MPE_NKMA New Classical Macroeconomics

Faculty of Economics and Administration
Spring 2021
Extent and Intensity
2/0/0. 2 credit(s) (plus 2 credits for an exam). Recommended Type of Completion: z (credit). Other types of completion: zk (examination).
Teacher(s)
Ing. Michal Kvasnička, Ph.D. (lecturer)
Guaranteed by
Ing. Michal Kvasnička, Ph.D.
Department of Economics – Faculty of Economics and Administration
Contact Person: Mgr. Jarmila Šveňhová
Supplier department: Department of Economics – Faculty of Economics and Administration
Timetable
Mon 12:00–13:50 P403
Prerequisites
( MPE_MIE2 Microeconomics 2 )
Intermediate Microeconomics
Course Enrolment Limitations
The course is also offered to the students of the fields other than those the course is directly associated with.
fields of study / plans the course is directly associated with
there are 12 fields of study the course is directly associated with, display
Course objectives
In this course the students will be introduced to the modern macroeconomics - the New Classical Macroeconomics. They will learn how to build simple macro-models derived from microeconomic principles based on the assumption of rational expectations and adjusting markets.
Learning outcomes
At the end of this course, students will be able to understand and explain the basic causes of economic growth and fluctuations, use data about the governmental economic policy to predict its outcomes, to formulate a reasoned differential diagnosis for the current economic conditions, and be prepared to study macroeconomics on the advanced level in the consequent courses.
Syllabus
  • 1. Choice between work effort and leisure
  • 2. Market for credit and commodities
  • 3. Demand for money
  • 4. Basic market-clearing model
  • 5. Labor Market
  • 6. Money, inflation, and interest rates
  • 7. Investment and real business cycles
  • 8. Unemployment
  • 9. Economic growth
  • 10. Governmental consumption and public services
  • 11. Taxes and transfers
  • 12. Public debt
  • 13. World markets in goods and credit
Literature
    required literature
  • BARRO, Robert J. Macroeconomics. 5th ed. Prentice Hall, 2012. ISBN 978-81-203-4485-3. info
Teaching methods
Lectures
Assessment methods
The exam test is written. It consists of a mid-term test and a final test.
Language of instruction
Czech
Further Comments
Study Materials
The course is taught annually.
The course is also listed under the following terms Spring 2010, Spring 2011, Spring 2012, Spring 2013, Spring 2014, Spring 2015, Spring 2016, Spring 2017, Spring 2018, Spring 2019, Spring 2020.
  • Enrolment Statistics (recent)
  • Permalink: https://is.muni.cz/course/econ/spring2021/MPE_NKMA