Unformatted text preview: VIETNAM NATIONAL UNIVERSITY, HANOI
UNIVERSITY OF ECONOMICS AND BUSINESS SYLLABUS
I – INSTRUCTOR INFORMATION:
Full name: Vu Pham Hai Dang, Ph.D. Nguyen Thi Thu Hang, Ph.D. Office: R309 – E4 COE-VNU campus R309 – E4 COE-VNU campus Office hours: by appointment by appointment Contact address: R309 – E4 VNU campus R309 – E4 VNU campus Cell phone 0906167001 0904192004 Email: [email protected] [email protected] II – COURSE DESCRIPTIONS:
2.1 Prerequisite courses: Macroeconomics I
2.2 Number of credits: 4
2.3 Credit hours: 60 credit hours
2.4 Course descriptions:
This course provides a more in-depth coverage of macroeconomics. Theories of
economy in the short run (i.e. business cycle theory) and in the long run (i.e. classical
theory) are developed further and extended to cover both closed and open economy.
Moreover, the theory of growth – the economy in the very long run – is also
examined. In this course, we will study how to analyze the economy under different
situations using various macroeconomic model such as IS-LM and AD-AS model for
the closed economy and Mundell-Fleming model for the open economy in the short
run, Solow and endogenous growth models for the very long run. Students are
assumed to have a basic grasp of macroeconomics from a principle course and
adequate calculus ability.
This course is for Honors Program in Economics in Foreign Affairs.
Language of instruction and testing : English
Test forms : written test
Learning activities : the course will be conducted in an interactive manner that
requires students’ frequent feedbacks. Learning activities will include lectures, in-class
discussion, case study preparation and presentation, homework and tests. 1 2.5 Course objectives:
Our objective in this Macroeconomics II course is to cover macroeconomic theory at
the intermediate level. This course’s aim is to ensure that all students can take
standard macroeconomic problems and correctly analyze them. This course builds
basic macroeconomic tools, e.g., macroeconomic model, from fundamental concepts.
The primary goal is to teach you how to apply economic reasoning in a careful,
systematic way, to economic issues you will confront in subsequent university courses
and in your post-university careers. The course is also important to any student who
plans to go on to study economics at the graduate level. It is best seen as a course that
provides the foundations of economic analysis and thereby opens the door to other
economics courses, both applied and theoretical.
Instructor(s) will use the 4 scales (1: to be able to recall; 2: to be able to understand
and apply; 3: to be able to reason; and 4: to be able to create) – in equal with the 6
scales of Bloom’s taxonomy – given in the Appendix to assess the level of proficiency
of the students regarding to their achievement of the expected learning outcomes
thorough the course. Students can also use these 4 scales to assess themselves the level
of proficiency of the expected learning outcomes.
2.5.1 Economic knowledge and reasoning:
Students are expected to be able to acquire the knowledge of macroeconomics up to
the level of proficiency 3 (to be able to reason):
o understand the concepts and measurement of GDP, unemployment, and
inflation at intermediate level.
o understand the classical model and use it to analyze and evaluate how
policies affect the economy in the long run.
o understand the growth theory and use it to identify, analyze and
evaluate optimal policies for economic growth in the long run.
o understand the forces behind economic fluctuations, use the IS-LM and
AD-AS frameworks to analyze and evaluate the consequences of
shocks and government’s policies for both closed and open economies.
o understand advantages and disadvantages of different economic
2.5.2 Personal and professional skills and attributes:
Through the course the following students’ personal skills are developed and enhanced
between the levels of proficiency 2 (to be able to understand and apply) and 4 (to be
able to create):
o reasoning and solving economic issues: this includes identifying, formulating
and generalizing economic issues, analyzing the issues/problems both
qualitatively and quantitatively with uncertainty, solving the issues by
recommending and giving solutions.
o researching the knowledge and practice through making hypothesis, reviewing
both print and electronic literature, and searching, collecting, analyzing and
handling/processing the information/data, testing hypothesis, doing research
and applying it to the reality. 2 o thinking systematically (e.g. thinking holistically, finding economic
problems/issues and their interactions, identifying priority, finding balanced
solutions, analyzing from different aspects).
Students foster and develop personal attributes (e.g. patient, flexible, self-confident,
diligent/hard working, creative thinking, critical thinking, and self-esteem) and skills
(e.g. awareness of one’s personal knowledge, skills, and attitudes; time and resource
management; learning and self-learning; and self-management). Students are required
to acquire a fluent use of Microsoft Word (in submitting homework and projects) and
Microsoft PowerPoint (in the form of case study and project presentation).
