BPE_MAC1 Macroeconomics 1

Faculty of Economics and Administration
Spring 2019
Extent and Intensity
2/2/0. 8 credit(s). Type of Completion: zk (examination).
Teacher(s)
Daviti Jibuti (lecturer)
Daviti Jibuti (seminar tutor)
Guaranteed by
doc. Ing. Libor Žídek, Ph.D.
Department of Economics – Faculty of Economics and Administration
Contact Person: Mgr. Jarmila Šveňhová
Supplier department: Department of Economics – Faculty of Economics and Administration
Timetable
Fri 8:00–9:50 S311
  • Timetable of Seminar Groups:
BPE_MAC1/01: Fri 10:00–11:50 S311, D. Jibuti
Prerequisites (in Czech)
(! BKE_MAE1 Macroeconomics 1 ) && (! BPE_MAE1 Macroeconomics 1 ) && (! BPE_AMA1 Macroeconomics 1 ) && (!NOWANY( BKE_MAE1 Macroeconomics 1 , BPE_MAE1 Macroeconomics 1 , BPE_AMA1 Macroeconomics 1 ))
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 17 student(s).
Current registration and enrolment status: enrolled: 0/17, only registered: 0/17, only registered with preference (fields directly associated with the programme): 0/17
fields of study / plans the course is directly associated with
Course objectives
The course is devoted to applications and policy. The major objective of the course is to help students to understand recent developments in Macroeconomics. Over the semester, students will learn stylized facts of business cycle fluctuations, economic growth, and unemployment. Students will become familiar with macroeconomic data and will learn how to construct and use major macroeconomic statistics. We will analyze the issues of open economy such as gains from trade and implications of different exchange rate regimes. Finally, students will be familiarized with a scope of policies used to improve macroeconomic performance.
Syllabus
  • Lecture 1.Introduction. Measuring of Nation's Income (Chapter 10)
  • Lecture 2.Measuring the Cost of Living (Chapter 11)
  • Lecture 3.Production and Growth (Chapter 12)
  • Lecture 4.Saving, investment and the financial system (Chapter 13)
  • Lecture 5.Unemployment and its natural rate(Chapter 14)
  • Lecture 6.Money, Monetary System and Inflation (Chapter 15 and 16)
  • Lecture 7.The Open Economy I (Chapter 17)
  • Lecture 8.The Open Economy II (Chapter 18)
  • Lecture 9.Aggregate demand and aggregate supply (Chapter 19)
  • Lecture 10.The influence of monetary and fiscal policy on aggregate demand (Chapter 20)
  • Lecture 11.The short-run tradeoff between inflation and unemployment (Chapter 21)
  • Lecture 12.The causes of the financial crisis of 2007-2009
Literature
    required literature
  • Textbook:
  • MANKIW, N. Gregory. Principles of economics. 4th ed. Mason: Thomson Higher Education, 2007, 896 s. ISBN 9780324224726. info
  • Any later editions of the above mentioned textbook you find in the library would do. Lecturer urges students to read the textbook in English rather than its Czech translation.
Assessment methods
Grades will be based on student´s performance in the Midterm exam (30%), Project presentation(20%) and Final exam (50%).
Language of instruction
English
Further comments (probably available only in Czech)
Study Materials
The course is taught annually.
General note: This course is an equivalent to bpe_mae1 and bpe_ama1.
Listed among pre-requisites of other courses
Teacher's information
http://is.muni.cz/el/1456/jaro2013/BPE_MAC1
The course is also listed under the following terms Autumn 2009, Spring 2011, Spring 2012, Spring 2013, Spring 2014, Spring 2015, Spring 2017, Spring 2018, Spring 2020, Spring 2021, Spring 2022, Spring 2023, Spring 2024, Spring 2025.
  • Enrolment Statistics (Spring 2019, recent)
  • Permalink: https://is.muni.cz/course/econ/spring2019/BPE_MAC1