114-0551/01 – Applied Macroeconomics (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
- list, define and characterise the basic macroeconomic categories
- identify and describe the key links between macroeconomic phenomena and processes
- interpret current processes and events in the national, European and global economy from the perspective of macroeconomic theory
- critically discuss macroeconomic issues in terms of the main schools of thought
- compare ongoing macroeconomic processes in different countries
- illustrate theoretical macroeconomic knowledge with practical examples
- use knowledge from macroeconomics to evaluate microeconomic processes
Teaching methods
Lectures
Seminars
Individual consultations
Summary
The aim of the course is to create a knowledge base for understanding the context and processes in the national, European and world economy. The emphasis is on the interrelationships between macroeconomic variables. Economic policies pursued by governments and central banks, or by supranational integration authorities, also have a very important place in the course. A specific feature of the course is its focus on illustrating practical applications of theoretical knowledge using examples from real economies.
Compulsory literature:
Recommended literature:
Way of continuous check of knowledge in the course of semester
Before taking exam, students are required to obtain credit.
A student will be awarded credit if he/she obtains at least 18 points out of a maximum of 35 points in the total of mid-semester and end-of-semester written credit tests.
A mid-semester credit test is graded with a maximum of 15 points, of which the required minimum is 3 points. The end- of-semester credit test is graded with a maximum score of 20 points, of which the required minimum is 3 points.
The course is completed by a written examination graded with a maximum of 65 points, of which the required minimum is 26 points.
To pass the course, at least 51 points out of a maximum of 100 points for the entire course is required.
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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