COURSE OUTLINE

MKT 207: MACROECONOMICS

BATCH: MKT 11th [2nd Year, 2nd Semester]

Course Description
This course is designed to introduce the students with macroeconomic theory and policy. It
provides a framework in which the interaction of labor, money, and goods and services markets
can be developed, allowing students to understand the process by which the levels of economic
activity, employment and rates of interest are jointly determined. The framework is then used to
examine how the policies set by the central bank and the government affect the economy.

Course Objectives
This course aims to develop an understanding of how various markets interact to determine
aggregate outcomes such as total production of goods and services and aggregate employment, as
well as the determination of prices, inflation rates and interest rates. In addition, it will help to
develop students’ abilities to construct and sustain an argument using the phrases and concepts
that economists use.

Learning Outcomes
On successful completion of this course, students will be able to:
 Describe the nature of scarcity and its implications for decision making,
 Define and measure national income, rates of unemployment, and inflation,
 Explain how fiscal and monetary policies are used to achieve macroeconomic goals,
 Explain and articulate the concepts of aggregate demand and aggregate supply,
 Apply macroeconomic reasoning to understand current events, and
 Formulate and assess macroeconomic policy suggestions.

Academic Honesty
I don’t expect to encounter any instance of cheating in class. I take academic integrity very
seriously and there are significant consequences if you are caught cheating or engaging in
academic misconduct. Academic misconduct includes, but is not limited to, the followings:
 Copying any material from another student or from another source that is submitted for grading
unless the instructor gives explicit permission to do so. If material is copied all sources used
must be correctly cited.
 Using cell phones or other unauthorized aids to obtain outside information during an exam
without explicit permission from the instructor.
 Removing exam material from the classroom or faculty’s office without permission.
 Submitting own work in one class that was completed for another class.

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Course Conduct Methodology
o Class Lecture
o Class Discussion
o Case Study
o In-classes and off-the class assignment
o Term-paper
o Individual and Group Presentation

Course Assessment

Particulars Marks Distribution

Class Attendance 10%
Assignments/ Chapter Presentation (Individual/Group) 05%
Quizzes and Class Tests 05%
Mid Term Examinations 20%
Term Paper and Presentation (Individual/Group) 10%
Final Exam 50%
Total 100%

Text Book
 Principles of Macroeconomics, N. Gregory Mankiw, 8th Edition/ updated edition, Cengage
Learning

Reference Book

 Macroeconomics, Paul Krugman and Robin Wells, 4th Edition, Worth Publishers
 Principles of Macroeconomics, Steven A. Greenlaw and David Shapiro, 2nd Edition, OpenStax
 A Concise Guide to Macroeconomics-What Managers, Executives, and Students Need to
Know, David A. Moss, 2nd Edition, Harvard Business Review Press

FREE BOOKS DOWNLOAD SITE: https://z-lib.org/

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No. of Chapter Chapter Contents Reference Assignment/ Remarks
Class book CT/MID
schedule
01 Course  General instructions for the Mankiw
introduction course
Chapter 1-  Evaluation criteria; dos and
Ten Principles of don’ts of the course
Economics  How people make decisions
[Principle 1-4]
02 “  How people interact ”
[Principle 5-7]
03 “  How the economy as a whole “ Case: Adam
Chapter-6 work [Principle 8-10] Krugman Smith would
Macroeconomics:  The nature of & Wells have loved
The big picture macroeconomics UBER
 Macroeconomics: The whole
is greater than the sum of its Case: Fending
parts off depression
 Macroeconomics: theory and
policy
04 “  The business cycle: charting Krugman
the business cycle & Wells
 The pain of recession
 Taming the business cycle
 The causes of inflation and
deflation
 The pain of inflation and
deflation
05 Chapter 2-  First model: The circular- Mankiw
Thinking Like an flow diagram
Economist  Second model: The
production possibilities
frontier
06 Chapter 4:  Market and competition Mankiw Case: Two ways
The market forces  The demand curve: the to reduce the
of supply and relationship between price quantity of
demand and quantity demanded smoking
 Market demand vs individual demanded
demand
 Shifts of the demand curve
07 “  The supply curve: the “
relationship between price
and quantity supplied

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  Market supply vs individual
supply
 Shifts of the supply curve
08 “  Supply and demand together: “ Assignment Group task
Equilibrium 01
 Three steps to analyzing
changes in Equilibrium
09 Chapter 7-  Consumer surplus: “
Consumers, willingness to pay, using the
Producers, and the demand curve to measure
efficiency of consumer surplus, how a
markets lower price raises consumer
surplus, what does consumer
surplus measure?
10 “  Producer surplus- cost and “
the willingness to sell, using
the supply curve to measure
producer surplus, how a
higher price raises producer
surplus
 Market efficiency- the
benevolent social planner,
evaluating the market
equilibrium
11 Chapter 10-  The economy’s income and “
Measuring a expenditure
nation’s income  The measurement of GDP
 The components of GDP
12 “  Real vs nominal GDP “
 The GDP deflator
 Is GDP a good measure of
Economic Well-being
13 Chapter 11-  The consumer Price Index: “ Case:
Measuring the cost How the CPI is calculated, Monitoring
of living problems in measuring the inflation in the
cost of living Internet age
14 “  The GDP deflator vs the “
consumer price index
 Correcting economic
variables for the effects of
inflation
 Real vs nominal interest rates
15 Syllabus Chapters: 1,2,4,7 MID One MID
EXAM (20
Marks)

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16 Chapter 13-  Saving and investment in the “
Saving, national income accounts-
Investment, and key identities
the financial  The market for loanable
system funds- Policy 1,2, 3
17 Chapter 15-  Identifying unemployment “
Unemployment measures:
 Why some frictional
unemployment is inevitable?
 Union and collective
bargaining
 Theory of efficiency wages
18 Chapter 16- The  The functions of money “
monetary system  The simple case of 100
percent-reverse banking
 How the FED influences the
quantity of reserves
19 Chapter 17-  The classical theory of “
Money growth and inflation: the level of prices
Inflation and the value of money, the
effect of monetary injections,
the fisher effect
20 “  The costs of inflation- the “
inflation fallacy, shoe-leather
costs, inflation-induced tax
distortions
21 Presentation
22 Presentation
23 Presentation
24 Presentation
25 Presentation
26 Review Class Class Test 01 CR….

Course Teacher Details:

Sabakun Naher Shetu
Lecturer
Dept. of Marketing
Faculty of Business Studies, JU
Contact: +8801929120958
E-mail: sabakunshetu@juniv.edu