NATIONAL ECONOMICS UNIVERSITY
CENTER FOR ADVANCED EDUCATIONAL PROGRAMS
SOCIALIST REPUBLIC OF VIETNAM
Independence – Freedom – Happiness
SYLLABUS
1. GENERAL INFORMATION
Title: PRINCIPLES OF MACROECONOMICS
Course number: KHMA1102
General Education courses
Units: 3 credits
-
Lecture hours: 24
-
Tutorial hours: 16
Prerequisite: None
2. LECTURER’S INFORMATION
Full name:
Pham The Anh
Title: Associate Professor, PhD
Address:
Building A1, Room 802
Phone number: 0973 960 140
Email:
pham.theanh@neu.edu.vn
Faculty/ Institute: Economics
3. COURSE DESCRIPTIONS
This course introduces the fundamentals of macroeconomic theory and explains their
relevance to everyday economic problems. It examines the behavior of
macroeconomic variables, such as national income, unemployment, inflation, and
exchange rates. The short-run economic fluctuations and the role of monetary and
fiscal policies are also discussed.
At the end of the course, you will be able to understand fundamental macroeconomic
issues in your world. In particular, you may be able to answer questions such as why
some countries have high inflation rates while others have stable prices. How can we
explain fluctuations in national economic activity? What can macroeconomic policies
do against unemployment and inflation?
1
4. LEARNING RESOURCES: COURSE BOOKS, REFERENCE BOOKS, AND
SOFTWARE
Coursebook: N. Gregory Mankiw (2022), Essentials of Economics 10th edition, Cengage
Learning, ISBN 9780357723166.
Reference book: Hall Robert and Lieberman Marc, Economics: Principles and
Applications, Second Edition (2003)
Other resources:
o https://www.mruniversity.com/courses/principles-economicsmacroeconomics
o www.economist.com,
o https://www.nytimes.com/column/paul-krugman;
o https://gregmankiw.blogspot.com/
5. COURSE GOALS
This course aims to lay an understanding of the most essential concepts in
macroeconomics and the functioning of some macroeconomic models. At the end of
the course, students should
- have a basic understanding of the definition and importance of the following
macroeconomic concepts: Gross Domestic Product, Consumer Price Index,
Inflation, Unemployment, the Exchange Rate, and Financial System;
- have an understanding of the role of money, how it is created, and how it can
affect the economy;
- have an understanding of financial system and how it coordinate saving and
investment in the economy.
- be able to construct and use aggregate demand and aggregate supply model to
analyze short-run fluctuations and long-run adjustments of the macroeconomy;
- have an understanding of and be able to use the AD-AS model to analyze the
effects of fiscal policy and monetary policy;
The study of ethics is the study of how to live well and how to live rightly. For most
people, ethical commitments and moral character give life meaning and form the most
significant portion of one’s identity.
This course is designed so that each student can think deeply and systematically about
the primary components of living a good human life and begin a lifelong process of reflection
and self-scrutiny regarding their own life. This course emphasises the core competencies of
written and spoken discourse, self-reflection, argumentation, critical thinking, and creative
problem-solving. Students will sharpen and improve their ability to engage in ethical
reflection and reasoning.
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Course
Program
Learning
Outcomes
Goal Description
Goals
Bloom level
(PLO)
[1]
[2]
[3]
[4]
G1
Demonstrate a basic understanding of
macroeconomic measurements, including GDP,
CPI, unemployment, inflation, exchange rate,
money supply, financial system, basic tools of
finance etc.
2.1, 2.2
II
G2
Demonstrate a basic understanding of how
markets like the loanable fund market, labor
market, and money market work.
2.1, 2.2
III
G3
Utilize some basic macroeconomic models to
analyze the impacts of macroeconomic policies
on the economy in both the short term and the
long term.
2.1, 2.2
III
6. COURSE LEARNING OUTCOMES (CLO)
Course
goals
CLO
Descriptions
Bloom level
[1]
[2]
[3]
[4]
CLO 1.1
Remember important macroeconomic concepts,
principles, and theories.
II
CLO 1.2
Understand the macroeconomic measurements
and use them in economic analyses.
II
CLO 1.3
Understand the determinants of production and
growth and the role of macroeconomic policies
in the long run.
II
CLO 1.4
Understand the financial system and how it
helps savings meet investment in the economy.
II
CLO 1.5
Understand why unemployment exists and how
public policy can help reduce long-run
unemployment.
II
CLO 1.6
Understand the monetary system and the role
of the central bank in controlling the money
supply.
II
CLO 1.7
Understand the relationship between money
and inflation in the long run and the costs of
II
G1
3
inflation.
CLO 1.8
Understand how to compare sums of money
from different points in time, how to manage
risk, and how to determine the value of an asset
such as a share of stock.
II
CLO 1.9
Understand the trade-off between inflation and
unemployment in the short run and the role of
inflation expectations.
II
CLO 2.1
Understand demand and supply forces in the
loanable fund market; be able to utilize the
model to analyze the determinants and the
effects of changes in saving and investment, and
therefore long-term growth.
