NATIONAL ECONOMICS UNIVERSITY SOCIALIST REPUBLIC OF VIETNAM
CENTER FOR ADVANCED EDUCATIONAL PROGRAMS Independence – Freedom – Happiness
SYLLABUS
1. GENERAL INFORMATION
Title: MACROECONOMICS I
Course number:
General Education courses
Units: 3 credits
- Theoretical hours: 30
- Practical hours: 15
Prerequisite: Any GE Foundation course.
2. LECTURER’S INFORMATION
Full name: Nguyễn Việt Hưng Title: PhD
Address: Building A1 , Room: 805 Phone number: 0913.326.631
Email: [email protected]
Faculty/ Institute: Faculty of Economics
3. COURSE DESCRIPTIONS
The purpose of this course is to familiarize the student with the generally accepted principles of
macroeconomics. Macroeconomics is concerned with such things as, economic growth,
unemployment, inflation, and the business cycle. Though ultimately based on the actions of
individual households and business firms (microeconomics), macroeconomics deals with
aggregates--i.e., consumers as a whole, producers as a whole, exporters and importers as a whole,
fiscal policy --the effects of government spending and taxation, and the monetary policy of the
central bank.
The course is subdivided into several major areas as follows:
(1) national income accounting;
(2) economic growth;
(3) inflation;
(4) unemployment;
(5) money and banking;
(7) the business cycle;
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(8) national income determination with the effects of fiscal and monetary policy included;
(9) international trade and the exchange rate;
4. LEARNING RESOURCES : COURSE BOOKS, REFERENCE BOOKS, AND
SOFTWARES
- Course book:
Gregory Mankiw, (2018), Principles of Macroeconomics, 8th dition, Cengage Learning Publisher,
ISBN 9781305971509.
Parkin Michael. , (2022), Macroeconomics, 14th edition, Chapter 25, Pearson Publisher.
5. COURSE GOALS
Master macroeconomic theory related to three broad areas: Comparative Advantage,
Macroeconomic Measures, and Macroeconomic Models. Specific Learning Objectives include:
Comparative Advantage (specialization and the gains from trade; globalization); Macroeconomic
Measures (real versus nominal calculations; components and concept of GDP; components and
concept of unemployment figures; calculation of inflation); Macroeconomic Models (circular flow;
monetary and fiscal policy; the market for loanable funds & interest rate determination; the demand
and supply of money & price level determination)
Program
Course Learning
Goal Description Bloom level
Goals Outcomes
(PLO)
[1] [2] [3] [4]
Critical thinking – apply economic analysis to
G1 1.3.1; 1.3.3 I, II
specific policy proposals and everyday problems
Quantitative reasoning – understand how to use
G2 empirical evidence along with the economic 1.3.1; 1.3.3 III
models to evaluate economic arguments
Communication skills – Present an economic
G3 argument orally and by means of graphs, figures 1.3.1; 1.3.3 IV
and charts
Learning in Practice – Understand and evaluate
G4 1.3.1; 1.3.3 VI
current economic events and new economic ideas
6. COURSE LEARNING OUTCOMES (CLO)
Upon successful completion of this course, you will be able to:
discuss key macroeconomic concerns, including national income accounting, saving and
investment, and market forces;
describe the determinants of total output and the ways to measure nominal Gross Domestic
Product (GDP) as well as real GDP;
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describe and differentiate among full employment and unemployment, the three forms of
unemployment, and the two forms of inflation;
explain different ways of computing the general movement in prices;
describe the relationship between inflation and unemployment;
explain the model of aggregate demand and aggregate supply;
analyze a government's roles in the economy;
evaluate how a government uses its fiscal policy and monetary policy to influence key
variables in order to achieve economic growth, price stability, full employment, and other
goals;
describe the mechanics of money supply in detail:
o identify different types of money;
o articulate the roles of individual banks and the entire banking system in creating
money;
o explain the money multiplier the process of interest rate determination;
o discuss the role of the Federal Reserve System and its tools of monetary policy; and
evaluate the net gains arising from international trade.
Throughout this course, you'll also see related learning outcomes identified in each unit. You can
use the learning outcomes to help organize your learning and gauge your progress.
Course
CLO Descriptions Bloom level
goals
[1] [2] [3] [4]
Remember important economic concepts,
CLO 1.1 I
principles, and theories.
Understand the differences between economic
G1 CLO 1.2 II
concepts, principles, and theories.
Analyze practical circumstances by using different
CLO 1.3 III
economic concepts, principles, and theories.
