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Macroeconomics A

* Exchange students do not have to consider this information when selecting suitable courses for an exchange stay.

Course Unit Code114-0301/04
Number of ECTS Credits Allocated5 ECTS credits
Type of Course Unit *Compulsory
Level of Course Unit *First Cycle
Year of Study *First Year
Semester when the Course Unit is deliveredSummer Semester
Mode of DeliveryFace-to-face
Language of InstructionCzech
Prerequisites and Co-Requisites Course succeeds to compulsory courses of previous semester
Name of Lecturer(s)Personal IDName
GOT40prof. Ing. Jaromír Gottvald, CSc.
JAN77Ing. Ivana Jánošíková, Ph.D.
MAH11prof. Ing. Martin Macháček, Ph.D. et Ph.D.
JAN27Ing. Hana Janáčková, Ph.D.
LOK02Ing. Aleš Lokaj, Ph.D.
MEL044doc. Ing. Aleš Melecký, Ph.D.
Summary
The aim of this course is to explain macroeconomic phenomena and processes in
the economy. Strong emphasis is laid on the understanding of mutual
relationships among macroeconomic variables. Also economic policy practised by
governments and central banks has a very important role in the course. The
basic course Macroeconomics A is followed by the intermediate course
Macroeconomics B in the 4th study year, and in case of doctoral studies by
advanced course Macroeconomics C.
Learning Outcomes of the Course Unit
The pedagogical aim of this course is students´ ability
- to understand and to define basic macroeconomic entities
- to identify main connections (relations) among them
- to interpret topical processes and events in national, European and world economy from the position of the macroeconomic theory
- to discuss macroeconomic problems in the environment with differentiated opinions
- to compare current macroeconomic processes in different countries
- to use the knowledge in macroeconomics to assess processes on microeconomic level
- to continue to study the inter - mediate course in macroeconomics (Macroeconomics B)
Course Contents
1. Introduction to Macroeconomics. Macroeconomic aggregates.
2. Inflation and its measurement.
3. Unemployment.
4. Aggregate output and expenditures (the Income – expenditure model)
5. Aggregate supply and aggregate demand (the AS-AD model). Goods and asset markets )the IS-LM model).
6. Money in macroeconomic system - Commercial and central banking.
7. Monetary theory and policy.
8. Fiscal theory and policy.
9. Philips curve.
10. International monetary system. Exchange rates.
11. Open economy - Balance of payments and its structure.
12. International trade.
13. Economic growth.
14. Economic cycle.
Recommended or Required Reading
Required Reading:
JANÁČKOVÁ, Hana, Ivana JÁNOŠÍKOVÁ, Eva KOLCUNOVÁ a Aleš LOKAJ. Cvičebnice makroekonomie pro bakalářský kurz. 2. upravené a rozšířené vyd. Ostrava: VŠB-TU Ostrava, 2019. 102 s. ISBN: 978-80-248-4401-5.
JUREČKA, Václav, Martin MACHÁČEK a kol. Makroekonomie. 4. aktualizované a rozšířené vyd. Praha: Grada Publishing, 2023. 384 s. ISBN 978-80-271-3635-3.
MANKIW, N. Gregory. Principles of Economics. 9th ed. Boston: Cengage Learning, 2023. 816 p. ISBN 978-0357541593.


JANÁČKOVÁ, Hana, Ivana JÁNOŠÍKOVÁ, Eva KOLCUNOVÁ a Aleš LOKAJ. Cvičebnice makroekonomie pro bakalářský kurz. 2. upravené a rozšířené vyd. Ostrava: VŠB-TU Ostrava, 2019. 102 s. ISBN: 978-80-248-4401-5.
JUREČKA, Václav, Martin MACHÁČEK a kol. Makroekonomie. 4. aktualizované a rozšířené vyd. Praha: Grada Publishing, 2023. 384 s. ISBN 978-80-271-3635-3.
MANKIW, N. Gregory. Principles of Economics. 9th ed. Boston: Cengage Learning, 2023. 816 p. ISBN 978-0357541593.


Recommended Reading:
HOLMAN, Robert. Ekonomie. 6. vyd. Praha: C. H. Beck, 2016. 720 s. ISBN 978-80-7400-278-6.
HOLMAN, Robert. Ekonomie. Sbírka řešených otázek a příkladů. Praha: C. H. Beck, 2016. 168 s. ISBN 978-80-7400-615-9.
SAMUELSON, Paul Anthony a William Douglas NORDHAUS. Ekonomie. 19. vyd. Praha: NS Svoboda, 2013. 775 stran. ISBN 978-80-205-0629-0.
HOLMAN, Robert. Ekonomie. 6. vyd. Praha: C. H. Beck, 2016. 720 s. ISBN 978-80-7400-278-6.
HOLMAN, Robert. Ekonomie. Sbírka řešených otázek a příkladů. Praha: C. H. Beck, 2016. 168 s. ISBN 978-80-7400-615-9.
SAMUELSON, Paul Anthony a William Douglas NORDHAUS. Ekonomie. 19. vyd. Praha: NS Svoboda, 2013. 775 stran. ISBN 978-80-205-0629-0.
Planned learning activities and teaching methods
Lectures, Seminars
Assesment methods and criteria
Task TitleTask TypeMaximum Number of Points
(Act. for Subtasks)
Minimum Number of Points for Task Passing
Credit and ExaminationCredit and Examination100 (100)51
        CreditCredit35 (35)18
                Průběžná kontrola studiaOther task type15 3
                Zápočtový testOther task type20 3
        ExaminationExamination65 26