Building upon the foundation of Principles of Economics I, this course focuses on macro-level social phenomena. Students will deepen their economic knowledge, exploring the questions of economic growth, development, and the interplay between economic factors, institutions, and social reality. The course covers concepts such as national income accounting, economic indicators, fiscal and monetary policies, and open economy, while also engaging with questions of measurement, well-being, and globalization. The students will master foundational macroeconomic concepts and examine basic macroeconomic problems, appreciating how economic factors mesh with political and other considerations to shape society. By the end of the course, students should be equipped with the tools and frameworks necessary for developing an elementary understanding of macroeconomic phenomena.
Poslední úprava: Špecián Petr, Ing., Ph.D. (25.09.2024)
Cíl předmětu - angličtina
By the end of this course, students will be able to:
Understand the fundamental concepts of macroeconomics, including national income accounting, economic growth, unemployment, inflation, and the role of fiscal and monetary policies in stabilizing the economy.
Grasp the interconnections between microeconomic foundations and macroeconomic phenomena, with a focus on the role of institutions and organizations in shaping economic outcomes.
Evaluate the strengths and limitations of key economic indicators, such as GDP, and explore alternative measures of well-being and progress.
Gain basic orientation in the causes and consequences of economic growth, development, and structural change, and grasp the challenges and opportunities of globalization and economic integration.
Apply elementary macroeconomic reasoning to real-world issues and policy debates, while also considering the philosophical and political dimensions of economic questions.
Poslední úprava: Špecián Petr, Ing., Ph.D. (19.06.2024)
Podmínky zakončení předmětu - angličtina
Midterm Exam (30%): A combination of multiple choice, short answer, and analytical problem-solving questions.
Final Exam (40%): A combination of multiple choice, short answer, and analytical problem-solving questions.
Seminar Participation (10%): Active contribution to seminar discussions, including asking questions, offering insights, and responding to peers' comments.
Seminar Policy Debate and Reflection (20%): Students will participate in a team debate on policy issues and write short reflection papers, demonstrating their ability to apply macroeconomic concepts and tools to analyze real-world problems and evaluate policy trade-offs.
Poslední úprava: Špecián Petr, Ing., Ph.D. (12.06.2024)
Literatura - angličtina
Primary
The CORE Econ Team 2023 The Economy 2.0: Macroeconomics Open access e-text https://core-econ.org/the-economy/
Secondary (optional)
Mankiw, N. 2023. Principles of Economics. 10th edition. Australia ; Boston, MA: Cengage Learning. Chapters 24-37.
or Mankiw, N. 2017. Principles of Macroeconomics. 8th edition. Australia ; Boston, MA: Cengage Learning.
Older editions also work just fine. Second hand purchase allows you to obtain the book(s) at a much more reasonable price.
Poslední úprava: Špecián Petr, Ing., Ph.D. (25.09.2024)
Sylabus - angličtina
Bridging Micro and Macro: The Rules of the Game
Readings: CORE Microeconomics, Unit 5.1-5.7.
Institutions and Economic Outcomes
Readings: CORE Microeconomics, Unit 5.8-5.14.
The Supply Side of Macroeconomy
Readings: CORE Macroeconomics, Unit 1.
Unemployment, Inequality, and the Changing Nature of Work
Readings: CORE Macroeconomics, Unit 2.
Measuring National Income
Readings: CORE Macroeconomics, Unit 3.1-3.5.
Aggregate Demand and the Multiplier Model
Readings: CORE Macroeconomics, Unit 3.6-3.13.
Money and Inflation
Readings: CORE Macroeconomics, Unit 4.1-4.4.
Inflation, Unemployment, and Business Cycle
Readings: CORE Macroeconomics, Unit 4.5-4.11.
Macroeconomic Policy I: Fiscal Policy
Readings: CORE Macroeconomics, Unit 5.1-5.6.
Macroeconomic Policy II: Monetary Policy
Readings: CORE Macroeconomics, Unit 5.7-5.15.
Economic Growth
Readings: Mankiw. Principles of Economics. Chapter 26.
Open Economy
Readings: Mankiw. Principles of Economics. Chapters 32 & 33.
Poslední úprava: Špecián Petr, Ing., Ph.D. (25.09.2024)