PEMAAN Macroeconomic Analysis

Faculty of Economics and Administration
Spring 2009
Extent and Intensity
2/2/0. 5 credit(s). Type of Completion: zk (examination).
Teacher(s)
Ing. Miroslav Hloušek, Ph.D. (lecturer)
Guaranteed by
prof. Ing. Osvald Vašíček, CSc.
Department of Economics – Faculty of Economics and Administration
Contact Person: Lydie Pravdová
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
Main objective of this course is to develop and use basic techniques of macroeconomic analysis (filtration, correlation, regression analysis) for work with empirical data (time series). The accent is on evaluation and interpretation of the results.
At the end of this course students will be able to:
- make basic transformation of time series (stationarization - differentiation, filtration)
- distinguish various types of shocks in economy
- examine behaviour of variables during business cycle
- routinely use tools of quantitative analysis (e.g. ordinary least square method)
- interpret and evaluate restults of estimation of single-equation models
- compare empirical results with economic theory
- analyze behaviour of small macroeconomic model
- identify sources of economic growth
- understand behaviour of nominal exchange rate
Syllabus
  • 1. Introduction into Matlab software
  • 2. Nominal and real exchange rate, inflation rate, real interest rate - basic calculations
  • 3. Stationarity of time series (filtration, demand and supply shocks)
  • 4. Stylized facts of business cycle (correlation)
  • 5. OLS, gap of GDP, simulation of AR(1) process
  • 6. Demand for money (error correction method)
  • 7. Okun's law
  • 8. Macroeconomic model (VAR model)
  • 9. Growth accounting (Solow model)
  • 10. Uncovered interest parity condition (disparity)
Literature
  • BURDA, Michael C. and Charles WYPLOSZ. Macroeconomics : a European text. 4th ed. Oxford: Oxford University Press, 2005, xix, 576. ISBN 0199264961. info
Assessment methods
practical examination (on PC) - work with data, interpretation of results, (open book exam)
Language of instruction
Czech
Further comments (probably available only in Czech)
The course is taught annually.
The course is taught every week.
Information on course enrolment limitations: Předmět je určen pouze zahraničním studentům
Teacher's information
http://www.econ.muni.cz/~hlousek/teaching/maan.html
The course is also listed under the following terms Autumn 2001, Autumn 2002, Spring 2005, Spring 2006, Spring 2007, Spring 2008.
  • Enrolment Statistics (recent)
  • Permalink: https://is.muni.cz/course/econ/spring2009/PEMAAN