Technical University of Liberec
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for academic year 2023/2024
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Course: Macroeconomics II

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Course title Macroeconomics II
Course code KEK/MA2PE
Organizational form of instruction Lecture + Lesson
Level of course Master
Year of study 1
Semester Winter and summer
Number of ECTS credits 5
Language of instruction Czech, English
Status of course Compulsory
Form of instruction Face-to-face
Work placements Course does not contain work placement
Recommended optional programme components None
Lecturer(s)
  • Skála Marek, Ing. Mgr. Ph.D.
  • Nedomlelová Iva, Ing. Ph.D.
  • Kocourek Aleš, doc. Ing. Ph.D.
  • Petříček Martin, doc. Ing. Ph.D.
  • Bednářová Pavla, doc. PhDr. Ing. Ph.D.
Course content
Lectures (topics): 1. The subject of macroeconomics, the development of mainstream economics. National economic indicators. 2. Theory of consumption and investment - a macroeconomic perspective. 3. Product-expenditure model: determination of equilibrium output. Fiscal policy from the perspective of the model. 4. Money market: theory of money demand, money supply; monetary policy regimes. 5. Short-run equilibrium in a closed economy - the IS-LM model. Economic policy from the perspective of the model. 6. Open economy - exchange rate theory 7. Short-run equilibrium in an open economy - the IS-LM-BP model. Economic policy from the perspective of the model. 8. Labour market models. 9. Inflation and unemployment, AS function. 10. Model AD-AS: monetary policy rule (reaction curve CB), function AD 11. AD-AS model: macroeconomic equilibrium. Inflation and its solution 12. Long-term economic growth - selected theories Seminars: The seminars elaborate on individual topics from the lectures; students acquire and deepen their knowledge by interpreting macroeconomic contexts through concrete cases. Work with actual macroeconomic data.

Learning activities and teaching methods
Monological explanation (lecture, presentation,briefing), Task-based study method
  • Class attendance - 56 hours per semester
Learning outcomes
The subject Macroeconomics II is shaped for engineer study programme. The course is focused on extending theoretical knowledge learnt at the bachelor course, at introducing the economic theories of most important macroeconomic schools, and at development of macroeconomic intellection.
Students obtain knowledge in given course in accordance with requirements and course programme.
Prerequisites
Precondition: students have to pass succesfully courses of Macroeconomics I and/or Microeconomics I.

Assessment methods and criteria
Combined examination, Written exam

Classified credit: The final assessment is based on proof of knowledge acquired both from the theory of the lectures and the application within the seminars. Full-time study: Total of 18 points from five mini-tests (10 points) and final test (20 points). Possibility of two corrective test: test - gain of at least 18 points out of 30 (points from mini-tests are no longer included in the point gain). Classification of credit (percentage): 100 - 92 excellent A 91 - 85 excellent minus B 84 - 76 very good C 75 - 68 very good D 67 - 60 good E less failed
Recommended literature
  • CAHLÍK, T., M. HLAVÁČEK a J. SEIDLER. Makroekonomie. Karolinum. Praha, 2010. ISBN 978-80-246-1906-4.
  • CAHLÍK, T., M. HLAVÁČEK a J. SEIDLER. Makroekonomie. Karolinum. Praha, 2010. ISBN 978-80-246-1906-4.
  • GÄRTNER, M. Macroeconomics. Pearson Education. Harlow, 2016. ISBN 978-1-292-11520-7.
  • GÄRTNER, M. Macroeconomics. Pearson Education. Harlow, 2016. ISBN 978-1-292-11520-7.
  • HORSKÁ, H. Moderní makroekonomie pro manažery II: pro kombinovanou formu studia. Škoda Auto Vysoká škola. Mladá Boleslav, 2011. ISBN 978-80-87042-39-7.
  • HORSKÁ, H. Moderní makroekonomie pro manažery II: pro kombinovanou formu studia. Škoda Auto Vysoká škola. Mladá Boleslav, 2011. ISBN 978-80-87042-39-7.
  • MACH, M. Makroekonomie II: pro magisterské (inženýrské) studium. 1. a 2. část. Melandrium. Slaný, 2001. ISBN 80-86175-18-9.
  • MACH, M. Makroekonomie II: pro magisterské (inženýrské) studium. 1. a 2. část. Melandrium. Slaný, 2001. ISBN 80-86175-18-9.
  • MANKIW, N. G. a M. P. TAYLOR. Macroeconomics. Cengage Learning EMEA. Andover, 2017. ISBN 978-1-4737-2536-2.
  • MANKIW, N. G. a M. P. TAYLOR. Macroeconomics. Cengage Learning EMEA. Andover, 2017. ISBN 978-1-4737-2536-2.
  • ROMER, D. Advanced Macroeconomics. McGraw-Hill Irwin. New York, 2006. ISBN 0-07-287730-8.
  • ROMER, D. Advanced Macroeconomics.. McGraw-Hill Irwin. New York, 2010. ISBN 0-07-287730-8.
  • SOJKA, M. Dějiny ekonomických teorií. Havlíček Brain Team. Praha, 2010. ISBN 978-80-87109-21-2.
  • SOJKA, M. Dějiny ekonomických teorií. Praha, 2010. ISBN 978-80-87109-21-2.
  • SOUKUP, J. a kol. Makroekonomie. Praha, Management Press, 2022. ISBN 978-80-7261-596-4.
  • SOUKUP, J., et al. Makroekonomie. Praha, 2018. ISBN 978-80-7261-537-7.


Study plans that include the course
Faculty Study plan (Version) Category of Branch/Specialization Recommended year of study Recommended semester
Technical University of Liberec, date of update: 02.05.2025 23:30. Data created for academic year 2023/2024