Macro Economics

Basic Macroeconomics
Macro/BMacro Course Orientation
by Mercy L. Cañal, c2019

Macro/BMacro
(Basic Macroeconomics)
 This 3-unit introductory course in Basic Macroeconomics is primarily designed

for students pursuing business courses.
 It introduces students to the different topics concerning the macro economy such as
national income determination, employment, price levels, monetary and fiscal policies,
taxation, international trade, and economic development.
 It creates awareness among students on how individual decisions affect the
aggregate so that they will make more socially responsible decisions.
 It also exposes them to pressing economic issues such as poverty, inflation,
recession, and unemployment that need proper, sincere and honest government
interventions.
 At the end of the semester, students will be asked to create an economic agenda
that they think will boost the economic standing of the country (province, city)
concerning its present state. It should be able to cover current economic issues
and make recommendations that incorporate sound economic policies.
 Prerequisite: BMicro (Basic Microeconomics)

Desired Learning Outcomes
 Critically analyze how the entire economic system operates

and how it is affected by the decisions of each component of
the macroeconomy, so that they may be able to create sound
decisions that promote over-all economic welfare. (CRITICAL
THINKING AND PROBLEM SOLVING, SOCIAL
RESPONSIBILITY)
 Convey ideas clearly in English through active participation in
class presentations and discussions and through quality written
assignments (EFFECTIVE COMMUNICATION SKILLS,
COMPETENCY STANDARDS)

 Demonstrate the ability to access, retrieve, use and publicly
disseminate information responsibly using traditional and new
media and information and communications technology
through the course’s online assignments and presentation
requirements (INFORMATION, MEDIA & TECHNOLOGY
SKILLS, COMPETENCY STANDARDS)

 Develop the ability to create sound economic policies that will
address the socio-economic issues/ concerns of society and
address the needs of many, especially those who have the least
in life. (SOCIAL RESPONSIBILITY, EFFECTIVE
COMMUNICATION & COLLABORATION, LIFE & CAREER
SKILLS)

Content
(Pls. download school calendar from https://www.usls.edu.ph/Registrar )
 Prelim
 Thinking Like An Economist
 Introduction to Macroeconomics
 The Development of Economic Thought
 Midterm
 Macroeconomic Variables
 National Income Determination
 Money, Money Supply and Monetary Policy
 Fiscal Policy
 Endterm
 Development, Poverty and Growth
 Special Topic: ASEAN Economic Integration

Course Requirements
 Active participation in class and group activities

 Homework, seatwork, quizzes and term exams
 Individual and group reports (oral and written)
 Reflection/ critique papers
 Group project policy paper

Values
Manifested in Classroom
Values Behavior
 Honesty/integrity  Punctuality; no going in-out when class
is in session
 respect for self
 One person speaks at a time
 respect for others
 Take responsibility for missed
 responsibility for one’s attendance check/ sessions/
decisions and actions assignments (only HW can be made
up for with penalty deductions); check
egroup at least every weekend
 Express your best!
 A passion for and  Intellectual honesty; cite references if
commitment to excellence ideas are not own
 Fairness/transparency  When in doubt, ASK! Never assume!
 Set appointments for consultation

Evaluation & assistance

Grading Criteria and Policy
(Final Grade: 30% PLG + 30% MTG + 40% ETG)
 Criteria for Grading:

Class participation (CP) 10%
Assignments/Seat works / Reports/Projects 20%
Quizzes 40%
Term Exams 30%
100%
Exemption: 90% or better for Prelim and Midterm. Not

Average of both.

Consultation
 Yu An Log College of Business and Accountancy
(CBA) Faculty Office:
MWF
10:00 to 12:00nn
TTh
10:30am -12:00nn
4:00 – 5:30
 Email: m.canal@usls.edu.ph

Suggested Basic Resources
 Abel, A. B. (2011). Macroeconomics. Boston: Pearson.
 Blanchard, Olivier. (2011). Macroeconomic. Upper Saddle River, N. J.: Pearson
Prentice-Hall.
 Case, K. E. (2011). Principles of economics,Volume 2. Macroeconomics.
Singapore: Pearson Custom Pub.
 Case, Karl E. (2013). Principles of economics. Upper Saddle River, N. J.:
Prentice-Hall Pearson Education International.
 Gaffney, Mason. (2009). After the crash: Designing a depression-free economy.
 Hunt, E. K. (2011). History of Economic Thought: A Critical Perspective.
Armonk, N.Y.: M. E. Sharpe.
 Mankiw, G. N. (2011). Macroeconomics. Australia: South-Western, Cengage
Learning.
 Montiel, P. (2009). International macroeconomics. Chichester, U. K.; Malden, MA:
Wiley-Blackwell.
 Pagoso, C., Dinio R. and Villasis, D. (2009). Introductory Macroeconomics.Revised
ed. Manila: Rex Bookstore.
 Sandelin, Bo. (2008). A short history of economic thought. Abingdon, Oxon
(England); New Yori, New York: Routledge.
 Schiller, B. R. (2009). Essentials of Economics. Boston: McGraw-Hill/Irwin.

Macro Economics

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Basic Macroeconomics

Macro/BMacro Course Orientation

by Mercy L. Cañal, c2019

 This 3-unit introductory course in Basic Macroeconomics is primarily designed

by Mercy L. Cañal, c2019

 Critically analyze how the entire economic system operates

by Mercy L. Cañal, c2019

by Mercy L. Cañal, c2019

by Mercy L. Cañal, c2019

by Mercy L. Cañal, c2019

 Active participation in class and group activities

by Mercy L. Cañal, c2019

by Mercy L. Cañal, c2019

by Mercy L. Cañal, c2019

 Criteria for Grading:

Exemption: 90% or better for Prelim and Midterm. Not

by Mercy L. Cañal, c2019

by Mercy L. Cañal, c2019

by Mercy L. Cañal, c2019

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