Course summary:
Macroeconomics 2 is a standard intermediate macro course. It features classic long-term economy analysis and also short-term business cycle economics with Keynesian flavor.
Literature:
MANKIW, G. (2013): Macroeconomics. 8th edition. Worth Publishers. The book is in library with location code MAK-292. New edition (Ninth; 2016) is in library under MAK-302.Schedule:
| Topic | Chapter in Mankiw/8ed | Lectures (MPE_AMA2) | Seminars (MPE_ACMA) |
|---|---|---|---|
| Macroeconomic data | chapter 2 | week 1 | week 2 |
| Economic equilibrium | chapter 3 | week 2 | week 3 |
| Money and inflation | chapter 4 & 5 | week 3 | week 4 |
| Open economy | chapter 6 | week 4 | week 5 |
| Unemployment | chapter 7 | week 5 | week 6 |
| Economic growth I | chapter 8 | week 6 | week 7 |
| Economic growth II | chapter 9 | week 7 | week 8 |
| Economic fluctuations & ISLM model | chapters 10-12 | week 8 | week 10 |
| Mundell-Fleming model | chapter 13 | week 10 | week 11 |
| Aggregate supply and Phillips curve | chapter 14 | week 11 | week 12 |
| Monetary and fiscal policy | chapter 18 & 19 | week 12 | week 13 |
| Consumption | chapter 16 | week 13 | week 13 |
Exam
The exam is written only. The test has 50 questions with four choices with always one choice correct. (Sample test here)
Net time for the exam is 70 minutes. You can use ordinary calculator, but you cannot use cell phone/tablet/any similar device.
Organizational note: Exam terms are shared with Czech versions of the course. If you come some 20-25 minutes earlier, you can be let in the room first in line.
Grading:
correct answer is for 1 point, incorrect or no answer is for 0 points.
Grading scale:
A: 50–46 points
B: 45–43 points
C: 42–40 points
D: 39–37 points
E: 36–34 points
F: 33 points or less
Any copying, recording or leaking tests, use of unauthorized tools, aids and communication devices, or other disruptions of objectivity of exams (credit tests) will be considered non-compliance with the conditions for course completion as well as a severe violation of the study rules. Consequently, the teacher will finish the exam (credit test) by awarding grade "F" in the Information System, and the Dean will initiate disciplinary proceedings that may result in study termination.
Exam dates
Exam dates will be in the Information System. All the exams are shared with Czech course equivalents. Please reserve a slot for the exam in the Information System if you want to come. After the test is graded, you can have a look at the exam (in my office) if you are interested. Please write me an e-mail if you want to have a look at your exam.
There will also be one resit in the beginning of the fall semester (according to Sec. 16 (5) a) SER). This resit will be on Saturday or Sunday in the first or second week of the fall semester. The day and time will be for technical reasons (in particular the possibility to book the room) specified during the first week of the fall semester. Note that if you want to participate in the resit in the fall semester, you typically have to have enough credits to progress to the next semester (check with your regular student advisor).
Consultations
Jan Čapek, office # 506During the semester the consultation hours are on Wednesdays, after the lecture, 11am-12am, eventually different day/time (write e-mail)
During the exam period it is always necessary to arrange the consultation in advance: capek@econ.muni.cz.