MPE_MPVS Macroeconomics

Faculty of Economics and Administration
Autumn 2020
Extent and Intensity
2/2/0. 5 credit(s). Type of Completion: zk (examination).
Teacher(s)
prof. Ing. Martin Kvizda, Ph.D. (lecturer)
Ing. Tomáš Paleta, Ph.D. (lecturer)
Ing. Tomáš Paleta, Ph.D. (seminar tutor)
Guaranteed by
prof. Ing. Martin Kvizda, Ph.D.
Department of Economics – Faculty of Economics and Administration
Contact Person: PhDr. Ing. Pavla Hradecká
Supplier department: Department of Economics – Faculty of Economics and Administration
Timetable
Wed 14:00–15:50 MT205
  • Timetable of Seminar Groups:
MPE_MPVS/01: Wed 16:00–17:50 MT205, T. Paleta
Prerequisites
Previous completing of any courses is not supposed. The course is intended for the second grade of full-time studies in the field of study Administration publique.
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 course - together with Microeconomics for Public Administration - composes introduction to General Economics. It is supposed that students of Administration publique do not have any previous skills in this field. Students will develop skills at the level of intermediate macroeconomics after passing consequential course Economic theory for Administration publique.
The course is organised in the form of lectures and seminars; the lectures offer a review of the appropriate topics and the subject matter is further analysed and discussed at the seminars. Credit requirements: active participation in seminars.
Learning outcomes
At the end students should be able to:
* understand and explain elemental macroeconomic problems;
* work with information on basic macroeconomic context;
* analyze economic reality using elementary macroeconomic models.
Syllabus
  • 1. Basic principles of economics – macroeconomic approach. Macroeconomic theory and economic policy; elementary differences among macroeconomic tracks.
  • 2. National economy – definition, two- and four-sector models, production possibilities frontier. National economies and relations between them; absolute and comparative advantages.
  • 3. Externalities and market inefficiency. Private solutions of externalities and economic policy.
  • 4. Tax system, its construction, taxes and its efficiency, taxes and equity.
  • 5. Distribution of incomes – measurement of inequity, political philosophy of income’s re-distribution, poverty policy and its efficiency.
  • 6. Economic output – its measurement, national income, GDP, GNP, real and nominal product. Measurement of living costs, consumer price index, influence of inflation. Potential product.
  • 7. Economic growth, labour productivity and its determination – foreign investments, international integration and economic policy. Savings and investments – national accounts system, capital market.
  • 8. Unemployment – definition, measurement, kinds of unemployment. Minimal wage, cooperative bargaining, theory of effective wage.
  • 9. Monetary system, principle of money, banking system. Inflation – definition, reasons, costs, anti-inflation policy.
  • 10. International trade of goods, services and capital. Balance of accounts – theory and practice. Real and nominal exchange rates, foreign exchange markets, purchasing power theory, market determination of exchange rates.
  • 11. Economic fluctuations, basic theory of cycles. Aggregate supply curve, definition. Aggregate demand curve, definition.
  • 12. Monetary and fiscal policies – influence to AD, economic stabilization, short-term and long-term effects.
  • 13. Phillips curve – definition, empirical consequences. Significance of expectations in economics. Supply shocks and costs of inflation reduction.
Literature
    required literature
  • MANKIW, N. Gregory. Zásady ekonomie. Praha: Grada, 2000, 763 s. ISBN 80-7169-891-1. info
  • MANKIW, N. Gregory. Principes de l'Économie. Paris: Economica, 1998, xvi, 972. ISBN 2717835350. info
    recommended literature
  • SAMUELSON, Paul Anthony and William D. NORDHAUS. Ekonomie. 1. vyd. Praha: Svoboda, 1991, 40, 1011. ISBN 8020501924. info
  • SAMUELSON, P. A. – NORDHAUS, W. D. Economie. Paris: Economica, 2005, 782 s.
Teaching methods
The course is organised in the form of lectures and seminars; the lectures offer a review of the appropriate topics and the subject matter is further analysed and discussed at the seminars.
Assessment methods
The course ends with an oral exam in Czech language.
Language of instruction
Czech
Further comments (probably available only in Czech)
Study Materials
The course is taught annually.
Information on course enrolment limitations: Předmět je pouze pro LAP.
Listed among pre-requisites of other courses
The course is also listed under the following terms Autumn 2012, Autumn 2013, Autumn 2014, Autumn 2015, Autumn 2016, Autumn 2017, Autumn 2018, Autumn 2019, Autumn 2021, Autumn 2022, Autumn 2023, Autumn 2024.
  • Enrolment Statistics (Autumn 2020, recent)
  • Permalink: https://is.muni.cz/course/econ/autumn2020/MPE_MPVS