III
CLO 2.2
Understand the monetary system and the
determinants of money supply and demand; be
able to apply the money market model to
explain the changes in interest rates.
III
CLO 2.3
Be able to construct the aggregate demand and
aggregate supply model and use it to explain
short-run fluctuations of the economy.
III
CLO 3.1
Be able to utilize the loanable fund market to
analyze the effects of government policy
changes on saving, investment, and economic
growth in the long run.
III
CLO 3.2
Be able to analyze the impact of monetary
policy on other economic aggregates like
interest rate, investment, consumption, output,
employment, and prices.
III
CLO 3.3
Be able to analyze the impact of fiscal policy on
other economic aggregates like interest rate,
investment, consumption, output, employment,
and prices.
III
G2
G3
7. COURSE ASSESSMENT
Assessment
methods
Description
Time
CLO
Assessment
indicators
Percentage
(%)
[1]
[2]
[3]
[4]
[5]
[6]
4
Class participation
points will be based
on general class
attendance,
contribution in class,
and compliance with
the class rules
Class
delineated below.
Participation
Poor class attendance,
little contribution in
class, or noncompliance with class
rules will result in a
poor class
participation grade.
Attendance
points
&
Week 115
CLO 1.1
CLO 1.2
Midterm
Tests
02 midterm tests in
form of multiple
choice questions are
given in class. Each
one accounts for 20%
of the total grade.
CLO 1.3
Week 9
and 14
CLO 1.4
CLO 1.5
CLO 1.6
CLO 1.7
CLO 1.8
CLO 1.9
Final Exam
The final exam of 90
minutes. Students
have permission to
take the final exam
when they attend
more than 80% of the
total classes and get
the class participation
of at least 5
University
schedule
10%
Times of
answers and
questions in
class.
CLO 1.11.9
CLO 2.12.3
CLO 3.13.3
Multiple
choice
questions on
remembering,
understanding
the main
concepts, and
applying them
in reality
40%
Multiple
choice and
short answer
questions on
understanding
basic concepts
and applying
them in
reality
50%
8. LESSON PLAN
(Any changes on the schedule WILL BE announced in class and on TURNITIN in
advance)
8.1. Lecture hours
Class
Topics
CLO
Learning and teaching activities
5
Assessmen
t methods
[1]
Week 1
[2]
Introduction to
the Course
Introduction to
Macroeconomics
[3]
[4]
[5]
Read carefully the syllabus
provided
CLO 1.1
Chapter 1 & 2 in Mankiw
Homework 1: Problems and
Applications at the end of Chapters
1 & 2 in Mankiw
Questions &
discussion
C15 in Mankiw.
Chapter 1
Week 2
Week 3
Measuring a
nation’s income
CLO 1.2
Chapter 2
CLO 1.2
Measuring the
cost of living
CLO 1.3
Homework 2: Problems and
Applications at the end of Chapter
Questions &
15 in Mankiw.
discussion
Watch a video about GDP at
https://www.mruniversity.com/co
urses/principles-economicsmacroeconomics
Chapter 16 in Mankiw
Homework 3: Problems and Questions &
Applications at the end of Chapter discussion
16 in Mankiw.
Chapter 17 in Mankiw
CLO 1.4
Week 4
Chapter 3
CLO 2.1
Production and
Growth
CLO 3.1
Homework 4: Problems and
Applications at the end of Chapter
17 in Mankiw.
Watch a video about
The Wealth of Nations and
Economic Growth at
https://www.mruniversity.com/
courses/principles-economicsmacroeconomics
Questions &
discussion
Chapter 18 in Mankiw
Week 5
Chapter 4
CLO 1.4
Saving,
Investment, and
the Financial
System
CLO 2.1
CLO 3.1
CLO 1.5
Homework 5: Problems and
Applications at the end of Chapter
Questions &
18 in Mankiw.
discussion
Watch a video about Savings,
Investment, and the Financial
System at
https://www.mruniversity.com/co
6
urses/principles-economicsmacroeconomics
Chapter 19 in Mankiw
CLO 1.8
Week 6
Chapter 5
CLO 2.1
The Basic Tools of
Finance
CLO 3.1
CLO 1.5
Homework 6: Problems and
Applications at the end of Chapter
19 in Mankiw.
Watch a video about Personal
Finance at
https://www.mruniversity.com/co
urses/principles-economicsmacroeconomics
Questions &
discussion
Chapter 20 in Mankiw
CLO 1.4
Week 7
Week 8
Chapter 6
CLO 1.5
Unemployment
Homework 7: Problems and
Applications at the end of Chapter
20 in Mankiw.
Watch a video about
Unemployment and Labor Force
Participation at
https://www.mruniversity.com/co
urses/principles-economicsmacroeconomics
Review
Questions &
discussion
Questions &
discussion
Midterm Test 1
Chapter 21 in Mankiw
Chapter 7
Week 9
The monetary
system
Homework 8: Problems and
Applications at the end of Chapter
21 in Mankiw.
