TQF. 3 Course Specification

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TQF. 3 Course Specification

Course Code : IIB 2310

Course Title : Macroeconomics Credits : 3(3-0-6)

Semester / Academic Year : 2 / 2015

Students : Bachelor of Business Administration Program : International Business

Lecturer : Dr. Siriwan Saksiriruthai

International College, Suan Sunandha Rajabhat University

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Section Contents Pages

Section 1 General Information 1

Section 2 Objectives and Purposes 2

Section 3 Course Structure 3

Section 4 Developing Student’s Learning Outcomes 4

Section 5 Lesson Plan and Assessment 6

Section 6 Learning and Teaching Resources 11

Section 7 Course Evaluation and Improvement 12

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Section 1 General Information

1. Code and Course Title: IIB 2310 Macroeconomics 2. Credits: 3(3-0-6)

3. Curriculum and Course Category:

This course of Bachelor of Business Administration, International College, Suan Sunandha Rajabhat University is categorized in Business Major Required Course.

4. Lecturer:

Dr.Siriwan Saksiriruthai 5. Year / Semester

Undergraduate student year 2 / Semester 2/2015 6. Prerequisite Course

IIB 2205 Microeconomics 7. Co-requisite Course:

None

8. Learning Location

International College Building, Nakhon Pathom Learning Center, Room 408 Friday 9.00-12.00 and 13.00-16.00

9. Last Date for Preparing and Revising this Course:

November 30^th, 2015

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Section 2 Objectives and Purposes

1. Course Aims

At the end of this course, the student will be able to perform in the following areas of performance:

1.1 To provide a knowledge and understanding of the theoretical foundations of macroeconomics

1.2 To introduce and expand upon key economic concepts and to place them in a real world context facilitating practical insights

1.3 To develop an appreciation of the importance of economic forces in shaping the contemporary world

1.4 To improve the analytical skills and systematic thinking applicable for everyday decision-making

2. Objectives for Developing / Revising Course (content / learning process / assessment / etc.)

According to TQF 5 (Thailand Quality Framework 5: HEd.) for the 2015 academic year, students should develop their abilities as follow:

(1) The need to increase analysis ability;

(2) The need to encourage team work;

(3) The need to revise assessment technique and focus more on cooperative learning practice.

Therefore, the purpose for developing course content is that students need to increase their analysis abilities as well as the change of learning technique to be more on cooperative learning. Thus, learning process will be revise in more practical ways, such as assigning cooperative activities for team work development.

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Section 3 Course Structure

1. Course Outline

Introduction to basic principles of macroeconomics: national income accounting, business cycles, income, inflation, budget deficit, and monetary and fiscal policy. International economics topics are trade policy, comparative advantage theory, balance of payments, exchange rates and trade and finance problems and policy.

2. Time Length per Semester (Lecture – hours / Practice – hours / Self Study – hours)

Lecture

Practice/

Field Work/

Internship

Self Study Remedial Class

48 hours - 96 hours / week 3+ (if any)

3. Time Length per Week for Individual Academic Consulting and Guidance

1 hour / week

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Section 4 Developing Student’s Learning Outcomes

Learning

Standards/Outcomes Learning Activities Learning Assessment 1. Ethic and Morals

(1) The ability to deliver or to complete a required task at or the appointed time, (2) The ability to do the right

thing according to the

values, beliefs and principles they claim to hold,

(3) The ability to make decisions in business

according to moral concepts and judgments.

(1) Group activities (2) Classroom attendance (3) Group activities

(1) Open-end Questions (2) Attendance criteria (3) Short answer

questions

2. Knowledge

(1) The ability to identify the business theories and describe important case studies,

(2) The ability to provide an analysis and provide the solution to real world problems,

(3) The ability to use business knowledge integrated with other disciplines.

(1) Case studies (2) Field trip

(3) Mid-term examination (4) Final examination

(1) Open-ended questions (2) Individual term

paper (3) Paper test (4) Paper test

3. Cognitive Skills (1) Self-study and sharing

information to the class, (2) The ability to solve

problems from case studies.

(1) Cooperative learning (2) Case study

(1) Short answer questions (2) Essay questions

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5 Learning

Standards/Outcomes Learning Activities Learning Assessment 4. Interpersonal Skills and

Responsibilities

(1) The ability to communicate in English,

(2) The ability to use English to solve business problem, (3) Initiate some new business

ideas and have leadership.

