JEM017 - Business Cycles Theory

Credit: 6
Status: CFS - elective
EEI and EP - elective
ET - mandatory
F,FM and B - elective
Masters - all
MEF - elective
Semester - winter
Course supervisors: prof. Ing. Miloslav Vošvrda CSc.
Course homepage: JEM017
Literature: Enders, W.: Applied Econometric Time Series, 3rd ed., Wiley, 2009
Kočenda, E., Černý, A.: Elements of Time Series Econometrics: An Applied Approach, Karolinum 2007
Mills, T.C.: Long Term Trends and Business Cycles, Vol. I, II, The International Library of Critical Writings in Economnics, 149, Elgar, 2002
Stock, J.H. Watson, M.W.: Business cycles fluctuations and U.S. macroeconomic time series. In: Taylor, J.B., Woodford, M. (eds): Handbook of Macroeconomics, Vol. 1, Elsevier, 1999
Description: This course is devoted to an analysis of business movement using econometric techniques. We will cover fields like isolation of trends and cycles using deterministic and stochastic methods; extraction of seasonal movements; recession dating procedures, multivariate models of business cycles, decompositions of business cycles movements etc.
This is a workshop-style course. Prior knowledge of econometric techniques is a must. Students are expeted to apply covered techniques in problem sets and actively present their results during the course.

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