114-0303/05 – Macroeconomics B (MAEB)

Gurantor department	Department of Economics	Credits	6
Subject guarantor	prof. Ing. Zuzana Kučerová, Ph.D.	Subject version guarantor	prof. Ing. Zuzana Kučerová, Ph.D.
Study level	undergraduate or graduate	Requirement	Compulsory
Year	1	Semester	winter
		Study language	Czech
Year of introduction	2019/2020	Year of cancellation
Intended for the faculties	EKF	Intended for study types	Follow-up Master

Instruction secured by
Login	Name	Tuitor	Teacher giving lectures
BAD0012	Ing. Ondřej Badura, Ph.D.
HLA31	Ing. Karel Hlaváček, Ph.D.
JUR0248	Ing. Lukáš Jursa, Ph.D.
KRE0288	Ing. Martin Krejčí, Ph.D.
KUC20	prof. Ing. Zuzana Kučerová, Ph.D.
MAH11	prof. Ing. Martin Macháček, Ph.D. et Ph.D.

Extent of instruction for forms of study
Form of study	Way of compl.	Extent
Full-time	Credit and Examination	2+2

Subject aims expressed by acquired skills and competences

- analyze the short-run, medium-run, and long-run macroeconomic phenomena and processes by formal models - compare the mainstream macroeconomic theories and identify their strenghts and weaknesses - explain the consequences of monetary and fiscal policies within competing macroeconomic models - calculate the equilibrium values of aggregate output, price level, interest rate and other variables and changes in these values in response to macroeconomic policies - contrast the closed economy models and open economy models with differing rate of capital mobility - evaluate the importance of alternative macroeconomic approaches and methodologies for generating social welfare

Teaching methods

Lectures
Seminars

Summary

The aim of the subject is to both deepen and expand students´ knowledge of macroeconomic phenomena acquired in the first year of their studies. The subject covers various areas of mainstream macroeconomic theory at the intermediate level. Unlike introductory macroeconomics ("Macroeconomics A") course, this subject strongly emphasizes microeconomic foundations of macroeconomic theories and thus requires sound knowledge of basic economic principles. Within the subject, neo-Keynesian, monetarist, new classical and new Keynesian doctrines are confronted and discussed.

Compulsory literature:

BARRO, Robert J., Angus CHU a Guido COZZI. Intermediate Macroeconomics. Cengage Learning, 2017. ISBN 978-1473725096. BURDA, Michael a Charles WYPLOSZ. Macroeconomics – A European Text. 7th ed. Oxford: Oxford University Press, 2017. 624 p. ISBN 978-0198737513. KRUGMAN, Paul R. a Robin WELLS. Macroeconomics. Fourth edition. New York: Worth Publishers, 2015. ISBN 978-1-4641-1037-5.

Recommended literature:

DORNBUSCH, Rudiger, Stanley FISCHER and Richard STARTZ. Macroeconomics. 13th edition. New York: McGraw-Hill Education, 2017. 672 p. ISBN 978-1259290633. MANKIW, Gregory. Macroeconomics. 10th edition. New York: Macmillan International Higher Education, 2019. ISBN 978-1-319-24358-6. ROMER, David. Advanced macroeconomics. 5th edition. New York, McGraw-Hil, 2019. McGraw-Hill series in economics. ISBN 978-1-260-18521-8.

Additional study materials

Study supports in the EduDocs system

Way of continuous check of knowledge in the course of semester

Written credit test and written exam.

E-learning

https://lms.vsb.cz/

Other requirements

Active participation in seminars.

Prerequisities

Subject has no prerequisities.

Co-requisities

Subject has no co-requisities.

