D_MOE Open Economy Macroeconomics

Faculty of Economics and Administration
Autumn 2004
Extent and Intensity
0/0. Type of Completion: zk (examination).
Teacher(s)
Doc. Ing. Miroslav Kuře, CSc. (lecturer)
Guaranteed by
prof. Ing. Ladislav Ivánek, DrSc.
Contact Person: prof. Ing. Ladislav Ivánek, DrSc.
Timetable
Fri 5. 11. 10:00–16:00 433, Fri 3. 12. 10:00–16:00 S310, Fri 28. 1. 10:00–16:00 S307
Course Enrolment Limitations
The course is only offered to the students of the study fields the course is directly associated with.
fields of study / plans the course is directly associated with
Course objectives
The subjects aims to analyze the international dimensions of economic life. It uses the macroeconomic theory as a tool for understanding the structure and functioning of open economy. It analyses the impact of international transactions on the macroeconomic situation of the country and the impact of internal and external factors on the open economy equilibrium. It also evaluates the fiscal and monetary policy efficiency under different external circumstances. The subject studies the problems of open economies in the context of new reality of the world economy in the form of interdependence and globalization. The content of the course includes the following topics: International trade and economic growth. Models of international trade. Balanced and imbalanced growth in open economy. Impacts of economic growth and international trade. Impact of boom in the export sector in underdeveloped and developed economies. Product and revenue in open economy. Model with the function of net export: impact of import reduction, export subsidy and devaluation. Goods and services markets in open economy. IS curve in open economy. Money in open economy. Exchange market. Determinants of demand for exchange and exchange supply. Open economy, balance of payments and the stock of money. The LM curve in the open economy. Balance of payment and derivation of the BOP curve. Variables of the current and capital accounts and the balance of payments equilibrium. International capital mobility, exchange rate and the BOP curve. IS-LM-BOP model. Disequilibrium of payment and the shift towards the general equilibrium using fixed and floating rates. The efficiency of macroeconomic policy in the open economy using different modes of exchange rate and perfect and imperfect international capital mobility. Global macroeconomic interdependence. Macroeconomic policy in the interdependent world.
Language of instruction
Czech
Further comments (probably available only in Czech)
The course can also be completed outside the examination period.
The course is taught annually.
General note: Zkoušku vykonat do konce následujícího semestru.
Information on the extent and intensity of the course: 24 hodin přednášek za semestr.
The course is also listed under the following terms Autumn 1999, Autumn 2000, Autumn 2001, Autumn 2002, Autumn 2003, Autumn 2005, Autumn 2006, Autumn 2007, Autumn 2008.
  • Enrolment Statistics (Autumn 2004, recent)
  • Permalink: https://is.muni.cz/course/econ/autumn2004/D_MOE