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.

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.

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.