ESF:MPE_NKMA New Classical Macroeconomics - Course Information
MPE_NKMA New Classical MacroeconomicsFaculty of Economics and Administration
- Extent and Intensity
- 2/0/0. 4 credit(s). Type of Completion: zk (examination).
- Ing. Michal Kvasnička, Ph.D. (lecturer)
Ing. Mgr. Vlastimil Reichel, Ph.D. (seminar tutor)
- Guaranteed by
- Ing. Michal Kvasnička, 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
- Wed 9:20–11:00 P403
- Timetable of Seminar Groups:
- ( MPE_MIE2 Microeconomics 2 )
- 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 7 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.
- 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
- required literature
- BARRO, Robert J. Macroeconomics. 5th ed. Prentice Hall, 2012. ISBN 978-81-203-4485-3. info
- Teaching methods
- Assessment methods
- The exam test is written. It consists of a mid-term test and a final test.
- Language of instruction
- Further Comments
- Study Materials
The course is taught annually.