Priciples of Economics 2
- Credits: 6
- Ending: Examination
- Range: 2P + 2C
- Semester: summer
- Year: 1
- Faculty of International Relations
Teachers
Included in study programs
Teaching results
Knowledge:
Completion of the course enables students to master the basic macroeconomic concepts and understand macroeconomic context. The students will be able to systematize the knowledge of macroeconomics in relation to the courses such as economic policy, public finance, social policy and public administration.
Competences:
The students will gain the ability to think like the economist and understand macroeconomic concepts, indicators, policies and issues and apply knowledge of macroeconomics to events in the economy.
Skills:
The students get the ability to search, process and analyze macroeconomic data gained from relevant resources and evaluate macroeconomic development. In tutorial, students are expected to work not only individually but also in teams. The students learn how to discuss and present their arguments.
Indicative content
Gross domestic product. Alternative approaches to measurement of economic performance. Agreggate demand and aggregate supply. Model AD-AS.
Consumption, savings and investment.
Economy in long-run: economic growth.
Economy in short-run: economic cycle.
Money, money market and banking system.
Inflation.
Unemployment and Phillips curve.
Macroeconomic approaches to economic policy.
Fiscal policy.
Monetary policy.
International trade. International flows goods, servises and capital.
Exchange rate mechanism and international monetary relations.
International economic integration.
Support literature
Support literature:
Compulsory literature:
1) Čaplánová, A. a kol.: Ekonómia. Praha: Wolters Kluwer, 2022
2) Darmo, L. a kol.: Ekonómia: praktikum. Praha: Wolters Kluwer, 2022
3) Parkins, N.: Economics. Global edition. Pearson 2018
Suggested reading:
1) Muchová, E. a kol.: Základy ekonómie. Praha: Wolters Kluwer, 2021
2) Vzdelávacia platforma Ekonómia pre každého. Dostupné na: www.learneconomics.sk
3) Krugman, P., Wells, R.: Economics. Worth Pub; 6th edition, 2021
4) Mankiw, N.G.: The Principles of Economics. Cengage Learning; 8th edition, 2017
5) Frank, R. H. – Bernanke, B. S.: Ekonomie. Praha : GRADA Publishing, 2003
6) The core team: Economy. Dostupné na: https://core-econ.org/the-economy/
Requirements to complete the course
Requirements to complete the course:
individual work, written test, written exam
Seminars 40 %, of which:
Activity at the seminar 15 %
Elaboration and presentation of a case study 5 %
Written tests from quantitative and graphic tasks 20 %
Result of the final written exam 60 %
Student workload
Total study load (in hours):
Total student workload: 156 hours. Of which:
Attendance at lectures: 26 hours
Attendance at seminars: 26 hours
Preparation for seminars: 13 hours
Elaboration of a case study in the form of team cooperation: 18 hours
Preparation for written tests of quantitative and graphical tasks: 21 hours
Preparation for the exam: 52 hours
Language whose command is required to complete the course
slovak
Date of approval: 13.02.2023
Date of the latest change: 24.01.2024