Macroeconomics
I. Course Description
This syllabus is developed according to the teaching guidelines of sports economics and
management by Ministry of Education, and the specific requirements of the curriculum of sports
economic and management of this college, combined with the current characteristics of development of
sports industry in Jiangsu Province and nationwide, and from the perspective of students’ vision and
multidimensional view to analyze problems.
The emphasis of this program is to link economic phenomena in practice, lay particular stress on
economic phenomena in sports industry, and train students' ability to analyze problems by using
economic principles.
This course is a required course for students majoring in sports economics and management. It will
be offered in the third semester of the second academic year with a total of 48 credit hours, 3 credits.
II. Objectives and tasks of the course
Through face-to-face teaching, answering questions, homework, discussion and other teaching
methods and means, students master the basic theoretical knowledge of economics and general analysis
methods, comprehensively and systematically understand the basic content and basic theory of
macroeconomics, and learn to combine practical analysis and application, to broaden their thinking for
future work analysis and problem solving.
III. Content
Chapter 1 Introduction and national income accounting
Section 1 Introduction
Section 2 national income accounting
Section 4 GDP correction
Chapter 2 Simple national income decision theory
Section 1 Equilibrium output
Section 2 Consumption theory of Keynes
Section 3 Other theories on the consumption function
Section 4 Determination of national income in the economy of two, three and
four sectors
Section 5 Multiplier
Chapter 3 General equilibrium model of product market and money market:IS-LM
model
Section 1 Decision on investment
Section 2 Product market equilibrium: IS curve
Section 3 Decision on the equilibrium interest rate
Section 4 Equilibrium of money market: LM curve
Section 5 Analysis of IS-LM model: equilibrium and change
Chapter 4 Analysis of macroeconomic policy
Section 1 Fiscal and monetary policies
Section 2 IS-LM analysis of fiscal policy effect
Section 3 IS-LM analysis of monetary policy effect
Section 4 A mixture of the two policies
Chapter 5 Macroeconomic policy practice
Section 1 Macroeconomic policy objectives and their theoretical basis
Section 2 Fiscal policy
Section 3 Monetary policy: monetary policy instruments;
Section 4 Capital securities market
Chapter 6 Aggregate demand and aggregate supply model: AD-AS model
Section 1 Aggregate demand curve
Section 2 Aggregate supply curve
Section 3 Macroeconomic equilibrium: analysis of AD-AS model
Chapter 7 Unemployment and inflation
Section 1 Overview of unemployment
Section 2 Overview of inflation
Section 3 The relationship between unemployment and inflation
Section 4 Policies for the control of unemployment and inflation
Chapter 8 Economic cycle and economic growth theory
Section 1 Introduction to economic cycle theory
Section 2 Economic growth
IV. Course Content and Allocation
Content
Hours
Chapter 1 Introduction and national income
accounting
6
Chapter 2 Simple national income decision
theory
6
Chapter 3 IS－LM Model
10
Chapter 4 Analysis of macroeconomic policy 6
Theories
Chapter 5 Macroeconomic policy practice
4
Chapter 6 AD－AS Model
6
Chapter 7 Unemployment and inflation
6
Chapter 8 Economic cycle and economic
growth theory
4
V. Assessment
1. Students' course scores are mainly composed of daily assessment scores and final exam
scores, with daily scores accounting for 30% and final exam scores accounting for 70%.
2. Daily Assessment: students are assessed according to their classroom performance and
homework completion.
3. Final exam: closed book exam.
VI. Textbooks and Reference
1. Textbook：GAO, Hongye. Macroeconomics.China Renmin University Press；
2. References：
Mankiw. Principles of Economics. Peking University Press；
Stiglitz. Economics. China Renmin University Press；
LIANG, Xiaoming. What is Economics. China Renmin University Press；
CAO, Jiahe. Macroeconomics.China Renmin University Press.
LIU, Houjun. Principles of Modern Western Economics. Nanjing University Press