Students foster and develop professional skills and attributes (e.g. ask organization
and arrangement; awareness & catch up with modern world’s economy; ability to
work independently; and self-confidence in international working environment).
2.5.3 Interpersonal skills and attributes:
In using the teaching and learning methods such as in-class discussions, case study
preparation and presentation, homework, and essays, students are required to develop
and enhance their interpersonal skills and attributes among the levels of proficiency 2
(to be able to understand and apply) and 3 (to be able to analyze and evaluate):
teamwork (forming effective teams, team operation, team growth and evolution,
leadership, ability to work with different teams), communications (spoken, written and
electronic/multimedia communications, presentation), and communication in English
(listening, speaking, reading and writing).
2.5.4 Ability to apply economic knowledge into practice:
Through lecture, case studies and homework, students are able to formulate economic
ideas and evaluate economic consequences between the levels of proficiency 2 (to be
able to understand and apply) and 3 (to be able to analyze and evaluate) within the
contemporary societal and external context.
III – TEXBOOKS AND REFERENCES:
3.1 Required textbook(s):
o Mankiw, Gregory, Macroeconomics, 5th edition, Worth Publishers, 2002
o Blanchard, Olivier, Macroeconomics, Pearson Prentice Hall, 2005
o Jones, Charles, Macroeconomics, W. W. Norton & Company, 2008
o Rudiger Dornbusch, Stanley Fischer, Richard Startz, Macroeconomics, 8th
edition, Irwin/McGraw-Hill, 2000
o Current economic and business periodicals and journals.
IV – ASSESSMENT AND GRADING:
Assessment is made in the forms of attendance, in-class contribution and discussions,
Q&As, case preparation and presentation, homework, midterm and final exam.
4.1 Grading mechanism:
o Class attendance and participation (5%): Attendance at all sessions is required
except in previously arranged cases/emergencies. Not attending the class up to 3 5 times would result in failing to meet the requirement to participate in the
final exam and consequently failing the subject.
All students are expected to participate actively in class discussion. This
includes evidence of thorough prior preparation of course materials, engaging
in exercises, Q&As, discussion etc.
o Homework assignments (10%): There will be 8 homework assignments during
the semester. See Course Calendar below for their timing and due dates.
Homework is assigned in class or via email and due in class as specified in the
Calendar. You are encouraged to discuss possible solutions to the homework
with your classmates but you must submit your own answer. Each homework
assignment must be hand written with your full name, student number,
homework assignment number, and due date.
Late homework is not accepted without prior permission from me and receive
o Group case presentation (5%): In groups of 2-5 decided by the instructor(s) for
each class, students will present their opinions for one of the cases in the text,
as assigned. Presentations should be 15 minutes maximum. The template of
group’s presentation is given by the instructor(s) (might include analysis and
recommendations). The criteria for assessing the group case presentation are
(but not limited to): The ideas/arguments/answers are relevant, appropriate and in full with
the requirements of the case. Reference is required where appropriate
(50%). Good communications (e.g. speaking) for the ideas/arguments/answers
(20%). Good teamwork (10%) Good time management (10%). Neatly and nice/attractive form of presentation (10%).
Failure to deliver presentation as assigned would result in no grade for the
assigned group case presentation.
o Midterm Exam (30%) There will be one midterm exam to be taken in class
during 8th week of the semester. No make-up midterm are available unless
under very special circumstances. Midterm will be one hour and a half, in
class, in written form, closed book and comprise both multiple-choice
questions and short-answer and problem solving questions. Midterm will only
cover the topics discussed in class. For example, there will be no exam
questions on topics that are in the text books or other materials but not covered
o Final exam (50%): As with the midterm, the final will be one hour and a half,
in class, in written form, closed book and comprise both multiple-choice
questions and short-answer and problem solving questions. Final exam will be
covering the topics discussed in class. For example, there will be no exam
questions on topics that are in the text books or other materials but not covered
in class. The date is fixed by the Department of Training –UEB and informed
to students in due course. Make-up exam will follow UEB’s policies.
o Criteria for grading short-answer questions in homework assignments,
midterm and finals 4 The ideas/arguments/answers are correct, relevant, appropriate and in
full with the requirements of the questions. (70%). Good structure of the answer – e.g. supporting
arguments/evidence/examples are given (20%). Good communications (e.g. writing) for the ideas/arguments/answers
(10%). 4.2 Policy:
o Students are required to complete and submit all the tasks given by the course
instructor(s)/lecturer(s) in time.
