SCHOOL OF BUSINESS AND ECONOMICS

Department of Economics
Course Name:
Introduction to Macroeconomics
Course Code
& Section No: ECO 104, Section 06
Semester: Spring 2022

INSTRUCTOR AND DEPARTMENT INFORMATION

1. Instructor Name: Nazneen Imam
2. Office Room NAC 822
3. Office Hours: MW: 01:30 pm – 04:30 pm
RA : 11:30 am – 12:30 pm
4. Office Phone: +880255668200 ext.1808
5. Email Address: [email protected]

When emailing me, at the end of the message, include your full name and student ID#.
The subject must always read: “ECO 104” and a brief description of the topic(s) to be
discussed in the main body such as “appointment”, “missed class” etc.
6. Department: Economics

COURSE INFORMATION
Class Time & Section 06: RA 01:00 am –02:30 pm, Room number: NAC 991
Location
Course Prerequisite(s) None

Course Credit Hours 3.0

Course Description The course introduces the principles of macroeconomic analysis, its analytical methods
with current institutional and empirical issues. It familiarizes students with basic
macroeconomic concepts such as prices and unemployment, nominal and real GDP,
aggregate demand and aggregate supply. The course covers topics such asClassical
Macroeconomics and the Self-Regulating Economy; Keynesian Macroeconomics and
Economic Instability; Fiscal Policy and the Federal Budget;Money, Banking and the
Financial System; Money and the Economy; and monetary policy. It also provides
introductory accounts of economic growth and international trade.

Course Objectives The objectives of this course are to introduce key macroeconomic concepts to students
and equip them with useful analytical tools so that they learn how to think about broad
economic problems.
Student Learning By successfully completing this course, students should be able to:

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 Outcomes
1. Compute and explain the basics of the major macroeconomic measures such as GDP,
real GDP, unemployment and inflation.
2. Apply both aggregate demand/supply and aggregate expenditure analyses to
determine aggregate output.
3. Understand the basic mechanisms of and key differences between the framework of
self-regulating economy and the framework that argues in favor of government
intervention.
4. Evaluate the role of fiscal and monetary policy in bringing about changes to aggregate
output and price level.
5. Explain the key factors that lead to economic growth and how these factors affect
growth.

TEXT BOOK (S)

Required Text:
 Arnold, Roger A. 2019. Macroeconomics. 13th Edition. Cengage Learning.[A]

Supplementary Texts:
 Dornbusch, R., Fischer, S.&Startz, R. 2011.Macroeconomics.11th Edition. McGraw-Hill. [DFS]
 Mankiw, N. G. 2017. Principles of Macroeconomics, 8thEdition, Cengage Learning.[M]

TEACHING STRATEGY
For each topic, I will prepare lecture slides that students canaccess throughGoogle Classroom.During lectures, I
will use these slides to explain the topics in as much detail as possible. I will often present additional materials
that will not be in the lecture slides and therefore, students are expected to take notes to supplement the lecture
slides. Students are encouraged to ask questions and participate actively in class.The tentativelecture plan is
given below:

Lecture Topic Relevant

No. Chapters

1 Introduction & General Discussion -

2 What Economics is about A: 1

3 Cont… What Economics is about + Supply and Demand: Theory A:1 + 3

4 Cont… Supply and Demand: Theory A:3

5 Macroeconomic Measurements, Part II: GDP and Real GDP A:7

6 Cont…Macroeconomic Measurements, Part II: GDP and Real GDP A:7

7 Macroeconomic Measurements, Part I: Prices and Unemployment A:6

8 Cont… Prices and Unemployment A:6

9 Aggregate Demand and Aggregate Supply A:8

10 Cont… Aggregate Demand and Aggregate Supply A:8

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11 Classical Macroeconomics and the Self-Regulating Economy A:9

12 Cont… Classical Macroeconomics and the Self-Regulating Economy A:9

13 Keynesian Macroeconomics and Economic Instability A:10

14 Midterm Exam

15 Income and Spending DFS: 9

16 Cont… Income and Spending DFS: 9

17 Fiscal Policy and the Government Budget 11

18 Cont… Fiscal Policy and the Government Budget 11

19 Money, Banking and the Financial System 12

20 Money, Banking and the Financial System + Central Banking 12+13

21 Money and the Economy 14

22 Money and the Economy + Monetary Policy 14 + 15

23 Monetary Policy 15

24 Economic Growth 17

Final Exam Syllabus: Chs. 10, 11, 12, 13, 14, 15, 17

Note: The instructor reserves the right to make changes to the course outline as well as the syllabus if necessary.

EXAM SYLLABUSES (Subject to Change)

Quiz 1: Will discuss in the class

Midterm Exam: Chs. A: 1, 3, 6, 7, 8, 9,10
Quiz 2: Will discuss in the class
Quiz 3: Will discuss in the class
Final Exam: Chs. A: 10, 11, 12, 13, 14, 15, 17, DFS: 9

EVALUATION CRITERIA (Subject to Change)

The weights on each component of the overall course grade are as follows:
ASSESSMENT STRATEGY AND GRADING SCHEME

Grading tool % contributing towards the final score

Attendance 5%
Assignment 10%
Quiz 15%
Midterm Exam 30%
Final Exam 40%
Total 100%
GRADING POLICY
Grades will be assigned according to NSU grading policy.However, grading will also depend on the
performance of the whole class.

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 ATTENDANCE POLICY
5% of the final score has been assigned to attendance. This is to give the students an additional incentive to
attend classes since attending lectures is of paramount importance if one wants to do well in this course. Just by
attending all classes, a student can obtain these points. No point will be deducted if a student misses only one
class. After that, for each class one misses, 0.5 point (that is 0.5% of the final score) will be deducted. For
example, if a student misses 3 classes, s/he will receive 4/5 for attendance; if a student misses 4 classes, s/he will
receive 3.5/5 for attendance and so on.

POLICY ABOUT MAKE-UP EXAMS

There will be no make-up CW/HW/Assignment or Quizzes. Make-up Midtermexamination may be arranged
only in cases of documented illness or extreme personal emergencies. Students with such cases will be allowed
to writea make-up Midterm in the form of a comprehensive Final exam, i.e.,the syllabus of the comprehensive
Finalexam will be cumulative of the Midterm and the Final examsand the Comprehensive Final Exam will carry
a weight of 70%.

ACADEMIC INTEGRITY POLICY

School of Business does not tolerate academic dishonesty by its students. At a minimum, students must not be
involved in cheating, copyright infringement, submitting the same work in multiple courses, significant
collaboration with other individuals outside of sanctioned group activities, and fabrications.Students are
advised that violations of the Student Integrity Code will be treated seriously, with special attention given to
repeated offences. For details, refer to NSU Student CODE OF CONDUCT at: www.northsouth.edu/student-
code-of-conduct.html

APPROPRIATE USE POLICY

All members of the North South University community must use electronic communications in a responsible
manner. The University may restrict the use of its computers and network systems for electronic
communications subject to violations of university policies/codes or local laws or national laws. Also, the
university reserves the right to limit access to its networks through university-owned or other computers, and to
remove or limit access to material posted on university-owned computers.

Note that anything or everything on this course outline can be modified and updated
depending on the Covid-19 situation and the directions from the NSU authority and/or the
University Grants Commission of Bangladesh (UGC).

Wish you all the best. Let’s hope to have a wonderful semester!!!

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