Macroeconomics 2

Lecturer:

Quang Van Tran (gar.)

Tutor:

Quang Van Tran (gar.)

Supervisor:

Department of Software Engineering in Economy

Synopsis:

Macroeconomics provides a fundamental theoretical basis for understanding the functioning of the economy. It introduces students to the main macroeconomic indicators, money market, macroeconomic equilibrium theory, theory of open economy, inflation, unemployment, economic growth, economic fluctuations and macroeconomic policies

Requirements:

completion of a course Macroeconomics 1

Syllabus of lectures:

1.Determination of equilibrium level of income.

2.Equilibrium level of income and state budget.

3.Model IS-LM.

4.Equilibrium on the market of goods and services and IS curve.

5.Equilibrium on money market and LM curve.

6.Simultaneously equilibrium on the market of goods and money market.

7.Effectiveness of fiscal policy in closed economy. Crowding out effect.

8.Effectiveness of monetary policy in closed economy.

9.Equilibrium level of income and trade balance. Net export.

10.Balance of payments and BP curve.

11.Model IS-LM-BP: internal and external equilibrium of economy.

12.Effectiveness of fiscal and monetary policy in open economy.

13.Determinants of exchange rate: a long-run and short-run exchange rate model. Real exchange rate.

14.Aggregate demand and aggregate supply analysis. Effects of fiscal and monetary policy.

Syllabus of tutorials:

Practicing the principles of macroeconomic concepts with examples

1.Determination of equilibrium level of income.

2.Equilibrium level of income and state budget.

3.Model IS-LM.

4.Equilibrium on the market of goods and services and IS curve.

5.Equilibrium on money market and LM curve.

6.Simultaneously equilibrium on the market of goods and money market.

7.Effectiveness of fiscal policy in closed economy. Crowding out effect.

8.Effectiveness of monetary policy in closed economy.

9.Equilibrium level of income and trade balance. Net export

10.Balance of payments and BP curve.

11.Model IS-LM-BP: internal and external equilibrium of economy.

12.Effectiveness of fiscal and monetary policy in open economy.

13.Determinants of exchange rate: a long-run and short-run exchange rate model.

Real exchange rate.

14.Aggregate demand and aggregate supply analysis. Effects of fiscal and monetary policy.

Study Objective:

This course represents the intermediate course of

macroeconomics, whose structure and contents extend the

basic course of macroeconomics. The aim is to deepen the

knowledge and the competence to analyze the macroeconomic

phenomenons and relations. In the conditions of the

globalization of economic life is needed to analyze the

macroeconomic problems in the light of openness of economy,

therefore in this course is emphasized the open economy

macroeconomics. In addition to the theoretical

interpretation, the attention is devoted also to the

implications of macroeconomic policy.

Study materials:

Key references :

1.Hollman, R.: Makroekonomie II. pro magisterské studium,Slaný, Melandrium, 2001

Recommended references:

1.Mach M.: Makroekonomie II. Pro magisterské (inženýrské) studium, Melandrium, Slaný 2001

Note:

Time-table for winter semester 2011/2012:

Time-table is not available yet

Time-table for summer semester 2011/2012:

Time-table is not available yet

The course is a part of the following study plans: