PENNMA New Classical Macroeconomics

Faculty of Economics and Administration
Spring 2008
Extent and Intensity
1/1/0. 3 credit(s). Type of Completion: zk (examination).
Teacher(s)
Ing. Michal Kvasnička, Ph.D. (lecturer)
Guaranteed by
prof. PhDr. Kamil Fuchs, CSc.
Department of Economics – Faculty of Economics and Administration
Contact Person: Lydie Pravdová
Timetable of Seminar Groups
PENNMA/1: Mon 13:45–15:20 S309, M. Kvasnička
PENNMA/2: Mon 12:00–13:35 S309, M. Kvasnička
Prerequisites
pemik2 Microeconomics II
Microeconomics II
Course Enrolment Limitations
The course is also offered to the students of the fields other than those the course is directly associated with.
The capacity limit for the course is 38 student(s).
Current registration and enrolment status: enrolled: 0/38, only registered: 0/38, only registered with preference (fields directly associated with the programme): 0/38
fields of study / plans the course is directly associated with
Course objectives
The main aim of the course is to introduce students to the modern macroeconomic stream - New 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. New Classical Cacroeconomics 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 New 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.
Syllabus (in Czech)
  • 1. Úvod. Volba mezi pracovním nasazením a volným časem 2. Trh úvěrů a statků 3. Poptávka po penězích 4. Základní model vyčišťujících se trhů 5. Trh práce 6. Peníze, inflace a úrokové míry 7. Investice a reálný hospodářský cyklus 8. Nezaměstnanost 9. Růst hospodářství 10. Vládní spotřeba a veřejné služby 11. Daně a transfery 12. Státní dluh 13. Světový trh statků a úvěru
Literature
  • BARRO, Robert J. Macroeconomics. 5th ed. Cambridge: MIT Press, 1997, xxv, 867. ISBN 0262024365. info
Assessment methods (in Czech)
Výuka probíhá formou samostatné přípravy a interaktivního semináře. Zkouška je písemná a skládá se z půlsemestrální a konečné písemky.
Language of instruction
Czech
Further Comments
Study Materials
The course is taught annually.
Teacher's information
http://www.econ.muni.cz/~qasar/vyuka.html#barro
The course is also listed under the following terms Spring 2002, Spring 2003, Spring 2004, Spring 2005, Spring 2006, Spring 2007, Spring 2009.
  • Enrolment Statistics (Spring 2008, recent)
  • Permalink: https://is.muni.cz/course/econ/spring2008/PENNMA