EKE13 Macroeconomics

University College Prague – University of International Relations and Institute of Hospitality Management and Economics, Ltd.
summer 2024
Extent and Intensity
2/2/0. 5 credit(s). Type of Completion: zk (examination).
Teacher(s)
doc. Ing. Martin Petříček, Ph.D. (lecturer)
doc. Ing. Martin Petříček, Ph.D. (seminar tutor)
Guaranteed by
doc. Ing. Martin Petříček, Ph.D.
Katedra ekonomie a ekonomiky – University College Prague – University of International Relations and Institute of Hospitality Management and Economics, Ltd.
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
Course objectives
The EKE13-00-MAC course introduces basic economic categories and relationships among them to the students. It explains the most important principles of macroeconomics, economic growth, national and international economics and functioning of the market mechanism. The theory of monetary and fiscal policy, inflation, unemployment and economic development are also an important part of the course. The students will be using an analytical approach when solving both theoretical and practical problems related to economic processes in macroeconomics. The EKE13-00-MAC course is a theoretical follow-up of the Microeconomics EKE14. These two courses are aimed to be a basis for applied economics in Enterprise economics EKE003.

Objectives: Overview of the economic system, functioning of the market mechanism from the aggregate point of view on both national and international levels.

Competence: After passing the course the student should be able to analyze the basic economic processes within the economic system at the national and international economic levels, in particular market situations. This should contribute towards his social competences.

Skills: Passing the course should help the student feel comfortable in the real economic world at the level of national and international economics and the student should upon passing be able to solve basic economic tasks. This skill should be a basis for successful performance in the management positions at operational or middle management levels. The ability to analyze and evaluate the behavior of the entities under the existing macroeconomic conditions is the key of the course. After the relevant course seminars the student should be able to contribute to discussing theoretical problems and their application in the real economic life.
Syllabus
  • 1. Basic Concepts in Economics
  • 2. Circular Flow of Income
  • 3. Measuring Gross Domestic Product
  • 4. Income Expenditure Model
  • 5. Aggregate Demand and Supply
  • 6. Economic Growth
  • 7. Business Cycles
  • 8. Money
  • 9. Inflation
  • 10. Unemployment
  • 11. Monetary Policy
  • 12. Fiscal Policy
  • 13. Open Economy
Literature
    required literature
  • • Mankiw, Gregory N. Principles of economics. 1999. vyd. Praha: Grada Publishing, 1999. ISBN 80-7169-891-1. info
    recommended literature
  • MAITAH, Mansoor. Macroeconomics. první. Praha: Česká zemědělská univerzita v Praze, provozně ekonomická fakulta, 2009, 180 pp. 1080. ISBN 978-80-213-1904-2. info
  • • Samuelson, Paul A. - Nordhaus, William D. Economics. 2007. vyd. Praha: NS Svoboda, 2007. ISBN 978-80-205-0590-3. info
  • • Libby Rittenberg and Timothy Tregarthen, Principles of Macroeconomics, 2009, ISBN 13: 978-1-4533-3282-5 http://catalog.flatworldknowledge.com/bookhub/reader/5534
Teaching methods
Course content: Presence study Lectures - 26 Seminars - 26
Assessment methods
Requirement for passing: Presence study Written test Oral exam Special conditions and details: 1) min. 75 % presence in seminars. 2) 5 minitest during the semester (per 2 points) 3) written credit test (10 points) The subject is finished by passing the oral exam.
Language of instruction
English
Further comments (probably available only in Czech)
Information on completion of the course: z | zk | klicovy_predmet
The course can also be completed outside the examination period.
The course is also listed under the following terms winter 2011, Summer 2012, winter 2012, Summer 2013, Summer 2014, summer 2015, summer 2016, summer 2017, summer 2018, summer 2019, summer 2020, summer 2021, summer 2022, summer 2023.
  • Enrolment Statistics (summer 2024, recent)
  • Permalink: https://is.ucp.cz/course/ucp/summer2024/EKE13