Understand steps to do an economic analysis using
CLO 2.1 II
data
G2 Know how to use several softwares such as Excel
CLO 2.2 or Stata to undertake a quantitative economic III
analysis
Know a structure and the writing style of an
CLO 3.1 II
economic report
G3 Know how to use several softwares such as Excel
CLO 3.2 to graphically describe economic characteristics II
and patterns
3
CLO 3.3 Present an economic argument orally III
CLO 4.1 Know contemporary economic issues II
G4 Understand causes of these economic issues and
CLO 4.2 IV
how economic policies are used to solve these
7. COURSE ASSESSMENT
Assessment Assessment Percentage
Description Time CLO
methods indicators (%)
[1] [2] [3] [4] [5] [6]
Class participation points
will be based on general
class attendance, Attendance
contribution in class and points
CLO 1.1
compliance with the class &
Class CLO 1.2
rules delineated below. Poor Week 12 Times of 10%
Participation CLO 1.3
class attendance, little answers and
contribution in class or non- CLO 3.3
questions in
compliance with class rules class.
will result in a poor class
participation grade.
A mid-term exam of 90 CLO 1.1 Individual
Mid-term
minutes in form of paper Week 8 CLO 1.2 paper test in 20%
exam
test. CLO 1.3 class
CLO 1.1
Class is grouped into several CLO 1.2
groups; each group has 3 to CLO 1.3
5 members. Groups are CLO 2.1
expected to write an Group
Group Week CLO 2.2
economic report and give a presentation 20%
Project 13,14 CLO 3.1
presentation. The report and report
needs to be submitted CLO 3.2
through Turnitin 2 days CLO 3.3
before the presentation. CLO 4.1
CLO 4.2
Final Exam Final exam of 90 minutes. University CLO 1.1 Questions 50%
Students have permission to schedule CLO 1.2 on theories,
take the final exam when CLO 4.1 doing
they attend more than 80% exercise and
CLO 4.2
of the total classes and hand analysis.
in both individual and group
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assignments on time.
8. LESSON PLAN
(Any changes on the schedule WILL BE announced in class and on TURNITIN in advance)
8.1. Theoretical hours
Learning and teaching Assessment
Class Topics CLO
activities methods
[1] [2] [3] [4] [5]
Textbook, chapter 1 & 2 & 10;
Introduction to CLO 1.1 History of macroeconomics
Macroeconomics and CLO 1.2 Key principles of economics Questions &
Week 1
Measuring a Nation’s CLO 1.3 Questions in macroeconomics discussion
Income Definition of GDP
CLO 1.1
Textbook, chapter 10
CLO 1.2 Do calculation of GDP Questions
Measuring a nation’s
Week 2 CLO 1.3 Case study of Measuring and
income (cont’) and
CLO 3.2 Macroeconomic Well-being discussion
CLO 3.3
CLO 1.1
Textbook, chapter 11
CLO 1.2 Do calculation of CPI and
Measuring the cost of
Week 3 CLO 1.3 inflation rate
living
CLO 3.2 Case study of history of
hyperinflation in the world
CLO 3.3
Textbook, chapter 15
CLO 1.1 Definition and classification of
unemployment
CLO 1.2 Questions
Unemployment Some main causes of
Week 4 CLO 1.3 and
unemployment
CLO 3.2 Policies to reduce discussion
CLO 3.3 unemployment
CLO 1.1 Textbook, chapter 12
CLO 1.2 Determinants of productivity of Questions
Week 5 Production and growth CLO 1.3 one nation and
CLO 3.2 Policies to encourage the discussion
CLO 3.3 productivity of one nation
5
Textbook, Chapter 13 & 14
CLO 1.1 Introduction of the structure of
Discussion
CLO 1.2 financial system
and
Week 6 Financial system CLO 1.3 Formula to estimate the price of
Questions
CLO 3.2 one financial instrument
CLO 3.3 Understand the relationship
between risk and return
Textbook, chapter 16
CLO 1.1 Different measurement of
Discussion
CLO 1.2 money supply
and
Week 7 The monetary system CLO 1.3 Learn how money is created
Questions
CLO 3.2 Tools that Central bank can use
CLO 3.3 to change money supply
CLO 1.1
Revision and Mid-term CLO 1.2
Week 8
exam CLO 1.3
CLO 3.1
Textbook, chapter 20
CLO 1.1
Determinants of aggregate
CLO 1.2 demand
Discussion
CLO 1.3 Determinants of aggregate
Week Aggregate Demand and and
CLO 3.2 supply
9+10 Aggregate Supply Questions
CLO 3.3 Causes of economic fluctuation
CLO 4.1 Learn how the economy can
CLO 4.2 recover on its own
Textbook, chapter 21 and 22
CLO 1.1 The mechanism of monetary
CLO 1.2 policy and how it affects
aggregate demand Discussion
The influence of CLO 1.3
Week The mechanism of fiscal policy and
monetary and fiscal CLO 3.2
11 and how it affects aggregate Questions
policy CLO 3.3 demand
CLO 4.1 Limitations of these policies
