COURSE SYLLABUS
Course Title
Coordinator
Course Code
Credit
Semester
Prerequisite Course
Course Description
: Macroeconomic Theory II
: Prof. Dr. Hermanto Siregar
: EKO 222
: 3(3-0)
: Even/4
: EKO 203
: This course is designed to provide knowledge for the students on the performance of open
macroeconomics with its all implications in achieving internal and external equilibriums particularly in
developing countries.
: After completing this course, students are expected to be able to explain the performance of open
macroeconomics with its all implications in achieving internal and external equilibriums particularly in
developing countries.
Learning Outcome
Sessio Learning Outcome
n
(Basic Competency)
1
Students can explain the openness and
performance of
macroeconomics
2-4
Students can explain
open
macroeconomics –
Concepts, Issues, and
Institutions
-
Teaching Material
Introduction
Scopes of
Macroeconomics II
The openness and
performance of
macroeconomics
Introduction
Balance of Payment
Concept
Exchange Rates Concept
Purchasing Power
Assessment
Learning
Indicator
Method
Explain the scope
Lecture and
of macroeconomics discussion
II, the openness
and performance of
macroeconomics
Assessmen
Time
t Criteria
Written
Lecture:
test
3 x 60
minutes
Explain the
concepts in open
macroeconomics,
the concepts of
issues and
Written
test
Lecture and
discussion
Lecture:
3 x 60
minutes
Lecturer
Reference
Macroecon
omic
Theories II
Lecturer
Team
1
(Chapter
1)
Macroecon
omic
Theories II
Lecturer
Team
1
(Chapter
2)
Sessio Learning Outcome
n
(Basic Competency)
Teaching Material
-
-
5-6
Students can explain open macroeconomic models
-
Parity Concept
Terms of Trade Concept
Issues and problems of
Demand Shocks
Issues and problems of
Inflation Shocks
Issues and problems of
Term of Trade Shocks
Issues and problems of
The Debt Crisis Shocks
Issues and problems of
Demand Shocks
Issues and problems of
The Dutch Disease
Issues and problems of
Capital Flow and
Macroeconomic
Instability
Issues and problems of
Currency Substitution
and Capital Flight
Policy goals and
instrument
Institutional
development
Introduction
Policy issues and
Tinbergen Rule
Absorption and Balance
Assessment
Indicator
institutions.
Explain open
macroeconomic
models.
Learning
Method
Lecture and
discussion
Assessmen
t Criteria
Written
test
Time
Lecture:
3 x 60
minutes
Lecturer
Reference
Macroecon
omic
Theories II
Lecturer
1
(Chapter
3)
Sessio Learning Outcome
n
(Basic Competency)
7
Teaching Material
of Payment
- Monetary Approach and
Balance of Payment
- Mundell-Fleming model
- Mundell-Fleming model
with wages and price
adjustment
- Tradable Sector and Nontradable Sector Models
Students can explain - Introduction of foreign
foreign capital
aid flows
investment and
- Foreign private capital
economic growth
flows
- Issues with and
management of large
capital flows
8
Students can explain
debt crisis and
capital flight
- Introduction
- Debt crisis in the 1980s
- Capital flight
9
Students can explain
budget deficit,
Inflation and Balance
of Payment
10
Students can explain
- Introduction
- Macroeconomic
consequences of budget
deficit
- Political Economy of
budget deficits
- Introduction
Assessment
Indicator
Learning
Method
Assessmen
t Criteria
Time
Lecturer
Reference
Team
Explain the causes
of foreign capital
needs and their
effects on the
economy.
Lecture and
discussion
Written
test
Lecture:
3 x 60
minutes
Macroecon
omic
Theories II
Lecturer
Team
1
(Chapter
4)
MID-TEST/UTS (50%)
Explain the causes
Lecture and
of debt crisis and
discussion
capital flight.
Written
test
Lecture:
3 x 60
minutes
1
(Chapter
5)
Explain
the Lecture and
economic
and discussion
political
consequences
of
budget deficit.
Written
test
Lecture:
3 x 60
minutes
Macroecon
omic
Theories II
Lecturer
Team
Macroecon
omic
Theories II
Lecturer
Team
Explain
Written
Lecture:
Macroecon
1
and Lecture and
1
(Chapter
6)
Sessio Learning Outcome
Teaching Material
n
(Basic Competency)
money growth,
- Inflation: Monetary
inflation and
Phenomenon
monetary policy
- Money development as a
source of Government
Revenue
- Inflationary financing in
developing countries
11
Students can explain - Monetary models of
money growth,
inflation under the fixed
inflation and
and floating exchange
monetary policy:
rate systems
advanced level
- Monetary policy as
stabilization tool
12-13
14
Assessment
Learning
Indicator
Method
develop model that discussion
connects
money
growth, inflation,
and
monetary
policy.
Explain
and
develop model that
connects
money
growth, inflation,
and
monetary
policy:
advanced
level.
Students can explain - Introduction
Explain
the
exchange rate
- Exchange rate as the price exchange
rate
policies
signal of the approaches
policies and their
on exchange rate policies consequences on
- Political economy of
the economy.
inflation
- Maintaining competition
Students can explain
the political economy
in Macroeconomic
Management: The
Needs for
Institutional Changes
- Introduction
- Institutions and
organizations
- Sources of Government’s
failure
- The needs for
Institutional Changes
Assessmen
Time
t Criteria
test
3 x 60
minutes
Lecturer
Reference
omic
Theories II
Lecturer
Team
(Chapter
7)
Lecture and
discussion
Written
test
Lecture:
3 x 60
minutes
Macroecon
omic
Theories II
Lecturer
Team
1
(Chapter
7)
Lecture and
discussion
Written
test
Lecture:
3 x 60
minutes
Macroecon
omic
Theories II
Lecturer
Team
1
(Chapter
8)
Explain the role of Lecture and
institutions
in discussion
macroeconomic
management.
Written
test
Lecture:
3 x 60
minutes
Macroecon
omic
Theories II
Lecturer
Team
1
(Chapter
9)
Sessio Learning Outcome
n
(Basic Competency)
Teaching Material
Assessment
Indicator
Learning
Method
Assessmen
t Criteria
Time
Lecturer
FINAL TEST/UAS (50%)
LITERATURE REFERENCE
1. Akhtar Hossain dan Anis Chowdhury. 1998. Open-Economy Macroeconomics for Developing Countries, Edwar Elgar Publishing
Limited. Cheltenham, UK.
Lecturer Team : Prof. Dr. hermanto Siregar, Prof. Dr. Rina Oktaviani, Dr. Yeti Lis Purnamadewi, Prof. Noer Azam Achsani
ASSESSMENT FORMAT
: Mid-test (UTS)
Final test (UAS)
: 50 %
: 50 %
Reference