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    Principles of Macroeconomics: Course Descriptor

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    mahnoor javaid
    This document provides information about the Principles of Macroeconomics course (ECONO2013). It is a 3 credit hour core course for the BBA program with 2 lectures per week. The course introduces students to basic macroeconomic principles like national income, employment, inflation, and exchange rates. The objectives are for students to understand key macroeconomic variables, models, and policies. Assessment includes quizzes, exams, assignments, and a project. The course content is delivered over 17 lectures covering topics such as GDP, inflation, monetary and fiscal policy. Recommended textbooks are listed.

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    Principles of Macroeconomics: Course Descriptor

    Uploaded by

    mahnoor javaid
    127 views5 pages
    This document provides information about the Principles of Macroeconomics course (ECONO2013). It is a 3 credit hour core course for the BBA program with 2 lectures per week. The course introduces students to basic macroeconomic principles like national income, employment, inflation, and exchange rates. The objectives are for students to understand key macroeconomic variables, models, and policies. Assessment includes quizzes, exams, assignments, and a project. The course content is delivered over 17 lectures covering topics such as GDP, inflation, monetary and fiscal policy. Recommended textbooks are listed.

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    ECO_Macroeconomics

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    This document provides information about the Principles of Macroeconomics course (ECONO2013). It is a 3 credit hour core course for the BBA program with 2 lectures per week. The course introduces students to basic macroeconomic principles like national income, employment, inflation, and exchange rates. The objectives are for students to understand key macroeconomic variables, models, and policies. Assessment includes quizzes, exams, assignments, and a project. The course content is delivered over 17 lectures covering topics such as GDP, inflation, monetary and fiscal policy. Recommended textbooks are listed.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    127 views5 pages

    Principles of Macroeconomics: Course Descriptor

    Uploaded by

    mahnoor javaid
    This document provides information about the Principles of Macroeconomics course (ECONO2013). It is a 3 credit hour core course for the BBA program with 2 lectures per week. The course introduces students to basic macroeconomic principles like national income, employment, inflation, and exchange rates. The objectives are for students to understand key macroeconomic variables, models, and policies. Assessment includes quizzes, exams, assignments, and a project. The course content is delivered over 17 lectures covering topics such as GDP, inflation, monetary and fiscal policy. Recommended textbooks are listed.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 5

    COURSE BASICS

    Course Code ECONO2013


    Credit Hours 3
    Lectures [No. of Lec(s) Per Week] 2 Duration 1:30 Hours
    Lab Sessions

    Course Descriptor
    PRINCIPLES OF MACROECONOMICS

    COURSE DISTRIBUTION
    Program(s) Attached To BBA
    Core / Elective Core
    Course Pre-requisites None

    COURSE DESCRIPTION
    Macroeconomics is by definition a branch of economics which investigates the relationship among
    Macroeconomics variables, such as national product, total employment, the monetary aggregate, the
    general price and the like. It is contrasted with Microeconomics which describes optimizing decisions of
    individual economic agents and the way they are balanced with each other in a vast number of markets for
    goods and services.

    COURSE OBJECTIVES
    The aim of this course is to introduce business students to the basic principles of macroeconomics.
    Emphasis is placed on basic principles involved in the determination of the level of national output, the
    aggregate price level, and the supply of money, national income and its determination, consumption,
    savings and investments, demand and supply of money, aggregate demand and supply, price fluctuations,
    employment and international trade. Alternative explanations of key macroeconomic problems and
    relevant economic policies are compared. The theoretical concepts are illustrated from a range of Pakistani
    and international applications.

    LEARNING OUTCOMES
    By the end of this course it is expected that the student will:
    1. Know the basic principles of Macroeconomics.
    2. Have some knowledge of competing theories.
    3. Be familiar with key Macroeconomic variables and the measurement of such variables.
    4. Be able to recognize the relationships among the following variables: national income,
    unemployment, budget deficit, money supply, interest rate, inflation rate, exchange rate and trade
    deficit.
    5. Be able to understand a simple Macroeconomics model based on aggregate demand and aggregate
    supply.
    6. Be able to understand the implications of international trade and capital movements for
    Macroeconomic aggregates in a small open economy.
    7. Be able to understand how
    government policies affect
    Macroeconomic outcomes and the current debated about the choice of appropriate policies.

