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Předmět, akademický rok 2019/2020
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Intermediate Macroeconomics II - JEM178
Anglický název: Intermediate Macroeconomics II
Zajišťuje: Institut ekonomických studií (23-IES)
Fakulta: Fakulta sociálních věd
Platnost: od 2019
Semestr: letní
Body: 6
E-Kredity: 6
Způsob provedení zkoušky: letní s.:
Rozsah, examinace: letní s.:2/2 Zk [hodiny/týden]
Počet míst: neurčen / neurčen (neurčen)
Minimální obsazenost: neomezen
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
Julien Pinter, Dr.
Neslučitelnost : JEB115
Je neslučitelnost pro: JEB115
Soubory Komentář Kdo přidal
stáhnout Macro_II_HW1.pdf Homework 1 Julien Pinter, Dr.
Anotace - angličtina
Poslední úprava: prof. Roman Horváth, Ph.D. (07.01.2019)
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.
Literatura - angličtina
Poslední úprava: prof. Roman Horváth, Ph.D. (11.02.2016)

N. Gregory Mankiw (2010). Macroeconomics (7th 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 an ambition to reflect the current global financial crisis:
Ball, L. and N.G. Mankiw (2011) A New Approach to Intermediate Macroeconomics, Worth Publishers.
Student resources are accessible at 
http://worthpublishers.com/Catalog/Product.aspx?isbn=9781429253673

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

Metody výuky - angličtina
Poslední úprava: prof. Roman Horváth, Ph.D. (07.01.2019)

The lectures will be accompanied by the seminars.

Požadavky ke zkoušce - angličtina
Poslední úprava: Julien Pinter, Dr. (18.02.2019)

50% written exam at the end of semester, 30% HW assignments (group of 3 max), 20% mid-term written exam. Grading (A-F) is in line with the Dean's decree 17/2018.

Sylabus - angličtina
Poslední úprava: Julien Pinter, Dr. (08.03.2019)

Note that the 9.30am seminar on May 1st will be catched up on May 8 at the same time. May 7th lecture will be catched up on May 14.

MID-TERM will be on March 26 during the lecture. 1st final exam will be on May 28 at 13.30.

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; Theory of aggregate demand; IS-LM model.
Chapters 9 and 10 from Mankiw (2003, 2010)

Week 4:
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.
Chapter 11 from Mankiw (2003, 2010)

Week 5:
Aggregate demand in an open economy - The Mundell-Fleming model (IS*-LM* version); Efficiency of economic policies under floating and fixed exchange rate regimes; Theory of the interest rate parity;

Week 6+7
Aggregate Supply - Sticky wage model; Lucas model; Sticky price model: Phillips curve.
Chapters 12 and 13 from Mankiw (2003, 2010)

Week 8+9:
A dynamic model of aggregate demand and aggregate supply
Chapter 14 from Mankiw (2010); [partly covered in Chapter 19 from Mankiw (2003)]

Week 10:
Stabilization policy.
Chapter 15 from Mankiw (2010); Chapter 14 from Mankiw (2003)

Week 11+12
Government debt. Ricardian Equivalence. Effect of government debt and deficits on growth.
Chapter 16 from Mankiw (2010)

 
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