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Macroeconomics B

Type of study Follow-up Master
Language of instruction Czech
Code 114-0303/05
Abbreviation MAEB
Course title Macroeconomics B
Credits 6
Coordinating department Department of Economics
Course coordinator prof. Ing. Zuzana Kučerová, Ph.D.

Subject syllabus

1. The IS-LM model.
2. Fiscal and monetary policies in the IS-LM model.
3. The augmented IS-LM model.
4. Static aggregate demand models.
5. The dynamic aggregate demand model.
6. Short-run aggregate supply models.
7. The macroeconomics of imperfect competition.
8. Unemployment and inflation. Phillips and Taylor curves.
9. Consumption, investment, and the business cycle.
10. The Solow-Swan model of economic growth. New growth theory.
11. The IS-LM-BP model.
12. Fiscal and monetary policies in the IS-LM-BP model.
13. Financial crises and their macroeconomic impacts.

Tutorials:
1. Topical macroeconomic problems of the Czech Republic (discussion).
2. The IS-LM model. Fiscal policy multipliers. Monetary policy multipliers.
3. The IS-ALM model. Analysis of the changes in expected inflation and the maturity premium components.
4. Aggregate demand and aggregate supply. The Lucas model of aggregate supply. New Keynesian model.
5. Unemployment and inflation. Comparison of Phillips and Taylor curves. Adjustment process in the DAS-DAD model.
6. Economic growth accounting. Correlation analysis of the business cycle.
7. The IS-LM model with a real exchange rate. The IS-LM-BP model with perfect and imperfect capital mobility.
8. Accreditation test.

Literature

BARRO, Robert J., Angus CHU a Guido COZZI. Intermediate Macroeconomics. Cengage Learning, 2017. ISBN 978-1473725096 .
BURDA, Michael a Charles WYPLOSZ. Macroeconomics – A European Text. 7th ed. Oxford: Oxford University Press, 2017. 624 p. ISBN 978-0198737513.
KRUGMAN, Paul R. a Robin WELLS. Macroeconomics. Fourth edition. New York: Worth Publishers, 2015. ISBN 978-1-4641-1037-5.

Advised literature

DORNBUSCH, Rudiger, Stanley FISCHER and Richard STARTZ. Macroeconomics. 13th edition. New York: McGraw-Hill Education, 2017. 672 p. ISBN 978-1259290633 .
MANKIW, Gregory. Macroeconomics. 10th edition. New York: Macmillan International Higher Education, 2019. ISBN 978-1-319-24358-6.
ROMER, David. Advanced macroeconomics. 5th edition. New York, McGraw-Hil, 2019. McGraw-Hill series in economics. ISBN 978-1-260-18521-8.


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