MPE_NKMA New Classical Macroeconomics

Faculty of Economics and Administration
Spring 2012
Extent and Intensity
2/0/0. 4 credit(s). Type of Completion: zk (examination).
Ing. Michal Kvasnička, Ph.D. (lecturer)
Guaranteed by
Ing. Michal Kvasnička, Ph.D.
Department of Economics - Faculty of Economics and Administration
Contact Person: Lydie Pravdová
Supplier department: Department of Economics - Faculty of Economics and Administration
Wed 9:20–11:00 P403
( pemik2 Microeconomics II || PřF:E2312 Macroeconomy I || MPE_MIE2 Microeconomics 2 )&&(! PENNMA New Classical Macroecon. )
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 6 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 basic 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.
  • 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
  • BARRO, Robert J. Macroeconomics. 5th ed. Cambridge: MIT Press, 1997. xxv, 867. ISBN 0262024365. info
Teaching methods
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
Further comments (probably available only in Czech)
Study Materials
The course is taught annually.
General note: Nezapisují si studenti, kteří absolvovali předmět PENNMA.
Teacher's information
The course is also listed under the following terms Spring 2010, Spring 2011, Spring 2013, Spring 2014, Spring 2015, Spring 2016, Spring 2017, Spring 2018, Spring 2019, Spring 2020, Spring 2021.
  • Enrolment Statistics (Spring 2012, recent)
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