JEB009 - Macroeconomics I
| Credit: | 6 |
|---|---|
| Credit ETCS: | 6 |
| Hours weekly: | 2/2 |
| Status: | Bachelors - All Bachelors - core Czech Semester - winter |
| Obligatory courses: | JEB004 - Economics II |
| Recommended courses: | |
| Course supervisors: | PhDr. Michal Hlaváček Ph.D. |
| Teachers: | PhDr. Michal Hlaváček Ph.D. |
| Assistants: | |
| Schedule: | see Moodle https://dl1.cuni.cz/login/index.php |
| Announcements: | |
| Literature: | [1] Cahlík, Hlaváček, Seidler: Makroekonomie. Skripta Karolinum 2010. [2] Mankiw: Macroeconomics. Fifth edition, 2003 [3] Dornbush, Fisher: Makroekonomie, šesté vydání, 1994 |
| Description: | The course acquaints students with macroeconomic indexes and with national accounts system. Behaviour of the economy especially in short run is explained, stressing the business cycle and concerns to generation, distribution and allocation of national income. The course also solves problems of small open economy and money markets. |
| Content: | (1) What is macroeconomics. Economic theories and models. Methods. Business cycles, price level and natural GDP, long and short time horizont. Stabilization politics. (2) Measurment of economic activity, price changes and unemployment. National income accounts. Flow of funds. I-O analysis. (3) General classical model. (4) Effective demand. Consumption and investment. Income-expenditure model. (5) Liquidity preference theory. IS-LM model. (6) AD-AS model: AD curve. AS curve. (7) General keynesian model. Liquidity and investment trap. (8) Money supply. Monetary politics.I (9) Money supply. Monetary politics.II (10) Money demand. (11) Exchange rate and balance of payment. (12) IS-LM-BP model. (13) AD-AS model for open economy. |
| Seminar: | |
| Examination dates: | |
| Course requirements: | Passing a midterm and final test. |
| Downloadable: | Lecture 1 and 2 2012 Lecture 3A 2012 Lecture 3B 2012 Lecture 4 2012 Lecture 5 (2012) Lecture 6 (2012) Lectures 10 and 11 (2012) Lectures 7 to 9 (2012) Results 2012 |