# Macroeconomics

- Credits: 7
- Ending: Examination
- Range: 2P + 2C
- Semester: summer
- Year: 1
- Faculty of Business Economics with seat in Košice

## Teachers

## Included in study programs

**Teaching results**

The aim of the course is to provide students a theoretical basis in the field of macroeconomics with a link to practical examples of calculation of individual macroeconomic indicators. It is necessary to work with actual statistical data in this field and to monitor actual trends in the development of individual macroeconomic indicators in Slovakia.

Knowledge:

• acquisition of knowledge in the field of basic economic theories, macroeconomic balance, economic growth and cyclical development

• knowledge of consumption, savings, investment, money, economic performance measurement

• knowledge related to solution of the problem of inflation and unemployment

Skills:

• search for current statistical data within the content of the course

• calculate basic macroeconomic indicators

• interpret the results achieved

• draw curves, shifts of curves

• express and present attitudes and opinions in solving macroeconomic problems

Competences:

• competence to think abstractly, analytically and economically, especially through the connection of theoretical knowledge with practical examples

• competence to systematize knowledge in relation to other subjects in the field of economic policy and international trade.

• competence to take own macroeconomic positions and assessments

• competence to search, process, analyze and evaluate information on macroeconomic developments from various sources and apply the conclusions in practical situations

**Indicative content**

Lectures:

1. Theoretical basis of current macroeconomics.

2. Aggregate demand, aggregate supply, macroeconomic equilibrium.

3. Measuring the performance of the economy.

4. Consumption, savings, investments.

5. Economic growth.

6. Economic cycle and economic stabilization.

7. Money and the money market.

8. Inflation.

9. Unemployment.

10. Economic theory and economic policy.

11. Basic problems of budgetary policy.

12. Basic problems of monetary policy.

13. International trade, international economic integration and globalization.

Seminars:

1. Aggregate demand, aggregate supply, macroeconomic equilibrium - quantitative and graphical tasks.

2. Measuring the performance of the economy - quantitative tasks, work with current data.

3. Consumption, savings, investments - quantitative and graphical tasks, work with current data.

4. Economic growth - quantitative tasks, work with current data.

5. Economic cycle and economic stabilization - quantitative and graphical tasks.

6. Money and the money market - quantitative and graphical tasks.

7. Inflation - quantitative and graphical tasks, work with current data.

8. Unemployment - quantitative and graphical tasks, work with current data.

9. Economic theory and economic policy - quantitative and graphical tasks, work with current data and information.

10. Basic problems of budgetary policy - graphic tasks.

11. Basic problems of monetary policy - graphic tasks.

12. International trade, international economic integration and globalization - quantitative and graphical tasks, work with current data.

13. Presentation of semestral works.

**Support literature**

Elementary literature:

1. MUCHOVÁ, E. a kol. Základy ekonómie, Bratislava: Wolters Kluwner, a.s. 2021.

2. JUREČKA, V. Makroekonomie. Praha: Grada. 2017

3. LISÝ, J. a kol.: Ekonómia. Bratislava: Wolters Kluwer, a.s., 2016.

4. HOLMAN, R.: Základy ekonomie. Praha: C.H.Beck. 2015

5. MANKIW, G. N.: Macroeconomics, 10th International Edition, MacMillan Publishers New York 2019.

6. SCHILLER, B. – GEBHARDT, K. : The Macro Economy Today. 15th Edition, Kindle Edition. 2019.

7. CASE, K. E. - FAIR, R. C. - OSTER, S. E.: Principles of Macroeconomics, Pearson Education Limited, 2019

8. KRUGMAN, P.: Macroeconomics. USA: Worth Publishers Inc.,U.S. 2018

9. BLANCHARD, O. et al.: Marcoeconomics. A European Perspective. Pearson Education, 2011.

10. BURDA, M. – WYPLOSZ, Ch.: Macroeconomics. A European Text. Oxford University Press 2010.

Supplementary literature:

11. ROZBORILOVÁ, D. a kol.: Ekonómia praktikum. Ekonomická teória 2. Bratislava: Wolters Kluwer, a.s., 2018.

12. LISÝ, J. - ČAPLANOVÁ, A. – VONGREJ, M.: Dejiny ekonomických teórií. Bratislava: Wolters Kluwer, a.s., 2018.

13. DUJAVA,. D: Ekonomické krízy a ekonomická veda. Bratislava: Wolters Kluwer, a.s., 2016.

14. LISÝ, J. a kol.: Makroekonomická rovnováha a nerovnováha - teoretické a praktické problémy. Bratislava: Wolters Kluwer, a.s., 2013.

15. LIPOVSKÁ, H.: Moderní ekonomie. Praha: Grada, 2017

16. SPĚVÁČEK, V. a kol.: Makroekonomická analýza - teorie a praxe. Praha: Grada. 2016

**Syllabus**

Lectures: 1. Theoretical basis of current macroeconomics. 2. Aggregate demand, aggregate supply, macroeconomic equilibrium. 3. Measuring the performance of the economy. 4. Consumption, savings, investments. 5. Economic growth. 6. Economic cycle and economic stabilization. 7. Money and the money market. 8. Inflation. 9. Unemployment. 10. Economic theory and economic policy. 11. Basic problems of budgetary policy. 12. Basic problems of monetary policy. 13. International trade, international economic integration and globalization. Seminars: 1. Aggregate demand, aggregate supply, macroeconomic equilibrium - quantitative and graphical tasks. 2. Measuring the performance of the economy - quantitative tasks, work with current data. 3. Consumption, savings, investments - quantitative and graphical tasks, work with current data. 4. Economic growth - quantitative tasks, work with current data. 5. Economic cycle and economic stabilization - quantitative and graphical tasks. 6. Money and the money market - quantitative and graphical tasks. 7. Inflation - quantitative and graphical tasks, work with current data. 8. Unemployment - quantitative and graphical tasks, work with current data. 9. Economic theory and economic policy - quantitative and graphical tasks, work with current data and information. 10. Basic problems of budgetary policy - graphic tasks. 11. Basic problems of monetary policy - graphic tasks. 12. International trade, international economic integration and globalization - quantitative and graphical tasks, work with current data. 13. Presentation of semestral works.

**Requirements to complete the course**

Prerequisites: Microeconomics

Requirements to complete the course:

Seminars – total of 40%, of which:

• results of semester test 1 (theoretical questions, quantitative and graphical tasks) – 15%

• results of semester test 2 (theoretical questions, quantitative and graphical tasks) – 15%

• semestral work – 10%

Exam – total 60%

**Student workload**

• Attendance at lectures: 26 hours

• Attendance at seminars: 26 hours

• Preparation for seminars: 26 hours

• Preparation of semester work: 26 hours

• Preparation for semester tests: 26 hours

• Preparation for the exam: 52 hours

Total: 182 hrs.

**Language whose command is required to complete the course**

Slovak

Date of approval: 06.03.2024

Date of the latest change: 17.12.2022