COURSE IMPLEMENTATION PLAN FU-HL (Under Decision No 1033/QĐ-ĐHFPT dated 07/12/2016) Course name: Course code: Level: Implementation period: Group leader /lecturer: E-mail: Phone: MACROECONOMICS ECO121 Bachelor from 07/12/2016 to 06/04/2017 Nguyen Thanh Tam tamnt@fpt.edu.vn 0936259522 1) Main objectives and goals of the course Economics is the study of how society manages its scarce resources Economics has been divided into the subcategories of microeconomics and macroeconomics While microeconomics focuses on the behavior of individual economic agents, this course macroeconomics - studies how economists measure macroeconomic variables and covers topics such as determination of national output, economic growth, unemployment, inflation, interest rates, and exchange rates Macroeconomics also discusses and assesses the effectiveness of monetary and fiscal policies under different scenarios The main objective of the course is to improve macroeconomic literacy as well as critical thinking and problem solving skills to explain and predict macroeconomic issues After the course, students are able to:  Understand macroeconomic principles and issues  Understand how labor and capital markets work  Identify the factors that determine national income and growth  Understand the dynamics and causes of inflation and unemployment  Evaluate how fiscal and monetary policies could stabilize the economy  Improve skills of analytical thinking, problem solving, writing ability, and team work 2) Course Textbook(s)/Resources: a) Main books  Mankiw, N G., 2012, Principles of Economics (International Edition), 6th edition, South-Western CENGAGE Learning (ISBN13 978-0-538-45342-4) OR  Mankiw, N G., 2009, Principles of Economics (International Edition), 5th edition, South-Western CENGAGE Learning (ISBN13 978-0-324-59463-8) b) Reference books or resources  Instructor Manual (IM), PPT c) Coverage: 30 slots with 90 minutes per slot for study 04.02e-BM/DH/HDCV/FU 1/2 1/20 3) Implementation plan in details (FU-Hòa Lạc 25/2-30/3: classes with number of slots per day from Monday to Friday as [1.2.1.1.1]) Topics/ Chapters/Unit Week Chapter 23 Date Slot number 25/2 Course Introduction Handout of Individual Assignment (Chapters 23, 24, 28, 25) Chapter 23: Measuring A Nation's Income Chapter 23 26/2 Chapter 24 26/2 04.02e-BM/DH/HDCV/FU 1/2 27/2 Group Formation Group Assignment Guidelines Chapter 23: Measuring A Nation's Income [Practice: period(s)] Category Lecture Lecture Tutorial Textbook Textbook Chapter 24: Measuring The Cost of Living 04.02e-BM/DH/HDCV/FU 1/2 Category Lecture Textbook Teacher's Material Textbook, Instructor Manual IA1 Handout Case Study (textbook, 6th Ed): The Components of US GDP on page 499 Case Study (textbook, 6th Ed): Real GDP over Recent History on page 502 Textbook, Instructor Manual GA Handout Case Study (textbook, 6th Ed): International Differences in GDP and the Quality of Life on page 507 Textbook, Instructor Manual FYI (textbook, 6th Ed): What Is in the CPI’s Basket? on page 516 Case Study (textbook, 6th Ed): Interest Rates in the US Economy on page 525 Student's task after class Textbook, CMS Problems and Applications (textbook, 6th Ed): 5, 7, on pages 510-511 Textbook, CMS Textbook, CMS FYI (textbook, 6th Ed): Other Measures of Income on page 497 Textbook, CMS Problems and Applications (textbook, 6th Ed): 2, 4, on pages 527-528 10/20 Chapter 24 Chapter 28 28/2 28/2 Chapter 24: Measuring The Cost of Living [Practice: period(s)] 1/3 04.02e-BM/DH/HDCV/FU 1/2 4/3 Lecture Tutorial Textbook Chapter 25: Production and Growth Chapter 25 Textbook Chapter 28: Unemployment [Practice: period(s)] Chapter 25 Lecture Tutorial Group Topic Discussion Chapter 25: