D_MTA Macroeconomic theory and analysis

University of Finance and Administration
Summer 2024
Extent and Intensity
2/0/0. 10 credit(s). Type of Completion: DZk (doctoral examination).
Teacher(s)
Ing. Hana Lipovská, Ph.D. (lecturer)
Ing. Petr Mach, Ph.D. (lecturer)
doc. Ing. Jan Mertl, Ph.D. (lecturer)
Guaranteed by
doc. Ing. Jan Mertl, Ph.D.
Department of Economics and Management – Departments – University of Finance and Administration
Contact Person: Bc. Kateřina Konupková
Prerequisites
D_MV Methodology of science
Course Enrolment Limitations
The course is offered to students of any study field.
Course objectives
The aim of the course is to study selected aspects of the behavior of the economy as a whole and to understand their functioning in the intellectual tradition of neoclassical and Keynesian economics. The accent is put on the role of money and the openness of the economy. The effectiveness of monetary and fiscal policies has also been studied.
Learning outcomes
to understand the functioning of the economy in the intellectual tradition of neoclassical and Keynesian economics.
Syllabus
  • 1. Quantitative theory of money according to I. Fisher, Cambridge version 2. Keynes' liquidity preference 3. Baumol – Tobin Model of Demand for Money 4. Tobin's theory of portfolio 5. Friedman's reformulation of quantitative theory of money 6. Monetarists monetary policy, inflation targeting 7. Exogenous and endogenous concept of money, the hypothesis of financial instability 8. Open economy: IS- LM-BP model for imperfect international capital mobility 9. Aggregate demand in an open economy 10. Effectiveness of fiscal and monetary policy in an open economy 11. Selected parts of macroeconomic analysis 12. New consensus in macroeconomics, macroeconomics after the financial crisis and the Great Recession
Literature
    required literature
  • Friedman, M.: The Role of Monetary Policy. The American Economic Review, Volume LVIII, March 1968.
  • Koderová, J., Sojka, M., Havel, J. Teorie peněz. 2. rozšířené vydání. Praha, Wolters Kluwer 2011.
  • Mach, M.: Makroekonomie. Pokročilejší analýza. 3. část. Praha: Melandrium, 2002.
  • Rojíček M., Spěváček V., Vejmělek J., Zamrazilová E., Žďárek V. Makroekonomická analýza - teorie a praxe. Praha, Grada 2016.
    recommended literature
  • Keynes, J. M. Obecná teorie zaměstnanosti, úroku a peněz. Praha, Nakladatelství ČSAV 1963.
  • Gärtner, M. Macroeconomics. Fifth Edition. Harlow, Pearson Education 2016.
  • Romer, D.: Advanced Macroeconomics. 4th edition. New York: The McGraw-Hill, 2012.
  • Snowdon, B., Vane, H. R.: Modern Macroeconomics. Its Origins, Development and Current State. Cheltenham: Edward Elgar, 2006.
  • Blanchard O. How to Teach Intermediate Macroeconomics after the Crisis? Peterson Institute for International Economics. June 2, 2016 https://piie.com/blogs/realtime-economic-issues-watch/how-teach-intermediate-macroeconomics-after-crisis
    not specified
  • www.knihovna.vsfs.cz/info/volne_eiz.html
  • www.vsfs.cz/knihovna
  • IS VŠFS → osobní administrativa → ProQuest
Teaching methods
The course consists of lectures in full-time studies and group consultations in part-time studies. Dominates discussion of pre-studied texts. Students who will fail to meet the requirements for participation in education may be given during the semester additional study obligations (to the extent that demonstrates academic achievement and gained competencies necessary for successful completion of course).
Assessment methods
Course is completed doctoral examination. The examination takes the form of a debate over the final work. Termination is the same for full-time and part-time study.
Language of instruction
Czech
Follow-Up Courses
Further comments (probably available only in Czech)
The course can also be completed outside the examination period.
General note: Předmět doktorského studia.
Information on the extent and intensity of the course: 12 hodin KS/semestr.
The course is also listed under the following terms Winter 2010, Summer 2011, summer 2012, Summer 2013, Summer 2014, Summer 2015, Summer 2016, Summer 2017, Summer 2018, Summer 2019, Summer 2020, Summer 2021, Summer 2022, Summer 2023, Summer 2025.
  • Enrolment Statistics (Summer 2024, recent)
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