PEMAOE Macroeconomics of Open Economy

Faculty of Economics and Administration
Spring 2005
Extent and Intensity
2/0/0. 3 credit(s). Type of Completion: zk (examination).
Teacher(s)
Ing. Bc. Dana Dobešová (lecturer)
Guaranteed by
prof. Ing. Pavel Ondrčka, CSc.
Department of Economics – Faculty of Economics and Administration
Contact Person: Lydie Pravdová
Timetable
Thu 9:20–11:00 P403
Course Enrolment Limitations
The course is also offered to the students of the fields other than those the course is directly associated with.
The capacity limit for the course is 44 student(s).
Current registration and enrolment status: enrolled: 0/44, only registered: 0/44, only registered with preference (fields directly associated with the programme): 0/44
fields of study / plans the course is directly associated with
Course objectives
Macroeconomics of Open Economy (PEMAOE) This advanced course aims to broaden the macroeconomic knowledge and provide a survey of contemporary approaches to the theory of open economy. It provides theoretical tools for an analysis of determinants of the behaviour of open economy and explains economic theory to allow an understanding of the structure, functioning and influence on the open economy from development in other segments of world economy. It presents a general abstract model of an open economy, accentuating the phenomena of the international economic interdependence and globalisation. The course will cover: Open economy and determination of balanced production under the conditions of perfect capital mobility and perfect capital immobility. Equilibrium of an open economy under the conditions of imperfect capital mobility. A more detailed analysis of the Mundell-Fleming model. Efficiency of monetary and fiscal policy in the system of fixed and flexible exchange rate. The monetarist and Keynesian concepts of determination of the balance of payment. Aggregate demand in an open economy in the systems of fixed and flexible exchange rate, respectively. Exogenous economic shocks. The Fleming model and effects of fiscal and monetary policy in different forms of capital mobility in different systems of courses. The aggregate demand curve in an open economy and different concepts of aggregate supply curves - classical, Keynesian and Friedman s concepts. Examination: written.
Literature
  • DORNBUSCH, Rudiger and Stanley FISCHER. Makroekonomie. 1. vyd. Praha: SPN, 1994, 602 s. ISBN 8004255566. info
  • DORNBUSCH, Rudiger. Open economy macroeconomics. New York: Basic Books, 1980. info
Language of instruction
Czech
Further Comments
The course is taught annually.
The course is also listed under the following terms Spring 2002, Spring 2003, Spring 2004, Spring 2006, Spring 2007, Spring 2008, Spring 2009.
  • Enrolment Statistics (Spring 2005, recent)
  • Permalink: https://is.muni.cz/course/econ/spring2005/PEMAOE