    BBA PROGRAM OBJECTIVES

    1. Equip students with a variety of organizing, planning, controlling, team-building and communicating skills necessary to effectively
    manage and lead organizations in diverse and dynamic environments
    2. Provide students with an understanding of contemporary social, economic and political realities which impact the business
    environment in Pakistan as well as globally
    3. Nurture problem analysis and decision making skills required for handling challenges faced by modern businesses. Students will be
    imparted sustaining potential through development of management knowledge and skills
    4. Maintain an industry driven blend between theory and practical application in teaching
    5. Integrate knowledge of the functional areas of business and funnel into a coherent strategic whole to enable students see
    management problems in a holistic perspective
    6. Ability to design and propose effective policies for value creation through core business processes of any organization
    7. Encourage ‘out of box’ thinking and novel solution finding for conventional and non-conventional problems in management
    domain
    8. Demonstrate an awareness of the ethical considerations and social responsibilities in the conduct of business. Graduates will be
    able to evaluate community responsibilities in organizations and society and propose innovative solutions to complex issues faced
    by organizations in the pretext of local value system
    9. Improve interpersonal skills required for effective teamwork and developing cordial work environments. Nourish leadership and
    initiative taking capabilities coupled with written and oral competencies to enrich managerial effectiveness.
    10. Equip students with quantitative and qualitative tools to identify potential business opportunities and successfully materialize new
    entrepreneurial ventures.

    Map if course objectives or outcomes specifically relate to any program objectives (along with corresponding assessment item):

    PROGRAM OBJECTIVES (COURSE) LEARNING OUTCOMES COURSE ASSESSMENT ITEM


    PO2 LO1, 2 Quiz, Assignments
    PO3 LO1,3 Mid-term Exam
    PO4 LO4 Final-term Exam
    PO5 LO5 Project Presentation
    PO9 LO6 Class Participation
    PO10 LO7

    ASSESSMENT STRUCTURE
    Assessment Items Percentage
    Quiz(s) 10%
    Assignments(s) 10%
    Class Participation 05%
    Midterm Examination 30%
    Final Examination 40%
    Project/Presentation 05%
    Other(s)

    Any specific teaching/learning strategies:


    COURSE CONTENT AND DELIVERY PLAN
    Lecture Topics Application (Learning Outcomes achieved through this topic)
    A first look at Macroeconomics: LO1
    1 Review of basic macroeconomic
    concepts and their measurement
    National Income Accounts: LO2

    2
    How to measure GDP growth?
    Difference between Real versus
    Nominal GDP
    Measuring the cost of living: What LO3

    3
    is CPI and how it is measured?
    Comparison of CPI and GDP
    deflator.
    Economic Growth and LO3,4
    Productivity: Determinants of
    4 productivity and growth
    Differences between growth and
    development.
    Economic Growth and LO3,4
    Productivity: Determinants of
    5 productivity and growth.
    Differences between growth and
    development.
    Labor Markets and Unemployment: LO4
    Introduction to different labor
    6 market indicators.
    What are different types of
    unemployment rate?
    Saving Investment and Financial LO4
    System: Introduction to Financial
    7
    Institutions, market for loanable
    funds. Analysis of different policy
    actions on market for loanable
    funds.
    Saving Investment and Financial LO4
    System: Introduction to Financial
    8 Institutions, market for loanable
    funds. Analysis of basic tools of
    finance.
    9 Money and Banking: Introduction LO5
    to different kinds of money and
    functions of money.
    Central bank
    and Monetary Control: Role of LO5
    Central bank and Money Supply.
    10
    Analysis of different tools of
    monetary control.

    Money Growth and Inflation: What LO5


    11
    is Quantity Theory of Money?
    Introduction to concepts of money
    neutrality and Fisher Effect.
    Inflation: Introduction to concept of LO5
    12
    inflation and deflation. Different
    types of inflation and costs of
    inflation.
    The Open Economy: Introduction LO5
    to the concept of International
    13 flows of goods and financial
    resources. Familiarity with Balance
    of Payment Accounting.
    Exchange Rates: Introduction to LO6
    various exchange rates systems.
    Knowledge of basic concepts i.e.
    14
    nominal versus real exchange rate,
    appreciation and depreciation and
    purchasing power parity.
    Calculation of the real Exchange
    Rate.
    Business Cycles: Introduction to LO6

    15
    business cycles and their phases.
    Theoretical analysis of business
    cycles.
    Aggregate Demand and Aggregate LO5,6
    Supply: Introduction and evaluation
    16
    of aggregate supply and aggregate
    demand concepts.
    Analysis of factors responsible for
    shifts in AD & AS.
    Fiscal Policy, Monetary Policy and LO7
    Aggregate Demand: What are the
    17
    Implications of expansionary fiscal
    and monetary policies for aggregate
    demand? Introduction to crowding
    out effect and automatic stabilizers.
    LEARNING RESOURCES
    Books:

    Principles of Macroeconomics(6thEdition) by N.G Mankiw (PME)


    Macroeconomics (6 thEdition) by Abel and Bernanke (A&B)

    Macroeconomics (7 th Edition) by Mankiw (ME)

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