SCHOOL OF BUSINESS AND ECONOMICS

DEPARTMENT OF ECONOMICS

Course Name:
Introduction to Macroeconomics
Course Code
& Section No: ECO 104, Sections 8, 10 & 22

Semester: Summer 2023

INSTRUCTOR AND DEPARTMENT INFORMATION

1. Instructor Name: Nazneen Imam
2. Office Room NAC 822
3. Office Hours: TBA
4. Office Phone: +880255668200 ext. 1808
5. Email Address: nazneen.imam@northsouth.edu
When emailing me, at the end of the message, include your full name and student ID#. The subject
should always read: “ECO 104” and a brief description of the topic(s) to be discussed in the main
body such as “appointment”, “missed class” etc.
6. Department: Economics
7. Important Links: Canvas: http://www.northsouth.edu/canvas/
Dept. of Economics Website: http://www.northsouth.edu/economics

COURSE INFORMATION
Class Time & Location Section 8: RA 08:00 am - 09:15 am; NAC 408
Section 10: RA 09:25 am – 10:40 am; NAC 408
Section 22: RA 10:50 am - 12:05 pm; NAC 408
Course Prerequisite(s) None

Course Credit Hours 3.0

Course Description The course introduces the principles of macroeconomic analysis, its analytical methods with
current institutional and empirical issues. It familiarizes students with basic macroeconomic
concepts such as prices and unemployment, nominal and real GDP, aggregate demand and
aggregate supply. The course covers topics such as Classical Macroeconomics and the Self-
Regulating Economy; Keynesian Macroeconomics and Economic Instability; Fiscal Policy and the
Federal Budget; Money, Banking and the Financial System; Money and the Economy; and
monetary policy. It also provides introductory accounts of economic growth and international
trade.
Course Objectives The objectives of this course are to introduce key macroeconomic concepts to students and equip
them with useful analytical tools so that they learn how to think about broad economic problems.

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 Student Learning By successfully completing this course, students should be able to:
Outcomes
1. Compute and explain the basics of the major macroeconomic measures such as GDP, real GDP,
unemployment and inflation.
2. Apply both aggregate demand/supply and aggregate expenditure analyses to determine
aggregate output.
3. Understand the basic mechanisms of and key differences between the framework of self-
regulating economy and the framework that argues in favor of government intervention.
4. Evaluate the role of fiscal and monetary policy in bringing about changes to aggregate output
and price level.
5. Explain the key factors that lead to economic growth and how these factors affect growth.

TEXT BOOK (S)

Required Text:
 Arnold, Roger A. 2019. Macroeconomics. 13th Edition. Cengage Learning. [A]
Supplementary Texts:
 Dornbusch, R., Fischer, S. & Startz, R. 2011. Macroeconomics. 11th Edition. McGraw-Hill. [DFS]
 Mankiw, N. Gregory. 2017. Principles of Macroeconomics, 8th Edition, Cengage Learning. [M]
 Parkin, Michael. 2014. Economics (Chapters 21-31). 11th Edition. Pearson - Global Edition. [P]

TEACHING STRATEGY
For each topic, I will prepare lecture slides that the students can download from the Canvas. During lectures, I will use these
slides to explain the topics in as much detail as possible. I will often present additional materials that will not be in the
lecture slides and therefore, students are expected to take notes to supplement the lecture slides. Students are encouraged to
ask questions and participate actively in class. The tentative lecture plan is given below:
Lecture Date Day Topic Relevant
No. Chapters
1 20.07 Saturday Introduction & General Discussion -

2 22.07 Thursday What Economics is about A: 1

3 27.07 Thursday What Economics is about A: 1

4 03.08 Thursday Supply and Demand: Theory A: 3

5 05.08 Saturday Supply and Demand: Theory A: 3

6 10.08 Thursday Macroeconomic Measurements, Part II: GDP and Real GDP A: 7

7 12.08 Saturday Macroeconomic Measurements, Part II: GDP and Real GDP A: 7

8 17.08 Thursday Quiz 1+ Macroeconomic Measurements, Part II: GDP and Real A: 7
GDP
9 19.08 Saturday Macroeconomic Measurements, Part I: Prices and Unemployment A: 6
10 24.08 Thursday Macroeconomic Measurements, Part I: Prices and Unemployment A: 6
11 26.08 Saturday Aggregate Demand and Aggregate Supply A: 8

12 31.08 Thursday Aggregate Demand and Aggregate Supply A: 8

13 02.09 Saturday Classical Macroeconomics and the Self-Regulating Economy A: 9

14 07.09 Thursday Midterm 1 Chs. A: 1, 3, 6,

7, 8
15 09.09 Saturday Keynesian Macroeconomics and Economic Instability DFS: 9

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16 14.09 Thursday Keynesian Macroeconomics and Economic Instability DFS: 9

