PENNMA New Classical Macroeconomics

Faculty of Economics and Administration
Spring 2009
Extent and Intensity
1/1/0. 3 credit(s). Type of Completion: zk (examination).
Teacher(s)
Ing. Michal Kvasnička, Ph.D. (lecturer)
Guaranteed by
prof. PhDr. Kamil Fuchs, CSc.
Department of Economics – Faculty of Economics and Administration
Contact Person: Lydie Pravdová
Timetable of Seminar Groups
PENNMA/1: Mon 13:45–15:20 S309, M. Kvasnička
PENNMA/2: Mon 12:00–13:35 S309, M. Kvasnička
PENNMA/3: Wed 9:20–11:00 P403, M. Kvasnička
Prerequisites
pemik2 Microeconomics II || PřF:E2312 Macroeconomy I
Intermediate Microeconomics
Course Enrolment Limitations
The course is also offered to the students of the fields other than those the course is directly associated with.
fields of study / plans the course is directly associated with
there are 13 fields of study the course is directly associated with, display
Course objectives
In this course the students will be introduced to the modern macroeconomics - the New Classical Macroeconomics. They will learn how to build simple macro-models derived from microeconomic principles based on the assumption of rational expectations and adjusting markets. At the end of this course, students will be able to understand and explain the basis causes of economic growth and fluctuations, use data about the governmental economic policy to predict its outcomes, to formulate a reasoned differential diagnosis for the current economic conditions, and be prepared to study macroeconomics on the advanced level in the consequent courses.
Syllabus
  • 0. Introduction to the method.
  • 1. Choice between work effort and leisure
  • 2. Market for credit and commodities
  • 3. Demand for money
  • 4. Basic market-clearing model
  • 5. Labor Market
  • 6. Money, inflation, and interest rates
  • 7. Investment and real business cycles
  • 8. Unemployment
  • 9. Economic growth
  • 10. Governmental consumption and public services
  • 11. Taxes and transfers
  • 12. Public debt
  • 13. World markets in goods and credit
Literature
  • BARRO, Robert J. Macroeconomics. 5th ed. Cambridge: MIT Press, 1997, xxv, 867. ISBN 0262024365. info
Assessment methods
The course consists of preparations and interactive seminars. The exam is written. It consists of a mid-term and a final test.
Language of instruction
Czech
Further Comments
Study Materials
The course is taught annually.
Teacher's information
http://www.econ.muni.cz/~qasar/vyuka.html#barro
The course is also listed under the following terms Spring 2002, Spring 2003, Spring 2004, Spring 2005, Spring 2006, Spring 2007, Spring 2008.
  • Enrolment Statistics (recent)
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