BME1024 Introductory Macroeconomics Trimester 2, Session 2011/2012 Lecturers/Tutors:

Lecturer's Name Email Phone Lecturer's Name Email Phone Lecturer's Name Email Phone Lecturer's Name Email Phone Lecturer's Name Email Phone LEE HUAY HUAY hhlee@mmu.edu.my 06-2523031 MD. RAFIQUL ISLAM MOLLA rafiqul.islam@mmu.edu.my 06-2523092 ELSADIG MUSA AHMED elsadig.musa@mmu.edu.my 06-2523807 YEE CHIN NEE cnyee@mmu.edu.my 06-2523768 SANTHI RAMANATHAN santhi.ramanathan@mmu.edu.my

Status of Subject Credit Value Pre-Requisite Semester/Year offered

: Foundation : 3 Credit Hours : Nil : Beta (First) Year, Trimester 2

Objective of the course/module: This subject is designed to introduce students to the basic macroeconomic concepts, models, and tools; to equip students with understanding and necessary skills for economic analysis and application of policy alternatives to solve particular macroeconomic problems in an open economy. Synopsis: The subject introduces the basic macroeconomic concepts and issues, goals, and analysis of aggregate output, employment, government policies, money market, and external sector for measuring economic performance of a nation or region. Subject Learning Outcomes: At the completion of the subject, students should be able to explain about macroeconomic measurement and its basic concepts and purpose; to explain and apply macroeconomic models based on fiscal policy, money, banking and monetary policy; to relate international sector (exports and imports) with exchange rates and balance of payments.

Methods of Assessment: Assignment Test Final Exam Percentage 25% 25% 50%

Details of the Assignment (25%)

Title (example): Comment on one current macroeconomic issue such as unemployment Objectives: To assess students basic understanding of the concept of unemployment, problems and the policies to remedy it. Nature of assignment: Group assignment 1. Four Five students in a group 2. Length of the assignment about 5-6 pages Description: The assignment must contain the theory and discussion, conclusion and use of references and appendix. Page 1: Cover page Page 2: Introduction Page 3-4: Problems/Issues, policies, theory and discussion Page 5: Conclusion Page 6: References Appendix

LECTURE PLAN:
Week 1 2 3 4 5 6 7 8 9 10 11 12 13 14 Reference A&B A A&B B A A A A A A A A&B A&B Topic Course overview & L1: Measuring a nations income L2: Measuring the cost of living L3: Economic Growth & Business Cycle L4: The Aggregate Expenditure Model L5: The Monetary System L6: Money Growth and Inflation L7: Aggregate demand & aggregate supply L7: Aggregate demand & aggregate supply (continued) L8: The influence of monetary and fiscal policy on aggregate demand L9: The short-run trade-off between inflation and unemployment L10: Open-Economy Macroeconomics: Basic Concepts L11: A Macroeconomic theory of the open economy Revision Lesson 1 - 11 Students revision week Final Exam No tutorial in week 14 Remarks No tutorial in week 1 No tutorial in week 2 Tutorial 1 Tutorial 2 Tutorial 3 Tutorial 4 Tutorial 5 Tutorial 6 Tutorial 7 Tutorial 8 Tutorial 9 Tutorial 10

References/Textbook: (A) Mankiw, N.Gregory (2008). Principles of Economics, 6th ed. Thompson/South-western. (B) McConnell, C.R. & Stanley L. Bruce (2008). Economics: Principles, Problems & Policies. Boston: Irwin/McGrawHill.

Confirmation of group member

TRIMESTER 2, 2011/2012 SESSION

BME1024 Introductory Macroeconomics

Group Assignment (25 marks) This is to confirm that the names stated below are members of one group assignment. Group members Name G Leader 2 3 4 5 This is to inform that title to be selected from your options on first come first serve basis. Proposed titles: Option 1 Option 2 Option 3 ID number Signature

Coverpage for submission of group assignment

TRIMESTER 2, 2011/2012 SESSION

BME1024 Introductory Macroeconomics

Group Assignment (25 marks) Group members Name G Leader 2 3 4 5 ID Signature

Marking scheme: To be filled by the examiner

Marking scheme Format Discussion and use of tables/figures References English competency Total Reward for every member of the group with members from different background Reward for good leader Penalty (Failed to meet deadline, infringement of copyright, free rider problem, leadership problem etc) Marks allocated 5 10 5 5 25 +1 +2 To be decided Actual marks