Production and Growth [Practice: period(s)] Lecture Lecture Tutorial Textbook Textbook Textbook, Instructor Manual Textbook, Instructor Manual Case Study (textbook, 6th Ed): Labor Force Participation of Men and Women in the US Economy on page 597 Case Study (textbook, 6th Ed): Henry Ford and the Very Generous $5a-Day Wage on page 612 Textbook, Instructor Manual FYI (textbook, 6th Ed): A Picture Is Worth a Thousand Statistics on page 534 FYI (textbook, 6th Ed): The Production Function on page 539 Textbook, Instructor Manual Case Study (textbook, 6th Ed): Are Natural Resources a Limit to Growth? on page 539 Textbook, Instructor Manual Textbook, CMS FYI (textbook, 6th Ed): Who Earns the Minimum Wage? on page 608 Problems and Applications (textbook, 6th Ed): 2, 3, 4, on pages 614-615 Textbook, CMS Problems and Applications (textbook, 6th Ed): 5, on page 554 Textbook, CMS FYI (textbook, 6th Ed): Are You Richer than the Richest American? on page 536 11/20 Progress Review 5/3 Chapter 26 6/3 Chapter 26 Chapter 29 7/3 7/3 10 Progress Review & Practice [Practice: period(s)] Chapter 26: Saving, Investment, and The Financial System [Practice: period(s)] Submission of Individual Assignment Handout of Individual Assignment (Chapters 26, 29, 30, 3) Chapter 26: Saving, Investment, and The Financial System [Practice: period(s)] 04.02e-BM/DH/HDCV/FU 1/2 8/3 Lecture Tutorial Lecture Tutorial Textbook Textbook, Instructor Manual Textbook, CMS Textbook Textbook, Instructor Manual FYI (textbook, 6th Ed): Financial Crises on page 561 Textbook, CMS Problems and Applications (textbook, 6th Ed): 3, 4, 5, on pages 574-575 Textbook Textbook, Instructor Manual IA2 Handout Case Study (textbook, 6th Ed): The History of US Government Debt on page 570 Textbook, CMS IA1 Ready Quiz Preparation 11 Quiz (Chapters 23, 24, 28, 25) Review Review of Individual Assignment Chapter 29: The Monetary System [Practice: period(s)] Chapter 29 Tutorial 12 Chapter 29: The Monetary System [Practice: Lecture Tutorial Lecture Tutorial Textbook Textbook Textbook, Instructor Manual Quiz Preparation FYI (textbook, 6th Ed): Why Credit Cards Aren’t Money? on page 624 Case Study (textbook, 6th Ed): Where Is All the Currency? on page 624 Textbook, Instructor Manual Case Study Textbook, CMS Problems and Applications (textbook, 6th Ed): 1, 3, 4, on pages 641-642 Textbook, CMS In The News: (textbook, 6th Ed): 12/20 period(s)] Chapter 30 11/3 13 Group Topic Finalization Chapter 30: Money Growth and Inflation Chapter 30 Chapter Chapter Chapter 31 04.02e-BM/DH/HDCV/FU 1/2 12/3 13/3 14/3 14/3 Lecture Textbook Chapter 30: Money Growth and Inflation [Practice: period(s)] Lecture Tutorial Textbook Textbook, Instructor Manual In The News (textbook, 6th Ed): Inflationary Threats on page 664 Chapter 3: Interdependence and the Gains from Trade Lecture Textbook Textbook, Instructor Manual 14 15 16 17 (textbook, 6th Ed): Bank Runs and the Money Supply on page 636 Textbook, Instructor Manual Case Study (textbook, 6th Ed): Money and Prices during Four Hyperinflations on page 652 FYI (textbook, 6th Ed): Hyperinflation in Zimbabwe on page 654 Chapter 3: Interdependence and the Gains from Trade [Practice: period(s)] Chapter 31: OpenEconomy Macroeconomics: Basic Concepts Lecture Tutorial Lecture Tutorial Textbook Textbook Textbook, Instructor Manual In The News (textbook, 6th Ed): The Changing Face of International Trade on page 59 Textbook, Instructor Manual Case Study (textbook, 6th Ed): Bernanke on the Fed’s Toolbox on page 638 Textbook, CMS Problems and Applications (textbook, 6th Ed): 2, 5, on page 667 Textbook, CMS Case Study (textbook, 6th Ed): The Wizard of Oz and the Free-Silver Debate on page 662 Textbook, CMS Problems