International University
SCHOOL OF BUSINESS ADMINISTRATION
COURSE SYLLABUS
i
Macroeconomics 1
2017
Note: The outline with specific venue and time, and updated learning
materials for the current semester will be provided to the enrolled students
1. COURSE STAFF
Lecturer: Tu Van Binh, PhD
E-mail: [email protected]
Class site: https://sites.google.com/site/tuvanbinh/
(You should check the site at least once a week to update news, reading materials and other activities of this course)
Teaching Assistant:
Morning:
Ms. Nguyen Thi Ngoc Hieu E-mail: [email protected]
Afternoon:
2. COURSE INFORMATION
2.1 Units of Credit
This course is worth 3 credits.
2.2 Relationship of this course to others
Macroeconomics focuses on problems of an economy as a whole such as economic growth and recession, inflation, unemployment, budget deficit and trade deficit. However, the course of macroeconomics will use many concepts of microeconomics and has something to do with algebra as well as geometry. So to a large extend, the course has close relation to Microeconomics and Calculus. It would be good if the students completed courses of Microeconomics and Calculus before studying Macroeconomics.
2.3 Approach to learning and teaching
3. COURSE AIMS AND OUTCOMES
3.1 Course Aims
Knowledge in the subject would enable the students not only to understand various broad economic issues of a country or a region but also to evaluate macroeconomic policies as well as economic fluctuations both in a country and in the world. The subject also provides the students with necessary abilities to evaluate economic variables as a whole. All of this helps the students plan for a company’s short- run and long-run development more effectively with consideration of effects of the government’s macroeconomic policies.
3.2 Student Learning Outcomes
After completing the course, students should have developed skills in
- Understanding four macroeconomic issues and how they are important to a country’s economic development.
- Knowing how to measure economic growth rate or recession, inflation, unemployment, and budget deficit and trade deficit in an economy
- Understanding macroeconomic policies such as: fiscal policy, monetary policy, external policy and income policy.
After the course, the students will be able to:
- Analyze the economic situation in their country and develop plans for effective response.
- Measure a country’s economic performance and macroeconomic indicators such as unemployment, inflation, balance of payment, etc.
- Understand the effect of various kinds of the government policies on the economy and develop activities to deal with the negative effects.
In generic terms, students completing this course are likely to achieve the following attributes:
Applied research. Conduct, write and present applied research relevant to this course.
Situational exploration. Critically appreciate situations, in terms of their factual, political, temporal, and cultural dimensions.
Problem resolution. Structure and propose solutions to problems that either enable the government to adjust the economy as a whole or help a company to successfully response to changes in macro-environment..
Disciplinary and multidisciplinary perspective. Bring disciplinary and multi-disciplinary perspectives in straightening out situations and projecting possible outcomes.
3.3 Teaching Strategies
The learning system in this course consists of lectures and scheduled presentations/discussions. Lectures elaborate the appropriate theoretical content in the textbook and readings. Classes provide a more detailed and refined analysis of both concepts and applied materials. Classes are strongly oriented towards interactive discussion of the text and cases. In order to gain the most from the lectures and class activities, the assigned text/reading should be read before the lecture to participate in the discussions.
4. STUDENT RESPONSIBILITIES AND CONDUCT
4.1 Workload
It is expected that the students will spend at least six hours per week studying this course. This time should be made up of reading, researching, working on exercises and problems, and attending classes. In periods where they need to complete assignments or prepare for examinations, the workload may be greater.
Over-commitment has been a cause of failure for many students. They should take the required workload into account when planning how to balance study with part-time jobs and other activities.
4.2 Attendance
Your regular and punctual attendance at lectures and related seminar (if any) is expected in this course. University regulations indicate that if students attend less than 80% of scheduled classes they may be refused final assessment. Regular attendance is essential for successful performance and learning in this course, particular in view of the interactive teaching and learning approach adopted. Please inform your lecture if you are unable to attend the class, and arrange for a classmate to copy taken notes.
