HANOI UNIVERSITY

FACULTY OF MANAGEMENT AND TOURISM

Subject Outline
MACROECONOMICS
ECO 304

Spring 2021
Subject Details
Subject name Macroeconomics

Units of credit 5

Study length 15 weeks

Prerequisite / Co-requisite Microeconomics

Suggested study commitment Approximately 5 hours per week

Academic Year 2nd Term, Academic Year 2020-2021

Dr. Vu Viet Dung, PhD (Lecturer & Tutor)

Ms. Le Thi Thu Trang, MBA (Lecturer & Tutor)
Mr. Nguyen Ngoc Hieu, MsC (Tutor)
Subject Coordinator/ Lecturer
Ms. Nguyen Huu Thi Thuy Duong, MBA (Tutor)
Ms. Nguyen Thu Trang, MBA (Coordinator, Lecturer & Tutor)

FMT Office:
R. 201, Building C
Contact details
Tel: (024) 35533560
Ms. Nguyen Thu Trang: nguyentrang@hanu.edu.vn

The subject outline contains important information. Please ensure that you read it carefully. It is
also strongly recommended that you keep this copy of your subject outline for future reference.

Subject aim/rationales
This subject aims to introduce students to the study of the economy as a whole and to the economic
way of thinking. It provides the students with macroeconomic concepts, basic models and the
institutional policy framework so they could identify and analyze macroeconomic problems and
justify policy responses to those problems.

Subject Objectives
Upon completion of this subject, students are expected to be able to
 understand and explain contemporary macroeconomic theories at primary level.

II
  explore and analyze the major macroeconomic problems and policies of the late 1990s and
the 21st century.
 understand and analyze the policies for solving unemployment and inflation problems
 explain how fluctuations in the business cycle can have an impact on Gross Domestic
Products (GDP), interest rates, exchange rates, inflation rates, unemployment rates and
budget.
 understand the working of fiscal policies, monetary policies, and international trade
policies.
 explain the open-economy macroeconomics.

Subject Structure
The structure of this subject for on-campus students comprises:
 One 110-minute lecture per week
 One 110-minute tutorial per week

Prescribed Textbook
Mankiw, N. G., 2015, Principles of Economics (Macroeconomics), Seventh Edition, International
Mankiw, N. G., 2015, Principles of Macroeconomics, Seventh Edition, South-Western.

References
Frase, I. et al, 2003, Economics for Business, 2ed., McGraw – Hill Book Company Australia Pty
Ltd.
Mc Targgart, D. et tal, 2000, Macroeconomics, 3ed., Addison – Wesley.

The lecture handouts, which is required reading, will support your learning macroeconomic tools
taught in class. These will mostly come from the Mankiw textbook. However, Mankiw textbook,
and other references are recommended reading, which means we are not testing for anything in
these textbooks that we do not cover in class. Anyway, most of you will find the textbook helpful to
supplement the subject outlines, especially where you find the outline challenging, or who want
more details.

Other readings:
The Economist
Economic Times
The Asian Wall Street Journal
Vietnam Economic Times
Vietnam Investment Review

III
You are encouraged to read online resources with relevant content about the world economic
situation, Vietnam economy and government economic policies.

Assessment
Assessment for the subject will be on the basis of:
Assessment
Weight Description Note
category
 Participation scores will be given based on
students' class attendance, preparation, quantity as well
as quality of participation at class; quality of
Class participation is demonstrated through asking relevant Required
10%
Participation questions, making statements that add to and facilitate
class discussions, and building upon others’ comments.
 Students whose attendance is less than 80% of time
are not allowed to participate in the Final Exam test.

Oral test organized in every tutorial class, based on tutorial  Required

Small test 10 %
exercises and learning materials

Oral test
Midterm Test 20%  Required
(Comprehensive exercises and/or short questions)

Group 10 % Students will be divided into groups of 4.  Required

Assignment The tutor will choose either of the 2 options:
Option 1:
Each group will be assigned one controversial topic which
is related to current economic issues in the real world.
Students need to apply all comprehensive knowledge of
microeconomics to explain and analyze those issues.
The submitted product includes:
1. A word report with at least 3000 words, structured
and coherent content, updated information and
data, relevant figures or picture (40% weighted)
2. Draft versions of the power point file for a 15
minutes presentation or a clip (within 5 to 10
minutes) to briefing show off your work. (40%
weighted)
After the group presentation or clip show, there are 10

IV
 minutes for Q&A (20% weighted)
Option 2:
Groups will join in such games as taboo, in which your
knowledge on economics should be adapted. (details will
be provided at the tutorial classes)
Multiple choice questions (40% weighted)
Fill in the blanks with your own words (no hint or
suggestion) (10%)
Final Exam 50% Exercises/essay questions: several short questions which  Required
can be divided into further sub-parts covering important
economic issues required the integration of acquired
knowledge and analysis skills (50% weighted)
Total 100%

V
VI
Proposed Weekly Schedule
Lecture
Start Textbook
Week Topics
Date Chapters

Chapters 1,
1 18 Jan Lecture 1: Introduction to Macroeconomics
Chapter 2

2 25 Jan Lecture 2: Measuring a National’s Income Chapter 23

3 1 Feb Lecture 3: Production and Growth Chapter 25

4 22 Feb Lecture 4: Unemployment Chapter 28

5 1 Mar REI Business Week (TBC)

6 8 Mar Lecture 5: Saving, Investment and the Financial System Chapter 26

7 15 Mar Lecture 6: The Monetary System Chapter 29

Chapter 24,
8 22 Mar Lecture 7: The Money Growth & Inflation
Chapter 30

9 29 Mar Midterm test

10 5 Apr Lecture 8: Aggregate Demand and Aggregate Supply Chapter 33

11 12 Apr Lecture 9: Monetary and Fiscal Policy Chapter 34

12 19 Apr Lecture 10: Open-Economy Macroeconomics Chapter 3

13 26 Apr Revision for Final exam All chapters

14 3 May Revision for Final Exam – Q&A All chapters

15 10 May Internal Assessment All chapters

VII
Tutorial classes

Start Textbook
Week Topics
Date Chapters

Tutorial class 1: Introduction to Macroeconomics Chapters 1,

1 25 Jan
Chapter 2

2 1 Feb Tutorial class 2: Measuring a National’s Income Chapter 23

3 22 Feb Tutorial class 3: Production and Growth Chapter 25

4 1 Mar REI Business Week (TBC)

5 8 Mar Tutorial class 4: Unemployment Chapter 28

Tutorial class 5: Saving, Investment and the Financial

6 15 Mar Chapter 26
System

7 22 Mar Tutorial class 6: The Monetary System Chapter 29

8 29 Mar Midterm test

Chapter 24,
9 5 Apr Tutorial class 7: The Money Growth & Inflation Chapter 30

10 12 Apr Tutorial class 8: Aggregate Demand and Aggregate Supply Chapter 33

11 19 Apr Tutorial class 9: Monetary and Fiscal Policy Chapter 34

12 26 Apr Tutorial class 10: Open-Economy Macroeconomics Chapter 3

13 3 May Revision for Final exam All chapters

14 10 May Group Presentation 1

15 17 May Group Presentation 2

VIII