Skip to content
Economics

ECO101: Macroeconomics


Class
Access code required
Enroll

About

This course is concerned with the behavior of the economy as a whole. Macroeconomics addresses the determination of the economy’s total output of goods and services (GDP), the growth of output, the determinants of the price level and the rate of inflation, the factors that determine employment ( and unemployment), the balance of payments, and exchange rates. Major topics discussed are the national economic issues and measure of performance, aggregate expenditure decisions, unemployment and inflation and the global environment.

MIRIAM COLLEGE
College of Business, Entrepreneurship and Accountancy
Business Administration Department
 

COURSE OUTLINE
1st Semester, SY 2009-2010
Instructor:  ­­­­­­Noel R. Buensuceso
 
 
Course Code:                          Eco 101
 
Course Title:                           Macroeconomics
 
Course Description:
This course is concerned with the behavior of the economy as a whole. Macroeconomics addresses the determination of the economy’s total output of goods and services (GDP), the growth of output, the determinants of the price level and the rate of inflation, the factors that determine employment ( and unemployment), the balance of payments, and exchange rates. Major topics discussed are the national economic issues and measure of performance, aggregate expenditure decisions, unemployment and inflation and the global environment.
 
Credit:                                    3 Units
 
Prerequisite:                           Eco -100
 
References:   
Case, Karl E. and Fair, Ray C., Principles of Economics. Prentice Hall International.
 
Course Objectives:
At the end of the course, the students are expected to:
Develop critical thinking skills and reasoning ability through class discussions, case studies, film showing, recitations and other class activities.
Recognize the necessity of conserving our natural resources.
Develop a sense of social responsibility.
Express their insights and thoughts freely and creatively on national economic policies and issues.
Construct economic graphs to analyze data.
Use case studies from which economic principles can be derived.
 
Course Content:
 
Week
Topic
Strategy/Methodology
Values
1
The Scope and Method of Economics
Lecture / Discussion
Promotion of General Welfare
2
The Economic Problem: Scarcity and Choice
 Discussion / Case Studies
Improve Quality of Life for all
3
Demand, Supply, and Market Equilibrium
Problem-Solving / Board Work/ Case Studies
Improve Quality of Life for all
4
The Price System, Demand and Supply, and Elasticity
Discussion / Case Studies
Conservation of Natural Resources
5
Measuring National Output and National Income
Discussion/ Case Studies
Conservation of Natural Resources
6
Long –Run and Short Run Concerns: Growth, Productivity, Unemployment and Inflation
 Discussion/ Case Studies
Recognition of the Private Sector
7
Aggregate Expenditure and Equilibrium Output
Discussion/ Case Studies
Recognition of the Private Sector
8
Preliminary Examination
Examination
Discipline
9
Fiscal Policy
Discussion / Case Studies
Concern for Others
10
Money Supply
Monetary Policy
Discussion / Case Studies
 Concern for Others
11
Aggregate Demand, Aggregate Supply, and Inflation
Discussion / Case Studies
Promotion of General Welfare and Pro-Filipino Family
12
The Labor Market
Discussion / Case Studies
Promotion of General Welfare
13
The Stock Market
Discussion / Case Studies
Promotion of General Welfare
14
International Trade, Comparative Advantage, Protectionism
Discussion / Case Studies
Concern for Others
15
Globalization
Discussion / Case Studies
Promotion of General Welfare
16
Wrap up
Discussion
Discipline
17
Final Examination
Written Test
Discipline
 
EXPECTATIONS FROM STUDENT:
 
The student’s responsibility is to come to each class prepared. She is also expected to take all examinations on the date scheduled. She should read the assigned problems prior to class. She is expected to attend each class and participate actively in the discussions.
 
ACADEMIC DISHONESTY
 
All students are expected to be academically honest. Cheating, lying and other forms of  unethical behavior will not be tolerated. Any student found guilty of cheating in examinations or plagiarism in submitted course requirements will receive an F or failure either in the course requirement or in the course. Plagiarism refers to the use of books, notes or other intellectual property without giving proper attribution to its author, or representing the work of another person as one’s own;  Cheating refers to securing help in a test; copying tests, assignments, reports or term papers; collaborating with other students during an examination or in preparing academic work; signing another student’s name on an attendance sheet; or otherwise practicing scholastic dishonesty.
 
COURSE REQUIREMENTS AND WEIGHTS:
 
            Assignments                          10%
            Active Class Participation    15%
            Quizzes(Average score)        15%
            Preliminary Exam               25%
            Final Exam                         35%
 
GRADING SYSTEM:
Score
 
Grade
Equivalent
Score
Grade
Equivalent
97-100
5
77-80
2.5
93-96
4.5
 73-76
2
89-92
4
69-72
1.5
85-88
3.5
65-68
1
81-84
3
Below 65
F
 
Consultation Hours:           10:30am-12nn WF, Student –Faculty Consultation Room