Course name: ECO101 B Principles of Macroeconomics Instructor: VU, TUAN KHAI
COURSE DESCRIPTION
Fundamentals of macroeconomic theory: the basic concepts of national income, determination of aggregate production and employment, and the effects of monetary and fiscal policy. Prerequisite to advanced course in economics.
COURSE LEARNING GOALS
The goals of the course are (i) to understand the basic concepts in macroeconomics such as GDP, inflation, unemployment, money etc; (ii) to understand and be familiar with the way macroeconomists analyze the economy; (iii) to understand how the economy works in both closed and open context; (iv) to understand the role monetary and fiscal policy.
CONTENTS
The course covers the following topics.
Section 1: Basic Concepts and the Economy in the Long Run Topic 1: Introduction: the science of macroeconomics Topic 2: Macroeconomic data
Topic 3: National income Topic 4: Unemployment Topic 5: Money and inflation Topic 6: The open economy Topics 7: Economic growth
Section 2: The Economy in the Short Run
Topic 8: Introduction to economic fluctuations Topics 9: Aggregate demand: the IS-LM model
Topic 10: Open economy macroeconomics: the Mundell-Fleming model Topic 11: Aggregate supply
Topic 12: Dynamic macroeconomic models Topic 13: Stabilization policy
Section 3: Microeconomic Foundations of Macroeconomics (if time permits) Topic 14: Consumption theory
Topic 15: Government debt
EVALUATION AND GRADING POLICY
Midterm exam: 35%
Final exam (comprehensive): 50% In-class quizzes and homework: 15%
TEXTBOOK
Mankiw, N. Gregory. "Macroeconomics" 7th edtion (International edition) (Worth Publishers, 2010). More information on the book can be found here:
http://www.amazon.co.jp/Macroeconomics-International-N-Gregory-Mankiw/dp/1429238127.
ADDITIONAL INFORMATION
Lecture notes and other materials of the course will be available from the instructor's personal website: https://sites.google.com/site/vutuankhai/mainpage/icu_macro.
MORE ABOUT THE INSTRUCTOR
Affiliation: Faculty of Economics, Seikei University
Languages: Vietnamese (native), Japanese (fluent), English (fluent) E-mail: [email protected]
