o předmětu

EVSNAAMA Advanced Macroeconomics

Rozsah

2/2/0. 7 kr. Ukončení: zk.

Vyučující

Dr. Ing. Ingrid Majerová (přednášející)

Garance

prof. Mgr. Ing. Michal Tvrdoň, Ph.D.
Katedra ekonomie a veřejné správy – Obchodně podnikatelská fakulta v Karviné
Kontaktní osoba: Dr. Ing. Ingrid Majerová

Rozvrh

Čt 13:55–15:30 A111

• Rozvrh seminárních/paralelních skupin:

EVSNAAMA/01: Čt 15:35–17:10 A423, I. Majerová
EVSNAAMA/02: Čt 17:15–18:50 A423, I. Majerová

Předpoklady

FAKULTA(OPF) && TYP_STUDIA(N) && FORMA(P) && PROGRAM(N_EME)

Omezení zápisu do předmětu

Předmět je určen pouze studentům mateřských oborů.

Předmět si smí zapsat nejvýše 60 stud.
Momentální stav registrace a zápisu: zapsáno: 28/60, pouze zareg.: 4/60

Mateřské obory/plány

• Economics and Management (program OPF, N_EME)

Cíle předmětu

The students have knowledge about all issues of advanced macroeconomics including the practical application of it.

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.

Osnova

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.

Literatura

povinná literatura
• Mankiew N.G. Macroeconomics. 10th Edition. Worth Publishers, 2019.
• ROMER, D. Advanced Macroeconomics. 5th edition. New York: McGraw-Hill, 2018. ISBN 978-1-260-18521-8. info

doporučená literatura
• COWEN, T a A TABARROK. Modern Principles of Macroeconomics. New York: Worth Publishers, 2018. ISBN 978-1-319-18206-9. info

Výukové metody

Lectures, discussions, graph analysis, teamwork, presentations, learning together, teaching through practical examples, case studies applied to theoretical approaches.

Metody hodnocení

active participation in seminars min. 60% (10% of the grade), ongoing test (30% of the grade), combined exam (60% of the grade)

Vyučovací jazyk

Angličtina

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Studijní materiály

• Statistika zápisu (nejnovější)
  
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