CLO 1.6
CLO 2.2
Chapter 8
Week
10
Money Growth
and Inflation
Watch a video about Monetary
Policy and the Federal Reserve and
Inflation and Quantity Theory of
Money at
https://www.mruniversity.com/co
urses/principles-economicsmacroeconomics
Questions &
discussion
Chapter 22 in Mankiw
CLO 1.6
CLO 2.2
Homework 9: Problems and Questions &
Applications at the end of Chapter discussion
22 in Mankiw.
7
Watch a video about Monetary
Policy and the Federal Reserve and
Inflation and Quantity Theory of
Money at
https://www.mruniversity.com/co
urses/principles-economicsmacroeconomics
Chapter 23 in Mankiw
Homework 10: Problems and
Applications at the end of Chapter
23 in Mankiw
Chapter 9
Week
11-12
Week
13-14
Week
15
Aggregate
Demand and
Aggregate Supply
CLO 2.4
Questions &
Watch a video about Business discussion
Fluctuations
at
https://www.mruniversity.com/co
urses/principles-economicsmacroeconomics
Chapter 10
Chapter 24 in Mankiw
The influence of
macroeconomic
policy on
Aggregate
Demand
Homework 11: Problems and
Applications at the end of Chapter
24 in Mankiw
CLO 3.2
CLO 3.3
Questions &
Watch a video about Monetary
discussion
Policy and Fiscal Policy at
https://www.mruniversity.com/co
urses/principles-economicsmacroeconomics
Review
Questions &
discussion
Midterm Test 2
8.2. Tutorial hours
Class
Topics
CLO
Learning and teaching
activities
Assessment
methods
[1]
[2]
[3]
[4]
[5]
Week 1
Introduction
CLO 1.1
Questions for review,
problems and applications
Week 2
Chapter 1
CLO 1.2
Chapter 2
CLO 1.3
Questions for review,
problems and applications
Chapter 3
CLO 1.4
Week 3
Questions for review,
problems and applications
8
Questions and
discussion
Week 4
Week 5
Chapter 4
CLO 1.5
Chapter 5
CLO 1.8
Chapter 6
CLO 2.1
CLO 3.1
Questions for review,
problems and applications
Questions for review,
problems and applications
Week 6
Questions for review,
problems and applications
Week 7
Questions for review,
problems and applications
Week 8
Review
1st Midterm Test
Week 9
Chapter 7
Week
10
Chapter 8
Week
11-12
Chapter 9
Week
13-14
Chapter 10
Week
15
CLO 1.6
CLO 1.7
CLO 2.2
CLO 1.9
CLO 2.3
Review
CLO 3.2
CLO 3.3
2nd Midterm Test
Questions for review,
problems and applications
Questions for review,
problems and applications
Questions for review,
problems and applications
Questions for review,
problems and applications
Questions for review,
problems and applications
9. COURSE REQUIREMENTS & EXPECTATIONS
Midterm Test/Assignment and Exam
There are 02 midterm tests in form of multiple choice questions and 01 final exam. Each
midterm test accounts for 20% of the total grade and one final exam of 90 minutes accounts
for 50% of the total grade. Students have permission to take the final exam when they attend
at least 80% of the total classes and get a participation class grade of no less than 5. Make-up
exams will not be offered. The following rules apply to exams:
1. Make a notation of the exam dates.
2. The final Exam is a closed-book exam. No technology will be allowed during the exam.
You must turn off all cell phones or any other personal technology.
3. If you do not bring an ID to the exam, you will receive a 0 for the exam.
4. No food or drinks will be allowed during an exam.
5. When time is called, stop writing.
6. Please make sure you do not engage in any behavior that may appear to be cheating.
Class Participation
Class participation points will be based on general class attendance, contribution in class,
homework submission through Turnitin, and compliance with the class rules delineated
9
below. Poor class attendance, little contribution in class, or non-compliance with class rules
will result in a poor class participation grade.
Below are the class rules:
1. Arrive on time and be seated and ready to begin when the class begins. If you do arrive
late, you will not be counted for that class. Note that this class is intended for
registered students only.
2. Come prepared – read the readings assigned.
3. Turn off cell phones during classes.
4. Do not engage in individual discussions
5. No food in class time
6. Participate by contributing comments and questions during the discussions. The
instructor will call on students during the class if participants do not volunteer.
7. Please use common courtesy and polite manners in class.
8. I have no tolerance for acts of academic dishonesty.
Communication:
Studies show that students who engage in one-on-one discussions with the instructor about
the course receive better grades. I, therefore, encourage your discussion with me. You can
communicate during office hours, by email, or in class discussions. You also are welcome to
make separate appointments. I will be available before and after class, but only for short
questions. I also encourage feedback on the classes, lectures, teaching, and reading material.
We enhance the class every semester and your thoughts are valuable in the process.
Intellectual Property:
All materials presented in class lectures including PowerPoint presentations and those
materials given are the intellectual property of the instructor unless otherwise copyrighted.
Any reproduction or publication of this material without prior written permission is strictly
forbidden.
10. DATED: ……………………..
FACULTY
CENTER FOR ADVANCED
EDUCATIONAL PROGRAMS
10
LECTURER