PEMAAI Macroeconomics I

Faculty of Economics and Administration
Spring 2009
Extent and Intensity
2/2/0. 5 credit(s). Type of Completion: zk (examination).
Teacher(s)
Dr. Mark Tomass, Ph.D. (lecturer)
Ing. Monika Jandová, Ph.D. (seminar tutor)
Guaranteed by
prof. Ing. Antonín Slaný, CSc.
Department of Economics – Faculty of Economics and Administration
Contact Person: Lydie Pravdová
Timetable
Mon 12:50–14:30 P103
  • Timetable of Seminar Groups:
PEMAAI/1: Mon 14:35–16:15 P103, M. Tomass
Prerequisites (in Czech)
PEMIAI Microeconomics I || PEMIKI Microeconomics I
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 80 student(s).
Current registration and enrolment status: enrolled: 0/80, only registered: 0/80, only registered with preference (fields directly associated with the programme): 0/80
fields of study / plans the course is directly associated with
there are 6 fields of study the course is directly associated with, display
Abstract
The introductory part of Macroeconomics I deals with measuring national economy performance, problems connected with economic equilibrium, and causes and manifestations of cyclical oscillations. The following part of the course explains the nature of money, structure of the banking system and basic conditions of inflation. It explains the economic function of the state, targets and instruments of economic policy, basic context of monetary policy, fiscal policy, external business and income policy.

Main objectives can be summarized as follows:

- to provide students with principal theoretical knowledge in the area of the theory of macroeconomics;
- to understand the behaviour of the economy as a whole;
- to describe and explain economic phenomena using an adequate concept apparatus;
- to get a higher informative value in information on economic development.
Key topics
  • 1. Introduction to macroeconomics. Methods of measuring economy’s performance.
  • 2. Equilibrium of the economy and its interpretation in the economic theory.
  • 3. Output determination by total spending – the multiplier model.
  • 4. Economic growth and the theory of business cycles.
  • 5. Demand for money and money supply in the economy.
  • 6. Inflation and its relationship to the product.
  • 7. Development of approaches towards macroeconomic economic policy.
  • 8. Fiscal policy – goals, instruments, expected and real effects.
  • 9. Monetary policy – goals, instruments, expected and real effects.
  • 10. Distribution processes in the economy and income policy of the state.
  • 11. Open economy – international trade and balance of payments.
  • 12. Exchange rates and international financial system.
  • 13. Theory of economic integration and its application in Europe.
Study resources and literature
  • Paul Samuelson & William Nordhaus. Principles of Economics.
  • Summary of lecture notes and homeworks can found in my folder (Tomass) on the drive Orion: Verejne (V)
Method of verifying learning outcomes and course completion requirements
The course has a form of a lecture and a seminar.
Credit requirements: 3 credit tests, presentation of knowledge in seminars.
The course is concluded by a written exam.
Language of instruction
English
Further comments (probably available only in Czech)
Study Materials
The course is taught annually.
General note: Tento kurz je přednášen v angličtině a je ekvivalentní s kurzem Makroekonomie I, který je přednášen v češtině. Studenti si zapisují jeden z těchto kurzů.
Information on course enrolment limitations: 10 pouze přednáška
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)
  • Permalink: https://is.muni.cz/course/econ/spring2009/PEMAAI