114-0501/04 – Macroeconomics A (MAC A)
| Gurantor department | Department of Economics | Credits | 6 |
| Subject guarantor | prof. Ing. Martin Macháček, Ph.D. et Ph.D. | Subject version guarantor | prof. Ing. Martin Macháček, Ph.D. et Ph.D. |
| Study level | undergraduate or graduate | Requirement | Compulsory |
| Year | 1 | Semester | summer |
| | Study language | English |
| Year of introduction | 2023/2024 | Year of cancellation | |
| Intended for the faculties | EKF | Intended for study types | Bachelor |
Subject aims expressed by acquired skills and competences
The pedagogical aim of this course is students´ ability
- to understand and to define basic macroeconomic entities
- to identify main connections (relations) among them
- to interpret topical processes and events in national, European and world economy from the position of the macroeconomic theory
- to discuss macroeconomic problems in the environment with differentiated opinions
- to compare current macroeconomic processes in different countries
- to use the knowledge in macroeconomics to assess processes on microeconomic level
- to continue to study the inter - mediate course in macroeconomics (Macroeconomics B)
Teaching methods
Lectures
Seminars
Individual consultations
Summary
The aim of this course is to explain macroeconomic phenomena and processes in
the economy. Strong emphasis is laid on the understanding of mutual
relationships among macroeconomic variables. Also economic policy practised by
governments and central banks has a very important role in the course.
Compulsory literature:
Recommended literature:
Way of continuous check of knowledge in the course of semester
Students will take a mid-semester test that is graded with a maximum of 15 points, of which the required minimum is 3 points. At the end of the semester, students must take a credit test with a maximum grade of 20 points, of which the required minimum is 3 points. In total, a student may earn a maximum of 35 points in the seminars, with a minimum of 18 points required to be awarded credit.
The course is completed by a written examination with a maximum of 65 points, of which the required minimum is 26 points.
E-learning
Other requirements
Active participation in seminars, study of recommended literature
For students with an individual study plan, the same conditions apply as for other students, i.e. participation in the seminars is not compulsory, but it is necessary to obtain at least 18 points out of 35 possible points in the credit tests to obtain credit. After the credit has been awarded, the student may register for the examination via the IS EDISON.
Prerequisities
Subject has no prerequisities.
Co-requisities
Subject has no co-requisities.
Subject syllabus:
1. Introduction to Macroeconomics. Macroeconomic aggregates.
2. Inflation and its measurement.
3. Unemployment.
4. Aggregate output and expenditures (the Income – expenditure model)
5. Aggregate supply and aggregate demand (the AS-AD model). Goods and asset markets )the IS-LM model).
6. Money in macroeconomic system - Commercial and central banking.
7. Monetary theory and policy.
8. Fiscal theory and policy.
9. Philips curve.
10. International monetary system. Exchange rates.
11. Open economy - Balance of payments and its structure.
12. International trade.
13. Economic growth.
14. Economic cycle.
Conditions for subject completion
Occurrence in study plans
Occurrence in special blocks
Assessment of instruction
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