(1) Group discussion (2) Cooperative learning (3) Cooperative learning

(1) Question & answer (2) Question & answer (3) Open-end questions

5. Numerical Analysis, Communication and

Information Technology Skills (1) Be able to use basic ICT

skills and apply them to daily life,

(2) Be able to use IT to search for new knowledge and apply numerical analysis in communication with emphasis on practical and real life experiences.

(1) Group report (2) Group activity

(1) Report paper (2) Question & answer

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Section 5 Lesson Plan and Assessment

1. Lesson Plan

Week Topic/Outline Periods Learning Activities and

Medias 1 Introduction to Macroeconomics

 Introduction to the course

 Basic Principle of Macroeconomics

 Introduction to course

 Pretest

3  Pretest

 Direct instruction and group discussion

 Student center:

cooperative learning (round robin)

2 National income accounting

 National income accounting:

definition

 The economy’s income and Expenditure

 The measurement of Gross Domestic Product (GDP)

3  Direct instruction and group discussion

 Student center:

cooperative learning (round table)

3 Business cycles

 Definition of business cycle

 Key facts about business cycle

 Case Studies

 Student center:

cooperative learning (think-pair-share) 4 Inflation

 Price and roles of price in the economy

 Measuring inflation

 Effects of inflation to the economy

 Case studies

 Student center:

cooperative learning (game tournament)

5 Macroeconomics and Sufficiency Economy

 Sufficiency Economy Philosophy and economic growth

 Sufficiency Economy for business practice

 Student center:

cooperative learning (jigsaw activity) 6 Macroeconomics Sufficiency Economy:

Field Trip

 Royal Chitralada Project Field Trip Visit

3  Field Trip

 Individual report

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Medias 7 Budget deficit and surplus

 National income accounts and identities

 Budget deficit and budget surplus

 Case Studies

 Student center:

cooperative learning (round robin)

 Activities sheet 8 ---MIDTERM EXAM--- 9 The Monetary System

 The Meaning of Money

 The Kinds of Money

 Bank and the Money Supply

 Case Studies

3  Direct instruction and group discussion

 Student center:

cooperative learning (think-pair-share) 10 Monetary Policy

 Monetary policy instruments

 Effect of monetary policy on the economy

 Case studies

 Student center:

cooperative learning (jigsaw problem solving)

11 Fiscal Policy

 Role of government and fiscal policy

 Fiscal policy instruments

 Effect of fiscal policy on the economy

 Student center:

cooperative learning (round table)

12 International Transactions and Exchange Rate

 Nominal exchange rate

 Real exchange rate

 Purchasing Power Parity and Implications

 Student center:

cooperative learning (rotating feedback) 13 Balance of Payment

 Definition of balance of payment

 Composition of balance of payment

 Balance of payment surplus and balance of payment deficit

 Effects of balance of payment surplus and balance of payment deficit on the exchange rate and economy

 Case Studies

 Student center:

cooperative learning (rally robin)

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Medias 14 International Trade and the Gains from

Trade

 Specialization and trade

 Absolute advantage

 Comparative advantage and trade

 Applications of comparative advantage

 Determinants of trade and effects of trade restrictions

 Student center:

cooperative learning (role playing)

15 Trade and Finance Problems and Policy

 International trade problems

 International finance problems

 International trade policy

 International finance policy

 Case studies

 Reading and answering practice

16 *** MAKE UP CLASS*** 3  Group discussion

 Exam review

 Post test

17 ---FINAL EXAM---

Total of Hours 48

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2. Learning Assessment Plan

Learning Outcome Assessment Activities

Time Schedule (Week)

Proportion for Assessment

(%) 1 Ethic and Morals

(1) The ability to deliver or to complete a required task at or the appointed time,

(2) The ability to do the right thing according to the values, beliefs and principles they claim to hold,

(3) The ability to make decisions in business according to moral concepts and judgments.

(1) Open-end Questions (2) Attendance

criteria (3) Short answer

questions

Throughout semester

(1) S/U (2) 10%

(3) S/U

2 Knowledge

(1) The ability to identify the business theories and describe important case studies,

(2) The ability to provide an analysis and provide the

solution to real world problems, (3) The ability to use business

knowledge integrated with other disciplines.

