SubjectsSubjects(version: 882)
Course, academic year 2020/2021
Macroeconomic Theory - AM501007
Title: Macroeconomic Theory
Guaranteed by: Department of Economics and Management (837)
Actual: from 2020
Semester: winter
Points: winter s.:3
E-Credits: winter s.:3
Examination process: winter s.:
Hours per week, examination: winter s.:2/0 Ex [hours/week]
Capacity: unknown / unknown (unknown)
Min. number of students: unlimited
Language: English
Teaching methods: full-time
For type: Master's (post-Bachelor)
Note: course can be enrolled in outside the study plan
enabled for web enrollment
Guarantor: Pošta Vít doc. Ing. Ph.D.
Interchangeability : M501007
Is interchangeable with: M501007
Last update: Botek Marek Mgr. Ing. Ph.D. (09.01.2020)

R: WICKENS, M. Macroeconomic Theory, A Dynamic General Equilibrium Approach, second edition. Princeton University Press. 2011.

A: PISSARIDES, C.A. Equilibrium Unemployment Theory, second edition. The MIT Press. 2000.

Last update: Botek Marek Mgr. Ing. Ph.D. (09.01.2020)

1. Keynesian consumption funkction. Dynamic consumption function.

2. Tobin Q theory.

3. Analysis of the current account with the functions of net exports and net capital flows.

4. Intertemporal approach to the current account analysis.

5. Dynamics of public debt. Sustainability of public debt.

6. Government sector and the real economy. Fiscal multipliers.

7. The model of Calvo. New Keynesian Phillips curve.

8. Analysis of inflation under the new Keynesian Phillips curve model.

9. Search model in the labor market. Beveridge curve. Structural unemployment.

10. Money-in-the-utility demand for money. Inflation targeting.

11. Interest rate parity.

12. Purchase power parity and exchange rate overshooting.

13. Dynamic stochastic model of general equilibrium of the Czech economy.

14. Analysis of the economy in the dynamic stochastic general equilibrium model.

Course completion requirements
Last update: Pošta Vít doc. Ing. Ph.D. (11.09.2020)

The student needs to obtain at least 50 % of points in a written exam. The exam may be oral via MSTeams in case contact exam is not possible due to policy measures.