Subject syllabus:

1. The IS-LM model. 2. Fiscal and monetary policies in the IS-LM model. 3. The augmented IS-LM model. 4. Static aggregate demand models. 5. The dynamic aggregate demand model. 6. Short-run aggregate supply models. 7. The macroeconomics of imperfect competition. 8. Unemployment and inflation. Phillips and Taylor curves. 9. Consumption, investment, and the business cycle. 10. The Solow-Swan model of economic growth. New growth theory. 11. The IS-LM-BP model. 12. Fiscal and monetary policies in the IS-LM-BP model. 13. Financial crises and their macroeconomic impacts. Tutorials: 1. Topical macroeconomic problems of the Czech Republic (discussion). 2. The IS-LM model. Fiscal policy multipliers. Monetary policy multipliers. 3. The IS-ALM model. Analysis of the changes in expected inflation and the maturity premium components. 4. Aggregate demand and aggregate supply. The Lucas model of aggregate supply. New Keynesian model. 5. Unemployment and inflation. Comparison of Phillips and Taylor curves. Adjustment process in the DAS-DAD model. 6. Economic growth accounting. Correlation analysis of the business cycle. 7. The IS-LM model with a real exchange rate. The IS-LM-BP model with perfect and imperfect capital mobility. 8. Accreditation test.

Conditions for subject completion

Full-time form (validity from: 2016/2017 Winter semester, validity until: 2022/2023 Summer semester)

Task name	Type of task	Max. number of points (act. for subtasks)	Min. number of points	Max. počet pokusů
Credit and Examination	Credit and Examination	100 (100)	51
Credit	Credit	35 (35)	18
1. průběžný test	Written test	8	0
2. průběžný test	Written test	8	0
Případová studie	Project	4	0
Zápočtový test	Written test	15	5
Examination	Examination	65	28	3

Valid from	Valid until	Mandatory attendence participation
May 11, 2023 1:49:03 PM	May 11, 2023 1:59:01 PM	Obligatory lecures and seminars. Students can gain points for credit in seminars.
Sep 12, 2017 11:42:32 AM	May 11, 2023 1:49:03 PM	Will be specified at the first lesson

Mandatory attendence participation: Obligatory lecures and seminars. Students can collect points for credit in seminars.

Show history

Conditions for subject completion and attendance at the exercises within ISP: Credit test and exam test.

Show history

Valid from	Valid until	Conditions for subject completion and attendance at the exercises within ISP
Sep 16, 2022 10:52:13 AM	May 11, 2023 1:16:53 PM	...

