B_PH_MAE_k Macroeconomics

NEWTON University
summer 2026
Extent and Intensity
0/18. 6 credit(s). Type of Completion: zk (examination).
Teacher(s)
Ing. Petr Zimčík, Ph.D. (lecturer)
Ing. Jan Boubín, Ph.D. (seminar tutor)
Berta Test Testovací (alternate examiner)
Guaranteed by
prof. Ing. PhDr. Ing. Vladimír Tomšík, Ph.D. et Ph.D.
Centrum ekonomie a datové analytiky – Academic Department – NEWTON University
Timetable of Seminar Groups
B_PH_MAE_k/01: Sat 14. 2. 8:45–11:55 PH Učebna 03, Sun 1. 3. 8:45–11:55 PH Učebna 01, Sun 15. 3. 10:25–14:30 PH Učebna 03, Sun 19. 4. 8:45–14:30 PH Učebna 01, J. Boubín
Course Enrolment Limitations
The course is offered to students of any study field.
Course objectives

The course describes the key theoretical principles of the functioning of national and global economies. It provides an introduction to basic macroeconomic issues, specifically the main macroeconomic indicators with an emphasis on economic performance, inflation, and unemployment, as well as the money market, theories of macroeconomic equilibrium, economic fluctuations, and macroeconomic policies. 

Course objectives: to familiarize students with basic concepts, theoretical models, and practical examples from the macroeconomic environment; to gain an overview of the main macroeconomic indicators, their development, and interconnections; to explain the tools used by the government and central bank in economic policy; to be able to apply basic macroeconomic models to real events and developments in the national economy; to prepare for the topics covered in the final state exam.

Learning outcomes
After completing the course, students will have the basic knowledge of macroeconomics to think critically and evaluate information distributed through the media and social networks about the economic situation in a given country or in the global context.
Syllabus
  • Introduction to macroeconomics (basic concepts, economic sectors, definition of approaches in macroeconomics, and economic data).
  • Measuring economic performance (GDP, measurement methods, economic strength, gross national product, alternative measures of well-being).
  • Macroeconomic equilibrium (aggregate demand, aggregate supply, AS-AD model, consumption, savings, investment).
  • Money and the functioning of the money market (history and forms of money, quantitative theory of money, demand for money, supply of money).
  • The labor market and unemployment (labor market demand and supply, distribution of the population in terms of the labor market, indicators, types of unemployment, employment policy).
  • Inflation (definition, methods of measurement, effects of inflation, types of inflation, Phillips curve).
  • Economic growth and business cycles (definition, long-term economic growth and its factors, phases of the business cycle).
  • Economic policy and the role of the state (carriers, objectives, and types of economic policy).
  • Monetary policy (banking system, central bank, instruments, types, and regimes of monetary policy).
  • Fiscal policy (public finances, deficit, debt, fiscal policy instruments, and their effectiveness).
  • Foreign trade policy (basic indicators, absolute/comparative advantage, foreign trade model, objectives, and instruments of foreign trade policy).
  • International monetary system and balance of payments (foreign exchange market, exchange rate regimes, exchange rates, structure and significance of the balance of payments).
Literature
  • HELÍSEK, Mojmír; HEISSLER, Herbert; WAWROSZ, Petr. Makroekonomie – základní kurz. Praha: Eupress, 2012. ISBN 978-80-7408-059-3.
  • HOLMAN, Robert. Ekonomie. 6. vyd. Praha: C. H. Beck, 2016. 720 s. ISBN 978-80-7400-278-6.
  • TULEJA, Pavel; FUCHS, Kamil. Základy ekonomie. Praha: Ekopress, 2005. ISBN 80-86119-74-2.
  • MANKIW, Gregory. Zásady ekonomie. Praha: Grada, 1999. ISBN 978-80-7169-891-3.
  • NORDHAUS, William Dawbney; SAMUELSON, Paul Anthony. Ekonomie. Praha: NS Svoboda, 2013. 715 s. ISBN 978-80-205-0629-0.
  • JUREČKA, Jakub; JUREČKA, Václav. Makroekonomie. Praha: Grada, 2017. 368 s. ISBN 978-80-271-0251-8.
Assessment methods
Credit: completion of two credit-bearing homework assignments and submission to the submission system in the information system (minimum 50% of points required; students will also receive feedback via the information system); Exam: written test (knowledge of the subject, reading and creating graphs, numerical example); the final grade is awarded solely based on the exam score.
Language of instruction
Czech
The course is also listed under the following terms summer 2025.
  • Enrolment Statistics (recent)
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