Course objectives:
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The aim of this course is to: provide the knowledge of partial macroeconomic theoretical concepts in world economic theory and of possibilities and consequences of their practical economic-political implications; explain real economic phenomena including foreign relations.
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Requirements on student
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Requirements for credit: (successfully passed credit test of Macroeconomics II is to achieve at least 60 points (out of 100 maximum possible). The duration of the semester test is 90 minutes.
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Content
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Equilibrium production in two-sector model.
Equilibrium production in three-sector model.
IS - LM model.
IS - LM model and effect of monetary and fiscal policy.
Open economy and determination of equilibrium production.
Fixed and flexible exchange rates, capital mobility, monetary and fiscal policy.
Aggregate demand: introduction to analysis.
Aggregate supply: introduction to analysis.
Labour market, unemployment, Phillips curve.
Augmented Phillips curve.
Inflation.
Methods of inflation treatment.
Long-term economic growth.
Additional information for students of so-called combined study form is available in Courseware.
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Activities
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Fields of study
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Guarantors and lecturers
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Literature
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Time requirements
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All forms of study
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Activities
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Time requirements for activity [h]
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Preparation for comprehensive test (10-40)
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65
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Contact hours
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39
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Total
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104
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Prerequisites
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Knowledge - students are expected to possess the following knowledge before the course commences to finish it successfully: |
explain the basic macroeconomic models |
describe the principles of national economy working including the interactions with foreign |
explain fundamental macroeconomic variables |
Skills - students are expected to possess the following skills before the course commences to finish it successfully: |
distinguish the basic macroeconomic approaches according their assumptions |
interpret the values of macroeconomic variables |
estimate the change in behavior of macroeconomic system with respect to the the change of the parameter of the model |
Competences - students are expected to possess the following competences before the course commences to finish it successfully: |
N/A |
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Learning outcomes
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Knowledge - knowledge resulting from the course: |
explain the methodology of modern macroeconomics |
explain intermediate macroeconomic models |
explain in detail the principles of national economy working and its interactions with foreign |
understand the theoretical effects of policy-makers' decision s on the main variables of national economy performance |
Skills - skills resulting from the course: |
analyze intermediate macroeconomic model from the points of view of their content and their form |
apply intermediate macroeconomic theories to real situations |
distinguish and formulate basic conceptual framework of recent macroeconomic schools |
Competences - competences resulting from the course: |
N/A |
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Assessment methods
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Knowledge - knowledge achieved by taking this course are verified by the following means: |
Test |
Skills - skills achieved by taking this course are verified by the following means: |
Skills demonstration during practicum |
Competences - competence achieved by taking this course are verified by the following means: |
Test |
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Teaching methods
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Knowledge - the following training methods are used to achieve the required knowledge: |
Lecture |
One-to-One tutorial |
Self-study of literature |
Skills - the following training methods are used to achieve the required skills: |
Practicum |
Competences - the following training methods are used to achieve the required competences: |
Self-study of literature |
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