NA_MaE Macroeconomics

University of Finance and Administration
Summer 2019
Extent and Intensity
2/1/0. 6 credit(s). Type of Completion: zk (examination).
Teacher(s)
Ing. Petr Mach, Ph.D. (seminar tutor)
Guaranteed by
Ing. Petr Mach, Ph.D.
Department of Economics and Management – Departments – University of Finance and Administration
Contact Person: Ing. Markéta Knížková
Timetable of Seminar Groups
NA_MaE/cBMPH: each odd Tuesday 12:15–12:59 S34, each odd Tuesday 13:00–13:45 S34, P. Mach
NA_MaE/pBMPH: Tue 10:30–11:14 S34, Tue 11:15–12:00 S34, P. Mach
Prerequisites
There are no prerequisites for this course
Course Enrolment Limitations
The course is offered to students of any study field.
Course objectives
At the end of this course students will be able to understand and explain theories of economic growth, exchange rate theories and monetary theories including seigniorage.
Learning outcomes
Sudents will know advanced macroeconomic theories including purchasing power parity, Sollow model of growth, rational expectations, and the Fleming-Mundell model.
Syllabus
  • 1. Costs of Inflation, 2. Long Term Economic Growth, 3. Business cycle, 4. Money Supply, Multiplication of Deposits, Money multpilier, 5. Demand for Money, 6. Theory of Seigniorage, 7. Nominal rigidities, 8. Foreign Exchange Market, PPP theory, interest rate parity theory, 9. Adjusmtemnt of the Balance of Payments, 10. Crowding-out Effect, 11. IS-LM model, 12. Optimum Currency Area Theory
Literature
    recommended literature
  • Sobel, R., Gwartney, J., Stroup, R., Macpherson, D.: Understanding Macroeconomics. 13th international ed. Mason, OH : South-Western Cengage Learning, 2011, ISBN 978-0-538-75620-4; Mankiw, G.: Macroeconomics 7th edition. Worth publishers. New York 2010. I
Teaching methods
Lectures and seminars in full-time study; compulsory seminar participation is 75% in full-time study.
Assessment methods
The course ends with credit midterm test and final test. Credit midterm test is written and to pass students need 2 out of 3 questions correct or students can write an essay. Information about the essay are delivered during the first week. Final written/oral exam: max 100 points. The first term of final test is written and other terms oral. Grades: A (90-100), B (80-90), C (70-80), D (60-70), E (50-60) F (below 50).
Language of instruction
English
Further comments (probably available only in Czech)
The course can also be completed outside the examination period.
Information on the extent and intensity of the course: 12 hodin KS/semestr.
The course is also listed under the following terms Summer 2015, Summer 2016, Summer 2017, Summer 2018, Summer 2020, Summer 2021, Summer 2022, Summer 2023, Summer 2024, Summer 2025.
  • Enrolment Statistics (Summer 2019, recent)
  • Permalink: https://is.vsfs.cz/course/vsfs/summer2019/NA_MaE