MPE_AMA2 Macroeconomics 2

Faculty of Economics and Administration
Spring 2024
Extent and Intensity
2/0/0. 4 credit(s). Type of Completion: zk (examination).
doc. Ing. Jan Čapek, Ph.D. (lecturer)
doc. Ing. Libor Žídek, Ph.D. (lecturer)
Ing. Filip Červenka, Ph.D. (assistant)
Ing. Martin Kutlak (assistant)
Guaranteed by
doc. Ing. Jan Čapek, 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
Tue 14:00–15:50 P106, except Tue 2. 4.
Prerequisites (in Czech)
(! MKE_MAE2 Macroeconomics 2 ) && (! MPE_MAE2 Macroeconomics 2 ) && (! NOWANY ( MPE_MAE2 Macroeconomics 2 , MKE_MAE2 Macroeconomics 2 ))
Course Enrolment Limitations
The course is only offered to the students of the study fields the course is directly associated with.

The capacity limit for the course is 80 student(s).
Current registration and enrolment status: enrolled: 65/80, only registered: 0/80
fields of study / plans the course is directly associated with
there are 11 fields of study the course is directly associated with, display
Course objectives
The main objective is to introduce students to modern macroeconomics. The objectives are to
- offer a balance between short-run and long-run issues in macroeconomics,
- integrate the insights of Keynesian and classical theories,
- present macroeconomics using a variety of simple models,
- emphasize that macroeconomics is an empirical discipline, motivated and guided by a wide array of experience. To this end, numerous Case Studies are presented that use macroeconomic theory to shed light on real-world data and events.
The approach followed in the course asks students to think like economists, who always keep various models in mind when analysing economic events or public policies.
Learning outcomes
After successful completion, student will be able to competently discuss various macroeconomic topics and understand the underlying mechanisms behind observed macroeconomic development.
More specifically, student will be able to, among others,
- explain the difference between short-run and long-run models,
- understand the determination of output in the long run and describe the deviations of output from potential product in the short run,
- distinguish the main determinants of long-run economic growth,
- predict the effects of fiscal and monetary policies in various macroeconomic conditions.
  • Macroeconomic data
  • National Income
  • Money and Inflation
  • Open Economy
  • Unemployment
  • Economic growth
  • ISLM model
  • Mundell-Fleming model
  • Monetary and Fiscal Policy
    required literature
  • MANKIW, N. Gregory. Macroeconomics. Tenth edition. New York: Macmillan international, higher education, 2019, xxxv, 612. ISBN 9781319105990. info
  • MANKIW, N. Gregory. Macroeconomics. Ninth edition. New York: Worth Publishers, 2016, xxxv, 642. ISBN 9781464182891. info
Teaching methods
Assessment methods
mandatory - final exam test
voluntary - midterm test
voluntary - quizzes during the lectures
The course can be completed in case of a stay abroad: participation in lectures and on the midterm test are optional, and the exam can be taken after returning.
Language of instruction
Further Comments
Study Materials
The course is taught annually.
Listed among pre-requisites of other courses
The course is also listed under the following terms Spring 2011, Spring 2012, Spring 2013, Spring 2014, Spring 2015, Spring 2016, Spring 2017, Spring 2018, Spring 2019, Spring 2020, Spring 2021, Spring 2022, Spring 2023, Spring 2025.
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