Course syllabus MAE - Macroeconomics I (ŠAVŠ - WS 2015/2016)

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Course title: Macroeconomics I
Semester: WS 2015/2016
Course supervisor: Ing. Šárka Dvořáková, Ph.D.
Supervising department: Department of Law and Economics (ŠAVŠ)
Prerequisites for registration: not Bachelor state examination
Time allowance: full-time, 1/2 (hours of lectures per week / hours of seminars per week)
Type of study: usual
Form of teaching: lecture, seminar
Mode of completion and credits: Fulfillment of requirements (5 credits), Exam (5 credits)
Course objective:
The basic course of MACROECONOMICS I teaches students how to work with basic macroeconomic aggregates; they get familiar with the key relations in economy. Students acquire the theory of money, the principles of economic growth, inflation, unemployment and international trade. They manage to interpret the different approaches of competing schools of economic thought to monetary and fiscal policy.
Course methods: The full-time course of MACROECONOMICS I consists of lectures and seminars. The part-time courses are based on tutorial sessions and individual tuitions with an individial lecturer.
Course content:
1.Introduction to Macroeconomics (allowance 0/0)
2.Total Output and Income. Basic Macroeconomic Aggregates (allowance 0/0)
3.Planned Aggregate Expenditure and Equilibrium Output (allowance 0/0)
4.Money and Money Market (allowance 0/0)
5.Aggregate Demand and Aggregate Supply. Equilibrium in AS-AD model (allowance 0/0)
6.Principles of Economic Growth. Business Cycle (allowance 0/0)
7.Unemployment (allowance 0/0)
8.Inflation (allowance 0/0)
9.Exchange Rate. Balance of Payment (allowance 0/0)
10.Monetary Policy (allowance 0/0)
11.Fiscal Policy (allowance 0/0)
12.International Trade (allowance 0/0)
Learning outcomes and competences:
Upon successful completion of this course, students will be able to
- assemble the relevant information on an economy
- describe and compare the economic development through key macroeconomic variables
- apply the principles of economic growth, theory of money, general equilibrium theory and international trade
- specify preconditions and constraints of presented economic models
- draw the graph and solve key macroeconomic (im)balances
- explain monetary and fiscal policy actions
- identify the variety in approaches of key schools of economic thought
- judge the effect of international trade on an domestic economy
- propose the solution to economic problems
Teaching methods and workload (hours of workload):
Type of teaching methodDaily attendance
Direct teaching
     Attendance of lectures12 h
     Attendance of courses/seminars/tutorials24 h
     Consultations with teacher (part-time form of study)0 h
     Course reading and ongoing preparation16 h
     Ongoing evaluation30 h
     Preparation for final test30 h
     Preparation for final oral exam28 h
Total140 h
Assessment methods:
Requirement typeDaily attendance
Active lecture/seminar/workshop/tutorial participation10 %
Mid-term test(s)40 %
Final test25 %
Final oral exam25 %
Total100 %
Course completion:
The course is completed by examination.
The students are evaluated on the basis of the following criteria:
1. Class participation and active contribution to the seminars (10 points)
2. Two mid-term tests; maximum score in each test is 20 point (40 points in total)
3. Final test -- maximum score 50 points

The mid-term exams take place in the course of a semester at prearranged date and time. Students are allowed only one attempt to pass the semi-final test. The minimal admission limit to the final test is 30 points raised in the semester.

The final test has two parts: written test and oral exam. The minimum passing score on the final (written) test is 60 %. Students are allowed three attempts to pass the final test. If a student passes the final test, he/she proceeds to a oral exam. If the minimum passing score is not reached, the student fails the course.

Classification scale reflecting total passing score:
90-100 % SAVS classification scale 1 (ECTS classification scale A)
83-89 % SAVS classification scale 2 (ECTS classification scale B)
75-82 % SAVS classification scale 2 (ECTS classification scale C)
68-74 % SAVS classification scale 3 (ECTS classification scale D)
60-67 % SAVS classification scale 3 (ECTS classification scale E)
59 % and less SAVS classification scale(4/N)(ECTS classification scale F)
Support for combined/distance forms of study:
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Reading list:
Language of instruction: Czech
PAVELKA, T. Makroekonomie. Základní kurz. 3. vyd. Praha: Vysoká škola ekonomie a managementu, 2010. 273 p. ISBN 978-80-86730-55-4.
BERNANKE, B S. -- FRANK, R H. Ekonomie. 1. vyd. Praha: Grada Publishing, 2003. 804 p. ISBN 80-247-0471-4.

Language of instruction: Czech
HELÍSEK, M. -- HEISSLER, H. -- MACH, P. Makroekonomie základní kurz. Praha: EUPRESS, 2012. 376 p. ISBN 978-80-7408-059-3.
HOLMAN, R. Ekonomie. Praha: Nakladatelství C H Beck, 2011. 696 p. ISBN 978-80-7400-006-5.
MANKIW, N G. Zásady ekonomie. 1. vyd. Praha: Grada Publishing, 2000. 768 p. ISBN 80-7169-891-1.
SAMUELSON, P A. Ekonomie. 18. vydání. 1. vyd. Praha: Svoboda, 2007. 175 p. ISBN 978-80-205-0590-3.

Study plans:
-- item not defined --
Run in the period of: SS 2016/2017, WS 2016/2017, SS 2015/2016, SS 2014/2015, WS 2014/2015, SS 2013/2014   (and older)
Course tutor: doc. Ing. Dagmar Brožová, CSc. (examiner, instructor)
Ing. Šárka Dvořáková, Ph.D. (examiner, instructor, supervisor)
prof. Ing. Jiří Kraft, CSc. (examiner)
Mgr. Pavel Neset, Ph.D. (examiner, instructor, lecturer)
Teaching language: Czech
Room: Mladá Boleslav

Last modification made by Mgr. Luděk Švejdar on 01/04/2016.

Type of output: