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Course syllabus BEEX33273 - Current Problems in Economic Theory (FEP - 2019/2020 - post-graduate studies)

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Pan-european University
Faculty of Economics and Business
Course unit code:
Course unit title: Current Problems in Economic Theory
Planned learning activities and teaching methods:
lecture12 hours weekly / 12 hours per semester of study (on-site method)

Credits allocated:
Recommended semester/trimester:
Level of study:
Prerequisites for registration:
Assessment methods:
- Two Position Papers to be sent by e-mail.
- Term Paper to be sent by e-mail.
To pass the course student needs to fulfill both conditions.
Learning outcomes of the course unit:
This course presents models commonly used in policy framework as is the literature which stems from the time inconsistency problem. In addition some models of currency crisis, exchange rate economics, and other useful models are presented, among them models on economic rationality.
Course contents:
Discretion versus Rules, Currency Crisis Models, Exchange Rate Models, Some Other Useful Models
Recommended or required reading:
Barro, Robert and David Gordon, “Rules, Discretion, and Reputation in a Model of Monetary Policy,” Journal of Monetary Economics, 12 (1), 1983, 101-121
Cukierman, A. and N. Liviatan, “Optimal Accommodation by Strong Policymakers under Incomplete Information,” Journal of Monetary Economics, 27 (1), Feb 1991, 99-127
Engel, Charles and John H. Rogers, How Wide Is the Border?, The American Economic Review, Vol. 86, No. 5 (Dec., 1996), pp. 1112-1125
Heijdra, Ben J. and Frederick van der Ploeg, The Foundations of Modern Macroeconomics, Oxford University Press, Chapter 3, Rational Expectations and Economic Policy, pp. 60-70
Krugman, Paul, “Target Zones and Exchange Rate Dynamics,” Quarterly Journal of Economics, 56, 3, August 1991 pp. 669-682
Obstfeld Maurice and Kenneth Rogoff, Foundations of International Macroeconomis, The MIT Press, 1996, 8.4.2 Speculative Attacks on Fixed-Exchange Rate Regimes, pp. 558-565

Language of instruction:
Courses evaluation:
Assessed students in total: 67

91,0 %
3,0 %
1,5 %
0 %
0 %
4,5 %
Name of lecturer(s): prof. Ing. Rastislav Rajnoha, PhD. (examiner, instructor, lecturer, person responsible for course, tutor)
Last modification:
18. 6. 2019
prof. Ing. Rastislav Rajnoha, PhD.

Last modification made by Ján Lukáš on 06/18/2019.

Type of output: