Week 1 (24th September, 2013)
Lecture 1
Exercise 1
During the first week we covered some introductory topics in Macroeconomics II. These lectures are based on the first two chapters in Mankiw (2010).
Week 2 (1st October, 2013)
Lecture 2
We covered Chapter 3 from Mankiw (2010). Below you can find a link for useful learning material that accompanies the textbook we are using.
We also mentioned your obligatory 20 min presentations on selected topics. For an inspiration check well known resources of news: The Economist; Financial Times, Wall Street Journal , etc. (you will find links below)
We mentioned that you will have a chance to visit some of the research seminars at CERGE-EI (link below). Let me know for which you are interested and we can organize your visit.
Exercise 2
We solved problems 2 and 4 from Chapter 2, and problems 3 and 9 from Chapter 3 (Mankiw, 2010).
Week 3 (8th October, 2013)
Lecture 3
We covered Chapter 4 from Mankiw (2010). We learned Quantity Theory of Money and the relationship between money supply and money demand. We also answered why IMF is asking Turkey to increase savings. As a general rule, I recommned that all concepts we learn during the class you connect to some current news.
Exercise 3
We solved problems 2 and 4 from Chapter 4 (Mankiw, 2010).
Week 4 (15th October, 2013)
Lecture 4
We covered Chapter 6 from Mankiw (2010). We learned about unemployment rates and how they change over time. We learned about labor market supply and demand factors.
Exercise 4
We solved problem 4 from Chapter 6 (Mankiw, 2010).
Week 5 and 6 (22nd and 29th October, 2013)
Lecture 5
We covered Solow-Swan growth model and discussed the casees of Botswana's economic success.
Week 7 (5th November, 2013)
Lecture 7
We covered business cycles and determinants of growth in the short run.
During the excercise session we went over the example "Pay and economic growth"
Week 8_9 (12th November; 19th November, 2013)
Lecture 8_9
We learned about monetary policy and the role of the Central Bank in the economy.
During excercise session we refer to the article "Perils of inflation"
from "The Economist" from which we found out why deflation or long term low inflation might be hurtful for the economy.
The timing of the lecture was just right since Czech National Bank made an intervention which caused an increase in inflation. The second article we went through discussed reasons and expectations of this intervention. "Czech National Bank intervenes to weaken koruna"
Week 10 (26th November, 2013)
Lecture 10
Week 11 (3rd December, 2013)
Lecture 11
We discussed two cases of financial anlysis. Group I examined the commentary on public investments in Monsabiqu, while Group II examined commentary on current account of Great Britain
Week 12 (10th December, 2013)
Lecture 12
Resources:
Mankiw (2010) Student Material
CERGE-EI Research Seminars
The Economist
Bloomberg
The Wall Street Journal
Financial Times