Basic Macroeconomics

Macro/BMacro Course Orientation

by Mercy L. Cañal, c2019

 Macro/BMacro
(Basic Macroeconomics)

 This 3-unit introductory course in Basic Macroeconomics is primarily designed

for students pursuing business courses.
 It introduces students to the different topics concerning the macro economy such as
national income determination, employment, price levels, monetary and fiscal policies,
taxation, international trade, and economic development.
 It creates awareness among students on how individual decisions affect the
aggregate so that they will make more socially responsible decisions.
 It also exposes them to pressing economic issues such as poverty, inflation,
recession, and unemployment that need proper, sincere and honest government
interventions.
 At the end of the semester, students will be asked to create an economic agenda
that they think will boost the economic standing of the country (province, city)
concerning its present state. It should be able to cover current economic issues
and make recommendations that incorporate sound economic policies.
 Prerequisite: BMicro (Basic Microeconomics)

by Mercy L. Cañal, c2019

Desired Learning Outcomes

 Critically analyze how the entire economic system operates

and how it is affected by the decisions of each component of
the macroeconomy, so that they may be able to create sound
decisions that promote over-all economic welfare. (CRITICAL
THINKING AND PROBLEM SOLVING, SOCIAL
RESPONSIBILITY)
 Convey ideas clearly in English through active participation in
class presentations and discussions and through quality written
assignments (EFFECTIVE COMMUNICATION SKILLS,
COMPETENCY STANDARDS)

by Mercy L. Cañal, c2019

 Demonstrate the ability to access, retrieve, use and publicly
disseminate information responsibly using traditional and new
media and information and communications technology
through the course’s online assignments and presentation
requirements (INFORMATION, MEDIA & TECHNOLOGY
SKILLS, COMPETENCY STANDARDS)

by Mercy L. Cañal, c2019

 Develop the ability to create sound economic policies that will
address the socio-economic issues/ concerns of society and
address the needs of many, especially those who have the least
in life. (SOCIAL RESPONSIBILITY, EFFECTIVE
COMMUNICATION & COLLABORATION, LIFE & CAREER
SKILLS)

by Mercy L. Cañal, c2019

Content
(Pls. download school calendar from https://www.usls.edu.ph/Registrar )

 Prelim
 Thinking Like An Economist
 Introduction to Macroeconomics
 The Development of Economic Thought

 Midterm
 Macroeconomic Variables
 National Income Determination
 Money, Money Supply and Monetary Policy
 Fiscal Policy

 Endterm
 Development, Poverty and Growth
 Special Topic: ASEAN Economic Integration

by Mercy L. Cañal, c2019

Course Requirements

 Active participation in class and group activities

 Homework, seatwork, quizzes and term exams
 Individual and group reports (oral and written)
 Reflection/ critique papers
 Group project policy paper

by Mercy L. Cañal, c2019

Values
Values
 Honesty/integrity
 respect for self
 respect for others
 responsibility for one’s
decisions and actions
 A passion for and
commitment to excellence
 Fairness/transparency
by Mercy L. Cañal, c2019
Manifested in Classroom
Behavior
 Punctuality; no going in-out when class
is in session
 One person speaks at a time
 Take responsibility for missed
attendance check/ sessions/
assignments (only HW can be made
up for with penalty deductions); check
egroup at least every weekend
 Express your best!
 Intellectual honesty; cite references if
ideas are not own
 When in doubt, ASK! Never assume!
 Set appointments for consultation
Evaluation & assistance

by Mercy L. Cañal, c2019

Grading Criteria and Policy
(Final Grade: 30% PLG + 30% MTG + 40% ETG)

 Criteria for Grading:

Class participation (CP) 10%
Assignments/Seat works / Reports/Projects 20%
Quizzes 40%
Term Exams 30%
100%

Exemption: 90% or better for Prelim and Midterm. Not

Average of both.

by Mercy L. Cañal, c2019

 Consultation
 Yu An Log College of Business and Accountancy
(CBA) Faculty Office:

MWF
10:00 to 12:00nn
TTh
10:30am -12:00nn
4:00 – 5:30

 Email: m.canal@usls.edu.ph

by Mercy L. Cañal, c2019

Suggested Basic Resources
 Abel, A. B. (2011). Macroeconomics. Boston: Pearson.
 Blanchard, Olivier. (2011). Macroeconomic. Upper Saddle River, N. J.: Pearson
Prentice-Hall.
 Case, K. E. (2011). Principles of economics,Volume 2. Macroeconomics.
Singapore: Pearson Custom Pub.
 Case, Karl E. (2013). Principles of economics. Upper Saddle River, N. J.:
Prentice-Hall Pearson Education International.
 Gaffney, Mason. (2009). After the crash: Designing a depression-free economy.
 Hunt, E. K. (2011). History of Economic Thought: A Critical Perspective.
Armonk, N.Y.: M. E. Sharpe.
 Mankiw, G. N. (2011). Macroeconomics. Australia: South-Western, Cengage
Learning.
 Montiel, P. (2009). International macroeconomics. Chichester, U. K.; Malden, MA:
Wiley-Blackwell.
 Pagoso, C., Dinio R. and Villasis, D. (2009). Introductory Macroeconomics.Revised
ed. Manila: Rex Bookstore.
 Sandelin, Bo. (2008). A short history of economic thought. Abingdon, Oxon
(England); New Yori, New York: Routledge.
 Schiller, B. R. (2009). Essentials of Economics. Boston: McGraw-Hill/Irwin.

by Mercy L. Cañal, c2019