156-0349/01 – Macroeconomic Analysis (MA )

Gurantor department	Department of Applied Economics	Credits	5
Subject guarantor	doc. Ing. Mgr. Zuzana Machová, Ph.D.	Subject version guarantor	doc. RNDr. Milan Šimek, Ph.D., MBA
Study level	undergraduate or graduate	Requirement	Compulsory
Year	1	Semester	summer
		Study language	Czech
Year of introduction	2012/2013	Year of cancellation	2013/2014
Intended for the faculties	EKF	Intended for study types	Follow-up Master

Instruction secured by
Login	Name	Tuitor	Teacher giving lectures
KAS176	Ing. Milan Kaštan, Ph.D.
STE27	Ing. Martin Štěpánek, Ph.D.

Extent of instruction for forms of study
Form of study	Way of compl.	Extent
Full-time	Credit and Examination	4+1

Subject aims expressed by acquired skills and competences

After the course the participants will be able to • define aims of macroeconomic analysis, • explain, classify and interpret construction of macroeconomic models, • clarify principles of economic growth, • analyze main segments of aggregate demand, • clarify and analyze possible impacts of macroeconomic prediction to economy of Czech Republic.

Teaching methods

Lectures
Seminars

Summary

The course is focused on macroeconomic analysis. The introductory part of the course is devoted to the definition of the objectives of macroeconomic analysis, explanation, classification and construction of macroeconomic models. There are also summarized theoretical approaches to the analysis of main components of aggregate demand. The following sections successively analyzed the problem of the theory of growth, foreign direct investment and macroeconomic forecasts.

Compulsory literature:

MANKIW, N. Gregory and TAYLOR, Mark P. Macroeconomics. European ed. New York: Worth Publishers, 2008. ISBN 978-0-7167-7369-6.

Recommended literature:

LANGDANA Farrokh K. Macroeconomic Policy: Demystifying Monetary and Fiscal Policy. New York: Springer Science+Business Media, 2010. ISBN 978-1-4419-4596-9.

Way of continuous check of knowledge in the course of semester

Students' knowledge will be continuously monitored during seminars. Based on these interim controls will be decided on the granting of credit, its acquisition is a prerequisite for the possibility of an examination.

E-learning

Study materials will be distributed through the LMS.

Other requirements

Other specific requirements are not established.

Prerequisities

Subject has no prerequisities.

Co-requisities

Subject has no co-requisities.

Subject syllabus:

Topics will be lectured in the following order: 1. Theory of macroeconomic analysis 2. Construction of macroeconomic models 3. Theories of consumption 4. Theories of investment 5. Fiscal policy and public finance 6. Inner and outer macroeconomic balance 7. Endogenous theories of economic growth 8. Theories of foreign direct investment 9. Macroeconomic predictions 10. Dynamic macroeconomic analysis 11. Conclusions, consultations

Conditions for subject completion

Full-time form (validity from: 2012/2013 Summer semester, validity until: 2013/2014 Summer semester)

Task name	Type of task	Max. number of points (act. for subtasks)	Min. number of points	Max. počet pokusů
Exercises evaluation and Examination	Credit and Examination	100 (100)	51
Exercises evaluation	Credit			1
Examination	Examination	100	51	3

Mandatory attendence participation:

Show history

Conditions for subject completion and attendance at the exercises within ISP:

Show history

Occurrence in study plans

Academic year	Programme	Branch/spec.	Spec.	Zaměření	Form	Study language	Tut. centre	Year	W	S	Type of duty
2012/2013	(N6202) Economic Policy and Administration	(6202T027) National Economy	(00) National Economy		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

2012/2013 Summer