DA_MTA Macroeconomic Theory and Analysis

University of Finance and Administration
Summer 2023
Extent and Intensity
2/0/0. 10 credit(s). Type of Completion: DZk (doctoral examination).
Teacher(s)
doc. Mgr. Ing. Petr Wawrosz, Ph.D. (lecturer)
Guaranteed by
doc. Mgr. Ing. Petr Wawrosz, Ph.D.
Department of Finance – Departments – University of Finance and Administration
Contact Person: Bc. Kamila Procházková
Prerequisites
There is no prerequsites for the course.
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 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
    recommended literature
  • Jacome, H. 2016. Challenges for Central Banking. International Monetary Fund. Available online in the information system, link Proquest Ebook.
  • Orrell, David; Chlupatý, Roman 2016. The Evolution of Money. Columbia University Press. Available online in the information system, link Proquest Ebook.
  • Silva John, et al. 2016. Economic Modeling in the Post Great Recession Era : Incomplete Data, Imperfect Markets. John Wiley and Sons 2016. Available online in the information system, link Proquest Ebook.
  • Muzhani Marin 2017. Fixed or Flexible Exchange Rates? History and Perspectives, Vernon Press. Available online in the information system, link Proquest Ebook.
  • Görg, Holger; Wagner, Joachim 2016. The Great Recession and Its Aftermath: Evidence from Micro-Data. Walter de Gruyter GmbH. Available online in the information system, link Proquest Ebook.
  • Johnston, Alison 2016. From Convergence to Crisis : Labor Markets and the Instability of the Euro. Cornell University Press. Available online in the information system, link Proquest Ebook.
    not specified
  • Rossana, Robert J. 2011. Macroeconomics. Taylor & Francis Group. Available online in the information system, link Proquest Ebook.
  • Cencini, Alvaro 2005. Macroeconomic Foundations of Macroeconomics. Taylor & Francis Group. Available online in the information system, link Proquest Ebook.
Teaching methods
Present or on-line seminar: discussion on the literature.
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
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 2020, Summer 2021, Summer 2022, Summer 2024, Summer 2025.
  • Enrolment Statistics (Summer 2023, recent)
  • Permalink: https://is.vsfs.cz/course/vsfs/summer2023/DA_MTA