BPE_MAC1 Macroeconomics 1

Faculty of Economics and Administration
Spring 2021
Extent and Intensity
2/2/0. 8 credit(s). Type of Completion: zk (examination).
Ketevani Kapanadze (lecturer)
doc. Ing. Libor Žídek, Ph.D. (lecturer)
Ketevani Kapanadze (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
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.
Learning outcomes
After successful completion of the course, student will be able to:
- understand basic macroeconomic phenomena and concepts,
- apply knowledge from   macroeconomics to events in the economy,
- discuss and present his or her own opinion
  • Lecture 1.Introduction. The data of Macroeconomics (Chapter 23 and 24)
  • Lecture 2.Economic growth (Chapter 25)
  • Lecture 3.Labor markets and unemployment (Chapter 28)
  • Lecture 4.Saving, investment and the financial systém (Chapter 26)
  • Lecture 5.Money, Monetary System and Inflation (Chapter 29 and 30)
  • Lecture 6.Midterm
  • Lecture 7.The Open Economy I (Chapter 31)
  • Lecture 8.The Open Economy II (Chapter 32)
  • Lecture 9.Aggregate demand and aggregate supply (Chapter 33)
  • Lecture 10.The influence of monetary and fiscal policy on aggregate demand (Chapter 34)
  • Lecture 11.Aggregate supply and the short-run tradeoff between inflation and unemployment (Chapter 35)
  • Lecture 12.The causes of financial crisis of 2007-2009
    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.
Teaching methods
Assessment methods
Grades will be based on student´s performance in Midterm exam (40%), Final exam (40%) and four Problem sets (20%).
Language of instruction
Further comments (probably available only in Czech)
The course is taught annually.
The course is taught: every week.
General note: Tento předmět je ekvivalentní českému předmětu BPE_MAE1 a může být za něj uznán. Předmět je ekvivalentem BPE_AMA1. This course is an equivalent to bpe_mae1 and bpe_ama1.
Listed among pre-requisites of other courses
Teacher's information
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 2019, Spring 2020.
  • Enrolment Statistics (Spring 2021, recent)
  • Permalink: https://is.muni.cz/course/econ/spring2021/BPE_MAC1