Father Saturnino Urios University

ARTS AND SCIENCES PROGRAM

Butuan City

Course Code: Econ 102

Course Title: Course Description: Macroeconomics
Course Description:
The course is a three-unit subject intended to provide the students with concepts macroeconomic issues, policies and
specific developmental problems confronting developing countries such as problems of employment and inflation,
poverty and inequality.
This subject tests the students’ conceptual knowledge and understanding of national income and product, income
policy and distribution, growth and development, banking system, monetary and fiscal policies, international monetary
system, international trade and economic development.

Course Outcomes:
At the end of the course, the student must have:
A. Examined the role of scarcity, specialization, opportunity cost and cost/benefit analysis in economic
decision making.
B. Solved national income, inflation, rates of unemployment and the problems caused by the cyclical
fluctuations in the market economy.
C. Analysed the process of money creation by the banking system and the role of the Central Banking
System.
D. Constructed the aggregate demand and aggregate supply model of the macro economy and use it to
illustrate macroeconomic problems and potential fiscal policy and monetary policy, and trade policy
solutions.
E. Explained the mechanics and institutions of international trade and their impact on the macro economy.
F. Analysed the sources and impact of economic growth and economic development. Submitted a critical
evaluation or reaction on current macroeconomic issues facing the different countries today.
Duration/Credits: 54 hrs/3 units; 1.5 hrs/meeting
Course Outline:
PRELIMINARY:

I. Nature of Macroeconomics
II. National Income Aggregates
III. Inflation

MIDTERM:
I. Level of Economic Activity
II. Investment: A Determinant of Income
III. Level of Investment

SEMI-FINAL:
I. Labor and Unemployment
II. Money and Monetary Policies

FINALS:
I. Fiscal Policy
II. Dynamic of Development

Course Requirements:
Major Examination Country Paper
Unit Quizzes Country Paper Presentation