SubjectsSubjects(version: 861)
Course, academic year 2019/2020
  
Principles of Economics II - JEB102
Title: Principles of Economics II
Guaranteed by: Institute of Economic Studies (23-IES)
Faculty: Faculty of Social Sciences
Actual: from 2019
Semester: summer
Points: 6
E-Credits: 6
Examination process: summer s.:
Hours per week, examination: summer s.:2/2 Ex [hours/week]
Capacity: 172 / 171 (172)
Min. number of students: unlimited
State of the course: taught
Language: English
Teaching methods: full-time
Additional information: http://ies.fsv.cuni.cz/en/syllab/JEB102
Note: course can be enrolled in outside the study plan
enabled for web enrollment
priority enrollment if the course is part of the study plan
Guarantor: doc. Petr Janský, M.Sc., Ph.D.
Teacher(s): Shahriyar Aliyev
Mgr. Arun Denduluri
doc. Petr Janský, M.Sc., Ph.D.
Mgr. Jan Mareš
Mgr. Tereza Palanská
Mgr. Miroslav Palanský
Ing. Weizhi Sun
Pre-requisite : {Group of prerequisites can be fullfiled either by subject JEB101 or JEM163}
Incompatibility : JEB004, JPB330
Interchangeability : JEB004
N//Is incompatible with: JEB004, JEB998, JPB330
P//Is pre-requisite for: JEB114, JEB152
Z//Is interchangeable with: JEB004
Files Comments Added by
download Syllabus Principles of Economics II 2020.pdf Syllabus 2020 Mgr. Miroslav Palanský
Annotation -
Last update: doc. Petr Janský, M.Sc., Ph.D. (13.11.2019)
This course introduces economic thinking and basic principles of macroeconomics for economics students as well as for non-economists.
Literature -
Last update: Mgr. Miroslav Palanský (30.01.2020)

Readings

The course follows the material that is present in almost identical form in either of the following two textbooks: Mankiw, N.G., Taylor, M.P.: Economics (4th edition) or Mankiw, N.G.: Principles of Economics (7th edition). In addition to attending lectures and seminars, students are encouraged to read one of these textbooks. There are a number of copies of these textbooks available in the IES library (and some in the CERGE-EI library). The supporting web pages of this course include the webpage of the Principles textbook, which has useful student hand-outs and other student resources. Also, there is a Czech-English dictionary specifically designed for you by one graduate of the Principles course, Michal Spišiak. It includes a translation of every key word from the Principles textbook and you can access it at http://dictionary.fsv.cuni.cz.

Please note that a number of other introductory economics texts provide almost equivalent service to the student as the above listed textbooks. Especially, please consider visiting the webpage of CORE with an excellent free online textbook.

Requirements to the exam -
Last update: Mgr. Miroslav Palanský (30.01.2020)

Requirements and assessment

Students attend lectures and seminars, which are organised for their benefit. Students are encouraged to provide feedback during the semester so that teaching in ongoing seminars and lectures can be improved. Experience shows that there is a strong positive correlation between attendance at lectures and seminars and good results in exams.

Students can choose between two main alternatives for final examination. Students can decide either to sit in for an exam at the end of the semester (100 % of the grade) or to combine the exam (70 %) with assignments mainly in an online MindTap system during the semester (30 %). The exam is a test that includes various questions such as problem sets and multiple choices (for which students can prepare at seminars). MindTap assignments are submitted on a weekly basis (more on MindTap and how to purchase it is at the end of the syllabus for the Principles of Economics I course). In case MindTap would worsen the grade, only the exam’s result is taken into account. For both MindTap and the exam, the grading follows this simple rule: the total number of points received is divided by the maximum number of points that could have been received. To pass the course, students are required to score at least 50 % from the exam.

Additionally, it is possible for the instructors to award extra points for extraordinary activity of students during seminars (a maximum of 0.5 percentage point per session and 5 percentage points during the whole course) that count as percentage points towards the grade in addition to those outlined above. Furthermore, if students agree with the seminar tutor, they can prepare a presentation for up to 5 extra points.

The grading follows these rules. Students’ total points obtained correspond to the grades A-F according to the following intervals: A: [100-90); B: [90-80); C: [80-70); D: [70-60); E: [60-50); F (Fail): 50 and less.

Syllabus -
Last update: Mgr. Miroslav Palanský (02.03.2020)

Principles of Economics II

Summer Semester 2020, JEB102 & JPB330

Charles University, Faculty of Social Sciences, Institute of Economic Studies

This course introduces economic thinking and basic principles of macroeconomics for economics students as well as for non-economists.

Principles of Economics II is an introductory economics course with lectures and seminars for students of: Bachelor in Economics and Finance (mandatory course), Bachelor of Science in Economics (mandatory course, an alternative is Ekonomie II), International Economic and Political Studies and students of any other degree at Charles University with an interest in economics or economic policy. Please sign up for the course and select one of the seminars in the Student Information System.

The course begins with the first lecture on Wednesday, 19th February at 14:00 in room no. 109. The location of all lecture and seminar rooms is at the Institute of Economic Studies at Opletalova 26, Praha.

