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Let me kindly ask you not to send your questions to Professor Horvath. He does not teach the course.
Feel free to contact Lukáš Jordán at lukas.jordan@cerge-ei.cz or Anna Drahozalová at Andulka.Drahozalova@gmail.com if you have any questions.
You are encouraged to ask questions during the lectures and/or seminars.
!!! Email your professors in case the question cannot be asked during the seminar or lecture!!!
This course gives an introduction to macroeconomics at the intermediate level. The course is organized around a series of key macroeconomic issues such as:
Why are some countries rich and other countries remain poor?
Why do we have recessions?
Can policymakers do something about it?
Why some people cannot find a job?
Why do we have inflation? Is it good or bad?
Last update: Ing. Lukáš Jordán, M.A. (22.09.2023)
***********************************************************************************************************************************************************************
Let me kindly ask you not to send your questions to Professor Horvath. He does not teach the course.
Feel free to contact Lukáš Jordán at lukas.jordan@cerge-ei.cz or Anna Drahozalová at Andulka.Drahozalova@gmail.com if you have any questions.
You are encouraged to ask questions during the lectures and/or seminars.
!!! Email your professors in case the question cannot be asked during the seminar or lecture!!!
This course gives an introduction to macroeconomics at the intermediate level. The course is organized around a series of key macroeconomic issues such as:
Why are some countries rich and other countries remain poor?
Why do we have recessions?
Can policymakers do something about it?
Why some people cannot find a job?
Why do we have inflation? Is it good or bad?
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. (23.10.2019)
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: Ing. Lukáš Jordán, M.A. (22.09.2023)
50% of the grade: Final exam
30% of the grade: Midterm exam
16% of the grade: Problem sets
4% of the grade: Seminar attendance
Pass: 51% of total points AND 50% of the final exam AND submission of at least three problem sets
Grading:
91-100 % => A
81-90 % => B
71-80 % => C
61-70 % => D
51-60 % => E
0-50 % => F
Last update: Ing. Lukáš Jordán, M.A. (22.09.2023)
50% of the grade: Final exam
30% of the grade: Midterm exam
16% of the grade: Problem sets
4% of the grade: Seminar attendance
Pass: 51% of total points AND 50% of the final exam AND submission of at least three problem sets
Grading:
91-100 % => A
81-90 % => B
71-80 % => C
61-70 % => D
51-60 % => E
0-50 % => F
Literature -
Last update: Ing. Lukáš Jordán, M.A. (22.09.2023)
Primary textbook:
Mankiw, Gregory N. (2010). Macroeconomics (7th Edition). Worth Publishers.
Alternative textbooks (optional):
Barro, Robert J. (1997). Macroeconomics (5th Edition). The MIT Press. Barro, Robert J. & Sala-i-Martin, Xavier (2004). Economic Growth (2nd Edition). The MIT Press. (Chapter 1)
Papers (optional):
Solow, Robert. M. (1956). A contribution to the theory of economic growth. Quarterly Journal of Economics, 70(1), 65-94. Doi.org/10.2307/1884513
Swan, Trevor W. (1956), ECONOMIC GROWTH and CAPITAL ACCUMULATION. Economic Record, 32, 334-361. Doi.org/10.1111/j.1475-4932.1956.tb00434.x
Last update: Ing. Lukáš Jordán, M.A. (22.09.2023)
Primary textbook:
Mankiw, Gregory N. (2010). Macroeconomics (7th Edition). Worth Publishers.
Alternative textbooks (optional):
Barro, Robert J. (1997). Macroeconomics (5th Edition). The MIT Press. Barro, Robert J. & Sala-i-Martin, Xavier (2004). Economic Growth (2nd Edition). The MIT Press. (Chapter 1)
Papers (optional):
Solow, Robert. M. (1956). A contribution to the theory of economic growth. Quarterly Journal of Economics, 70(1), 65-94. Doi.org/10.2307/1884513
Swan, Trevor W. (1956), ECONOMIC GROWTH and CAPITAL ACCUMULATION. Economic Record, 32, 334-361. Doi.org/10.1111/j.1475-4932.1956.tb00434.x
Pass: 51% of total points AND 50% of the final exam AND submission of at least three problem sets
Last update: Ing. Lukáš Jordán, M.A. (22.09.2023)
50% of the grade: Final exam
30% of the grade: Midterm exam
16% of the grade: Problem sets
4% of the grade: Seminar attendance
Pass: 51% of total points AND 50% of the final exam AND submission of at least three problem sets
Syllabus -
Last update: Ing. Lukáš Jordán, M.A. (22.09.2023)
Academic year 2023-2024:
The first lecture of the first week will take place on October 3 (Tuesday) at 2 pm (14:00).
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
Last update: Ing. Lukáš Jordán, M.A. (22.09.2023)
Academic year 2023-2024:
The first lecture of the first week will take place on October 3 (Tuesday) at 2 pm (14:00).
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
Registration requirements -
Last update: prof. Roman Horváth, Ph.D. (20.09.2012)
The students can choose from two courses: 1) This course, which is offered in English 2) Makroekonomie I (http://ies.fsv.cuni.cz/en/syllab/JEB009), which is taughted by Dr. Hlavacek in Czech. Clearly, students, which do not speak Czech should enroll for our course and the students speaking Czech can freely decide, which course they choose. However, note that the students have to make their decision within the first 2 weeks of semester and register in the SIS. Once they choose English or Czech version of the course, they are recommended to stick to their choice in the following semester, too.
Last update: prof. Roman Horváth, Ph.D. (23.10.2019)
The students can choose from two courses: 1) This course, which is offered in English 2) Makroekonomie I (http://ies.fsv.cuni.cz/en/syllab/JEB009), which is taughted by Dr. Hlavacek in Czech. Clearly, students, which do not speak Czech should enroll for our course and the students speaking Czech can freely decide, which course they choose. However, note that the students have to make their decision within the first 2 weeks of semester and register in the SIS. Once they choose English or Czech version of the course, they are recommended to stick to their choice in the following semester, too.
