Faculty of Economics. Second Cycle. First Year. Summer Semester. Czech, English. Course succeeds to compulsory courses of previous semester.
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FP-mak1P Acad. The course focuses on the understanding of entire economy functioning. The relations among product, services and labour markets on one hand and assets of the given economy on the other hand are explained.
Also dealt with is the influence on consumption, investments, inflation rate and unemployment, measurement of economic output and its long term growth, issues related to the economic cycle, fiscal and monetary policy as well as present economic problems. Also discussed are the modern economic theories and their methods of solution of key economic problems.
After finishing the course students should be able: To understand theoretical basis and principles of macroeconomics. To understand the functioning of the national economy mechanism and its equilibrium, interconnection of the national economy and the world economy and their influences on particular businesses and achieving key managerial objectives.
To understand how the managerial tasks are being accomplished in the national economy. To work out analytic and synthetic managerial information related to the national economy and apply it when making key managerial decisions. To use critical and analytical way of thinking in the managerial processes underlying the operation and strategic development of business activity within national and world economy.
Makroekonomie 1. Brno: CERM, ISBN: 1. Praha: Grada, ISBN Makroekonomie dnes. Brno: Computer Press, ISBN X. Praha: Svoboda, Praha: Management Press, Praha: C. Beck, The course contains of two-hour lectures that explain basic principles, problems and methodology of the discipline, and two-hour practical seminar.
The practical exercises promote the practical knowledge of the subject presented in the lectures and also are concerned on handling numerical tasks. Assesment methods and criteria linked to learning outcomes. Points will be awarded for knowledge at seminars and final test, from which a student must obtain at least 10 points. The requirement to final examination is the knowledge of the course and obtained credit. The final exam is written written test. It takes into account a comprehensive knowledge of macroeconomics, in all material respects.
The maximum number of possible points is Each student must obtain at least 35 points. In the overall assessment, the points of the seminars and examination are added. The scale of the resulting classification: student may gain from exercise 30 points and max. The subject content: 1. Introduction into macroeconomics — development of the macroeconomic theory.
Market, market mechanism, disequilibrium market, inefficiency, the types of market structures. The macroeconomic equilibrium, classical, Keynesian and Neokeynesian models. The monetary theory, monetary aggregates, money market.
Labour market, unemployment, money market equilibrium, the rate of unemployment, types of unemployment. Inflation, types of inflation, relationship between inflation and unemployment.
Economical growth, models of the economical growth, theory of the business cycle. Fiscal policy — state budget, public finance, expansionary and restrictive fiscal policy. Monetary policy — monetary goals and tools, expansionary and restrictive monetary policy. Macroeconomics goals, effectivity of economic policy, magic n-square, the function of the state in market economy. Theory of the international trade, external trade and monetary policy, free market, protectionism, development of exchange rates.
Syllabus of tutorials: 1. Introduction to the course 2. Market and market mechanism 3. Model AS-AD 4. Measurement of economic output 5.
The two-sector keynesian model income-expenditure 6. The money market and the money multiplier 7. Labour market and changes in the market 8. Measurement of inflation 9. The causes and phases of the economic cycle, the business cycle of the Czech Republic Types of fiscal policy and its applications Types of monetary policy and the reasons for their application, the policy of the CNB Balance of payments, exchange rates.
The main objective of the course is to provide students with the knowledge of macroeconomics on the level required at higher education institutions of economic specialisation.
Understanding of macroeconomic relations and connections, terms and necessary theoretical fundaments as well as understanding of possibilities and economic policy of the government. Specification of controlled education, way of implementation and compensation for absences. The course-unit credit is conditional on elaboration, demonstration of knowledge and successful completion of a credit test. Marek Zinecker, Ph. Learning outcomes of the course unit.
Secondary school knowledge of economics is expected. Not applicable. Recommended optional programme components. Recommended or required reading.
Planned learning activities and teaching methods. Language of instruction. Work placements. Course curriculum. Classification of course in study plans. Type of course unit.
Faculty of Economics
Understand the causes and effects of negative phenomena, which disturb economic development crisis, unemployment, inflation. Understand for negative effects of some government interventions on economic development of country. R:Holman R. Z:Holman R. The fundations of contemporary macroeconomics. Economic subjects - sectors of economy.
Makroekonomie: středně pokročilý kurz
FP-mak1P Acad. The course focuses on the understanding of entire economy functioning. The relations among product, services and labour markets on one hand and assets of the given economy on the other hand are explained. Also dealt with is the influence on consumption, investments, inflation rate and unemployment, measurement of economic output and its long term growth, issues related to the economic cycle, fiscal and monetary policy as well as present economic problems. Also discussed are the modern economic theories and their methods of solution of key economic problems.
5EN253 Makroekonomie I. (anglicky)
Subject Macroeconomics 2 is the advanced form of the subject Macroeconomics, which is taught in bachelor study program. The goal is the enlargement of economic knowledge, mainly focused on macroeconomic theories. The main topics of the subject are aggregate indicators, the macroeconomic equilibrium including the models of economic equilibrium, the theory of the factor market, money market, business policy and actual economic questions. Subject specific learning outcomes and competences. After finishing the course students should be able to understand theoretical basis and principles of economics, in context of contemporary problems. The main objective of the course is enlargement of macroeconomic knowledge and intensifying of students' abilities in understanding and solving of actual economics problems.