UCP:EKE13 Macroeconomics - Informace o předmětu

EKE13 Macroeconomics

Rozsah

2/2. 5 kr. Ukončení: zk.

Vyučující

Ing. Petr Balcar, MSBE (přednášející)

Garance

Ing. Petr Balcar, MSBE
Katedra ekonomie a ekonomiky – University College Prague – Vysoká škola mezinárodních vztahů a Vysoká škola hotelová a ekonomická s.r.o.

Omezení zápisu do předmětu

Předmět je nabízen i studentům mimo mateřské obory.

Mateřské obory/plány

• Hotelnictví (program UCP, BC) (2)

Cíle předmětu

The EKE13-00-MIC 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 financial markets, monetary and fiscal policy, inflation, unemployment, international markets, 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 microeconomics.

The EKE13-00-MAC course is a theoretical follow-up of the Macroeconomics EK014. These two courses are aimed to be a basis for applied economics in Enterprise economics EKE003.
The follow up course on the master’s level is EKE113 Macroeconomics.

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.

Osnova

• 1. Macroeconomics: The Big Picture a. Growth of Real GDP and Business Cycles b. Price-Level Changes c. Unemployment d. Review and Practice
  
• 2. Measuring Total Output and Income a. Measuring Total Output b. Measuring Total Income c. GDP and Economic Well-Being d. Review and Practice
  
• 3. Aggregate Demand and Aggregate Supply a. Aggregate Demand b. Aggregate Demand and Aggregate Supply: The Long Run and the Short Run c. Recessionary and Inflationary Gaps and Long-Run Macroeconomic Equilibrium d. Review and Practice
  
• 4. Economic Growth a. The Significance of Economic Growth b. Growth and the Long-Run Aggregate Supply Curve c. Determinants of Economic Growth d. Review and Practice
  
• 5. The Nature and Creation of Money a. What Is Money? b. The Banking System and Money Creation c. The Federal Reserve System, ČNB d. Review and Practice
  
• 6. Financial Markets and the Economy a. The Bond and Foreign Exchange Markets b. Demand, Supply, and Equilibrium in the Money Market c. Review and Practice
  
• 7. Monetary Policy and the Central Bank a. Monetary Policy principles b. Problems and Controversies of Monetary Policy c. Monetary Policy and the Equation of Exchange d. Review and Practice
  
• 8. Government and Fiscal Policy a. Government and the Economy b. The Use of Fiscal Policy to Stabilize the Economy c. Issues in Fiscal Policy d. Review and Practice
  
• 9. Consumption and the Aggregate Expenditures Model a. Determining the Level of Consumption b. The Aggregate Expenditures Model c. Aggregate Expenditures and Aggregate Demand d. Review and Practice
  
• 10. Investment and Economic Activity a. The Role and Nature of Investment b. Determinants of Investment c. Investment and the Economy d. Review and Practice
  
• 11. Net Exports and International Finance a. The International Sector: An Introduction b. International Finance c. Exchange Rate Systems d. Review and Practice
  
• 12. Inflation and Unemployment a. Relating Inflation and Unemployment b. Explaining Inflation–Unemployment Relationships c. Inflation and Unemployment in the Long Run d. Review and Practice
  
• 13. A Brief History of Macroeconomic Thought and Policy a. The Great Depression and Keynesian Economics b. Keynesian Economics in the 1960s and 1970s c. An Emerging Consensus: Macroeconomics for the Twenty-First Century d. Review and Practice
  
• 14. Economic Development a. The Nature and Challenge of Economic Development b. Population Growth and Economic Development c. Keys to Economic Development d. Review and Practice
  

Literatura

povinná literatura
• • Libby Rittenberg and Timothy Tregarthen, Principles of Macroeconomics, 2009, ISBN 13: 978-1-4533-3282-5 http://catalog.flatworldknowledge.com/bookhub/reader/5534

doporučená literatura
• • Frank, H. R. - Bernanke, B. S. Ekonomie. 2002. vyd. Praha: Grada Publishing, 2002. ISBN 80-247-0471-4
• • Mankiw, Gregory N. Principles of economics. 1999. vyd. Praha: Grada Publishing, 1999. ISBN 80-7169-891-1. info
• • Samuelson, Paul A. - Nordhaus, William D. Economics. 2007. vyd. Praha: NS Svoboda, 2007. ISBN 978-80-205-0590-3. info
• • Vlček, Josef. Ekonomie a ekonomika. 2009. vyd. Praha: Wolters Kluwer, 2009. ISBN 978-80-7357-478-9. info

Výukové metody

Course content: Presence study / Combined study (hours) Lectures - 26/15 Seminars - 26/0 Individual study - 78/115 Total - 130/130

Metody hodnocení

Requirement for passing: Presence study / Combined study (70%) Written tests - 100/60 Oral exam - 100/40 Total - 100/100
Special conditions and details - min. 80% presence in seminars (pres.)

Vyučovací jazyk

Angličtina

Informace učitele

Requirements:

The student will take tests over the course and write papers on particular topics related to the basic course material. All these are aimed to deepen the student’s knowledge of the topic chosen, encourage the ability to formulate the professional topic and work with the literature and other sources. The papers will be handed in before the end of the semester and will be evaluated according to the ECTS scale. The papers must be evaluated prior to taking the final exam. Simultaneously, presence will be assessed to determine if the students qualify for the course completion, the final exam resp.

Further comments
In exceptional cases a student may finish the course at other times than the examination period The course is taught every semester The course runs every week

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