MAPÚA INSTITUTE OF TECHNOLOGY School of Civil, Environmental, and Geological Engineering VISION Mapúa shall be among the best universities in the world. MISSION a.) The Institute shall provide a learning environment in order for its students to acquire the attributes that will make them globally competitive. b.) The Institute shall engage in economically viable research, development and innovation. c.) The Institute shall provide state-of-the-art solutions to problems of industries and communities. PROGRAM EDUCATIONAL OBJECTIVES a i. ii. iii. iv. v. vi. Undertaken, singly or in teams, projects that show ability to solve complex engineering problems; Had substantial involvement in projects that take into consideration safety, health, environmental concerns and the public welfare, partly through adherence to required codes and laws; Demonstrated professional success via promotions and/or positions of increasing responsibility; Demonstrated life-long learning via progress toward completion of an advanced degree, professional development/continuing educational courses, or industrial training courses; Exhibited professional behavior and attitude in engineering practice; and Initiated and implemented actions toward the improvement of engineering practice. MISSION b c √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ COURSE SYLLABUS 1. Course Code: CEM 114 2. Course Title: Macro Economics 3. Pre-requisite: CEM 111 4. Co-requisite: None 5. Credit/Class schedule: 3 units; 4.5 hours per week 6. Course Description: This course covers discussions on basic economics of a nation, its national income analysis, and macroeconomic policies. The course discussion starts with an introduction to macroeconomics, circular flow of economic activity, demand and supply, national income accounting, consumption and savings, investment functions, national income determination, labor and employment, inflation, money and monetary policies, fiscal policy, and international trade practices and policies. Course Title: Macro Economics Date Effective: 1st Qtr SY2018-2019 Date Revised: 2018 Recommended by: Construction Engineering Management Approved by: Dr. Francis Aldrine A. Uy Page 1 of 4 7. Program Outcomes and Relationship to Program Educational Objectives PROGRAM EDUCATIONAL OBJECTIVES PROGRAM OUTCOMES a. Ability to apply knowledge of mathematics, science and engineering b. Ability to design and conduct experiments, as well as to analyze and interpret data c. Ability to design a system, component, or process to meet desired needs within realistic constraints such as economic, environmental, social, political, ethical, health and safety, manufacturability, and sustainability d. Ability to function on multi-disciplinary teams e. Ability to identify, formulate and solve engineering problems f. 1 2 3 Understanding of professional and ethical responsibility 4 5 6 g. Ability to communicate effectively h. Broad education necessary to understand the impact of engineering solutions in the global and societal context i. j. Recognition of the need for, and an ability to engage in life-long learning Knowledge of contemporary issues k. Ability to use the techniques, skills, and modern engineering tools necessary for engineering practice l. Knowledge and understanding of engineering and management principles as a member and leader in a team, to manage projects and in multidisciplinary environments 8. Course Outcomes and Relationship to Program Outcomes: Course Outcomes After completing the course, the student should be able to: 1. Understand the basic economics, its objectives, scope, and tools, circular flow of economic activity, and the law of demand and supply. 2. Analyze the national income by national income accounting through GNP; learn the other economic issues affecting the people such as consumption and savings, investments, labor and employment, and inflation. 3. Discuss the macroeconomic policies such as money and monetary policies, fiscal policy, and international trade practices and policies. Course Title: Macro Economics Date Effective: 1st Qtr SY2018-2019 Program Outcomes a D b c D D D D D D D D D D D Date Revised: 2018 d e f g D Recommended by: Construction Engineering Management h i D D D D j D D D k D l D D D D D D D Approved by: Dr. Francis Aldrine A. Uy Page 2 of 4 9. Course Coverage: WEEK COURSE OUTCOMES TLA Orientation Course objectives and expected output Course policies Mission/Vision/ Core Values of MIT Chapter 1: Introduction to Macro Economics Economic Resources Types of Economic System Chapter 2: The Circular Flow of Economic Activity The Multiplier Effect Inflows and Outflows 1 2 TOPIC Course Outcome 1 Chapter 3: Introduction to Demand and Supply Non Price determinants of demand and supply Market Equilibrium Elasticities of Demand and Supply Chapter 4: National Income Accounting GNP Accounting: Income Approach Other concepts of National Income Accounting Current versus real GNP Chapter 5: