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SYLLABUS

MACROECONOMICS
BACHELOR PROGRAM

1. General information
❖ Number of credits: 3
❖ Prerequisites: after completing Microeconomics course
❖ Lecturer:
• Instructor: Lâm Mạnh Hà
• Contact: [email protected]; 0989950019

2. Course description
Firstly, this course studies the economy at the aggregate level, describes and measures
macroeconomic variables such as output, inflation, unemployment, economic growth
and other issues; and then focuses on basic macroeconomic models to analyze the
impacts of fiscal, monetary, and foreign trade policies on the performance of the
economy. By the details of these models, students are expected to have more
knowledge to understand how the economy operates.

3. Learning objectives
The Macroeconomics course in the first stage is built to help students to:
• understand macroeconomic indicators
• explain the economic operating at aggregate level
• assess economic events correctly
• analyze impacts of macroeconomic policies
This course also aims to develop students’ economic understanding and thinking,
makes it very helpful not even in economic domain but also in other ones.
After completing this course, students are expected to reach the following targets:
❖ Thinking:

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✓ Creating step by step the systematic and critical thinking to analyze,
recapitulate, and assess economic issues.
❖ Knowledge:
✓ Understand and use correctly macroeconomic terms, particularly popular
terms such as inflation, unemployment, interest, exchange rate, trade
balance, balance of payments,…
✓ Understand the meaning of macroeconomic variables which measure the
price (CPI, PPI, GDP deflator) and the output (GDP, GNP,…), and then assess
or compare the performance of the economy between nations.
✓ Understand the nature of macroeconomic malfunction such as economic
depression, high unemployment and inflation rate. By using basic
macroeconomic models of different schools, students can explain economic
malfunction in the real life also as assess the roles of fiscal and monetary
policies in stabilizing the economy.
✓ Explain the operating of the foreign exchange market, the fluctuation of the
exchange rate, the linkage between the exchange rate, the balance of trade
and the balance of payments. Analyze the impacts of government intervention
in the foreign exchange market to inflation and output.
✓ Recognize the weight of variables deciding the long-run economic growth.
Distinguish the difference between economic growth and economic
development.
❖ Skills:
Technical skill:
✓ Skillfully process, analyze and synthesize data to describe economic situation.
✓ Skillfully use charts, graphs, block diagrams, simply mathematical models to
explain economic events.
Soft skills:
✓ During the course, students will be trained for developing the following skills:
detecting and solving issue skill, critical skill, working group skill, presentation
skill (speaking and reading), applied informatic skill.
❖ Attitude:

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✓ Based on learning regulations, on active teaching and learning methods,
students are expected to get an attitude of honesty, cooperating, respecting
rules, and willingness to learn.

4. Course details

The minimum parts required for students as follow:

Introduction to Macroeconomics
❖ General macroeconomic issues
❖ Disadvantages of the market economy and the role of the government
❖ Macroeconomic goals and tools
❖ Aggregate supply and aggregate demand model and macroeconomic policies
Measuring a nation’s income
❖ Overview of the System of National Accounts (SNA)
❖ Measure of the output
❖ Comparison between countries
Fiscal policy
❖ Impacts of the fiscal policy
❖ Quantitative method for the fiscal policy
Money and banking system
❖ Overview of the banking system
❖ Overview of the money
❖ The banking money and the money multiplier
Monetary policy
❖ Tools of the monetary policy
❖ Monetary market
❖ Impacts of the monetary policy
❖ Quantitative method for the monetary policy
Inflation and unemployment
❖ Inflation
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❖ Unemployment
❖ Relationship between inflation and unemployment

5. Recommended resources
[1]. N.G. Mankiw, Principles of Economics, 6th Ed.2012
[2]. OUM, Principles of Macroeconomics, 2013
[3]. P. A. Samuelson & W. D. Nordhaus:
[2a]. Economics (seventeenth edition), McGraw-Hill Publisher
[2b]. Economics (part 2), National Political Publishing House - 2007
or Financial Publishing House - 2007
[4]. D. Begg & R. Dornbusch & S. Fischer, Economics, Statistical Publisher HCMC, 2007
or 2008
[5]. Useful websites:
Students should get familiar with the following websites, which are rich of
macroeconomic information:

a) State Bank of Viet Nam: http://www.sbv.gov.vn ;


b) Ministry of Planning and Investment: http://www.mpi.gov.vn;
c) Ministry of Finance: http://www.mof.gov.vn;
d) International Monetary Fund: www.imf.org;
e) General Statistical Office: www.gso.gov.vn
f) Asian Development Bank: www.adb.org
g) The Open Courseware of Fullbright Economics Teaching Program:
http://www.fetp.edu.vn/en/opencourseware/fetp-opencourseware

It is recommended to follow and frequently update, during the course, economic


and financial information concerning Vietnamese and worldwide economic policies.

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6. Course allocation (9 sessions, 5 hours/session)

Deadline for group assignments, individual assignments, essays and presentations


will be determined and informed to students by the instructor
Homework
Student
Session Contents (recommended
preparation
resource)

Chapter 10-Measuring a
1 Reading materials LMS website
Nation’s Income

Chapter 11-Measuring the Reading materials


Cost of Living Presentation
2 LMS website
Chapter 12-Production and Self-study
Growth

Chapter 13-Saving, Reading materials


Investment, and the Financial Presentation
System
3 LMS website
Chapter 14-The Basic Tools of Self-study
Finance
Chapter 15-Unemployment Self-study

Chapter 16-The Monetary Reading materials


System Presentation
4 LMS website
Chapter 17-Money Growth Reading materials
and Inflation Presentation

Chapter 18-Open Economy Reading materials


5 Macroeconomics: Basic Presentation LMS website
Concepts

Chapter 19-A macroeconomic Reading materials


6 LMS website
theory of the open economy Presentation

Chapter 20-Aggregate
Reading materials
7 Demand and Aggregate LMS website
Presentation
Supply

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Chapter 21-The Influence of
8 Monetary and Fiscal Policy on Reading materials LMS website
Aggregate Demand Presentation

Chapter 22-The short-run


9 trade-off between inflation Reading materials LMS website
and unemployment Presentation

7. Evaluation

Criteria Ratio

1. Progress Assessment 50%

Attendance 5%

Participation 5%

Short tests 10%

Short presentation 10%

Mid-term exam 20%

2. Final exam
50%
Multiple choice questions

3. Total 100%

Please follow the schedule on the LMS website in order to not to miss any short tests.

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