4.3 General Conduct and Behavior
You are expected to conduct yourself with considerable and respect for the needs of your fellow students and teaching staff. Conduct that unduly disrupts or interferes with a class, such as ringing, or talking on mobile phones, or chatting on internet, is not acceptable and
students may be asked to leave the class.
class discussion. In the course of a semester, every student will receive a cold call at least once. After the opening question, the class will collectively analyze, argue, approach, and persuade polite society (the class). The instructor’s role is one of orchestration and additional stimulation of discussion.
4.4 Keeping informed
You should take notes of all announcements made in lectures, tutorials or review notes on the Google course site. The instructor will post news, announcements and extra reading papers weekly. Besides, from time to time, the University will send important announcements to your through website, course website and/ or Announcement Board (of School of Business and/ or Academic Affair) without providing you with a paper copy. You will be deemed to have received this information.
4.5 Class Policies
You may use a laptop or a tablet during class, but it should be used to further con-cepts and not for other things such as…, as well as…
Please make every effort to arrive in class on time. Turn cell phones, and PDAs off prior to entering class. They are a disruption to the learning process. You may be asked to leave the classroom if this policy is violated.
Extra credits will be assigned to an individual who contributes more in class dis-cussions, problem solving, and good evaluation.
If you are a student that needs a special assistance in the administration of exams or quizzes, please notify me in writing by February 28, 2013.
5. LEARNING ASSESSMENT
5.1 Formal Requirements
In order to pass this course, the students must:
achieve a composite mark of at least 50; and
make a satisfactory attempt at all assessment tasks (see below).
5.2 Assessment Details
Tasks Marks Date/ Notes
2. Group presentation/assignment (cases) 30% Estimated start date: 10th week
3. Mid-term Test 30% Following the school
i. Assignment & Group presentation:
Each team will include 4-5 students and select one of the suggested topics presented in the appendix below. We follow the first-come first-served rule. Each team has
maximum 20 minutes to present the case and answer questions.
Teams will be assigned questions and formed to present the group assignment before a week. Team members should work together to determine the approach and assign individual responsibilities and participations in the presentation. The grading is based on group organization, individual performance, answering questions. Furthermore, each member of the team will take a chance to show up her or his short presentation, not accepted if anyone does not take presentation.
iii. Mid-term Test
The midterm test will be 60-90 minutes in length and will be in either the form of
multiple choices or essay questions. Students are allowed to bring one A4 (both sides) of hand writing. Photocopied pages or printed pages are considered as the cheating.
iv. Final Test
The final test will be 90-120 minutes in length and will be in either the form of multiple choices or essay questions. Students are allowed to bring two A4-pages (4 sides) of hand writing. Photocopied pages or printed pages are considered as the cheating.
v. Grading
The letter grade will be followed by the University suggested rule:
90-100: A+, 80-90: A, 70 – 80: B+, 65 – 70: B, 55 – 65: C+, 50 – 55: C, 30 - <50: D+, 10 - <30: D
vi. Class participation
A minimum attendance of 80 percent is compulsory.
5.3 Special Consideration
Request for special consideration (for final examination only) must be made to the Office of Academic Affairs within one week after the examination. General policy and information on special consideration can be found at the Office of Academic Affairs.
6. ACADEMIC HONESTY AND PLAGIARISM
management is an important part of study and one of the identified causes of plagiarism is poor time management. Students should allow sufficient time for research, drafting, and the proper referencing of sources in preparing all assessment items. The university regards plagiarism as a form of academic misconduct, and has very strict rules regarding plagiarism.1
7. STUDENT RESOURCES
7.1 Course Resources
Please note that it is very important to gain familiarity with the subject matter in the readings and cases prior to attendance in classes.
Textbook:
N.Gregory Mankiw (2012), Principles of Economics, 6th edition, South-Western Cengage
Learning.
