Advanced Macroeconomics – full-time study

Ing. Helena Horska, Ph.D.


Office hours:


Time schedule:

  1. Macroeconomic Environment of Business. Data of macroeconomics -- source and information value. Basic and Chain Indexes.(Feb 24)
    Ch1_Macro_Indicators_Feb13.pdf (381,2 kB)
    Simple_Exercises_Indexes_Ch1.doc (64,5 kB)
  2. Economic growth. Factors of economic growth. Potential output. Economic cycle. System of National Accounts. Macroeconomic equilibriums. Application of macroeconomic indicators. (Mar 2 & 9)
    Ch2_Economic_growth_Mar14.pdf (178 kB)
  3.  Stabilization Policy. Model of Aggregate Supply and Aggregate Demand. Internal Balance. Goals of Macroeconomic Policy. (Mar 16)
    Ch3_AD_AS_Mar2013.pdf (116,8 kB)
  4. Money and Inflation. Advantage and Disadvantage of Inflation. Inflationary and Disinflationary Policy. Monetary policy. Monetary Policy Regimes. Monetary Policy today. (March 30 & Apr 6)
    Ch4_MP_Feb13.pdf (375,8 kB)
  5. Fiscal Policy. Public Budget - revenues and expenditures. Public Debt. Public Finance Reforms. (Apr 6 & 13)
    Ch5_FiscalPolicy_Apr13 (1).pdf (303,7 kB)
  6. The Open Economy. Foreign Trade. International Finance. Balance of Payments. Exchange Rate. Exchange Rate Regimes. External Balance. Economic integration. (Apr 20 & 27 & May 4)
    Ch6_Open_economy_Apr13.pdf (399,5 kB)
  7. Labor Market. Unemployment. Phillips curve. (May 11 & 18)
    Ch7_Labor_market_Feb13.pdf (323,6 kB)


The course is completed by final test.
The students are evaluated on the basis of the following criteria:

  1. Class participation and active contribution to the seminars in form of PRESENTATION including the reading of the assigned materials (10 points)
  2. Two mid-term tests (preliminary on March 30 (Subject 1.-3.) and May 11 (Subject 4.-6.)); maximum score in each test is 20 point (40 points in total, min 24 points in total)
    Test_Adv_Macroeconomics_example.pdf (61 kB)
  3. Final test - maximum score 50 points – in exam period May 16 – June 25 2016
    Final_Test_Adv_Macroeconomics_example.pdf (62,1 kB)
The mid-term exams take place in the course of a semester at prearranged date and time. Students are allowed only one attempt to pass the semi-final test. The minimal admission limit to the final exam is 34 points raised in the semester. If the minimum passing score is not reached, the student fails the course.
The course is completed by final test. The minimum passing score on the final test is 60 %. Students are allowed three attempts to pass the final test. If the minimum passing score is not reached, the student fails the course.
The exam terms are set in IS of SAVS and students are required to register.


  • HORSKA H.,
  • BERNANKE, B. S. -- FRANK, R. H. Principles of Economics. Fourth Edition. USA: McGraw-Hill, 2016. 896 s. ISBN 978-0073511405
  • a relevant literature listed in the handouts (most of them are available at IS SAVS – Science and Research Information ‘Katalog knihovny online’ - ProQuest


  • BALDWIN R.- WYPLOSZ, Ch. The Economics of European Integration. McGraw-Hill, 4th edition. 2012. ISBN: 9780077131722.
  • BLANCHARD, O. Macroeconomics Update. 5th edition. 2010. Prentice-Hall. 615 s. ISBN 0-13-215986-4.
  • BURDA, M. -   WYPLOSZ, C. Macroeconomics. Oxford: Oxford, 572 s. 2005  ISBN 0-19-877650-0.
  • KINDLEBERGER, C. P. - ALIBER, R. Z. Manias, Panics and Crashes. New York: Palgrave Macmillian; fifth edition, 2005. 309 s. ISBN 978-1-4039-3651-6.
  • MANKIW, N. G. Macroeconomics. (Chapter 1-2 + Case Studies). New York: Worth Publisher, Seventh Edition, 2010. ISBN 978-1-4292-1887-0.
  • PASS, CH. – LOWES, B. – ROBINSON, A. Business and Macroeconomics. Routledge. 1995. ISBN 0-415-12400-X.
  • ROMER, D. Advanced Macroeconomics. 4th edition. 2011. McGraw-Hill. ISBN 0-07-126786-7.
  • Prague economic papers. ISSN 1210-0455.