JEB102 - Principles of Economics II

Kredit: 6
Role předmětu: Anglicky
Bakalářský - vše
BEF - core
Semestr - letní
Garanti: Petr Janský Ph.D.
Stránky kurzu: JEB102
Popis: Principles of Economics II
Summer Semester 2016, JEB102
Charles University, Faculty of Social Sciences
This course introduces economic thinking and basic principles of macroeconomics for economics students as well as for non-economists. Principles of Economics II is an introductory economics course with lectures and seminars for students of:
 Bachelor in Economics and Finance (mandatory course).
 Bachelor of Science in Economics (mandatory course, an alternative to Ekonomie II).
 International Economic and Political Studies and any other degree at Charles University with interest in economics or economic policy.
The course begins with the first lecture on Wednesday, 17th February at 8 am in room no. 314. The location of all lecture and seminar rooms is the Institute of Economic Studies.
Lecture Day Time Room Lecturer Contact
Principles II Wednesday 8:00-9:20 314 Petr Janský web, email

At Wednesday lectures, students learn about the principles of macroeconomics in a way that prepares them for further study of economics as well as their future professional careers. In addition to the lecturer, Petr Janský, guest lecturers are invited to contribute to the lectures and thus enrich the course.
Seminar Day Time Room
1 Wednesday 14:00-15:20 206
2 Wednesday 15:30-15:20 206
3 Wednesday 17:00-18:20 105
The teaching assistants for this course are Hana Džmuráňová (email, web), Hana Moravcová (email, web), Daniel Vach (email, web) and Ayaz Zeynalov (email, web).
There are three identical seminars for students of PoE every Wednesday and students should attend one of them to help them understand macroeconomics and prepare them for further study of economics. In each week, the three seminars are taught by one of the seminar tutors. Hana Moravcová is responsible for Aplia, whereas Hana Džmuráňová is coordinating the seminars. Daniel Vach and Hana Moracová are responsible for final exams. Please do not hesitate to contact them in case you have questions related to these issues.
Requirements and assessment
Students are expected to attend the weekly lectures and seminars. Students are encouraged to provide constructive feedback during the semester so that teaching can be improved accordingly. Experience shows that there is a positive correlation between attendance at lectures and seminars and final grades.
Students can choose between two main alternatives for final examination. Students can decide either to sit in for an exam at the end of the semester (100 % of the grade) or to combine the exam (70 %) with assignments mainly in an online Aplia system during the semester (30 %). In both cases students need to receive at least half of the maximum points in the exam. The exam is a test that includes various questions such as problem sets and multiple choices (for which you can prepare at seminars). Aplia assignments are submitted on a weekly basis (more on Aplia and how to use it is in the syllabus of Principles I). In case Aplia would worsen the grade, only the exam’s result is taken into account. For both Aplia and the exam, the grading follows this simple rule: the total number of points received is divided by the maximum number of points that could have been received.
The grading is same for all students. Total values higher than 85% correspond to grade 1, between 70% and 85% to grade 2, between 60% and 70% to grade 3.
Weekly schedule
Week (Winter) Day (2016) Themes Economics chapters
1 17th February Measuring a Nation’s Income and course introduction 23
2 24th February Measuring the Cost of Living, Production and Growth 24 + 25
3 2nd March Saving, Investment and the Financial System and the Basic Tools of Finance 26 + 27
4 9th March Unemployment and Its Natural Rate 28
5 16th March The Monetary System; Money Growth and Inflation 29 + 30
6 23rd March Open-Economy Macroeconomics: Basic Concepts; A Macroeconomic Theory of the Open Economy 31 + 32
7 29th March Keynes and IS-LM Analysis 33
8 6th April Aggregate Demand and Aggregate Supply; The Influence of Monetary and Fiscal Policy, 34 + 35
9 13th April The Short Run Trade-off between inflation and Unemployment 36
10 20th April The Financial Crisis 37
11 27th April Common Currency Areas and European Monetary Union 38
12 11th May Five Debates over Macroeconomic Policy 39
The course follows the material that is present in almost identical form in the following three textbooks (and also their earlier or later editions):
 Mankiw, N.G., Taylor, M.P.: Economics (2nd or 1st edition, the chapter numbers in the weekly schedule below relate to the 2nd edition of this textbook).
 Mankiw, N.G..: Principles of Economics (6th edition or earlier edition).
 Mankiw, N.G..: Principles of Macroeconomics (6th edition or earlier edition).
Students are encouraged to read the relevant chapters (listed in the weekly schedule below) in one of these textbooks. There are a number of copies of the Economics textbook available in the IES library (and some in the CERGE-EI library). Also please note that a number of other introductory economics texts provide almost equivalent service to the student as the above mentioned textbooks.
Ke stažení: Syllabus - Principles of Economics II - JEB102



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