SYLLABUS
INTERNATIONAL PROGRAM FOR ISLAMIC ECONOMICS AND FINANCE (IPIEF)
FACULTY ECONOMIC AND BUSINESS UNIVERSITAS MUHAMMADIYAH YOGYAKARTA
Name of Course : Introduction of Macroeconomics Credit Value : 3 (three)
Semester : 1 (one)
Instructor : Dr. Dimas Bagus Wiranatakusuma, M.Ec
COURSE DESCRIPTION
This course aims to give students basic economic problems and concepts of macroeconomic principles. It includes the role of government in various economic systems, aggregate measures of economic performance, fiscal and monetary policies, and the impact of both the public debt and international trade
COMPETENCIES AND SKILLS
1. Introduce and analyze the basic economic problems and concepts of macroeconomic principles
2. Write clearly and coherently about the analysis, application, and solution of economic instability and disequilibrium problems discussed in class or asked in assignments.
METHODOLOGY
Each session is presented through visual aids of case studies describing macroeconomic problems. These allow for the introduction of concepts and theoretical macroeconomic models to characterize given situations and to provide economic solutions. Students will be asked to look for applications and examples of core issues, allowing them to present alternative viewpoints.
Students will also analyze and solve questions and problems provided by text exercises in class and in assignments delivered later. Assignments will allow students to develop and improve the writing capabilities of macroeconomic issues.
Students’ participation in class, written assignments, quizzes, mid-term and final exams will permit to assess of students’ progress and the accomplishment of established goals
EVALUATION CRITERIA
QUIZZES SCHEDULE
Weight Week
Quizzes Quiz 1 (100%) 1
TOTAL 100%
ASSIGNMENTS SCHEDULE
Weight Week
Assignments Assignment 1 (20 %) 8
Assignment 2 (20 %) 14
Assignment 3 (60 %) 15
TOTAL 100%
GRADING SYSTEM
EFFECTIVE FOR BATCH 2017 AND AFTER (2018 and 2019)
Letter Grade Score Description Remark Quality Points
Equivalent
A A ≥ 80 Excellent Passed 4,00
AB 75 ≤ AB < 80 Very Good Passed 3,50
B 65 ≤ B <75 Good Passed 3,00
BC 60 ≤ BC < 65 Fairly Good Passed 2,50
N° Evaluation Weight
1 Quizzes 5 %
2 Assignments 25 %
3 Examination and Test 1,2,3,4 60 %
4 Attendance 10 %
C 50 ≤ C < 60 Satisfactory Passed 2,00
D 35 ≤ D < 50 Poor Conditional Pass 1,00
E E < 35 Failure Failed 0,00
THE RULES OF THUMBS OF THE COURSE:
1. There is not allowed to conduct a remedy examination in this course. The lecturer would only recognize the first examination mark conducted in every respective test competency offered. Therefore, the obtained scores for students are pure stemming from their extra effort and capability.
2. Students must ask the earliest permission as possible once they are unable to attend the class, at least one hour prior to the class, otherwise is considered absent.
3. The late submission of assignments will not be entertained and accepted.
4. For score D and E, students are obliged to redo by retaking the failed course in the next sequence semester with the maximum score for repeating only B.
5. Examination score, assignment, and a final score are objectively and publicly announced.
REFERENCE
[1] Mankiw, N. Gregory (2009). Principles of Macroeconomics 5th edition, (2) Miller, L. Roger (2012). Economics Today 16th Edition.
SCHEDULE OF CONTENTS AND LEARNING STRATEGIES
Week Contents Learning outcome Learning procedures Hours Unit 1: Introduction. Fundamental Economic Concepts
1
Introduction.
Fundamental Economic Concepts
Students are able to:
Understand the basic measurements in
macroeconomics and the issues
- Video
- Slides Presentation -Discussions/Feedback -Quiz
2,5
Unit 2: Introduction to macroeconomics and economic growth
2
Introduction for Measuring the
economy’s performance
Students are capable to understand how the GDP is formed and its circular flow
- Slides Presentation -Discussion /Fedback - Video Learning
2,5
3 Measuring Cost
Students are able to learn on how to measure inflation and its impact to the cost of living
- Video Learning - Feedback/Discussion - Slides Presentation
2,5
4. Test Competency 1
Unit 3: Real GDP determination and Tools in Finance
5 Production Growth
Students understand how positive long-run real GDP and price level trends underway in some Asian economies overwhelmed the negative short-run economic effects of devastating waves.
- Video Learning -Slides Presentation -Feedback/discussions
2,5
6 Saving Investment
Students analyze how loeanbale funds effect the saving and investment in the economy.
-
- Video Learning -Slides Presentation -Feedback/discussions - Assignment
7 Basic Tools in Finance
Students learn about present and future values and their
relationship with compound grow
- Video Learning -Slides Presentation -Feedback/discussions
2,5
8 MIDTERM EXAM (Test Competency 2)
Unit 4: Money, stabilization, and growth
9 Unemployment
Students understand on how to measure the unemployment and its relation with wages
- Video Learning -Slides Presentation -Feedback/discussions
2,5
10 Monetary System
Students learn on the type of money and its relationship with central bank.
- Video Learning -Slides Presentation -Feedback/discussions
2,5
11 Money and Inflation
Students understand the relationship between money supply and inflation.
- Video Learning -Slides Presentation -Feedback/discussions
2,5
12 TestCompetence 3
13 Open Economy
Students know the international flows of goods and capital in the economy
- Video Learning -Slides Presentation -Feedback/discussions - Assignment
2,5
Unit 5: Issues in Macroeconomics and Policies
14 Fiscal and Monetary Policy Part 1
Students learn on how the interaction between fiscal and monetary policies in reducing economic fluctuations.
- Video Learning -Slides Presentation -Feedback/discussions
2,5
15 Fiscal and Monetary Policy Part 2
Students learn on how the interaction between fiscal and monetary policies in reducing economic fluctuations..
- Video Learning -Slides Presentation -Feedback/discussions
2,5
16 FINAL EXAM (Test
Competence 4) 2,5
GLOSSARY
1. Macroeconomics is the branch of economics that studies the behavior and performance of an economy as a whole, focusing on goals like growth in the standard of living, unemployment, and inflation.
2. Macroeconomic variables are the measurements or tools to indicate the damage to the environmental economy, such as described by the lower level of growth, higher unemployment, inflation.
3. Economic growth is the increase in the inflation-adjusted market value of the goods and services produced by an economy over time, usually as described by the national income growth
4. National income is the total value of a country's final output of all new goods and services produced in one year. This variable is commonly used to measure the standard of living in aggregate.
5. Unemployment is the term for when a person who is actively seeking a job is unable to find work.
6. Inflation is a decrease in the purchasing power of money, reflected in a general increase in the prices of goods and services in an economy
7. Debt is an obligation that requires one party, the debtor, to pay money or other agreed- upon value to another party, the creditor
8. International trade is the exchange of capital, goods, and services across international borders or territories because there is a need or want of goods or services
9. Fiscal policy is the means by which a government adjusts its spending levels and tax rates to monitor and influence a nation's economy
10. Monetary policy refers to the actions undertaken by a nation's central bank to control the money supply and achieve sustainable economic growth
