Předmět Macroeconomics II (JEB115)
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Další informace
Sylabus
Weeks 1 and 2:Consumption - Keynesian consumption function; Fisher's model; Life cycle hypothesis; Permanent income hypothesis; Random walk;Investment - Business fixed investment; Residential investment; Inventory investment.Chapters 17 and 18 from Mankiw (2010); 16 and 17 from Mankiw (2003)Week 3:Money; Money market; Inflation; Interest rate.Chapters 4 and 19 from Mankiw (2010); 4 and 18 from Mankiw (2003)Weeks 4 and 5:Introduction to economic fluctuations - Aggregate demand and aggregate supply model; Theory of aggregate demand; IS-LM model.Chapters 9 and 10 from Mankiw (2003, 2010)Weeks 6 and 7:Aggregate demand II - Explaining fluctuations with IS-LM model; Changes in fiscal policy; Keynesian multiplier and the crowding out effect; Monetary policy in IS-LM model; IS-LM as a theory of aggregate demand.Chapter 11 from Mankiw (2003, 2010)Week 8:The open economy.Chapter 5 from Mankiw (2003, 2010)Weeks 9 and 10:Aggregate demand in an open economy - The Mundell-Fleming model (IS*-LM* version); Efficiency of economic policies under floating and fixed exchange rate regimes; Theory of the interest rate parity;Aggregate Supply - Sticky wage model; Lucas model; Sticky price model: Phillips curve.Chapters 12 and 13 from Mankiw (2003, 2010)Weeks 11 and 12:A dynamic model of aggregate demand and aggregate supplyChapter 14 from Mankiw (2010); [partly covered in Chapter 19 from Mankiw (2003)]Week 13:Stabilization policy.Chapter 15 from Mankiw (2010); Chapter 14 from Mankiw (2003)
Literatura
N. Gregory Mankiw (2010). Macroeconomics (7th Edition). Worth Publishers. Student resources are accessible at http://bcs.worthpublishers.com/mankiw7Partly, we will also cover the update of this textbook that has an ambition to reflect the current global financial crisis:Ball, L. and N.G. Mankiw (2011) A New Approach to Intermediate Macroeconomics, Worth Publishers.Student resources are accessible at http://worthpublishers.com/Catalog/Product.aspx?isbn=9781429253673
Garant
doc. Bc. Roman Horváth, M.A., Ph.D.Ing. Tomáš Lichard, M.A.