D_DM Dynamic Macroeconomics

Faculty of Economics and Administration
Spring 2009
Extent and Intensity
12/0. 2 credit(s). Type of Completion: zk (examination).
Teacher(s)
Ing. Petr Harasimovič (lecturer), doc. Ing. Libor Žídek, Ph.D. (deputy)
Guaranteed by
prof. Ing. Antonín Slaný, CSc.
Department of Economics – Faculty of Economics and Administration
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
In the first part of the course mathematical tools for modern macroeconomic analysis will be introduced. Then macroeconomic models will be presented that are related to macroeconomic issues like unemployment, tax policy, social insurance, economic fluctuations etc. Models will be presented in a simple form with emphasis on understanding of main principles of each model and its applicability on the analysis of a given macroeconomic issue. Students will also learn to solve some of the presented models using the computational software Matlab. Good knowledge of consumer choice theory from the course Microeconomics II and of the theory of constrained optimization from the course Economic-mathematical Methods I is needed. This course also partially extends the course New Classical Macroeconomics. Good knowledge of english language is useful but not necessary.
Syllabus
  • 12 hours in total: 1 - Introduction to the course 3 - Theory of dynamic programming and the Neoclassical Growth Model 2 - Model of Overlapping Generations (OLG) 4 - Models of Unemployment 2 - Economic fluctuations and the theory of Real Business Cycles (RBC)
Literature
  • LJUNGQVIST, Lars and Thomas J. SARGENT. Recursive macroeconomic theory. 2nd ed. Cambridge, Mass.: MIT Press, 2004, xxxiv, 108. ISBN 026212274X. info
  • STOKEY, Nancy L., Robert E. LUCAS and Edward C. PRESCOTT. Recursive methods in economic dynamics. Cambridge, Mass.: Harvard University Press, 1989, xviii, 588. ISBN 0674750969. info
Assessment methods
The course is completed by a written exam. A necessary condition for the completion of the course is to reach at least 60% score from the final exam and to submit all homeworks that will be announced occasionally. Total grade will be composed from 70% of the exam grade and from 30% of the homeworks grades.
Language of instruction
Czech
Further comments (probably available only in Czech)
The course is taught annually.
The course is taught in blocks.
Information on the extent and intensity of the course: 12 hodin za semestr.
The course is also listed under the following terms Spring 2007, Spring 2008.
  • Enrolment Statistics (recent)
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