(1) Open-end Questions (2) Field trip (3) Paper test (4) Paper test

(1) Throughout semester (2) Week 6 (3) Week 8 (4) Week 17

(1) S/U (2) 20%

(3) 20 % (4) 30 %

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Learning Outcome Assessment Activities

Time Schedule (Week)

Proportion for Assessment

(%) 3 Cognitive Skills

(1) Self-study and sharing information to the class, (2) The ability to solve problems

from case studies.

(1) Short answer questions (2) Essay

questions

(1) Throughout semester (2) Throughout

semester

(1) 10 % (2) 10 %

4 Interpersonal Skills and Responsibilities

(1) The ability to communicate in English,

(2) The ability to use English to solve business problem, (3) Initiate some new business

ideas and have leadership.

(1) Question &

answer (2) Question &

answer (3) Open-end

questions

Throughout semester

(1) S/U (2) S/U (3) S/U

5 Numerical Analysis,

Communication and Information Technology Skills

(1) Be able to use basic ICT skills and apply them to daily life, (2) Be able to use IT to search for

new knowledge and apply numerical analysis in

communication with emphasis on practical and real life experiences.

(1) Question &

answer (1) Throughout semester

(1) S/U

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Section 6 Learning and Teaching Resources

1. Textbook and Main Documents

Mankiw, N. G. (2012). Principles of Macroeconomics. 6^th ed. Canada:

Thomson/South-Western.

2. Important Documents for Extra Study

Schiller, B. R. (2006). The Economy Today. 10^th ed. China: McGraw-Hill/Irvin.

3. Suggestion Information (Printing Materials/Website/CD/Others)

Frank, R. H & Bernanke, B. S. (2007). Principles of Macroeconomics. 3^rd ed.

New York: McGraw-Hill/Irvin.

Samuelson, P. A. & Nardhaus, W. D. (2005). Economics. 18^th ed.

New York: McGraw-Hill/Irvin.

Sources of Learning from Websites

Investorpedia. (2015). CFA Level 1 - Chapter 4: Introduction to Macroeconomics.

Retrieved from http://www.investopedia.com/study-guide/cfa-exam/level- 1/macroeconomics/#axzz1d2jeCg7o

MIT Open Courseware. (2014). Principle of Macroeconomics.

Retrieved from http://ocw.mit.edu/courses/economics/14-02-principles-of- macroeconomics-fall-2014/lecture-notes/

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Section 7 Course Evaluation and Revising

1. Strategies for Course Evaluation by Students

Using survey questions to collect information from the students’ opinions to improve the course and enhance the curriculum. Examples of questions:

(1) Content objectives were made clear to the students.

(2) The content was organized around the objectives.

(3) Content was sufficiently integrated.

(4) Content was sufficiently integrated to the rest of the first year curriculum.

(5) The instructional materials used were effectively.

(6) The learning methods appropriate assessed the students’ understanding of the content.

(7) Overall, students are satisfied with the quality of this course.

2. Strategies for Course Evaluation by Lecturer

2.1 Lecturer team observes the class and discusses the results as follow:

(1) The lecturer is well prepared for class sessions.

(2) The lecturer answers questions carefully and completely.

(3) The lecturer uses examples to make the materials easy to understand.

(4) The lecturer stimulated interest in the course.

(5) The lecturer made the course material interesting.

(6) The lecturer is knowledgeable about the topics presented in this course.

(7) The lecturer treats students respectfully.

(8) The lecturer is fair in dealing with students.

(9) The lecturer makes students feel comfortable about asking question.

(10) Course assignments are interesting and stimulating.

(11) The lecturer’s use of technology enhanced learning in the classroom.

2.2 The Director / Head of program constructs assessment items to evaluate four dimensions of lecturer’s competencies: teaching skills, organization and presentation of materials, management of the learning environment, and teaching attitudes.

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3. Teaching Revision

Lecturer revises teaching / learning process based on the results from the students’ survey question, observation, suggestion, and classroom research.

4. Feedback for Achievement Standards

The evaluation is conducted by International College Administrator Committee in order to assessment process and grading.

5. Methodology and Planning for Course Review and Improvement

5.1 Revise and develop course structure and process every three years.

5.2 Assign different lecturers teach this course to enhance students’ performance.

TQF. 3 Course Specification