Consumption and Savings Chapter 6: The Investment Function Chapter 7: National Income Determination The Consumption Function The Savings Function The MPC and MPS Chapter 8: Labor and Employment Areas of labor problems Classical Theory Keynesian Theory Chapter 9: Inflation Cost push inflation The Phillips Curve The meaning of the index 3 4 5 Course Outcome 2 6 7 8 9 - 10 Course Outcomes 3 11 CO1, CO2, CO3 Chapter 10: Money and Monetary Policies Chapter 11: Fiscal Policy AT Lecture/Discussion Lecture/Discussion Graded Recitation Groupwork Class Work (CW1) Class Produced Reviewer (CPR1) Classroom Exercises Recitation and Discussion Classroom Exercises QUIZ #1 LONG QUIZ 1 (Q1) Lecture/Discussion/ Graded Recitation/ Groupwork Lecture/Discussion Graded Recitation Group Work BB/Online Activity Class Work (CW2) Class Produced Reviewer (CPR2) Classroom Exercises Class Work (CW3) Class Produced Reviewer (CPR3) Lecture/Discussion Graded Recitation Group Work BB/Online Activity LONG QUIZ 3 Final Exam 10. Lifelong-Opportunities: Students can apply the knowledge gained from classroom discussion into actual industry practice and improve on their technical and personal competencies. 11. Contribution of Course to Meeting the Professional Component: Course Title: Macro Economics Date Effective: 1st Qtr SY2018-2019 Date Revised: 2018 Recommended by: Construction Engineering Management Approved by: Dr. Francis Aldrine A. Uy Page 3 of 4 Engineering topics General education component 75 % 25 % 12. Textbook: Introductory Macroeconomics By: Pagoso, Dinio and Villasis Revised Edition 13. Course Evaluation: The minimum requirement for a passing grade is 60% final grade average from the following: CO1 CO2 CO1 CO3 CO3 Min. Ave. for Satisfactory Performance Weight (%) Assessment Tasks CW1 CPR1 3.33 3.33 QUIZ1 CW2 CPR2 QUIZ2 CW3 CPR3 10.0 3.33 3.33 10.0 3.33 3.33 QUIZ3 10.0 10 10 10 10 10 Project/Research 10 6 FE1/FE2/FE3 40 24 TOTAL 100% 60% The final grade of the student will be given as reflected in the table below. Average (%) Final grade Below 60 5.00 60.0 – 64.44 3.00 64.4568.69 2.75 68.973.34 2.50 73.3577.79 2.25 77.8082.24 2.00 82.2586.69 1.75 86.791.14 1.50 91.1595.59 1.25 Above 95.6 1.00 13.1 Aside from academic deficiency, others grounds for a failing grade are: A failing academic standing and failure to take the final exam Grave misconduct other than cheating Excessive absences (in excess of 20% of total class hours) 14. Other Course Policies a. Attendance According to CHED policy, total number of absences by the students should not be more than 20% of the total number of meetings or 9 hours for a three-unit course. Students incurring more than 9 hours of unexcused absences automatically gets a failing grade regardless of class standing. b. Submission of Assessment Tasks Late submissions of Learning Activities will not be accepted. c. Written Examination There will be 3 quizzes covering the intended COs. The final examination will be the summative assessment of the three COs and will have to demonstrate understanding of the course. Short bond papers will be used as answer sheet on all written examinations. d. Course Portfolio Selected assessment tools are to be compiled and collected before the end of the term. The selection is based on statistical data gathering (lowest, median, highest). Learning tasks and examinations with Course Title: Macro Economics Date Effective: 1st Qtr SY2018-2019 Date Revised: 2018 Recommended by: Construction Engineering Management Approved by: Dr. Francis Aldrine A. Uy Page 4 of 4 marks lowest, median, and highest must be photocopied and must be given back to the instructor for course portfolio keeping. e. Language of Instruction Lectures, discussion, and documentation will be in English. Written and spoken work may receive a lower mark if it is, in the opinion of the instructor, deficient in English. f. Honor, Dress and Grooming Codes Students must abide with the Dress and Grooming Codes of the Institute. For this course the Honor Code is that there will be no plagiarizing on written work and no cheating on exams. Proper citation must be given to authors whose works were used in the preparation of any material for this course. If a student is caught cheating on an exam, he or she will be given zero mark for the exam. If a student is caught cheating twice, the student will be referred to the Prefect of Student Affairs and be given a failing grade. g. Consultation Schedule Consultation schedules with the Professor are posted outside the CE-EnSE Faculty room. recommended that the student first set an appointment to confirm the instructor’s availability. It is 15. Course Materials Made Available: 1. Course syllabus 2. Handouts/Lectures 3. Guidelines/Criteria for evaluation in rubrics form Course Title: Macro Economics Date Effective: 1st Qtr SY2018-2019 Date Revised: 2018 Recommended by: Construction Engineering Management Approved by: Dr. Francis Aldrine A. Uy Page 5 of 4