PředmětyPředměty(verze: 901)
Předmět, akademický rok 2021/2022
  
Intermediate Macroeconomics II - JEM178
Anglický název: Intermediate Macroeconomics II
Český název: Intermediate Macroeconomics II
Zajišťuje: Institut ekonomických studií (23-IES)
Fakulta: Fakulta sociálních věd
Platnost: od 2020
Semestr: letní
E-Kredity: 6
Způsob provedení zkoušky: letní s.:
Rozsah, examinace: letní s.:2/2 Zk [hodiny/týden]
Počet míst: neurčen / neurčen (50)
Minimální obsazenost: neomezen
Virtuální mobilita / počet míst: ne
Stav předmětu: vyučován
Jazyk výuky: angličtina
Způsob výuky: prezenční
Je zajišťováno předmětem: JEB115
Poznámka: předmět je možno zapsat mimo plán
povolen pro zápis po webu
při zápisu přednost, je-li ve stud. plánu
Garant: prof. Roman Horváth, Ph.D.
Mgr. Nikoloz Kudashvili
Vyučující: Mgr. Nikoloz Kudashvili
Ing. Michal Kuchta
Mgr. Jan Pintera
Třída: Courses not for incoming students
Neslučitelnost : JEB115
Je neslučitelnost pro: JEB115
Anotace -
Poslední úprava: prof. Roman Horváth, Ph.D. (23.10.2019)
This is the second part of the Macroeconomics course. At the intermediate level it presents and analyzes questions related to aggregate demand and supply, and short run fluctuations. Its core is the (simplified) IS-LM model. Within the frames of this model this course analyzes the possible drivers of short run fluctuations. It suggests the policy instruments and regimes that can mitigate those fluctuations. The course also provides examples that map theoretical arguments presented in the class to the current processes in the real world.

Upon successful completion of this course, students will be able to better understand the short run functioning of economic systems and discern the possibilities and limits of economic theories. Students will also be able to employ basic quantitative techniques to model aggregate economic phenomena.
Podmínky zakončení předmětu -
Poslední úprava: Mgr. Nikoloz Kudashvili (21.02.2022)

40% written exam at the end of semester, 25% Problem Sets, 30% Midterm Exam, 5% attendance and participation. Grading (A-F) is in line with the Dean's decree 17/2018.

Literatura -
Poslední úprava: Julien Pinter, Dr. (05.11.2019)

N. Gregory Mankiw (2015). Macroeconomics (9th Edition). Worth Publishers. 
Student resources are accessible at http://bcs.worthpublishers.com/mankiw7

Partly, we will also cover the update of this textbook that has the ambition to reflect the current global financial crisis:
Ball, L. and N.G. Mankiw (2011) A New Approach to Intermediate Macroeconomics, Worth Publishers.

Other reading may be assigned during the course of the semester.

Metody výuky -
Poslední úprava: Mgr. Nikoloz Kudashvili (21.02.2022)

Lectures are accompanied by the seminars.

 

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The link to join both lectures and seminars
Lecture [Monday 17:00-18:20] in Room 109

Seminar I [Tuesday 17:00-18:20] in Room 109
Seminar II [Wednesday 08:00-09:20] in Room 206

Join Zoom Meeting

https://cesnet.zoom.us/j/92217255431?pwd=NDV4WVRCM0c3TTVxc0MzbXJFclhFQT09

Meeting ID: 922 1725 5431
Passcode: 435250
One tap mobile
+420239018272,,92217255431# Czechia
+420538890161,,92217255431# Czechia

Dial by your location
+420 2 3901 8272 Czechia
+420 5 3889 0161 Czechia
+420 2 2888 2388 Czechia
Meeting ID: 922 1725 5431
Find your local number: https://cesnet.zoom.us/u/abugkOWacy
***********************************************************************************************************************************************************************

All study materials can be found on Moodle (key: Macro2022).

https://dl1.cuni.cz/course/view.php?id=13015

Požadavky ke zkoušce -
Poslední úprava: Mgr. Nikoloz Kudashvili (21.02.2022)

40% written exam at the end of semester, 25% Problem Sets, 30% Midterm Exam, 5% attendance and participation. Grading (A-F) is in line with the Dean's decree 17/2018.

Sylabus -
Poslední úprava: Mgr. Nikoloz Kudashvili (21.02.2022)

_______________________________________________________________________________

February 14 - 18  - no lecture, no seminars. The first lecture will take place on February 21.

