DXE_MAKR Macroeconomics

Faculty of Economics and Administration
Spring 2017
Extent and Intensity
24/0/0. 12 credit(s). Type of Completion: zk (examination).
Teacher(s)
Univ. Prof. Dr. Jesus Crespo Cuaresma (lecturer), doc. Ing. Jan Čapek, Ph.D. (deputy)
doc. Ing. Libor Žídek, Ph.D. (lecturer)
doc. Ing. Jan Čapek, Ph.D. (assistant)
Guaranteed by
doc. Ing. Libor Žídek, Ph.D.
Department of Economics – Faculty of Economics and Administration
Contact Person: Mgr. Lucie Přikrylová
Supplier department: Department of Economics – Faculty of Economics and Administration
Timetable
Thu 6. 4. 11:05–15:15 S307, Fri 7. 4. 11:05–12:35 S307, Wed 26. 4. 11:05–15:15 S307, Thu 27. 4. 11:05–12:35 S307
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
there are 22 fields of study the course is directly associated with, display
Course objectives
This course deals with modern approaches to macroeconomic policy. In particular, it assesses the role played by institutional settings as determinants of the effects of fiscal and monetary policy. This course will enable students to understand macroeconomic policy aims and instruments in a closed economy setting, as well as the transmission mechanism of fiscal and monetary shocks and the problems faced by policymakers when designing macroeconomic policy measures.
Syllabus
  • 1) The public sector budget constraint and Ricardian equivalence. (sessions 1 + 2 + 3), lit.: Romer (2006) and Ricciuti (2003) for a survey
  • 2) Deficits and inflation. (session 4), lit.: Romer (2006)
  • 3) Low-inflation monetary policy: time-inconsistency. (session 5), lit.: Romer (2006) and De Grauwe (2007)
  • 4) Liquidity traps and the zero lower bound of interest rates. (session 6), lit.: Yates (2004) for a survey
Literature
    required literature
  • Advanced macroeconomics. Edited by David Romer. 3rd ed. Boston: McGraw-Hill, 2006, xxii, 678. ISBN 0072877308. info
    not specified
  • GRAUWE, Paul de. Economics of monetary union. 7th ed. Oxford: Oxford University Press, 2007, 281 s. ISBN 9780199297801. info
  • YATES, T. Monetary policy and the zero bound to interest rates: A review. JOURNAL OF ECONOMIC SURVEYS. MALDEN: WILEY-BLACKWELL, 2004, vol. 18, No 3, p. 427-481. ISSN 0950-0804. Available from: https://dx.doi.org/10.1111/j.0950-0804.2004.00227.x. URL info
  • RICCIUTI, R. Assessing Ricardian equivalence. JOURNAL OF ECONOMIC SURVEYS. MALDEN: WILEY-BLACKWELL, 2003, vol. 17, No 1, p. 55-78. ISSN 0950-0804. Available from: https://dx.doi.org/10.1111/1467-6419.00188. URL info
Teaching methods
lectures (12h) + consultations (6h)
Assessment methods
end-term exam
Language of instruction
English
Further Comments
Study Materials
The course can also be completed outside the examination period.
The course is taught once in two years.
The course is also listed under the following terms Spring 2010, Spring 2011, Spring 2012, Spring 2013, Spring 2014, Spring 2015, Spring 2016.
  • Enrolment Statistics (recent)
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