o The class will be conducted as an interactive exchange. Students will take an
active role in leading discussion of cases, presenting cases, and providing
critical commentary. Each class will involve discussions and dialogue as
major elements in the learning strategy, although lecture will be utilized to
provide grounding for subject content. Individual participants will be
responsible for completing reading assignments and participating in discussion
of those readings.
o The Code of Academic Integrity of the University addresses cheating,
fabrication of submitted work, plagiarism, handing in work completed for
another course without the instructor’s approval, and other forms of
dishonesty. For the first offense, a student who violates the Code of the
University will receive 0 points for the assignment. The violation will be
reported by the instructor(s) to the Dean’s Office and recorded in the student’s
file. For the second offense, the student will be failed from the course and the
reason noted on the student’s official transcript.
o Because it is distracting to other students and to me, I ask that you do not carry
on private conversations and keep your cells off during class time. Making a
habit of this will reduce your participation grade. Please be seated before
lecture begins, and don't leave early without prior permission since it is very
distracting to me and your classmates. Arriving late or leaving early without a
valid excuse will count as half of an absence.
o The text should be used to help you understand the lectures. Therefore, before
class, please prepare by reading ahead in the text. If you have already seen the
material, the lectures will be easier to follow. After class, reread the text.
Sometimes the text will explain a concept better than I did in class.
o Internet/Email Requirements: Students are expected to regularly check their
email account. Homework assignments, lecture notes, important information
or instructions may be emailed to these accounts.
V – HINTS FOR SUCCESS:
Study! Do your homework! Don't miss an exam! Read the assigned chapter before
coming to the class and before doing the homework. Don't cram all the studying in the
night before the exam, or you will be too tired to think and process all the information.
Don't work too much. Get tutoring if you are struggling, or ask the instructor for help and
advice. Finally, studying in groups is highly recommended, as long as each member of
the group pulls his or her own weight, and you each remain responsible for learning the 5 material. It is OK to discuss homework with your classmates, but copying somebody
else's answers is cheating!
Experiences have shown that to achieve good results for each weekly session, students
need an average of 5-8 hours/week of self-study to prepare, review and complete
homework assignments. V – TEACHING PLAN:
Week Teaching Lecture topics Reading/ Methods
Week 1 Course
Topic 1: Macroeconomic
Indicators: (4c.h.) Before class:
Read : Mankiw (C2- - Nominal and Real GDP - GDP deflator
CPI and GDP deflator In class: Unemployment 1 out Jones (C2) - Homework 3), Blanchard (C2), - (4 hours) Note Participate in
exercises Week 2 Lecture, Topic 2: Classical theory: the Q&A, closed economy in the long run Cases, (4c.h.) Practice
(4 hours) Before class:
Read: Mankiw (C3),
Jones (C4) - Production function - Homework
Homework Markets for factors of
production: labor and In class: 2 out Participate in
discussions and capital solve practice
- Market for goods and exercises services
Week 3 Lecture, Topic 3: Classical theory: the Q&A, open economy in the long run Cases, (4c.h.) Read: Mankiw (C5),
Blanchard (C18) Practice Before class: 6 Homework
Homework exercises - (4 hours) International flows of
capital and goods - In class:
Participate in Saving and investment in discussions and the small open economy solve practice - Exchange rates exercises Week 4 The large open economy Lecture, Topic 4: Money and Inflation Q&A, (3c.h.) Cases, Homework Discussion: (1c.h.) Before class:
Read: Mankiw (C4) 3 due In class: Practice
exercises - Homework 1-3 answer (3 hours) - Topic 1-3 Participate in
discussions and Discussion solve practice (1 hour)
Week 5 3 out exercises Lecture, Topic 5: Growth theory: Solow Q&A, model (4c.h.) Cases, Before class:
Read: Mankiw (C7), - Production function - Steady states Jones (C5) (4 hours) - Golden rule In class: - Population growth Participate in - Technological progress 4 out Blanchard (C11), exercises Homework discussions and Practice solve practice
Week 6 Lecture, Topic 6: Growth theory: Q&A, Endogenous growth (4c.h.) Cases,
exercises Read: Mankiw (C7- Homework
4 due - The AK model 8), Blanchard (C11- Homework - A two-sector model 12), Mankiw (C4) 5 out In class: (4 hours) Before class: 7 Participate in
Week 7 Discussion
Review, Discussions : (1c.h.)
