BE_PH_MAE Macroeconomics

NEWTON University
summer 2026
Extent and Intensity
2/2. 6 credit(s). Type of Completion: zk (examination).
Teacher(s)
Marina Purina, Ph.D. (lecturer)
Guaranteed by
prof. Ing. PhDr. Ing. Vladimír Tomšík, Ph.D. et Ph.D.
Centre for International Programmes – International programmes – NEWTON University
Timetable
each odd Thursday 16:50–18:20 PH Učebna 04 and each even Thursday 16:50–18:20 PH Učebna 03, except Thu 19. 2., except Thu 16. 4. ; and Thu 19. 2. 16:50–18:20 PH Učebna 08, Thu 16. 4. 16:50–18:20 PH Učebna 09
  • Timetable of Seminar Groups:
BE_PH_MAE/01: each odd Thursday 15:10–16:40 PH Učebna 04 and each even Thursday 15:10–16:40 PH Učebna 03, except Thu 12. 2., except Thu 19. 2., except Thu 16. 4. ; and Thu 12. 2. 15:10–16:40 PH Učebna 08, Thu 19. 2. 15:10–16:50 PH Učebna 08, Thu 16. 4. 15:10–16:40 PH Učebna 09, M. Purina
BE_PH_MAE/02: each odd Thursday 18:30–20:00 PH Učebna 04 and each even Thursday 18:30–20:00 PH Učebna 03, except Thu 19. 2., except Thu 16. 4. ; and Thu 19. 2. 18:30–20:00 PH Učebna 08, Thu 16. 4. 18:30–20:00 PH Učebna 09, M. Purina
BE_PH_MAE/03: Thu 13:30–15:00 Zoom.Praha2, M. Purina
Course Enrolment Limitations
The course is offered to students of any study field.
Course objectives

The course describes the key theoretical foundations of the functioning of national and global economies. The course introduces students to basic macroeconomic issues, specifically the main macroeconomic indicators with emphasis on economic performance, inflation and unemployment, as well as money market, macroeconomic equilibrium theories, economic fluctuations and macroeconomic policies. After completing the course, the student is equipped with the necessary basic knowledge of macroeconomics. Students then should be able to think critically and evaluate information distributed through the media and social networks regarding the economic situation in given country or at the global scale.

Objectives of the course for students:

  • to be familiar with basic macroeconomic concepts, relationships, contexts, and basic theoretical models,

  • to have an overview of the main macroeconomic indicators, their evolution and interdependence,

  • to be able to explain the instruments of government and central bank economic policy,

  • to be able to apply basic macroeconomic models to real events and developments in the national economy,

  • to prepare for the thematic areas of the state final examination.

Syllabus

Course main topics:

  1. Introduction to macroeconomics (basic concepts, economic sectors, definition of approaches in macroeconomics, economic data).

  2. Measuring economic performance (GDP, measurement methods, gross national product, alternative measures of welfare)

  3. Macroeconomic equilibrium (aggregate demand, aggregate supply, AS-AD model, consumption, savings, investment).

  4. Money and the functioning of the money market (history and forms of money, quantitative theory of money, demand for money, supply of money)

  5. Labour market and unemployment (labour market demand and supply, labour market distribution of the population, indicators, types of unemployment, employment policy).

  6. Inflation (definition, methods of measurement, effects of inflation, types of inflation, Phillips curve).

  7. Economic growth and business cycles (definition, long-term economic growth and its factors, business cycle phases).

  8. Economic policy and the role of the state (policymakers, objectives, and types of economic policy).

  9. Monetary policy (banking system, central bank, instruments, types and regimes of monetary policy).

  10. Fiscal policy (public finances, deficit, debt, fiscal policy instruments and their effectiveness).

  11. International trade policy (basic indicators, absolute/comparative advantage, international trade model, objectives, and instruments of international trade policy).

  12. International Monetary System and Balance of Payments (foreign exchange market, exchange rate regimes, exchange rates, structure and importance of balance of payments).

The subject of the seminars will be topics corresponding to the respective topic of the lecture. During the seminars, examples are practiced, knowledge from the lectures is applied and current economic reality is discussed.


Assessment methods
Ungraded credit (on campus, online): written credit test


Examination: written final exam test

Language of instruction
English
The course is also listed under the following terms summer 2021, winter 2021, winter 2022, summer 2023, winter 2023, summer 2024, summer 2025.
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  • Permalink: https://is.newton.cz/course/nu/summer2026/BE_PH_MAE