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Lecturer(s)
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Martinčík David, JUDr. Ing. Ph.D.
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Course content
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The Basic Solow Model Savings in an OLG Model Infinitely Lived Agents Recursive Deterministic Models Recursive Stochastic Models Hansen's RBC Model Linear Quadratic Dynamic Programming Money: Cash in Advance Money in the Utility Function Staggered Pricing Model Staggered Wage Setting Financial Markets and Monetary Policy Small Open Economy Models
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Learning activities and teaching methods
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Interactive lecture, Task-based study method, Textual studies, Practicum
- Preparation for an examination (30-60)
- 56 hours per semester
- Contact hours
- 39 hours per semester
- Undergraduate study programme term essay (20-40)
- 35 hours per semester
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| prerequisite |
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| Knowledge |
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| understand basic courses of: Basic Microeconomics, Basic Macroeconomics, Mathematics and Statistics |
| describe the principles of partial markets' working |
| explain the basic microeconomic models |
| explain the basic macroeconomic models |
| explain fundamental microeconomic variables |
| explain fundamental macroeconomic variables |
| describe the principles of the national economy working, including the interactions with foreign |
| Skills |
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| estimate the change in behavior of microeconomic subjects with respect to the change of the parameter of the model |
| distinguish the basic microeconomic approaches according to their assumptions |
| interpret the values of microeconomic variables |
| Competences |
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| N/A |
| N/A |
| learning outcomes |
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| Knowledge |
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| explain the basic principles of dynamic macroeconomics |
| classify various dynamic theories according to their initial assumptions |
| Skills |
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| solve and estimate selected dynamic models using Dynare toolbox |
| Competences |
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| N/A |
| N/A |
| teaching methods |
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| Knowledge |
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| Interactive lecture |
| Textual studies |
| Skills |
|---|
| Practicum |
| Task-based study method |
| Competences |
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| Lecture |
| Collaborative instruction |
| Cooperative instruction |
| assessment methods |
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| Knowledge |
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| Combined exam |
| Skills |
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| Seminar work |
| Competences |
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| Individual presentation at a seminar |
| Seminar work |
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Recommended literature
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Galí, Jordi. Monetary policy, inflation, and the business cycle : an introduction to the New Keynesian framework. Princeton : Princeton University Press, 2008. ISBN 978-0-691-13316-4.
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Ljungqvist, Lars; Sargent, Thomas J. Recursive macroeconomic theory. 2nd ed. Cambridge : MIT Press, 2004. ISBN 978-0-262-12274-0.
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McCandless, George T. The ABCs of RBCs : an introduction to dynamic macroeconomic models. Cambridge : Harvard University Pres, 2008. ISBN 978-0-674-02814-2.
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Walsh, Carl E. Monetary Theory and Policy, 2 edition. The MIT Press, 2003.
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