| Course Unit Code | 114-0501/03 |
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| Number of ECTS Credits Allocated | 5 ECTS credits |
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| Type of Course Unit * | Choice-compulsory |
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| Level of Course Unit * | First Cycle |
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| Year of Study * | |
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| Semester when the Course Unit is delivered | Summer Semester |
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| Mode of Delivery | Face-to-face |
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| Language of Instruction | English |
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| Prerequisites and Co-Requisites | Course succeeds to compulsory courses of previous semester |
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| Name of Lecturer(s) | Personal ID | Name |
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| JAN77 | Ing. Ivana Jánošíková, Ph.D. |
| MAH11 | prof. Ing. Martin Macháček, Ph.D. et Ph.D. |
| BAD0012 | Ing. Ondřej Badura, Ph.D. |
| Summary |
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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. |
| Learning Outcomes of the Course Unit |
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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)
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| Course Contents |
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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.
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| Recommended or Required Reading |
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| Required Reading: |
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MANKIW, N. Gregory. Principles of Economics. 9th ed. Boston: Cengage Learning, 2023. 816 p. ISBN 978-0357541593.
KRUGMAN, Paul and Robin Wells. Macroeconomics. 7th ed. Duffield: Worth Publishers, 2024. 656 p. ISBN 978-1319415907.
FRANK, Robert H., Ben BERNANKE, Kate ANTONOVICS and Ori HEFFETZ. Principles of Macroeconomics. Columbus: McGraw Hill, 2021. 544 p. ISBN 978-1264250318.
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MANKIW, N. Gregory. Principles of Economics. 9th ed. Boston: Cengage Learning, 2023. 816 p. ISBN 978-0357541593.
KRUGMAN, Paul and Robin Wells. Macroeconomics. 7th ed. Duffield: Worth Publishers, 2024. 656 p. ISBN 978-1319415907.
FRANK, Robert H., Ben BERNANKE, Kate ANTONOVICS and Ori HEFFETZ. Principles of Macroeconomics. Columbus: McGraw Hill, 2021. 544 p. ISBN 978-1264250318.
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| Recommended Reading: |
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BURDA, Michael, C. and Charles WYPLOSZ. Macroeconomics: A European Text. 8th ed. Oxford: Oxford University Press, 2022. 604 p. ISBN 978-0192893574.
CASE, Karl E, Ray C. FAIR and Sharon E. OSTER. Principles of Macroeconomics. 13 th ed. London: Pearson, 2019. 480 p. ISBN 978-1292303826.
COPPOCK, Lee and Dirk MATEER. Principles of Macroeconomics. 4th ed. New York: W. W. Norton & Company, 2023. 768 p. ISBN 978-1324034001.
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BURDA, Michael, C. and Charles WYPLOSZ. Macroeconomics: A European Text. 8th ed. Oxford: Oxford University Press, 2022. 604 p. ISBN 978-0192893574.
CASE, Karl E, Ray C. FAIR and Sharon E. OSTER. Principles of Macroeconomics. 13 th ed. London: Pearson, 2019. 480 p. ISBN 978-1292303826.
COPPOCK, Lee and Dirk MATEER. Principles of Macroeconomics. 4th ed. New York: W. W. Norton & Company, 2023. 768 p. ISBN 978-1324034001.
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| Planned learning activities and teaching methods |
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| Lectures, Seminars, Individual consultations |
| Assesment methods and criteria |
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| Tasks are not Defined |