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Lecturer(s)
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Pfeifer Lukáš, Doc. Ing. Ph.D.
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Course content
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Equilibrium production in two-sector model. Equilibrium production in three-sector model. IS - LM model. IS - LM model and effect of monetary and fiscal policy. Open economy and determination of equilibrium production. Fixed and flexible exchange rates, capital mobility, monetary and fiscal policy. Aggregate demand: introduction to analysis. Aggregate supply: introduction to analysis. Labour market, unemployment, Phillips curve. Augmented Phillips curve. Inflation. Methods of inflation treatment. Long-term economic growth. Additional information for students of so-called combined study form is available in Courseware.
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Learning activities and teaching methods
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Self-study of literature, Lecture
- Contact hours
- 39 hours per semester
- Preparation for comprehensive test (10-40)
- 65 hours per semester
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| prerequisite |
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| Knowledge |
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| explain the basic macroeconomic models |
| describe the principles of national economy working including the interactions with foreign |
| explain fundamental macroeconomic variables |
| Skills |
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| distinguish the basic macroeconomic approaches according their assumptions |
| interpret the values of macroeconomic variables |
| estimate the change in behavior of macroeconomic system with respect to the the change of the parameter of the model |
| Competences |
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| N/A |
| learning outcomes |
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| Knowledge |
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| explain the methodology of modern macroeconomics |
| explain intermediate macroeconomic models |
| explain in detail the principles of national economy working and its interactions with foreign |
| understand the theoretical effects of policy-makers' decision s on the main variables of national economy performance |
| Skills |
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| analyze intermediate macroeconomic model from the points of view of their content and their form |
| apply intermediate macroeconomic theories to real situations |
| distinguish and formulate basic conceptual framework of recent macroeconomic schools |
| Competences |
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| N/A |
| teaching methods |
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| Knowledge |
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| Lecture |
| One-to-One tutorial |
| Self-study of literature |
| Skills |
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| Practicum |
| Competences |
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| Self-study of literature |
| assessment methods |
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| Knowledge |
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| Test |
| Skills |
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| Skills demonstration during practicum |
| Competences |
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| Test |
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Recommended literature
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Dornbusch, Rudiger; Fischer, Stanley. Makroekonomie. 1. vyd. Praha : SPN, 1994. ISBN 80-04-25556-6.
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Mach, Miloš. Makroekonomie II : pro magisterské (inženýrské) studium. 1. a 2. část. Slaný : Melandrium, 2001. ISBN 80-86175-18-9.
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Mach, Miloš. Řešené problémy ke kursu makroekonomie II. 1. vydání. Jinočany : Nakladatelství H&H, 1992. ISBN 80-85467-89-5.
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