and Applications (textbook, 6th Ed): 1, 2, on page 61 Textbook, CMS FYI (textbook, 6th Ed): The Legacy of Adam Smith and David Ricardo on page 57 Textbook, CMS Problems and Applications (textbook, 6th Ed): 13/20 [Practice: period(s)] Chapter 31 15/3 18 Submission of Individual Assignment Handout of Individual Assignment (Chapters 31, 32, 33, 34) Chapter 31: OpenEconomy Macroeconomics: Basic Concepts [Practice: period(s)] Chapter 32 Chapter 32 04.02e-BM/DH/HDCV/FU 1/2 18/3 19/3 19 20 Quiz (Chapters 26, 29, 30, 3) Review Review of Individual Assignment Chapter 32: A Macroeconomic Theory of the Open Economy [Practice: period(s)] Chapter 32: A Macroeconomic Lecture Tutorial Textbook Lecture Tutorial Textbook Lecture Tutorial Textbook The Increasing Openness of the US Economy Case Study (textbook, 6th Ed): Is the US Trade Deficit a National Problem? on page 680 Textbook, Instructor Manual IA3 Handout FYI (textbook, 6th Ed): The Euro on page 683 Case Study (textbook, 6th Ed): The Nominal Exchange Rate during a Hyperinflation on page 688 Case Study (textbook, 6th Ed): The Hamburger Standard on page 689 7, 8, 10 on page 87 Textbook, CMS IA2 Ready Quiz Preparation In The News (textbook, 6th Ed): Breaking Up the Chain of Production on page 674 Textbook, Instructor Manual Quiz Preparation Textbook, CMS Textbook, Instructor Manual Textbook, CMS Problems and 14/20 Theory of the Open Economy [Practice: period(s)] Chapter 32 20/3 21 Chapter 32: A Macroeconomic Theory of the Open Economy [Practice: period(s)] Chapter 33 Chapter 33 04.02e-BM/DH/HDCV/FU 1/2 21/3 21/3 22 23 Chapter 33: Aggregate Demand and Aggregate Supply [Practice: period(s)] Chapter 33: Aggregate Demand and Aggregate Supply [Practice: period(s)] Lecture Tutorial Lecture Tutorial Lecture Tutorial Textbook Textbook Textbook FYI (textbook, 6th Ed): Purchasing Power as a Special Case on page 700 FYI (textbook, 6th Ed): Disentangling Supply and Demand on page 704 Textbook, Instructor Manual Case Study (textbook, 6th Ed): Capital Flows from China on page 711 In The News (textbook, 6th Ed): Alternative Exchange-Rate Regimes on page 712 Textbook, Instructor Manual Textbook, Instructor Manual Case Study (textbook, 6th Ed): Two Big Shifts in Aggregate Demand: The Great Depression and the World War II on page 744 Case Study (textbook, 6th Ed): The Recession of Applications (textbook, 6th Ed): 2, 9, 10 on page 715 Textbook, CMS Textbook, CMS Problems and Applications (textbook, 6th Ed): 4, 7, 11 on page 755 Textbook, CMS In The News (textbook, 6th Ed): Modern Parallels to the Great Depression on page 746 FYI (textbook, 6th Ed): The Origins of the Model of Aggregate Demand and Aggregate Supply on page 751 15/20 2008-2009 on page 745 Case Study (textbook, 6th Ed): Oil and the Economy on page 750 Chapter 33 Chapter 34 22/3 25/3 24 Chapter 33: Aggregate Demand and Aggregate Supply [Practice: period(s)] 26/3 04.02e-BM/DH/HDCV/FU 1/2 27/3 Lecture Tutorial Textbook 26 Submission of Individual Assignment Chapter 34: The Influence of Monetary and Fiscal Policy on Aggregate Demand [Practice: period(s)] Course Review Textbook 25 Chapter 34: The Influence of Monetary and Fiscal Policy on Aggregate Demand [Practice: period(s)] Chapter 34 Lecture Tutorial 27 Quiz (Chapters 31, 32, 33, 34) – Review Lecture Tutorial Textbook Tutorial Preparation for Q&A Textbook, Instructor Manual Textbook, Instructor Manual FYI (textbook, 6th Ed): Interest Rates in the Long Run and the Short Run on page 762 FYI (textbook, 6th Ed): The Zero Lower Bound on page 766 Textbook, Instructor Manual Case Study (textbook, 6th Ed): How Fiscal Policy Might Affect Aggregate Supply on page 773 In The News (textbook, 6th Ed): How Large Is the Fiscal