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Intro To Macroeconomics Theory and Practice - Syllabus

This document outlines the course syllabus for an introduction to macroeconomics class, including: - The course number, title, credit units, and prerequisite - A description of the course emphasizing macroeconomic concepts like unemployment, inflation, and fiscal/monetary policy - Expected course outcomes including understanding national economics and policy recommendations - An outline of the course topics over 12 weeks covering macroeconomic theories, measurements, models, and policies - Assessment methods like exams, quizzes, assignments, and class activities

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2K views4 pages

Intro To Macroeconomics Theory and Practice - Syllabus

This document outlines the course syllabus for an introduction to macroeconomics class, including: - The course number, title, credit units, and prerequisite - A description of the course emphasizing macroeconomic concepts like unemployment, inflation, and fiscal/monetary policy - Expected course outcomes including understanding national economics and policy recommendations - An outline of the course topics over 12 weeks covering macroeconomic theories, measurements, models, and policies - Assessment methods like exams, quizzes, assignments, and class activities

Uploaded by

Honey Hon
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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COURSE SYLLABUS

Prepared by:

Reviewed by:

Approved by:

I.

COURSE NUMBER

: BE101B

II.

COURSE TITLE

: INTRODUCTION TO MACROECONOMICS: THEORY AND PRACTICE

III.

CREDIT UNIT

: 3

IV.

PREREQUISITE

: INTRODUCTION TO MICROECONOMICS: THEORY AND POLICY W/ LRT

COURSE DESCRIPTION

: This subject emphasizes on the broader concept of economics which focuses on the
economic activity of a nation. Important issues that affect the economy of the country will
be tackled such as unemployment, inflation, and the monetary and fiscal policy.

V.

VI.

COURSE OUTCOMES

VII.

VALUES INTEGRATION

VIII.

COURSE OUTLINE

LECTURE: 3

LAB: 0

Present theory-based analysis and relevant understanding of how the economics of a


nation works.
Evaluate the source of wealth of a nation and practice proper allocation.
Recommend effective and sustainable economic decision through application of
concepts and the various policies in macroeconomics.

After taking this course subject, the student should:


Develop inquisitiveness and self-awareness of what decisions to take upon doing
economic transactions.
Enhance nationalism and ethical reasoning.
Practice rationality and analytic skills in decision making.

Learning Outcomes/
Competency

Course Topics

Teaching Strategy/
Learning Activities

Assessment Tasks

PRELIM
Week 1 (3 hours)
I. Introduction to Economics
A. The Scope and Method of
Economics.
B. The Economic Problem: Scarcity
and Choice.
C. Demand, Supply, and Market
Equilibrium.
D. Demand and Supply
Applications.
E. 10 Principles of Economics

Recall the 10 principles of


economics
Define economics and
distinguish between
microeconomics and
macroeconomics.
Explain the five core ideas
that define the economic way
of thinking.

Appreciate the worth of


studying Economics and the

works of economists as social


scientists.
Apply the different methods
theories, policy and models in
creating effective and
sustainable economic
decisions.

Lecture/ Classroom
discussion
Problem Analysis

Oral Recitation
Quiz

Week 2 (3 hours)

Page 1 of 4

II.Concepts and Problems in


Macroeconomics.
A. Introduction to Macroeconomics.
1. Macroeconomic Concerns.
2. The Components of the
Macroeconomics.
3. A Brief History of
Macroeconomics

Week 3 (3 hours)
B. Unemployment, Inflation, and
Long-Run Growth.
1. Unemployment
2. Inflation
3. Long-Run Growth

Explain the macroeconomic


concerns
Understand the components
of the macroeconomic.
Appreciate the role of the
government in the macroeconomy.
Discuss the brief history of
Macroeconomics.
Assess the business cycle
Identify the different types of
unemployment and inflation
Define unemployment,
inflation and economic
growth.
Explain the causes of
unemployment, inflation and
recession.
Identify and apply
macroeconomic policies to
alleviate unemployment,
inflation and recession.

Lecture/ Classroom
discussion
Group dynamic
Problem Analysis

Oral Recitation
Seatwork
Group work

Lecture/ Classroom
discussion
Group dynamic
Problem Analysis

Oral Recitation
Seatwork
Quiz

Lecture/ Classroom
discussion
Group dynamic
Problem Analysis

Oral Recitation
Quiz
Boardwork

Lecture/ Classroom
discussion
Group dynamic
Library work

Oral Recitation
Seatwork
Group Activity

MIDTERM
Week 4 (3 hours)
III.

The Core of Macroeconomic Theory.


