Last update: Mgr. Nikoloz Kudashvili, Ph.D. (15.10.2020)
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Let me kindly ask not to send your questions to Mr Horvath, he does not teach the course.
Feel free to contact Mr Kudashvili at nikoloz.kudashvili@cerge-ei.cz in case you have any questions.
You are encouraged to ask questions during the lectures and/or seminars.
!!! Send an email to your professors in case the question cannot be asked during the seminar or lecture!!!
This course gives an introduction to the macroeconomics at the intermediate level. The course will be strictly model-based. Upon successfully passing the course, you will be able to rigorously analyze and answer questions such as:
Why are some countries are rich while other countries remain poor?
Why cannot some people find a job?
Why is there inflation? Why is it bad?
What can policymakers do about inflation?
Can government policy be expansive and maintain low inflation at the same time?
Last update: Mgr. Nikoloz Kudashvili, Ph.D. (15.10.2020)
***********************************************************************************************************************************************************************
Let me kindly ask not to send your questions to Mr Horvath, he does not teach the course.
Feel free to contact Mr Kudashvili at nikoloz.kudashvili@cerge-ei.cz in case you have any questions.
You are encouraged to ask questions during the lectures and/or seminars.
!!! Send an email to your professors in case the question cannot be asked during the seminar or lecture!!!
This course gives an introduction to the macroeconomics at the intermediate level. The course will be strictly model-based. Upon successfully passing the course, you will be able to rigorously analyze and answer questions such as:
Why are some countries are rich while other countries remain poor?
Why cannot some people find a job?
Why is there inflation? Why is it bad?
What can policymakers do about inflation?
Can government policy be expansive and maintain low inflation at the same time?
Aim of the course -
Last update: prof. Roman Horváth, Ph.D. (07.01.2019)
The students will learn the basic concepts in macroeconomics in order to be able to understand and be able to discuss the topics such as the evolution of inflation, the determinants of economic growth or external imbalances.
Last update: prof. Roman Horváth, Ph.D. (07.01.2019)
The students will learn the basic concepts in macroeconomics in order to be able to understand and be able to discuss the topics such as the evolution of inflation, the determinants of economic growth or external imbalances.
Course completion requirements -
Last update: Mgr. Nikoloz Kudashvili, Ph.D. (09.09.2021)
5% of the grade: Attendance and participation
15%of the grade: Problem sets
30% of the grade: Midtrm exam
50% of the grade: Final exam
Pass: Both 50% of total points AND 50% of final exam.
Last update: Mgr. Nikoloz Kudashvili, Ph.D. (09.09.2021)
5% of the grade: Attendance and participation
15%of the grade: Problem sets
30% of the grade: Midtrm exam
50% of the grade: Final exam
Pass: Both 50% of total points AND 50% of final exam.
Literature -
Last update: Mgr. Nikoloz Kudashvili, Ph.D. (05.10.2020)
Primary textbook:
N. Gregory Mankiw (2010). Macroeconomics (7th Edition). Worth Publishers.
Alternative textbook: J. Robert Barro (2010), Intermediate Macro 1e, South Western, Cengage Learning.
Last update: Mgr. Nikoloz Kudashvili, Ph.D. (05.10.2020)
Primary textbook:
N. Gregory Mankiw (2010). Macroeconomics (7th Edition). Worth Publishers.
Alternative textbook: J. Robert Barro (2010), Intermediate Macro 1e, South Western, Cengage Learning.
Teaching methods -
Last update: Mgr. Nikoloz Kudashvili, Ph.D. (14.09.2021)
The lecture accompanied by the seminars.
Here is the link to the Lectures [FRIDAY 17:00] and Seminars [MONDAY 08:00-09:20 & Thursday 08:00-09:20]
Last update: Mgr. Nikoloz Kudashvili, Ph.D. (09.09.2021)
5% of the grade: Attendance and participation
15%of the grade: Problem sets
30% of the grade: Midtrm exam
50% of the grade: Final exam
Pass: Both 50% of total points AND 50% of final exam.
Last update: Mgr. Nikoloz Kudashvili, Ph.D. (09.09.2021)
5% of the grade: Attendance and participation
15%of the grade: Problem sets
30% of the grade: Midtrm exam
50% of the grade: Final exam
Pass: Both 50% of total points AND 50% of final exam.
Syllabus -
Last update: Mgr. Nikoloz Kudashvili, Ph.D. (09.09.2021)
AY 2021-2022: There will be no seminars in the first week of the winter semester.The first lecture will take place on the first of October.
The first seminar will take place on the fourth and seventh of October, 2021.
1) The Science of Macroeconomics, The Data of Macroeconomics [Chapters 1 and 2]
2) National Income - Where It Comes From Where It Goes [Chapter 3]
3) Money and Inflation [Chapter 4]
4) Money and Banking System [Chapter 19]
5) Open Economy - Balance of Payments, Saving and Investment in Small Open Economy, Net Exports; Exchange Rate - Real and Nominal, Power Parity Purchase, Fixed Exchange Rate Regime [Chapter 5]
6) Unemployment - Labor Demand, Labor Loss, Job Finding, Natural Rate of Unemployment, Types of Unemployment [Chapter 6]
7) Economic Growth I - Solow Model, Capital Accumulation, Golden Rule of Capital, Population Growth [Chapters 7 and 8]
8) Economic Growth I - Solow Model, Capital Accumulation, Golden Rule of Capital, Population Growth [Chapters 7 and 8]
9) Economic Growth II - Progress in Solow Model, Policy to Promote Growth, Balanced Growth Path [Chapters 7 and 8]
10) Endogenous Growth Theory, Growth Accounting [Chapters 7 and 8]
11) Government Debt and Budget Deficits [Chapter 16]
12) Final exam
Midterm exam will take place on the 12th of November.
Final exam dates:
TBD
Grading:
A: 90.1-100
B: 80.1-90
C: 70.1-80
D: 60.1-70
E: 50.1-60
F: 0-50
Here is the Moodle website for the course:
https://dl1.cuni.cz/enrol/index.php?id=12336
Password: macro
Last update: Mgr. Nikoloz Kudashvili, Ph.D. (09.09.2021)
AY 2021-2022: There will be no seminars in the first week of the winter semester.The first lecture will take place on the first of October.
The first seminar will take place on the fourth and seventh of October, 2021.
1) The Science of Macroeconomics, The Data of Macroeconomics [Chapters 1 and 2]
2) National Income - Where It Comes From Where It Goes [Chapter 3]
3) Money and Inflation [Chapter 4]
4) Money and Banking System [Chapter 19]
5) Open Economy - Balance of Payments, Saving and Investment in Small Open Economy, Net Exports; Exchange Rate - Real and Nominal, Power Parity Purchase, Fixed Exchange Rate Regime [Chapter 5]
6) Unemployment - Labor Demand, Labor Loss, Job Finding, Natural Rate of Unemployment, Types of Unemployment [Chapter 6]
7) Economic Growth I - Solow Model, Capital Accumulation, Golden Rule of Capital, Population Growth [Chapters 7 and 8]
8) Economic Growth I - Solow Model, Capital Accumulation, Golden Rule of Capital, Population Growth [Chapters 7 and 8]
9) Economic Growth II - Progress in Solow Model, Policy to Promote Growth, Balanced Growth Path [Chapters 7 and 8]
10) Endogenous Growth Theory, Growth Accounting [Chapters 7 and 8]
11) Government Debt and Budget Deficits [Chapter 16]
12) Final exam
Midterm exam will take place on the 12th of November.
