PEMAC2 Macroeconomics II - seminar

Faculty of Economics and Administration
Spring 2009
Extent and Intensity
0/2/0. 3 credit(s). Type of Completion: z (credit).
Ing. Veronika Hedija, Ph.D. (seminar tutor)
Ing. Petr Musil, Ph.D. (seminar tutor)
Ing. Lenka Vystavělová (seminar tutor)
prof. Ing. Zdeněk Tomeš, Ph.D. (alternate examiner)
Guaranteed by
prof. Ing. Pavel Ondrčka, CSc.
Department of Economics - Faculty of Economics and Administration
Contact Person: Lydie Pravdová
Timetable of Seminar Groups
PEMAC2/1: Mon 11:05–12:45 P403, V. Hedija
PEMAC2/2: Mon 16:20–17:55 S308, P. Musil
PEMAC2/3: Mon 12:50–14:30 P403, V. Hedija
PEMAC2/4: Mon 12:50–14:30 P312, P. Musil
PEMAC2/5: Mon 14:35–16:15 P403, P. Musil
PEMAC2/6: Mon 14:35–16:15 S308, V. Hedija
PEMAC2/7: Tue 11:05–12:45 P312, P. Musil
PEMAC2/8: No timetable has been entered into IS. L. Vystavělová
PEMAC2/9: Wed 11:05–12:45 P312
The course is offered to the students who have completed the course Macroeconomics I.
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
Course objectives
The course Macroeconomics Tutorial 2(PEMAC2) supplements the course Macroeconomics 2 (PEMAII). The main goal of the course is to enable the students a better understanding and application of the knowledge acquired in the course of intermediate macroeconomics.
  • 1) Data in Macroeconomics: Measuring the Value of Economic Activity, the Price Level, the Unemployment Rate, the state of the Balance of Payment, Examples, Computations.
  • 2)Consumption, Savings, Investment: the Keynesian Consumption Function, the Intertemporal Choice, the Life-Cycle Hypothesis, the Permanent-Income Hypothesis, the Tobins q, Examples, Computations.
  • 3) The Economy in the Short Run - the Keynesian Cross: the Aggregate Demand, the Multiplication Process, the Multiplier, Examples, Computations.
  • 4) The Short Run Equilibrium in the IS-LM Model: the Good Market and IS Curve, the Money Market and LM Curve, Examples, Computations.
  • 5)Aggregate Demand and Aggregate Supply: Model IS-LM and Aggregate Demand, Classical Aggregate Demand, Aggregate Supply in the Short and Long Run, Expectation and Aggregate Supply, Examples, Computations.
  • 6)Fiscal Policy: Government Deficit and Public Debt, Keynesian and Monetarist Approach to Fiscal Policy, Examples, Computations.
  • 7)Money and Monetary Policy: Money Multiplier, Keynesian and Monetarist Approach to Monetary Policy, Targeting in Monetary Policy, Examples, Computations.
  • 8)Labour Market, Unemployment, Phillips Curve: Keynesian and Neoclassic Labour market, Natural Rate of Unemployment, the Types of Unemployment, the Causes of Unemployment, Phillips Curve, Expectation and Phillips Curve, Examples, Computations.
  • 9) Inflation: Types of Inflation, Dynamic AS-AD Model, Deflation, Costs of Inflation, Examples, Computations.
  • 10) Open Market Economy in the Short Run: Aggregate Demand in the Open Market Economy, Keynesian Cross, the Mundell-Fleming Model, Examples, Computations.
  • 11) Exchange Rates: Nominal and Real Exchange Rates, Purchasing Power Parity, Interest Rates Parity, Exchange Rate and Current Account, J-Curve, Examples, Computations.
  • 12) Economic Growth and Business-Cycle Theory: the Solow Model, the Steady-State, the Golden Rule Level of Capital, Endogenous Growth Models, Examples, Computations.
  • 13) The Chosen Questions of Macroeconomics
  • BACHANOVÁ, Veronika, Petr MUSIL and Lenka VYSTAVĚLOVÁ. Makroekonomie II - cvičebnice (Macroeconomics II - Exercise Book). 1. vydání. Brno: Masarykova univerzita v Brně, 2005. 191 pp. ISBN 80-210-3669-9. info
  • BURDA, Michael C. and Charles WYPLOSZ. Macroeconomics : a European text. 3. ed. Oxford: Oxford University Press, 2001. xxiv, 572. ISBN 0198776500. info
  • HOLMAN, Robert. Makroekonomie : středně pokročilý kurz. 1. vyd. Praha: C.H. Beck, 2004. xiv, 424. ISBN 8071797642. info
  • MACH, Miloš. Makroekonomie II : Pro inženýrské studium SO. 1. přeprac. vyd. Praha: Vysoká škola ekonomická [Praha], 1995. 2. sv. info
  • MANKIW, N. Gregory. Macroeconomics. 5th ed. New York: Worth Publishers, 2003. xxxiv, 548. ISBN 0716752379. info
Assessment methods
Teaching methods: computation of exercises in selected topics
Type of completion: three written tests with average hit rating minimum 60 %.
Language of instruction
Further Comments
Study Materials
The course is taught annually.
The course is also listed under the following terms Spring 2004, Spring 2005, Spring 2006, Spring 2007, Spring 2008.
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