- Homework 2-3 answer - hours)
exercises 6 Review Topic 1-6
discussion and solve (3 hours) Test (2 from week 1 to week 5 due In class: exercises Week 8 Homework Review for Midterm (3c.h.) Q&A,
Practice Read class materials practice exercises
Midterm : (2c.h.) Before class: Topic 7: Economy in the short Review class run: IS-LM model (2c.h.) materials from week - Equilibrium in the market Midterm
exam 1 to week 7 for goods and services: the Read: Mankiw IS curve (C.10), Blanchard
(C3&5), Jones (C10) (2 hours) In class:
- Participate in
exercises - During exam:
keep calm, do
your best! Week 9 Topic 7: Economy in the short Q&A, run: IS-LM model (cont.) Cases, Lecture, (3c.h.) Before class:
(C10), Blanchard 8 Homework
6 out Practice - exercises
(4 hours) Equilibrium in the Money
market: the LM curve - (C4&5)
In class: Equilibrium of the IS-LM
Participate in model discussions and
- Fluctuations solve practice Midterm answer (1c.h.) exercises
Before class: Week Lecture, Topic 8: Economy in the short 10 Q&A, run: AD-AS model (4c.h.) Cases,
exercises Read: Mankiw - AD curve - AS curve: Short run vs. long Blanchard (C7) (C11&13), run (4 hours)
- 6 due
7 out In class: AD-AS model: from the
short run to the long run - Homework Participate in
discussions and Inflation and solve practice unemployment: the Phillips exercises curve Week Discussion 11 (1 hour)
Presentation Discussion: (1c.h.) Before class: - Homework 6-7 answer Prepare for group - Topic 7-8 Homework presentation (3 hours) 7 due In class: Presentation (3c.h.) Participate in
Week Lecture, Topic 9: Small open economy 9 Before class: Homework 12 Q&A, in the short run: the Mundell- Read: Mankiw Cases, Fleming model (4c.h.) (C12), Blanchard Practice
exercises - Equilibrium in the market
for goods and services: the (4 hours) IS* curve
Participate in Equilibrium in the money discussions and market: the LM* curve
- 8 out solve practice Equilibrium under floating exercises exchange rates
- Equilibrium under fixed
exchange rates Week Lecture, Topic 9: Small open economy 13 Q&A, in the short run: the Mundell- Cases, Fleming model (cont.)(2c.h.) Practice
exercises - Before class:
Read: Mankiw (C12,
appendix) Blanchard economy (4 hours) AD-AS for small open (C19-21) Topic 10: Large open economy
in the short run (2c.h.) In class:
exercises Week Lecture, Topic 11: Discussions about 14 Q&A, macroeconomic policies and Cases, government budget (3c.h.) Practice
exercises Discussions: (1c.h.) (3 hours) - Homework 8 answer Discussion - Topic 9-10 Before class:
solve practice (1 hour) exercises 10 Homework
8 due Week Review, 15 Q&A,
Practice Review for Final (4c.h.) Before class: - Class contents from week 8 Review the course to week 15 contents Practice exercises In class: exercises
(4 hours) - Participate in
o Further essential materials (if any) will be provided during each class.
o Venue for lectures and presentation/discussions: classroom and other venues
o Please make sure you are aware of all applicable school policies by UEB.
o Please note that this is only the tentative course calendar and will be subject to
August 5th , 2010
Prepared by Approved by Dang Pham Hai VU 11 Approved by Appendix: Evaluation scales
(To be able to
(Remembering) Level 2
(To be able to
apply) Level 2 & 3:
and applying) Level 3:
(To be able to
reason) Level 4 & 5:
evaluating) Level 4:
(To be able to
create) Level 6:
(Creating) Key verbs to recognize the ability of students after
the course (level of proficiency)
Memorizing; naming; recognizing; gathering data;
observing; showing; recording; locating; identifying;
recalling; telling; uncovering; listing; repeating;
defining; explaining; investigating; pointing to;
retrieving prior knowledge
Understanding: classifying; demonstrating; grouping;
illustrating / exemplifying; rearranging; reordering;
summarizing; inferring; relating; experimenting
Applying: modeling; diagramming; performing;
reporting; ordering; operating; executing / carrying out;
using / implementing acquired data in new situations
Analyzing: comparing; attributing; discussing;
contrasting; organizing; investigating; taking a part;
deconstructing; focusing / selecting; solving;
Evaluating: interpreting; critiquing; valuing; justifying;
proving; deciding; monitoring; judging; rating;
Imagining / generating / hypothesizing; designing /
planning; inventing / producing / constructing; adapting
/ changing; improving / predicting; extending;
developing; building; compiling 12 ...
View Full Document
This note was uploaded on 10/30/2010 for the course INTERNATIO 8989989 taught by Professor 90 during the Spring '10 term at Mt. Vernon Nazarene.
- Spring '10