Reference Books:
Roger Leroy Miller (2012), Economics Today – The Macro View, 16th edition, Addison-Wesley.
Additional materials provided on the Class Site
Recommended Internet sites
UNCTAD (United Nations Conference on Trade and Development)
WTO (World Trade Organization)
Business Week The Economist Fortune
Forbes
Fulbright Economics Teaching Program
Recommended Journals Harvard Business Review International Business Review Journal of Management Studies Asia Pacific Journal of Management
7.2 Other Resources, Support and Information
Additional learning assistance is available for students in this course and will be made available in Blackboard. Academic journal articles are available through connections via the VNU - Central Library. Recommended articles will be duly informed to the students.
1 This is adapted with kind permission from the University of New South Wales.
i The syllabus is prepared following the format provided by the School of Organisation and Management,
8. COURSE SCHEDULE
Week Topic Learning materials and
activities
Measuring a nation’s income Measurement of GDP Components of GDP Characteristics of GDP Real versus Nominal GDP GDP and Economic Well-Being
Textbook, Chapter 23
Measuring the Cost of Living The Consumer Price Index
Correcting Economic Variables for the Effects of Inflation
GDP Deflator versus Consumer Price Index Real and Nominal Interest Rate
Textbook, Chapter 24
Production and Growth
Economic Growth around the World Productivity: Its Role and Determinants Economic Growth and Public Policies. The Importance of the Long-term growth.
Textbook, Chapter 25
Saving, Investment and the country’s financial system Financial institutions in the US. Economy Saving, Investment in the national income Accounts
Market for loanable fund
Textbook, Chapter 26
Unemployment
Identifying Unemployment Job Search
Minimum-Wage Laws
Unions and Collective Bargaining Theories of Efficiency Wages
Textbook, Chapters 28
The Monetary System
The Meaning of Money The Federal Reserve System Banks and the Money Supply
Textbook, Chapters 29
Money Growth and Inflation
The Classical Theories of Inflation The Costs of Inflation
Textbook, Chapter 30
Midterm Exam (will be confirmed soon) Chapters of Midterm Exam: 23, 24, 25, 26, 28
Will be confirmed soon
Open- Economy Macroeconomics: Basic Concepts The International Flows of Goods and Capital The Price of International Transactions: Real and
The First Theory of Exchange rate determination: Purchasing Power Parity
A Macroeconomic Theory of the Open Economy. Supply and Demand for Loanable Funds and for Foreign Currency Exchange
Equilibrium in the Open Economy How policies and Events affect an Open Economy
Textbook, Chapter 32
Aggregate Demand and Aggregate Supply
Three key facts about the economic fluctuation. Explaining short run economic fluctuation The aggregate Demand Curve (AD) The Aggregate Supply Curve (AS) Two causes of economic fluctuations
Textbook, Chapter 33
The Influence of Monetary and Fiscal Policies on Aggregate Demand
How Monetary policy influences Aggregate Demand?
How fiscal policy influences Aggregate demand Using policies to stabilize the economy.
Textbook, Chapter 34
The Short-run trade-off between inflation and unemployment.
The Phillips Curve
Shifts in the Phillips curve : The role of Expectation
Shifts in the Phillip curves: the Role of supply shocks
Cost of reducing inflation
Review
Text book: Chapter 35
Final exam Final exam: Date will be confirmed
Chapters of final exam: 29, 30, 31, 32, 33, 34, 35
Will be confirmed soon
INTERNATIONAL UNIVERSITY
VNU-HCM
SCHOOL OF BUSINESS
INTRODUCTION TO MICROECONOMICS
GROUP REPORT
Group members:
Student Name and ID Responsibility in
Assignment Participation % * 1.
2. 3.
* Please ensure that you discuss this % as a group and that the mark is fairly allocated. If your group has any problem, please discuss with the course lecturer
Signatures:
a. ____________________________________
b. ____________________________________
c. ____________________________________
