|
Lecturer(s)
|
-
Kovárník Pavel, JUDr. Ing. Ph.D.
|
|
Course content
|
The Basic Solow Model Savings in an OLG Model Infinitely Lived Agents Recursive Deterministic Models Recursive Stochastic Models Hansen's RBC Model Linear Quadratic Dynamic Programming Money: Cash in Advance Money in the Utility Function Staggered Pricing Model Staggered Wage Setting Financial Markets and Monetary Policy Small Open Economy Models
|
|
Learning activities and teaching methods
|
Interactive lecture, Task-based study method, Textual studies, Practicum
- Preparation for an examination (30-60)
- 56 hours per semester
- Contact hours
- 39 hours per semester
- Undergraduate study programme term essay (20-40)
- 35 hours per semester
|
| prerequisite |
|---|
| Knowledge |
|---|
| understand basic courses of: Basic Microeconomics, Basic Macroeconomics, Mathematics and Statistics |
| describe the principles of partial markets' working |
| explain the basic microeconomic models |
| explain the basic macroeconomic models |
| explain fundamental microeconomic variables |
| explain fundamental macroeconomic variables |
| describe the principles of the national economy working, including the interactions with foreign |
| Skills |
|---|
| estimate the change in behavior of microeconomic subjects with respect to the change of the parameter of the model |
| distinguish the basic microeconomic approaches according to their assumptions |
| interpret the values of microeconomic variables |
| Competences |
|---|
| N/A |
| N/A |
| learning outcomes |
|---|
| Knowledge |
|---|
| explain the basic principles of dynamic macroeconomics |
| classify various dynamic theories according to their initial assumptions |
| Skills |
|---|
| solve and estimate selected dynamic models using Dynare toolbox |
| Competences |
|---|
| N/A |
| N/A |
| teaching methods |
|---|
| Knowledge |
|---|
| Interactive lecture |
| Textual studies |
| Skills |
|---|
| Practicum |
| Task-based study method |
| Competences |
|---|
| Lecture |
| Collaborative instruction |
| Cooperative instruction |
| assessment methods |
|---|
| Knowledge |
|---|
| Combined exam |
| Skills |
|---|
| Seminar work |
| Competences |
|---|
| Individual presentation at a seminar |
| Seminar work |
|
Recommended literature
|
-
Galí, Jordi. Monetary policy, inflation, and the business cycle : an introduction to the New Keynesian framework. Princeton : Princeton University Press, 2008. ISBN 978-0-691-13316-4.
-
Ljungqvist, Lars; Sargent, Thomas J. Recursive macroeconomic theory. 2nd ed. Cambridge : MIT Press, 2004. ISBN 978-0-262-12274-0.
-
McCandless, George T. The ABCs of RBCs : an introduction to dynamic macroeconomic models. Cambridge : Harvard University Pres, 2008. ISBN 978-0-674-02814-2.
-
Walsh, Carl E. Monetary Theory and Policy, 2 edition. The MIT Press, 2003.
|