ESF:PENNMA The New Neo-classical Macroec. - Course Information

PENNMA The New Neo-classical Macroeconomics

Extent and Intensity

2/0/0. 3 credit(s). Type of Completion: zk (examination).

Teacher(s)

Ing. Michal Kvasnička, Ph.D. (lecturer)

Guaranteed by

prof. Ing. Antonín Slaný, CSc.
Department of Economics – Faculty of Economics and Administration
Contact Person: Lydie Pravdová

Timetable

Wed 7:40–9:15 P201

Course Enrolment Limitations

The course is offered to students of any study field.

Course objectives

The New Neo-classical Macroeconomics (PENNMA) The main aim of the course is to introduce students to the modern macroeconomic stream - new neo-classical macroeconomics - which is a priori based on the assumption of rational expectations and adjusting markets and which is consistently trying to derive its system from microeconomic assumptions of the individual agents behaviour. Neo-classical macroeconomics constitutes one of the major schools developing modern economic theory and represents the most widespread alternative to mainstream macroeconomics. During the course, students should be introduced to the basic idea of the construction of neo-classical macroeconomics, its understanding of the process of establishing market equilibrium, determination of the aggregate product, unemployment rate and the determination of price level and inflation rate. Furthermore, within the framework of the adjusting markets model, the influence of government on the behaviour of economy will be explored. Because of the time restraints, the course limits itself to the problems of closed economy only. Success in this course does not require any special knowledge of mathematics, statistics or informatics. Examination: written and oral.

Language of instruction

Czech

Further Comments

The course is taught annually.

• Enrolment Statistics (Spring 2002, recent)
  
• Permalink: https://is.muni.cz/course/econ/spring2002/PENNMA