MINISTRY OF FINANCE SOCIALIST REPUBLIC OF VIETNAM

UNIVERSITY OF FINANCE-MARKETING Independence – Freedom - Happiness

SUBJECT SYLLABUS
1. SUBJECT INFORMATION

1.1 Subject title (Vietnamese): Kinh tế học Vĩ Mô

1.2 Subject title (English): Principles of Macroeconomics

1.3 Level of training: Undergraduate

1.4 Orientation training: Applied

1.5 Subject code:

1.6 Number of credits: 3

1.7 Knowledge block: Major

1.8 Hours for subject activities:

- Theory: 30

- Exercises/ case 15
studies/ Discussion
- Practicing at lab/
Guest speaker/Field trip/
Project:
- Self-study: 90

1.9 Dept./Faculty in charge: BA Dept., FBA (Faculty of Economics and Law)

1.10 Conditions for taking part in

the course:

- Prerequisite: Principles of Microeconomics

- Prior subjects: No

- Parallel subjects: No

2. SUBJECT DESCRIPTION
Macroeconomics is the study of collections of people and firms and how their interactions
through markets determine the overall economic activity in a country or region.
Macroeconomics focuses on issues of the economy as a whole, such as economic growth,
recession, inflation, unemployment, budget deficits, and trade deficits. In addition, by
approaching macroeconomic policies such as fiscal policy and monetary policy, the course
helps participants understand the impact of these policies on real GDP, people's income and
What is the market price of goods? The course will, also, examine different macroeconomic
approaches and the challenges facing scientists in the twenty-first century.
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3. SUBJECT OBJECTIVES
This course aims to provide basic knowledge and skills to evaluate and analyze
macroeconomic phenomena and events. Also, this course is to improve students'
understanding of the dynamics of the economy and understand the macroeconomic policies
applied in developed countries that relate to issues in the following further used subjects.

Specifically, this course is designed as follows:

+ Introduction to concepts, techniques, and methods of measuring economic activities such as

GDP, CPI, inflation rate, unemployment rate, etc.
+ To help students understand the activities of the macroeconomy, and their interrelationships
through fundamental theories and models.
+ To evaluate how fiscal and monetary policies are used to curb the impact of the recession
on the domestic and global economic environment.
+ To understand the basic macroeconomic relationships of the open economy, trade, and the
impact of international capital flows.
+ To recognize the importance of factors contributing to contemporary long-term economic
growth performance.
4. SUBJECT OUTCOMES
4.1 Learning outcomes:

CLO Contents

To present and explain basic concepts, laws and rules in

CLO1
macroeconomics.
To calculate macroeconomic indicators, national output
CLO2
measurement indicators.
To Apply macroeconomic knowledge to explain, evaluate
CLO3 and forecast the impact of macroeconomic policies in
practice.
To get skills in critical thinking, analysis, defend point of
CLO4 views, discuss and give the solution macroeconomic
policies.
To construct, organize, operate group activities, develop
CLO5
workgroups as required.
A comprehensive awareness of the practical application of
CLO6
this subject that is useful for other subjects.
To develop quality team collaboration and team
CLO7
management skills
4.2 Matrix for lining the learning outcomes (CLOs) and the training
program outcomes (PLOs)
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The level of contribution and support of CLOs to PLOs is specifically determined as

follows:
 I (Introduced) – CLO assists in achieving PLO at the introductory/starting level
 R (Reinforced ) – CLO supports achieving PLO at a more advanced level than the
starting level, with many opportunities for practice, experimentation, reality, etc.
 M (Mastery) – CLO assists in achieving PLO at a mastery/understanding level
 A (Assessed) – CLO supports achieving PLO to the fullest extent. It is necessary to
collect evidence to evaluate the output standards for the training program.

PLO PLO PLO PLO PLO PLO PLO PLO PLO PLO1
1 2 3 4 5 6 7 8 9 0
CLO 1 I
CLO 2 I
CLO 3 I R R
CLO 4 R R
CLO 5 R
CLO 6 R
CLO 7 R
Summary I R R

