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Macroeconomics I

Class at Faculty of Social Sciences |
JEB114

Syllabus

Academic year 2023-2024: The first lecture of the first week will take place on October 3 (Tuesday) at 2 pm (14:00).

1) The Science of Macroeconomics, The Data of Macroeconomics [Chapters 1 and 2]

2) National Income - Where It Comes From Where It Goes [Chapter 3]

3) Money and Inflation [Chapter 4]

4) Money and Banking System [Chapter 19]

5) Open Economy - Balance of Payments, Saving and Investment in Small Open Economy, Net Exports; Exchange Rate - Real and Nominal, Power Parity Purchase, Fixed Exchange Rate Regime [Chapter 5]

6) Unemployment - Labor Demand, Labor Loss, Job Finding, Natural Rate of Unemployment, Types of Unemployment  [Chapter 6]

7) Economic Growth I - Solow Model, Capital Accumulation, Golden Rule of Capital, Population Growth [Chapters 7 and 8]

8) Economic Growth I - Solow Model, Capital Accumulation, Golden Rule of Capital, Population Growth [Chapters 7 and 8]

9) Economic Growth II - Progress in Solow Model, Policy to Promote Growth, Balanced Growth Path  [Chapters 7 and 8]

10) Endogenous Growth Theory, Growth Accounting [Chapters 7 and 8]

11) Government Debt and Budget Deficits [Chapter 16]

12) Final exam

Annotation

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Let me kindly ask you not to send your questions to Professor Horvath. He does not teach the course.

Feel free to contact Lukáš Jordán at lukas.jordan@cerge-ei.cz or Anna Drahozalová at Andulka.Drahozalova@gmail.com if you have any questions.

You are encouraged to ask questions during the lectures and/or seminars.

!!! Email your professors in case the question cannot be asked during the seminar or lecture!!!

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This course gives an introduction to macroeconomics at the intermediate level. The course is organized around a series of key macroeconomic issues such as:

Why are some countries rich and other countries remain poor?

Why do we have recessions?

Can policymakers do something about it?

Why some people cannot find a job?

Why do we have inflation? Is it good or bad?