17 16.09 Saturday Keynesian Macroeconomics and Economic Instability DFS: 9

18 21.09 Thursday Quiz 2 + Fiscal Policy and the Government Budget A: 11

19 23.09 Saturday Fiscal Policy and the Government Budget A: 11

20 30.09 Saturday Midterm 2 Chs. A: 9, 11,

DFS: 9
21 05.10 Thursday Money, Banking and the Financial System A:12

22 07.10 Saturday Money, Banking and the Financial System A:12

23 12.10 Thursday Central Banking A:13

24 14.10 Saturday Central Banking A:13

25 19.10 Thursday Money and the Economy A:14

26 21.10 Saturday Quiz 3 +Money and the Economy A:14

27 26.10 Thursday Monetary Policy A:15

28 28.10 Saturday Monetary Policy A:15

29 02.11 Thursday Economic Growth A: 17

Final Exam Final Exam Syllabus: Chs. A: 12, 13, 14, 15, 17

Note: The instructor reserves the right to make changes to the course outline as well as the syllabus if necessary.
EXAM SYLLABUSES

Quiz 1: TBA
Midterm 1: Chs. A: 1, 3, 6, 7, 8
Quiz 2: TBA
Midterm 2: Chs. A: 9, 11; DFS: 9
Quiz 3: TBA
Final Exam: Chs. A:12, 13, 14, 15, 17

EVALUATION CRITERIA
The weights on each component of the overall course grade are as follows:
ASSESSMENT STRATEGY AND GRADING SCHEME

Grading tool % contributing towards the final score

Attendance 5%
Classwork/Homework 10%
Quiz 10%
Exam 1 25%
Exam 2 25%
Final 25%
Total 100%

GRADING POLICY

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Grades will be assigned according to NSU grading policy. However, grading will also depend on the performance of the
whole class.
ATTENDANCE POLICY
5% of the final score has been assigned to attendance. This is to give the students an additional incentive to attend classes
since attending lectures is of paramount importance if one wants to do well in this course. Just by attending all classes, a
student can obtain these points. If a student is not present in the class, the student WILL NOT get this point. No point will
be deducted if a student misses only one class. After that, for each class one misses, 1/2 point (that is 0.5% of the final
score) will be deducted. For example, if a student misses 3 classes, s/he will receive 4/5 for attendance; if a student misses 5
classes, s/he will receive 3/5 for attendance and so on.

Students are expected to arrive at the lectures on time and stay for the full lecture time. Walking in late disrupts the class
and creates a negative externality (impact) on your classmates and me. One way to deal with negative externalities is to
impose penalties (cost) on such activities to reduce the demand for such actions. Consequently, should I feel that tardiness is
becoming a problem, I may increase the cost of being sluggish.

The purpose of these policies is to create a fair learning environment and, at the same time, give you the flexibility to make
utility maximizing decisions with regards to your preferences for studying, sleeping, working, socializing etc. This
environment makes you responsible for your actions. I will not subsidize the costs of your decisions. If you want an
academic environment in which the instructor subsidizes the costs of your decisions or feel you should be treated
differently, or judged according to different academic standards than your classmates, then this section is not for you.

POLICY ABOUT MAKE-UP EXAMS

There will be no make-up quizzes. Make-up examination will be feasible only in cases of documented illness or extreme
personal emergencies. Students with such cases will be allowed to take a make-up examination only for one of the midterms
i.e. if anyone misses both the midterms, s/he will be assigned zero in one of those.

CLASSROOM RULES OF CONDUCT

A student can use her/his laptop in the class for class related work, e.g., taking notes. Use of laptop for non-class related
work or in any manner that will be distracting to other students or the instructor is strictly prohibited. Students should keep
all their communication devices (such as mobile devices, pagers, iPods, beepers etc.) turned off during the class. In case of
extraordinary circumstances, if someone needs to use such devices, then s/he should go outside of the classroom.

COMMUNICATION POLICY

All communications outside of the classroom or of office hours should take place via my official email (listed above).
Announcements made in the class will override any statement made in the course outline. It is your responsibility to be
aware of any announcement(s) made in the classroom.

ACADEMIC INTEGRITY POLICY

School of Business does not tolerate academic dishonesty by its students. At a minimum, students must not be involved in
cheating, copyright infringement, submitting the same work in multiple courses, significant collaboration with other
individuals outside of sanctioned group activities, and fabrications. Students are advised that violations of the Student
Integrity Code will be treated seriously, with special attention given to repeated offences. For details, refer to NSU Code of
Conduct for Students (http://www.northsouth.edu/newassets/images/proctor/NSU%20COC-English-May18-2021.pdf)

APPROPRIATE USE POLICY

All members of the North South University community must use electronic communications in a responsible manner. The
University may restrict the use of its computers and network systems for electronic communications subject to violations of
university policies/codes or local laws or national laws. Also, the university reserves the right to limit access to its networks
through university-owned or other computers, and to remove or limit access to material posted on university-owned
computers.
Wish you all the best. Let’s hope to have a wonderful semester!!
have a wonderful semester!!

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