9/16/2022
COURSE INTRODUCTION
COURSE LEARNING OBJECTIVES
Knowledge
Identify and appreciate different views on
macroeconomics issues by different economic
theories
Understand short run economic fluctuations and
their causes as well as economic growth and
growth stimulus policies.
1
9/16/2022
COURSE LEARNING OBJECTIVES (CONT.)
Apply appropriate closed and open economy models to
explain how total output and other macroeconomic
variables such as price level, interest rate, exchange
rate, trade balance, domestic and foreign investment
are determined and fluctuated in the short and long
run.
Analyze and evaluate the consequences of economic
shocks and government macroeconomic policies on
macroeconomic issues in economies in the short and
long run.
COURSE LEARNING OBJECTIVES (CONT.)
Skills
Develop skills in researching macroeconomic
issues including identification, formulation,
analysis and evaluation of macroeconomic
phenomena and problems.
Develop skills in using both quantitative and
qualitative methods in macroeconomic issue
analysis.
2
9/16/2022
COURSE LEARNING OBJECTIVES (CONT.)
Skills
Develop consultancy ability in giving comments
and recommendations for macroeconomic issues
Develop independent and iniative ability in
learning and research, ability to update
knowledge, gradually build up creative capacity
in work and career development in the future.
COURSE LEARNING OBJECTIVES (CONT.)
Skills
Develop communication skills in both speaking
and writing.
Develop skills in teamwork including effective
team formation, team operation, leadership and
ability to work with others.
Appreciate work efficiency.
Ethical atttributes
Develop personal ethics: hard-working, confident,
honest, and responsible.
3
9/16/2022
COURSE MATERIALS
Available on Microsoft Teams
OUTLINE OF THIS COURSE AND TEXTBOOKS
Chapter 1: Macroeconomic indicators Chapters 1, 2 (Mankiw)
Chapter 2: Classical Theory: The closed economy in the long run Chapter 3 (Mankiw)
of Macroeconomics
CHAPTER 1
Chapter 3: Classical Theory: The open economy in the long run Chapter 5 (Mankiw)
Chaper 4: Money and Inflation Chapter 4 (Mankiw)
Chapter 5: Economic Growth Chapters 7, 8 (Mankiw)
Chapers 10, 11
Chapter 6: Economy in the Short run: the IS-LM model (Mankiw)
The Science
Chapter 7: Economy in the Short run: the AD-AS model Chapter 13 (Mankiw)
Chapter 8: Small open economy in the short run: The Mundell-
Fleming model Chapter 12 (Mankiw)
Chapter 9: Large open economy in the short run: The IS-LM-BP Chapter 10 (Conlander
model and Gamber)
Chapter 10: Discussion about macroeconomic policies and
government budget Chapter 15 (Mankiw)
4
9/16/2022
ASSESSMENT
Attendance: 10%
Quick test, participation: 15%
Mid-term test: 15%
Final test: 60%
