MPE_AMEM Applied Macroeconomic Modelling

Faculty of Economics and Administration
Spring 2018
Extent and Intensity
0/1/0. 2 credit(s). Type of Completion: z (credit).
Mgr. Tomáš Motl (lecturer)
Ing. Mgr. Vlastimil Reichel, Ph.D. (lecturer)
Guaranteed by
doc. Ing. Daniel Němec, 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
Thu 22. 2. 16:20–19:35 VT105, Thu 1. 3. 16:20–19:35 VT105, Tue 6. 3. 16:20–19:35 VT105, Thu 8. 3. 16:20–19:35 VT105
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 24 student(s).
Current registration and enrolment status: enrolled: 0/24, only registered: 0/24, only registered with preference (fields directly associated with the programme): 0/24
fields of study / plans the course is directly associated with
Course objectives
The course introduces students into basics of applied macroeconomic modeling. The course aims to show the process of tailoring a model to a particular economy, evaluating the model, and using the model for forecasting. The course will be hands-on -- students will analyze a specific period in a specific country, describe the underlying economic shocks, and represents these shocks in the forecast. Students are expected to work in small groups and prepare by reading papers and other materials. The course is led by practitioners with experience from central banks and private sector. The course will be given in English unless all students speak Czech.
  • Block 1: Introducing standard QPM (quartal prediction model), interpreting basic equations

  • Block 2: Tailoring the model to specific economy and understanding model properties

  • Block 3: Economic analysis - identifying of underlying macroeconomic shocks

  • Block 4: Building a forecast

Assessment methods
Students will submit a forecast + two page write-up describing the forecast (one submission per group)
Language of instruction
Further Comments
Study Materials
The course is taught annually.
The course is also listed under the following terms Spring 2017, Spring 2019, Spring 2020, Spring 2021, Spring 2022.
  • Enrolment Statistics (Spring 2018, recent)
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