NA_MaE Macroeconomics

University of Finance and Administration
Summer 2021
Extent and Intensity
2/1/0. 7 credit(s). Type of Completion: zk (examination).
Teacher(s)
Ing. Petr Mach, Ph.D. (seminar tutor)
doc. Mgr. Ing. Petr Wawrosz, Ph.D. (seminar tutor)
Guaranteed by
doc. Mgr. Ing. Petr Wawrosz, Ph.D.
Department of Economics and Management – Departments – University of Finance and Administration
Contact Person: Bc. Kamila Procházková
Timetable of Seminar Groups
NA_MaE/cECPH: each even Tuesday 15:45–16:29 S13, each even Tuesday 16:30–17:15 S13, P. Wawrosz
NA_MaE/cMCPH: each even Tuesday 14:00–14:44 S33, each even Tuesday 14:45–15:30 S33, P. Wawrosz
NA_MaE/pECMCPH: Wed 14:00–14:44 E225, Wed 14:45–15:30 E225, 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
    required literature
  • PARKIN, Michael Microeconomics, Global Edition. 13th ed. Harlow, UK Pearson. 2018. 554 p. ISBN 978-1292263649.
  • VARIAN, Hal R. Intermediate microeconomics: a modern approach. 9th ed. New York: W. W. Norton & Company, 2014. 832 p. ISBN 978-0-393-93424-3.
    recommended literature
  • MANKIW, N. Gregory. Principles of Economics. Eight edition. South Western College, 2017. 836 p. ISBN 978-13-0558-512-6.
  • PERLOFF, Jeffrey. Microeconomics: Theory and Applications with Calculus. 4st Edition. Pearson – Addison Wesley, 2018. 816 p. ISBN 978-12-9221-569-3.
  • MACH, Petr. Textbook of Elementary Economics. Prague: VŠFS, 2019. ISBN 978-80-7408-193-4. info
Teaching methods
Lectures and seminars in full-time study; compulsory seminar participation is 75% in full-time study.
Assessment methods
For all students (both “normal students” (= students without any specific situation) and students with ISP or students that due to current epidemiological situation cannot come to the Czech Republic: Credit: There is one midterm online credit test, covering lectures 1-5. The test takes 30 minutes. The test will be opened online after the 5th lecture. The test consists of 8 multiple-choice questions. In each question only 1 answer is correct. Students must answer correctly at least 5 questions to pass the credit test. Exam: Students need to pass the credit test to be able to register for the final exam in the examination period in January 2021. The final exam is an online test. The test consists of 11 questions. In each question only 1 answer is correct. GRADES: 10 or 11 correct: A; 9 correct: B; 8 correct: C; 7 correct: D; 6 correct: E; less than 6 correct: F. The exam will take maximum 45 minutes.
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: 16 hodin KS/semestr.
The course is also listed under the following terms Summer 2015, Summer 2016, Summer 2017, Summer 2018, Summer 2019, Summer 2020, Summer 2022, Summer 2023, Summer 2024, Summer 2025.
  • Enrolment Statistics (Summer 2021, recent)
  • Permalink: https://is.vsfs.cz/course/vsfs/summer2021/NA_MaE