5. TEACHING CONTENTS AND PLAN

Form of teaching and learning Requirements

for students’
Teaching preparation
Number of hours methods before
Study attending the
Description classroom.
time
Exercises/ Practicing at
Integrated case lab/ Guest Self-
Theory
practices studies/ speaker/Field study
Discussion trip/ Project
Session Chapter 1: 3 2 Lecture Students are
1 Measuring a required to
Nation’s Income read Chapter 23
- Gross domestic (2)
product
-Nominal GDP
and real GDP
GDP deflator
(GDP deflator)
-GDP and how to
calculate inflation
Session Chapter 2: 2 10 Lecture Students are
2 Measuring the 3 required to
Cost of Living read Chapter 24
- Consumer Price (2)
Index (CPI)
- CPI, GDP
deflator
- Correcting
Variables for
Inflation
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Form of teaching and learning Requirements

for students’
Teaching preparation
Number of hours methods before
Study attending the
Description classroom.
time
Exercises/ Practicing at
Integrated case lab/ Guest Self-
Theory
practices studies/ speaker/Field study
Discussion trip/ Project
Session Chapter 3: 3 1 9 Lecture Students are
3 Production and required to
Growth read Chapter
- Determines 25 (2)
productivity and
growth rate
- Public policy
affect growth and
living standards
Session Chapter 4: 3 2 9 Lecture Students are
4 Saving, required to
Investment, and read Chapter
the Financial 26 (2)
System
- Financial
Institutions
- Save and invest
- Saving
Incentives,
Investment
Incentives
Session Chapter 5: 3 1 9 Lecture Students are
5 Unemployment required to
- Definition of read Chapter
unemployed, 28 (2)
employed, people
in the non-labour
force
- How to calculate
unemployment
rate
- Causes of
temporary
unemployment
(frictional
unemployment)
and structural
unemployment
Session Chapter 6: 3 2 9 Lecture Students are
6 Monetary system required to
- Definition of read Chapter
money and its 29 (2)
function
- Functions of the
central bank
- How is money
generated?
- Central Bank
tools to control the
money supply
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Form of teaching and learning Requirements

for students’
Teaching preparation
Number of hours methods before
Study attending the
Description classroom.
time
Exercises/ Practicing at
Integrated case lab/ Guest Self-
Theory
practices studies/ speaker/Field study
Discussion trip/ Project
Session Chapter 7: 3 1 9 Lecture Students are
7 Money Growth required to
and Inflation read Chapter
- Reasons for 30 (2)
inflation
- Cost of inflation
Session Chapter 8: 3 2 9 Lecture Students are
8 Open-Economy required to
Macroeconomics: read Chapter
Basic Concepts 31 (2)
- Definition of
trade balance, net
capital flows and
import-export
market
- The link between
the loan capital
market, the net
capital flow
market and the
import and export
market
- Policies affecting
interest rates.
Session Chapter 9: 3 1 9 Lecture Students are
9 Aggregate required to
Demand read Chapter
and Aggregate 32 (2)
Supply
- Define aggregate
supply and
aggregate demand
- Causes of
economic
fluctuations
- The impact of
aggregate supply
and aggregate
demand on the
economy
Session Chapter 10: 3 1 9 Lecture Students are
10 The Influence of required to
Monetary and read Chapter
Fiscal Policy on 33 (2)
Aggregate
Demand
- How does fiscal
policy affect
aggregate
demand?
- How does
monetary policy
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Form of teaching and learning Requirements

for students’
Teaching preparation
Number of hours methods before
Study attending the
Description classroom.
time
Exercises/ Practicing at
Integrated case lab/ Guest Self-
Theory
practices studies/ speaker/Field study
Discussion trip/ Project
affect aggregate
demand?
- Policies to
stabilize the
market
30 15 90

6. Learning materials:
6.1 Main textbooks
1. Mankiw, N. G. (2010). Macroeconomics/N. Gregory Mankiw (No. 339 M35 2010.)
2. Mankiw, N. G. (2016). Principles of Economics. 8th Edition. Cengage Pubisher.
6.2 References
3. Arnold, R. A., Arnold, D. R., & Arnold, D. H. (2022). Macroeconomics. Cengage
Learning.
4. Thomas, A. M. (2021). Macroeconomics: an introduction. Cambridge University
Press.
5. Ahuja, H. L. (2022). Principles of Macroeconomics. S. Chand Publishing.

7. METHOD OF EVALUATION
7.1 Mid-term evaluation makes up 50% of the total grade
TYPES OF DESCRIPTION EVALUATED COMPONENT
EVALUATION OUTCOME SCORE
No STANDARDS STRUCTURE
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1 Assessment of diligence,
Class
positive attitude, and
participation proactive participation in CLO5 20%
and discussion individual and group
activities.

