PENNMA The Neo-classical Macroeconomics

Faculty of Economics and Administration
Spring 2006
Extent and Intensity
1/1/0. 3 credit(s). Type of Completion: zk (examination).
Teacher(s)
Ing. Michal Kvasnička, Ph.D. (lecturer)
Guaranteed by
prof. PhDr. Kamil Fuchs, CSc.
Department of Economics – Faculty of Economics and Administration
Contact Person: Lydie Pravdová
Timetable
Wed 7:40–8:25 P201
  • Timetable of Seminar Groups:
PENNMA/01: Wed 8:30–9:15 P201, M. Kvasnička
PENNMA/02: Mon 12:00–13:35 S309, M. Kvasnička
Prerequisites (in Czech)
pemik2 Microeconomics II
Course Enrolment Limitations
The course is also offered to the students of the fields other than those the course is directly associated with.
The capacity limit for the course is 41 student(s).
Current registration and enrolment status: enrolled: 0/41, only registered: 0/41, only registered with preference (fields directly associated with the programme): 0/41
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
The New Neo-classical Macroeconomics (PENNMA) The main aim of the course is to introduce students to the modern macroeconomic stream - new neo-classical macroeconomics - which is a priori based on the assumption of rational expectations and adjusting markets and which is consistently trying to derive its system from microeconomic assumptions of the individual agents behaviour. Neo-classical macroeconomics constitutes one of the major schools developing modern economic theory and represents the most widespread alternative to mainstream macroeconomics. During the course, students should be introduced to the basic idea of the construction of neo-classical macroeconomics, its understanding of the process of establishing market equilibrium, determination of the aggregate product, unemployment rate and the determination of price level and inflation rate. Furthermore, within the framework of the adjusting markets model, the influence of government on the behaviour of economy will be explored. Because of the time restraints, the course limits itself to the problems of closed economy only. Success in this course does not require any special knowledge of mathematics, statistics or informatics. Examination: written and oral.
Literature
  • BARRO, Robert J. Macroeconomics. 5th ed. Cambridge: MIT Press, 1997, xxv, 867. ISBN 0262024365. info
Language of instruction
Czech
Further Comments
The course is taught annually.
The course is also listed under the following terms Spring 2002, Spring 2003, Spring 2004, Spring 2005, Spring 2007, Spring 2008, Spring 2009.
  • Enrolment Statistics (Spring 2006, recent)
  • Permalink: https://is.muni.cz/course/econ/spring2006/PENNMA