B_MaE Macroeconomics

University of Finance and Administration
Summer 2022
Extent and Intensity
2/2/0. 7 credit(s). Type of Completion: zk (examination).
Teacher(s)
Ing. Michal Blahout, Ph.D. (seminar tutor)
Ing. Lenka Farkačová, Ph.D. (seminar tutor)
Ing. Emilie Jašová, Ph.D. (seminar tutor)
Ing. Petr Mach, Ph.D. (seminar tutor)
Ing. Mgr. Jaromír Tichý, Ph.D., MBA (seminar tutor)
doc. Radim Valenčík, CSc. (seminar tutor)
doc. Mgr. Ing. Petr Wawrosz, Ph.D. (seminar tutor)
Guaranteed by
Ing. Petr Mach, Ph.D.
Department of Economics and Management – Departments – University of Finance and Administration
Contact Person: Bc. Kamila Procházková
Timetable of Seminar Groups
B_MaE/cEKPH: Tue 14:00–14:44 E227, Tue 14:45–15:30 E227, L. Farkačová
B_MaE/cEKPPKV: each even Wednesday 14:45–15:29 KV204, each even Wednesday 15:30–16:15 KV204, each even Wednesday 16:30–17:14 KV204, each even Wednesday 17:15–18:00 KV204, R. Valenčík
B_MaE/cFPH: Tue 15:45–16:29 E228, Tue 16:30–17:15 E228, except Tue 15. 3. ; and Tue 15. 3. 14:00–15:30 E227, L. Farkačová
B_MaE/cMMO: Tue 10:30–11:14 M17, Tue 11:15–12:00 M17, P. Wawrosz
B_MaE/cMPH: Mon 12:15–12:59 E224, Mon 13:00–13:45 E224, J. Tichý
B_MaE/pEKFMPH: Mon 10:30–11:14 E004, Mon 11:15–12:00 E004, P. Mach
B_MaE/pEKPPKV: each even Wednesday 10:30–11:14 KV204, each even Wednesday 11:15–12:00 KV204, each even Wednesday 12:15–12:59 KV204, each even Wednesday 13:00–13:45 KV204, R. Valenčík
B_MaE/pMMO: each odd Tuesday 12:15–12:59 M25, each odd Tuesday 13:00–13:45 M25, each odd Tuesday 14:00–14:44 M25, each odd Tuesday 14:45–15:30 M25, P. Mach
B_MaE/vEKFPPPH: Fri 25. 2. 17:30–19:00 E306, 19:15–20:45 E306, Sat 12. 3. 14:00–15:30 E306, 15:45–17:15 E306, Fri 25. 3. 17:30–19:00 E306, 19:15–20:45 E306, Fri 29. 4. 17:30–19:00 E306, 19:15–20:45 E306, E. Jašová
B_MaE/vRRMO: Sat 5. 2. 11:30–13:00 M27, 14:00–15:30 M27, Sat 19. 2. 15:45–17:15 M27, 17:30–19:00 M27, Sat 5. 3. 11:30–13:00 M27, 14:00–15:30 M27, Fri 18. 3. 14:00–15:30 M27, 15:45–17:15 M27, M. Blahout
Prerequisites
There are no prerequisites for this course. Students can pass the exam form the subject B_Mae only if they jave passed the exam from the subject B_Mie.
Course Enrolment Limitations
The course is offered to students of any study field.
Course objectives
The aim of the subject is to introduce students to macroeconomics at the undergraduate level. The students will be able, at the end of the course to: - understand the meaning of basic macroeconomic indicators (GDP, inflation, the rate of unemployment) - explain other macroeconomic terms (potential product, money, Phillips curve) - understand macroeconomic equilibrium: how aggregate supply and aggregate demand are determined - know the factors of long-term economic growth and short-term business cycle - understand international macroeconomic terms (the exchange rate, external macroeconomic balance) - understand the effects and limits of macroeconomic policies (fiscal and monetary policy) - understand the advantages and disadvantages of international cooperation (international free trade, common currency ...)
Learning outcomes
Learning outcomes are determined by the aim of the subject. The students will be able after completing the course to: - understand the meaning of basic macroeconomic indicators (GDP, inflation, the rate of unemployment) - explain other macroeconomics terms (potential product, money, Phillips curve) - understand macroeconomic equilibrium: how aggregate supply and aggregate demand are determined - know the factors of long-term economic growth and short-term business cycle - understand international macroeconomic terms (the exchange rate, external macroeconomic balance) - understand the effects and limits of macroeconomic policies (fiscal and monetary policy) - understand the advantages and disadvantages of international cooperation (international free trade, common currency ...)
Syllabus
  • 1. The Price level and inflation 2. Output and unemployment 3. Evolution of Money 4. Money stock 5. Quantity Theory of Money 6. Aggregate demand and Aggregate supply 7. Short-Run Aggregate Supply, Phillip's curve 8. Says!s Law of Markets, Keynes!s Consumption function 9. Foreihn Exchange, Balance of Payments 10. Monetary Policy 11. Fiscal Policy 12. International cooperation
Literature
    required literature
  • WAWROSZ, Petr; HEISSLER Herbert; MACH, Petr 2012. Reálie k makroekonomii – odborné texty, mediální reflexe, praktické analýzy. Praha: Wolters Kluwer. ISBN 978-80-7357-848-0.
  • WAWROSZ, Petr; HEISSLER, Herbert; HELÍSEK, Mojmír; MACH, Petr . Makroekonomie základní kurz. 1. vydání. Praha : Vysoká škola finanční a správní, o.p.s., 2012. 360 s. Edice EUPRESS. ISBN 978-80-7408-059-3.
    recommended literature
  • Jurečka, Václav a kol. Makroekonomie. Praha: Grada.
  • MACH, Petr. Textbook of Elementary Economics. Prague: VŠFS. ISBN 978-80-7408-193-4. 2019. info
Teaching methods
Lectures and seminars on the present form of the study, consultations on the distant form of the study. Students should attend at least 75% of the lectures and seminars in the full-time form or 50 in the combined form.
Assessment methods
The subject is completed by earning the credit and passing the exam. Earning credit is a necessary condition for students to be able to take the exam. The student earns credit by passing a midterm test after the 5th lecture in the seminar and an electronic test in the end of the course. Students with ISP take an online midterm test. The exam is oral.
Language of instruction
Czech
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.
Teacher's information
Petr Mach, PhD teaches microeconomics and macroeconomics in English, and Lobbying and Monetary theory and policy in Czech. Between 2014-17 Petr Mach served as a member of the European Parliament.
The course is also listed under the following terms Winter 2007, Summer 2008, Winter 2008, Summer 2015, Summer 2016, Summer 2017, Summer 2018, Summer 2019, Summer 2020, Summer 2021, Summer 2023.
  • Enrolment Statistics (Summer 2022, recent)
  • Permalink: https://is.vsfs.cz/course/vsfs/summer2022/B_MaE