CLO 4.2 and automatic stabilizers
Week Macroeconomics for an CLO 1.1 Textbook (Michael Parkin), Discussion
6
chapter 25
Learn the structure of Balance
CLO 1.2 of Payments
CLO 1.3 Distinction between nominal
CLO 3.2 and real exchange rate and and
12 open economy
CLO 3.3 Determinants of exchange rate Questions
CLO 4.1 How the Central bank manages
CLO 4.2 exchange rate
CLO 1.1
CLO 1.2
CLO 1.3
Submit group project
CLO 2.1
Week and presentation
CLO 2.2
13+14 Macroeconomics for an Discussion
CLO 3.2 Textbook (Michael Parkin),
open economy and
CLO 3.3 chapter 25
Questions
CLO 4.1
CLO 4.2
Week
Revision
15
8.2. Practical hours
Learning and teaching Assessment
Class Topics CLO
activities methods
[1] [2] [3] [4] [5]
Introduction to CLO 1.1
Case study of Top 50
Macroeconomics and CLO 1.2 Questions &
Week 1 economists from 1900 to the
Measuring a Nation’s CLO 1.3 discussion
present
Income
CLO 1.1
CLO 1.2 Questions
Measuring a nation’s
Week 2 CLO 1.3 Case study of Happiness Index and
income (cont’)
CLO 3.2 discussion
CLO 3.3
Week 3 Measuring the cost of CLO 1.1 Case study of regional Questions
living differences in cost of living and
7
CLO 1.2
CLO 1.3
discussion
CLO 3.2
CLO 3.3
CLO 1.1
CLO 1.2 Questions
Case study of Who earns the
Week 4 Unemployment CLO 1.3 and
minimum wage
CLO 3.2 discussion
CLO 3.3
CLO 1.1
CLO 1.2 Questions
Case study of multimedia in
Week 5 Production and growth CLO 1.3 and
Economics Teaching
CLO 3.2 discussion
CLO 3.3
CLO 1.1
Discussion
CLO 1.2
Case study of American and
Week 6 Financial system CLO 1.3
financial crisis in 2008 Questions
CLO 3.2
CLO 3.3
CLO 1.1
Discussion
CLO 1.2
Case study of Bank runs and and
Week 7 The monetary system CLO 1.3
the money supply Questions
CLO 3.2
CLO 3.3
CLO 1.1
Revision and Mid-term CLO 1.2
Week 8
exam CLO 1.3
CLO 3.1
Week Aggregate Demand and CLO 1.1 Case study of Two big shifts in Discussion
9+10 Aggregate Supply CLO 1.2 AD: The Great Depression and and
World War II Questions
CLO 1.3
CLO 3.2
CLO 3.3
CLO 4.1
8
CLO 4.2
CLO 1.1
CLO 1.2
Discussion
The influence of CLO 1.3
Week Case study of how large is the and
monetary and fiscal CLO 3.2
11 fiscal policy multiplier Questions
policy CLO 3.3
CLO 4.1
CLO 4.2
CLO 1.1
CLO 1.2
Discussion
CLO 1.3
Week Macroeconomics for an Case study of how China and
CLO 3.2
12 open economy controls exchange rate Questions
CLO 3.3
CLO 4.1
CLO 4.2
CLO 1.1
CLO 1.2
CLO 1.3
CLO 2.1
Week Submit group project
CLO 2.2
13+14 and presentation
CLO 3.2
CLO 3.3
CLO 4.1
CLO 4.2
Week
Revision
15
9. COURSE REQUIREMENT & EXPECTATION
Assignment and Exam
There are 1 mid-term exam, 1 group assignment and 1 final exam. Mid-term exam and group
assignment account 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 more than 80%
of the total classes and hand in both individual and group assignment on time. Make-up exams will
not be offered. The following rules apply to exams:
1. Make a notation of the exam dates.
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2. Final Exam is a closed -book exam, so students are not allowed to use books or other paper
materials. 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.
Late Assignments
All assignments are due by the date and time specified in the assignment. Late assignments will be
penalized 10% per calendar day (not merely per class period) beginning with the due date. After
three late days, acceptance of the assignment is at my discretion. No extensions, no exceptions. It is
your responsibility to know the due dates and to plan accordingly.
Class Participation
Class participation points will be based on general class attendance, contribution in class and
compliance with the class rules delineated below. Poor class attendance, little contribution in class
or non-compliance with class rules will result in a poor class participation grade.
Below are class rules:
1. Arrive on time and be seated and ready to begin when the class begins. If you do arrive late
for more than 30 minutes, 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, 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 intellectual property of the instructor unless otherwise copyrighted. Any reproduction or
publication of this material without prior written permission is strictly forbidden.
10. DATED: ……………………..
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CENTER FOR ADVANCED FACULTY LECTURER
EDUCATIONAL PROGRAMS
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