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
***********************************************************************************************************************************************************************
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!!!
*************************************************************************************************************************************************************************
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?