PETOE Open Economy Theory

Faculty of Economics and Administration
Autumn 2007
Extent and Intensity
2/2/0. 5 credit(s). Type of Completion: zk (examination).
Teacher(s)
Ing. Bc. Dana Dobešová (lecturer)
Ing. Bc. Dana Dobešová (seminar tutor)
Guaranteed by
prof. Ing. Pavel Ondrčka, CSc.
Department of Economics – Faculty of Economics and Administration
Contact Person: Lydie Pravdová
Timetable
Mon 9:20–11:00 S309
  • Timetable of Seminar Groups:
PETOE/1: Mon 11:05–12:45 S309, D. Dobešová
Prerequisites (in Czech)
PEMIK2 Microeconomics II && PEMAII Macroeconomics II
Course Enrolment Limitations
The course is also offered to the students of the fields other than those the course is directly associated with.
fields of study / plans the course is directly associated with
Course objectives
Open Economy Theory (PETOE) The aim of this course is to provide students with a standard analytical apparatus for exploring economic equilibrium and impacts of economic and political measures or various sorts of economic shocks within the given model structure in the open economy. The subject matter can be divided into several basic areas, which are interrelated: 1. Principal concepts of open economy (exchange rate models, balance of payment concept). 2. Derivation of a framework static model of open economy. 3. Comparative analysis in conditions of stationary equilibrium and balanced growth. 4. Analysis of mutual influence in the model of two open economies. 5. Introduction to dynamic economic models, model solution with rational expectations. 6. Monetary policy in open economy. 7. Selected applications (Dornbusch model of overshooting; failure of interest-rate parity; gold standard; model with imperfect capital mobility; J-effect and others) Seminars will be oriented on computer simulation of the theory covered. Examination: written.
Literature
  • COPELAND, L. S. Exchange Rates and International Finance. Addison-Wesley, 1994. info
  • MCCALLUM, B. T. International Monetary Economics. Oxford: Oxford University Press, 1996. info
  • OBSTFELD, M. and K. ROGOFF. Foundations of International Macroeconomics. The MIT Press, 1996. info
Language of instruction
Czech
Further comments (probably available only in Czech)
Study Materials
The course is taught annually.
Information on course enrolment limitations: max. 20 cizích studentů; cvičení pouze pro studenty ESF
The course is also listed under the following terms Autumn 2001, Autumn 2002, Autumn 2003, Autumn 2004, Autumn 2005, Autumn 2006, Autumn 2008.
  • Enrolment Statistics (Autumn 2007, recent)
  • Permalink: https://is.muni.cz/course/econ/autumn2007/PETOE