Lecturers and seminar tutors

Petr Janský (emailweb), Jan Mareš (email ,web), Miroslav Palanský (emailweb), Tereza Palanská (emailweb), Shahriyar Aliyev (emailweb), Arun Denduluri (emailweb), Weizhi Sun (emailweb).

Lectures and seminars

 

Day

Time

Room

Notes

Lectures

Wednesday

14:00-15:20

O109

 

Seminars

Wednesday

Wednesday

Wednesday

Thursday

15:30-16:50

17:00-18:20

18:30-19:50

17:00-18:20

O206

O105

O206

O105

CANCELLED 

 Seminar for students of JPB330

At lectures, students learn about the principles of macroeconomics in a way that prepares them for further study of economics as well as their future professional careers. In addition to the course lecturers, guest lecturers are sometimes invited to contribute to the lectures and thus enrich the course.

In each week, the four seminars are taught by one of the seminar tutors. Shahriyar Aliyev is responsible for final exams, with which other instructors help out. Tereza Palanská is responsible for MindTap. Please do not hesitate to contact them in case you have questions related to these issues.

Requirements and assessment

Students attend lectures and seminars, which are organised for their benefit. Students are encouraged to provide feedback during the semester so that teaching in ongoing seminars and lectures can be improved. Experience shows that there is a strong positive correlation between attendance at lectures and seminars and good results in exams.

Students can choose between two main alternatives for final examination. Students can decide either to sit in for an exam at the end of the semester (100 % of the grade) or to combine the exam (70 %) with assignments mainly in an online MindTap system during the semester (30 %). The exam is a test that includes various questions such as problem sets and multiple choices (for which students can prepare at seminars). MindTap assignments are submitted on a weekly basis (more on MindTap and how to purchase it is at the end of the syllabus for the Principles of Economics I course). In case MindTap would worsen the grade, only the exam’s result is taken into account. For both MindTap and the exam, the grading follows this simple rule: the total number of points received is divided by the maximum number of points that could have been received. To pass the course, students are required to score at least 50 % from the exam.

Additionally, it is possible for the instructors to award extra points for extraordinary activity of students during seminars (a maximum of 0.5 percentage point per session and 5 percentage points during the whole course) that count as percentage points towards the grade in addition to those outlined above. Furthermore, if students agree with the seminar tutor, they can prepare a presentation for up to 5 extra points.

The grading follows these rules. Students’ total points obtained correspond to the grades A-F according to the following intervals: A: [100-90); B: [90-80); C: [80-70); D: [70-60); E: [60-50); F (Fail): 50 and less.

Readings

The course follows the material that is present in almost identical form in either of the following two textbooks: Mankiw, N.G., Taylor, M.P.: Economics (4th edition) or Mankiw, N.G.: Principles of Economics (7th edition). In addition to attending lectures and seminars, students are encouraged to read one of these textbooks. There are a number of copies of these textbooks available in the IES library (and some in the CERGE-EI library). The supporting web pages of this course include the webpage of the Principles textbook, which has useful student hand-outs and other student resources. Also, there is a Czech-English dictionary specifically designed for you by one graduate of the Principles course, Michal Spišiak. It includes a translation of every key word from the Principles textbook and you can access it at http://dictionary.fsv.cuni.cz.

Please note that a number of other introductory economics texts provide almost equivalent service to the student as the above listed textbooks. Especially, please consider visiting the webpage of CORE with an excellent free online textbook.

 

Weekly schedule

Week

Day (2020)

Lecturer

Seminar tutor

Themes

Chapters1

1

Feb 19

Miroslav Palanský

Tereza Palanská

Measuring a Nation’s Income

23

2

Feb 26

Tereza Palanská

Tereza Palanská

Measuring the Cost of Living

24

3

Mar 4

Miroslav Palanský

Arun Denduluri

Production and Growth

25

4

Mar 11

Miroslav Palanský

Arun Denduluri

Saving, Investment and the Financial System; The Basic Tools of Finance

26, 27

5

Mar 18

Miroslav Palanský

Arun Denduluri

Unemployment

28

6

Mar 25

Miroslav Palanský

Weizhi Sun

The Monetary System; Money Growth and Inflation

29, 30

7

Apr 1

Jan Mareš

Shahriyar Aliyev

Aggregate Demand and Aggregate Supply

33

8

Apr 8

Jan Mareš

Shahriyar Aliyev

The Influence of Monetary and Fiscal Policy on Aggregate Demand; The Short-Run Trade-off between Inflation and Unemployment

34, 35

9

Apr 15

Petr Janský

Weizhi Sun

Open-Economy Macroeconomics: Basic Concepts; A Macroeconomic Theory of the Open Economy

31, 32

10

Apr 22

Petr Janský

Weizhi Sun

Common Currency Areas and European Monetary Union

 

11

Apr 29

Petr Janský

 

The Financial Crisis

 

12

May 6

 

 

No teaching this week – May 6 is Rector’s day at Charles University.

 

13

May 13

 

 

No teaching this week – students can sit in for the first exam on May 13.

 

1 The relevant textbook is Mankiw, N.G.: Principles of Economics (7th edition).

 
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