Occurrence in study plans

Academic year	Programme	Zaměření	Form	Study language	Tut. centre	Year	Type of duty
2026/2027	(N0311A050012) Applied economics	EKO	P	Czech	Ostrava	1	Compulsory	study plan
2026/2027	(N0311A050040) Economics	EKO	P	Czech	Ostrava	1	Compulsory	study plan
2026/2027	(N0488A050004) Finance and Accounting	EKO	P	Czech	Ostrava	1	Compulsory	study plan
2026/2027	(N0413A050014) Economics and Management	EKO	P	Czech	Ostrava	1	Compulsory	study plan
2026/2027	(N0414A050001) Marketing and Business	EK	P	Czech	Ostrava	1	Compulsory	study plan
2026/2027	(N0688A050001) Information and Knowledge Management		P	Czech	Ostrava	1	Choice-compulsory type B	study plan
2025/2026	(N0688A050001) Information and Knowledge Management		P	Czech	Ostrava	1	Choice-compulsory type B	study plan
2025/2026	(N0311A050040) Economics	EKO	P	Czech	Ostrava	1	Compulsory	study plan
2025/2026	(N0488A050004) Finance and Accounting	EKO	P	Czech	Ostrava	1	Compulsory	study plan
2025/2026	(N0414A050001) Marketing and Business	EK	P	Czech	Ostrava	1	Compulsory	study plan
2025/2026	(N0413A050014) Economics and Management	EKO	P	Czech	Ostrava	1	Compulsory	study plan
2025/2026	(N0312A050001) Public Economics and Administration	EKO	P	Czech	Ostrava	1	Compulsory	study plan
2025/2026	(N0311A050012) Applied economics	EKO	P	Czech	Ostrava	1	Compulsory	study plan
2024/2025	(N0311A050012) Applied economics	EKO	P	Czech	Ostrava	1	Compulsory	study plan
2024/2025	(N0312A050001) Public Economics and Administration	EKO	P	Czech	Ostrava	1	Compulsory	study plan
2024/2025	(N0413A050014) Economics and Management	EKO	P	Czech	Ostrava	1	Compulsory	study plan
2024/2025	(N0414A050001) Marketing and Business	EK	P	Czech	Ostrava	1	Compulsory	study plan
2024/2025	(N0488A050004) Finance and Accounting	EKO	P	Czech	Ostrava	1	Compulsory	study plan
2024/2025	(N0688A050001) Information and Knowledge Management		P	Czech	Ostrava	1	Choice-compulsory type B	study plan
2024/2025	(N0311A050040) Economics	EKO	P	Czech	Ostrava	1	Compulsory	study plan
2023/2024	(N0311A050012) Applied economics	EKO	P	Czech	Ostrava	1	Compulsory	study plan
2023/2024	(N0312A050001) Public Economics and Administration	EKO	P	Czech	Ostrava	1	Compulsory	study plan
2023/2024	(N0688A050001) Information and Knowledge Management		P	Czech	Ostrava	1	Choice-compulsory type B	study plan
2023/2024	(N0488A050004) Finance and Accounting	EKO	P	Czech	Ostrava	1	Compulsory	study plan
2023/2024	(N0414A050001) Marketing and Business	EK	P	Czech	Ostrava	1	Compulsory	study plan
2023/2024	(N0413A050014) Economics and Management	EKO	P	Czech	Ostrava	1	Compulsory	study plan
2023/2024	(N0311A050040) Economics	EKO	P	Czech	Ostrava	1	Compulsory	study plan
2022/2023	(N0311A050012) Applied economics	EKO	P	Czech	Ostrava	1	Compulsory	study plan
2022/2023	(N0312A050001) Public Economics and Administration	EKO	P	Czech	Ostrava	1	Compulsory	study plan
2022/2023	(N0413A050014) Economics and Management	EKO	P	Czech	Ostrava	1	Compulsory	study plan
2022/2023	(N0414A050001) Marketing and Business	EK	P	Czech	Ostrava	1	Compulsory	study plan
2022/2023	(N0488A050004) Finance and Accounting	EKO	P	Czech	Ostrava	1	Compulsory	study plan
2022/2023	(N0688A050001) Information and Knowledge Management		P	Czech	Ostrava	1	Choice-compulsory type B	study plan
2021/2022	(N0311A050012) Applied economics	EKO	P	Czech	Ostrava	1	Compulsory	study plan
2021/2022	(N0312A050001) Public Economics and Administration	EKO	P	Czech	Ostrava	1	Compulsory	study plan
2021/2022	(N0688A050001) Information and Knowledge Management		P	Czech	Ostrava	1	Choice-compulsory type B	study plan
2021/2022	(N0488A050004) Finance and Accounting	EKO	P	Czech	Ostrava	1	Compulsory	study plan
2021/2022	(N0414A050001) Marketing and Business	EK	P	Czech	Ostrava	1	Compulsory	study plan
2021/2022	(N0413A050014) Economics and Management	EKO	P	Czech	Ostrava	1	Compulsory	study plan
2020/2021	(N0311A050012) Applied economics	EKO	P	Czech	Ostrava	1	Compulsory	study plan
2020/2021	(N0488A050004) Finance and Accounting	EKO	P	Czech	Ostrava	1	Compulsory	study plan
2020/2021	(N0312A050001) Public Economics and Administration	EKO	P	Czech	Ostrava	1	Compulsory	study plan
2020/2021	(N0413A050014) Economics and Management	EKO	P	Czech	Ostrava	1	Compulsory	study plan
2020/2021	(N0414A050001) Marketing and Business	EK	P	Czech	Ostrava	1	Compulsory	study plan
2020/2021	(N0688A050001) Information and Knowledge Management		P	Czech	Ostrava	1	Choice-compulsory type B	study plan
2019/2020	(N0312A050001) Public Economics and Administration	EKO	P	Czech	Ostrava	1	Compulsory	study plan
2019/2020	(N0311A050012) Applied economics	EKO	P	Czech	Ostrava	1	Compulsory	study plan
2019/2020	(N0413A050014) Economics and Management	EKO	P	Czech	Ostrava	1	Compulsory	study plan
2019/2020	(N0488A050004) Finance and Accounting	EKO	P	Czech	Ostrava	1	Compulsory	study plan

Occurrence in special blocks

Block name	Academic year	Form of study	Study language	Year	W	S	Type of block	Block owner

Assessment of instruction