Course TitleMacroeconomics
Course Code12193
Number of Credits: 3
Teaching Hours: 48
Prerequisites:Microeconomics
Overview
Economics is a social science particularly interested in understanding behavior. Similar to other sciences, economists typically explore economic questions within the confines of an economic model. From this “positive” framework (what is the case) “normative” conclusions (what ought to be the case) can be drawn. Economics is an important tool used in a wide range of disciplines including law, public policy, health, banking, business, forestry, wildlife management, and agriculture. In this course we will study some of the core concepts of modern economics. At the same time, the course will point out some of its limits. Because this is a general introductory class the course will begin with a few fundamental microeconomic principles before moving into macroeconomic concepts. Throughout the course students studies we will seek to apply what they are learning to contemporary issues. At the same time, however, gaining a solid base in micro and macroeconomics requires developing certain analytic tools and often such skills are difficult to relate directly to real world economic problems. Acquiring the tools we introduce in this course will provide a basis upon which one may apply to more advanced economics, business, or other social science courses.
Learning outcomes
On completion of this course, students should be able to:
l Have a better understanding of economics and the modern economy in general.
l Be equipped with new tools that can be applied in one’s field of choice.
l Analyze and interpret contemporary economic policy issues.
Syllabus
l Measuring GDP and Economic Growth
l Monitoring Jobs and Inflation
l Expenditure Multipliers
l Aggregate Supply and Aggregate Demand
l U.S. Inflation, Unemployment, and Business Cycle
l Fiscal Policy
l Money, the Price Level, and Inflation
l Monetary Policy
l Economic Growth
l Finance, Saving, and Investment
l Money and Exchange Rates
Teaching method
Group work, case study, classroom learning, presentation
Assessment
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Form of assessment
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Weighting
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Assignment
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30%
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Presentation
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10%
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Exam
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60%
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Students must achieve a minimum mark 50% in the normal recorders before attending the exam. The exam is an end-of –semester test and it will last approximation 3 hours.
Teacher’s information
Wang Xiaoping
Zhang Jinming
Xiao Lu
Li Jia
Wang Hainan
Textbook
Economics, 8th edition, Parkin
ѧ, Principles of Economics, 3rd edition, N. Gregory Mankiw
Reference Materials