Multiplier? on page 776 Textbook, Instructor Manual Quiz Preparation Textbook, CMS Textbook, CMS Problems and Applications (textbook, 6th Ed): 3, 6, on pages 781-782 Textbook, CMS IA3 Ready Quiz Preparation Case Study (textbook, 6th Ed): Why the Fed Watches the Stock Market (and Vice Versa) on page 766 Textbook, CMS Self Review Preparation for 16/20 Course Review 28/3 28 Group Presentation 28/3 29 Group Presentation 29/3 30 04.02e-BM/DH/HDCV/FU 1/2 Review of Individual Assignment Submission of Group Assignment Course Review & Practice [Practice: period(s)] Course Review & Practice Tutorial Preparation for Q&A [Practice: period(s)] Presentation of Group Assignment Preparation for Group Tutorial [Practice: Presentation period(s)] Presentation of Group Assignment Preparation for Group Tutorial [Practice: Presentation period(s)] FINAL EXAM Final Exam Textbook, Instructor Manual Group Reports and Slides Group Reports and Slides Textbook, CMS Self Review Preparation for Final Exam Textbook, CMS Self Review Preparation for Final Exam Textbook, CMS Self Review Preparation for Final Exam 17/20 4) Training activities: a) Class-based activities: about 90 minutes every slot / slots per week b) Self-study: at least hours per day c) Consultation: For students who prefer one-on-one consultation, instructors are encouraged to have convenient time on a regular basis for students to meet their instructors Alternatively, students can also email them 5) Usage of Information Technology in/during the course a) Provide information or offline materials or CMS b) Use online materials (Students will be given materials when required by lessons or group presentations) c) Information exchanges between lecturers and students (Assignment submission, marking, comment…) 6) Soft skills and personal development throughout the course a) Presentation skills: Students will be given presentation on Group assignment and will be encouraged to present ideas and findings in the class b) Team work skills: Students will be exposed to small group work for their Group assignment and some in-class activities c) Other skills: Reading, writing, self-study, communication skills, time management skills, leadership skills, and oratory skills d) Content for personal development: Planning, Problem solving and Decision making, Motivation, etc 7) Assessment Scheme: a) Class participation and in-class activities (CP): Week or date: through out the course Total weight: 14% Structure: Participation scores will be given based on students' class attendance, preparation, quantity as well as quality of participation in classroom; quality of participation is demonstrated through asking relevant questions, making statements that add to and facilitate class discussions, and building upon others’ comments Each student should make at least individual presentation during the course in front of the class Topics will be varied based on the topics in the textbook In addition, students are required to exercises and other activities b) Individual assignments (IA): Week or date: submission in slots 10, 18, 26 Total weight: 15% (5% each) Structure: In some particular sessions, homework assignments will be given to students The exercises in these assignments will cover subjects from the session when the previous assignment is handed Students are required to individually at home and submit to the instructor according to the deadlines Coverage of Individual Assignment is chapters 23, 24, 28, and 25 Coverage of Individual Assignment is chapters 26, 29, 30, and Coverage of Individual Assignment is 31, 32, 33, and 34 Specific content of each individual assignment is subject to the instructor's decisions Questions can either be