Holiday [H]; Rector's day-off [R]; Dean's day-off (D)  in February - May 2021.

1. Friday, April 15, 2022            [H]

2. Monday, April 18, 2022         [H]

3. Friday, April 29, 2022            [D]

4. Wednesday, May 11, 2022    [R]

_______________________________________________________________________

 

Week 1 and 2:

Consumption - Keynesian consumption function; Fisher's model; Life cycle hypothesis; Permanent income hypothesis; Random walk;
Investment - Business fixed investment; Residential investment; Inventory investment.
Chapters 16 and 17 from Mankiw (2013), 17 and 18 from Mankiw (2010); 16 and 17 from Mankiw (2003)

Week 3:
Introduction to economic fluctuations - Aggregate demand and aggregate supply model; 
Chapters 10 from Mankiw (2013), Chapters 9 and 10 from Mankiw (2003, 2010)

Week 4 and 5:
Theory of aggregate demand; IS-LM model; Aggregate demand II - Explaining fluctuations with IS-LM model; Changes in fiscal policy; Keynesian multiplier and the crowding out effect; Monetary policy in IS-LM model; IS-LM as a theory of aggregate demand.
Chapters 11 and 12 from Mankiw (2013), Chapter 11 from Mankiw (2003, 2010)

 

Week 6:
Aggregate demand in an open economy - The Mundell-Fleming model (IS * -LM * version); Efficiency of economic policies under floating and fixed exchange rate regimes; 

Chapters 13 from Mankiw (2013), Chapter 11 from Mankiw (2003, 2010)

 

Week 7: mid-term

 

Week 8:
Aggregate Supply - Sticky wage model; Lucas model; Sticky price model: Phillips curve.
Chapters 14 from Mankiw (2013), Chapters 12 and 13 from Mankiw (2003, 2010)

Week 9:
A dynamic model of aggregate demand and aggregate supply
Chapters 15 from Mankiw (2013), Chapter 14 from Mankiw (2010); [partly covered in Chapter 19 from Mankiw (2003)]

Week 10:
Stabilization policy.
Chapters 18 from Mankiw (2013), Chapter 15 from Mankiw (2010); Chapter 14 from Mankiw (2003); lecture slides

Week 11:
Government debt. Ricardian Equivalence. Effect of government debt and deficits on growth.
Chapters 19 from Mankiw (2013), Chapter 16 from Mankiw (2010); reading slides

 

 

 

Lectures: Monday 17:00-18:20             [Room 109]

Seminars: Groups 1 & 2

[Group 1] Tuesday          17:00-18:20  [Room 109]

[Group 2] Wednesday     08:00-09:20  [Room 206]

 

Lecture 1  - February 21    

Seminar 1 - February 22    [Group 1]

Seminar 1 - February 23    [Group 2]

 

Lecture 2  - February 28  

Seminar 2 - March 1         [Group 1]

Seminar 2 - March 2         [Group 2]

Lecture 3   - March 7

Seminar 3 - March 8       [Group 1]

 Seminar 3 - March 9       [Group 2]

 

Lecture 4  - March 14

Seminar 4 - March 15       [Group 1]

Seminar 4 - March 16       [Group 2]

 

Lecture 5  - March 21

Seminar 5 - March 22       [Group 1]

Seminar 5 - March 23       [Group 2] 

 

Lecture 6  - March 28

Seminar 6 - March 29       [Group 1]

Seminar 6 - March 30       [Group 2]

 

Lecture 7  - April 4         [MIDTERM]

Seminar 7 - April 5           [Group 1]

Seminar 7 - April 6           [Group 2]

 

Lecture 8  -  April 11

Seminar 8 - April 12          [Group 1]

Seminar 8 - April 13          [Group 2]

 

Lecture 9  - April 18        No Lecture [H]

Seminar 9 - April 19          [Group 1]

Seminar 9 - April 20          [Group 2]

 

Lecture 9  - April 25

Seminar 10 - April 26         [Group 1]

Seminar 10 - April 27         [Group 2]

 

Lecture 10 -  May 2

Seminar 11 - May 3            [Group 1]

Seminar 11 - May 4            [Group 2]

 

Lecture 11 -  May 9

Seminar 11 - May 10            [Group 1]

Seminar 11 - May 11            No Seminar [R]

 
Univerzita Karlova | Informační systém UK