JEB010 - Macroeconomics II

Credit: 6
Credit ETCS: 6
Hours weekly: 2/2
Status: Bachelors - All
Bachelors - core
Czech
Semester - summer
Obligatory courses: JEB009 - Macroeconomics I
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, Worth Publishers, 1994
[3] Burda-Wyplosz: Macroeconomics, a European Text. 1993.
[4] Barro: Macroeconomics. Fourth Edition. 1993
Description: This course follows in Macroeconomics I. This course brings transition from simple static and comparative static analysis to simple dynamic analysis. In the first part of the course the intertemporal budget constraint as well as the formation of expectations in economics are being described. In the second part of the course (from 3rd till 9th week) the main topics of the macroeconomic theory in the second half of the 20th century are being discussed, namely aggregate supply, inflation and unemployment. In its third part (from 10th till 13th week) course discusses basic models of consumption, investment and long run economic growth. Then the course briefly discusses some problems of public policies.
Content: (1)Adaptive expectations. Theory of rational expectations.
Effective market theory.
(2) Aggregate supply models: Friedman and Lucas. Sticky prices model.
(3) Real business cycle theory I: Robinson Crusoe economy, Intertemporal budget constraint. Public debt. International
investment position.
(4) Real business cycle theory II.
(5)New keynesian theory.
(6) Dynamic AD-AS model. Demand and supply shocks in DAD-DAS model.
(7) Inflation.
(8) Unemployment.
(9) Consumption.
(10) Investment.
(11) Long Term Growth.
(12) Economic policy.
Seminar:
Examination dates: see SIS Tajemnik
Course requirements: One midterm exam- 50% of grade
Final test during exam terms- 50% of grade
Oral re-examination in case of explained absence on one of the midterms or if the applicant would not agree with proposed grade.
Downloadable: Lect 1 Expectation 2401
Lecture 1 Expectations
Lecture 10 investment
Lecture 11 LT economic rgowth
Lecture 12 economic policy
Lecture 2 AS 2014
Lecture 2 AS models
Lecture 3 and 4 RBCT
Lecture 5- new keynesian
Lecture 8unemployment
Lecture 9_consumption
Lectures 3 and 4 RBCT
Lectures 6 and 7 DADDAS and Inflation
Results SS 2013