theoretical analysis, computational exercises, or case analysis All assignments should be typed and double-spaced with 11-point font, and must be submitted in pdf file A deduction of 10% of the assignment mark will be applied for each day of late submission 04.02e-BM/DH/HDCV/FU 1/2 18/20 Part c) Quizzes (QZ): Week or date: there are quizzes in slots 11, 19, 27 Total weight: 21% (7% each) Structure: Weigh Time Type Instruct Submit Marker Content t Multiple 100% 15 m No choice supporting materials Question No of Mark question Computer Computer All chapters 15 covered after the previous quiz Total Total 10 10 100% 15 m d) Group assignment (GA): Week or date: submission in slot 27, presentation in slot 29 and 30 Total weight: 20% Structure: Students will be divided into 4-6 groups in the first session Students could join some in-class activities as members of those groups Each group will be assigned one topic, or will choose one topic subject to the instructor's approval, which is related to current economic issues in the real world Students need to apply all comprehensive knowledge of macroeconomics to explain and analyze those issues This group presentation will test critical thinking and skills of applying macroeconomic theory to explain and predict the economic phenomena in the real world One suggestion for the group presentation is to give students some current economic issues such as inflation, exchange rates, effective of macroeconomic policies, etc and ask students to identify the dynamics as well as the causes of such issues Students could be also asked to propose some policy implications The slides in pdf format and written report of the presentation must be sent to the instructor in advance A deduction of 10% of the presentation mark will be applied for each day of late submission Each group presentation will take place in appx 15 minutes The Q&A session will be followed for about 10 minutes Presentations will be evaluated by both the instructor (75%) and peers (25%) Part e) Final Examination (FE): Date: after 30 slots Total weight: 30% Structure: Weigh Time Type Instruct Submit t Multiple 40% choice 25 m No supporting materials Marker Content Computer Computer All chapters covered in class Total 04.02e-BM/DH/HDCV/FU 1/2 19/20 Question No of Mark question 25 0.16 each computati 60% on exercises 35 m No supporting materials; use simple calculator Paper Teacher Three chapters covered in class 2.0 each Total Total 10 100% 60 m f) Final result (FR): FR = 0.14 CP + 0.15 IA + 0.21 QZ + 0.2 GA + 0.3 FE g) Completion criteria: FR >= AND FE >= Note: Every on-going assessment component > If the mid-term test = 0, students have a chance to redo and get 80% of the result 8) List of attending lecturers: 8) List of attending lecturers: No Name Nguyễn Thành Tâm Teaching Role Main instructor Contact tamnt@fpt.edu.vn Approved by: (Campus Director) Considered by: (Academic Division) Built by: (Academic Department) Name: Ta Ngoc Cau Date: Sep 2015 Name: Phan Truong Lam Date: Sep 2015 Name: Nguyen Thanh Tam Date: Sep 2015 04.02e-BM/DH/HDCV/FU 1/2 20/20 ... etc 7) Assessment Scheme: a) Class participation and in-class activities (CP): Week or date: through out the course Total weight: 14% Structure: Participation scores will be given based on students'... students' class attendance, preparation, quantity as well as quality of participation in classroom; quality of participation is demonstrated through asking relevant questions, making statements... Individual Assignment Handout of Individual Assignment (Chapters 31, 32, 33, 34) Chapter 31: OpenEconomy Macroeconomics: Basic Concepts [Practice: period(s)] 10 Chapter 32 18/3 19 10 Chapter 32 10 04.02e-BM/DH/HDCV/FU