A. Aggregate Expenditure and
Equilibrium Output.
1. Aggregate Demand and
Supply
a. Aggregate Demand
b. Aggregate Supply
c. Market Equilibrium

Week 5 (3 hours)
B. Measuring National Output and
National Income.
1. Gross Domestic Product.
2. Calculating GDP.
3. Nominal versus Real GDP.
4. Limitations of the GDP
Concept.

Distinguish Aggregate
demand and Aggregate
supply
Explain Aggregate demand
and supply determinants
Differentiate Aggregate
Demand and demand
Differentiate Aggregate
supply and supply
Use law of supply and
demand to illustrate the
Aggregate demand Supply.

Define and calculate GDP.

Distinguish GDP, GNP, NDP


and NNP.

Realize the significance of

measuring the performance of


an economy.
PREFINAL

Week 6 (3 hours)

Page 2 of 4

C. Money, Interest and Income


1. Equilibrium in Both the
Goods and Money Markets:
The IS-LM Model
2. Policy Effects in the Goods
and Money Markets.
3. IS-LM vs Ad-AS.

Understand planned
investment and its
determinants.
Explain the effects of
expansionary, contractionary
and the Macroeconomic policy
mix on the goods and money
markets.

Determine the causes of shift


in aggregate demand.
Explain how price are
determined in both the goods
and money markets

Lecture/ Classroom
discussion
Problem Analysis

Oral Recitation
Seatwork
Assignment

Lecture/ Classroom
discussion
Group dynamic
Problem Analysis

Oral Recitation
Seatwork
Quiz

Lecture/ Classroom
discussion
Group dynamic

Oral Recitation
Seatwork
Quiz

Lecture/ Classroom
discussion
Group dynamic
Problem Analysis

Oral Recitation
Seatwork

Lecture/ Classroom
discussion
Problem Analysis

Oral Recitation
Quiz

Week 7 (3 hours)
4.
5.
6.

IS curve shifts
Crowding-out effect
Fiscal policy: Expansionary
and contractionary policy

Week 8 (3 hours)
7.
8.
9.

Financial markets
Shifts of financial markets
(LM curve)
Monetary Policy:
Expansionary and
contractionary policy

Define the concept of


crowding-out effect
Determine the effects of fiscal
policy changes relative to the
IS curve
Explain and understand the
goods market
Identify the determinants of
shifts of the IS curve
Explain the concept of LM
curve and financial market
Determine the effects of
monetary policy changes in
money stock
Explain the effects of
monetary expansion and
contraction
Define the concept of liquidity
trap
FINAL

Week 9 (3 hours)
IV.

The World Economy


A. The Economics of Depression,
Hyperinflation and Deficits
1. Trade Surpluses and Deficits.
2. Comparative Advantage.
3. Trade Barriers: Tariffs, Export
Subsidies, and Quotas.

Distinguish absolute
advantage versus comparative
advantage.
Explain the terms of trade and
exchange rates.
Discuss the trade barriers.

Week 10 (3 hours)
4. The Balance of Payments
5. Equilibrium Output (Income)
in an Open Economy.
6. The Open Economy with
Flexible Exchange Rate
7. Foreign exchange

Understand the current and the


capital account in the balance
of payments.
Determine the international

sector and planned aggregate


expenditure

Explain the trade and price


feedback effect on imports and
exports.
Explain foreign exchange
market and its effect on the

Week 11 (3 hours)

Page 3 of 4

8.

Aggregate Demand and


Supply
9. Keynesian Economics
10. Classical Economics

Describe the life in the


developing nations.
Discuss the sources and
strategies of economic
development.
Explain the velocity of money
and the quantity theory of
money
Evaluate Supply-Side
Economics.

Lecture/ Classroom
discussion
Group dynamic
Problem Analysis

Oral Recitation
Quiz
Assignment

Lecture/ Classroom
discussion
Group dynamic
Problem Analysis

Oral Recitation
Quiz
Group work

Week 12 (3 hours)
11. Great Depression
12. Hyperinflation and Deficits

TEXTBOOKS

REFERENCE BOOKS :

ONLINE REFERENCES

Define budget deficits,


hyperinflation and depression
Assess how great depression
occur
Identify the policies used by
the government and applying
Keynesian and classical
theories
Assess the process on how to
break-away from depression
Identify the causes of
hyperinflation and predict
what could happen to the
Philippine economy if
depression occurs

Baumol, William and Alan Blinder, Macroeconomics: Principles and Policy, 12 th Ed., 2012
Leuterio, Mercedes M. and Consuelo B. Estepa, Banking Theory and Practice(Revised Edition),
2004
Lieberman, Marc and Robert Hall, Principles and Application of Macroeconomics, 6 th Ed., 2013
Slavin, Stephen L. Macroeconomics, 9th Ed., 2010

Page 4 of 4

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