2 Individual
Evaluate students’
CLO5 20%
homeworks knowledge of this subject

3 Group Evaluate groups’ CLO1,2,3,4

assignment explaining quality
A topic relevant management concepts,
to the subject is systematizing international
assigned to each quality standards, applying 30%
group. In class, quality control methods,
the group will proposing solutions
have 20 minutes
to present and 10
Evaluate students’ ability CLO5,6
minutes to
to interact directly with
answer
each other (teamwork
questions.
skills, leadership
The lecturer will
skills, work
give group
organization),
scores &
communication skills with
individual
crowds, and with the
scores. Each
lecturers to consolidate
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group consists of knowledge, receive
4 to 5 students. discoveries.
Evaluate students' attitudes CLO7
The group has to
through their preparation,
submit a report
professional skills, and
in Word and
personal qualities.
make a
presentation
using
PowerPoint.
4 Mid-term test Evaluate students' CLO1,2,3,4 30%
The 30-minute systematizing international
mid-term test quality standards, applying
will cover from quality control methods
topic 1 (Chapter through multiple-choice
23) to questions.
Topic 7 (Chapter
30)
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Evaluate the ability to think CLO4,5,6

systematically, arguing
closely to solve practical
issues given in the test.
Evaluate the ability to
accumulate, respond to
new knowledge in solving
given issues

Total 100%

7.2 Final evaluation makes up 50% of the total grade

TYPES OF DESCRIPTION EVALUATED COMPONENT

EVALUATION OUTCOME SCORE
STANDARDS STRUCTURE

Final test Evaluate the students’ CLO1,2,3 60%

Personal essay systematizing and applying

Each student writes an

essay based on the
required topic.
knowledge to answer
multiple-choice questions.

Evaluation of skills - CLO4,5,6,7 40%

creativity, problem
detection in quality
management from theory to
reality, through one case-
study exercise.

Total 100%
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8. SUBJECT RULES
8.1 Rules for attending classes
8.2 Rules for classroom behavior
8.3 Rules for educational affairs
9. HOLISTIC RUBRIC:
Table 1. Rubric for team assignments
Description of quality level
Criteria Weight Very good Good Average Poor Very poor
9 ≤ scores ≤ 10 7 ≤ scores < 9 5 ≤ scores < 7 3 ≤ scores < 5 0 ≤ scores < 3
Negligence,
Monotonous,
Correct, irregularities,
Format 10% Correct Many errors irregular, many
impressive lots of spelling
spelling errors
errors
Speak clearly, Speak softly, do Do not have a
Speak clearly Speak softly,
confidently, not be confident, good attitude
Presentation and confidently, less confident,
10% persuasively, and and do not when presenting,
skills and communicate rarely interact
communicate with communicate do not care about
with listeners with listeners
listeners with listeners the audience
Meet 80% of the Meet 70%-less Meet 50%-less Meet 30%-less Meet less than
Content 40% requirements or than 80% of than 70% of than 50% of 30% of requests
more requirements requirements requirements
Answer below
Answer all the Answer 2/3 of Answer 1/2 of Answer 1/3 of
1/3 of the
Q&A 20% questions the questions the questions the questions
questions
correctly correctly correctly correctly
correctly
70%-under 80% 50%-under 70% 30%-under 50% under 30% of
80% of members
of members of members of members members
participate in
Participation 20% participate in the participate in the participate in the participate in the
making/presenting
performance/ performance/ performance/ performance/
or more
presentation presentation presentation presentation

Table 2. Rubric for a mid-term test

Description of quality level
Criteria Weight Very good Good Average Poor Very poor
9 ≤ scores ≤ 10 7 ≤ scores < 9 5 ≤ scores < 7 3 ≤ scores < 5 0 ≤ scores < 3
Meet 80% of Meet less than
Meet 70%-less Meet 50%-less Meet 30%-less
the 30% of
Mid-term test 100% than 80% of than 70% of than 50% of
requirements or requests
requirements requirements requirements
more

Table 3. Rubric for a final test

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Description of quality level

Criteria Weight Very good Good Average Poor Very poor
9 ≤ scores ≤ 10 7 ≤ scores < 9 5 ≤ scores < 7 3 ≤ scores < 5 0 ≤ scores < 3
Meet 80% of Meet less than
Meet 70%-less Meet 50%-less Meet 30%-less
the 30% of
Final test 100% than 80% of than 70% of than 50% of
requirements or requests
requirements requirements requirements
more

Ho Chi Minh City, Date:……………………

PRINCIPAL HEAD OF DEPARTMENT