Mac Econ (Lesson Plans)

 

LESSON PLAN W1L1
Week 1 Day TBA Lecture Room  TBA
Lesson 1 Date TBA Class Code  TBA
Duration 90’ Time TBA Students Total TBA

TOPIC

Week Topic Pages – Homework – Reference Material
1 Introduction Of Teaching Methods And Performance’s Expectations, Rules Of Discipline And Training Philosophy

LEARNING GOALS

  1. To illustrate the fundamentals of the subject
  2. To familiarize the student with the course’s requirements
  3. To explain the rules and regulations of the class which may differ from the University’s disciplinary code of conduct
  4. To clarify what are the teacher’s expectations in terms of academic performance, personal behavior, individual conduct and professional attitude
  5. To motivate the student in making full use of all the main TEACHING REFERENCESs for a more effective learning
  6. To demonstrate the importance to widen the scope of learning through the use of all or part of the reference materials provided during the course
  7. To emphasize team spirit, trust and cooperation with all course mates and to instill self-discipline
  8. To encourage and facilitate lecture to student and student to student interactive communication
  9. To ensure student comprehend, accept and value the teaching methodology, academic material, rules and regulations and learning environment provided by the School
  10. To highlight the importance of conducting an exemplary college life through the acceptance of personal responsibility and accepted ethical behavior within the disciplinary guidelines provided by the University, the School, the Management and the Teachers

  TEACHING REFERENCES

Student’s Handbook of Macroeconomics prepared by the Lecturer

Lecturer’s PPTs and handouts

Student’s Handbook of Quiz and Assignments of Macroeconomics prepared by the Lecturer

Macroeconomics, 5th Ed, R. Glenn Hubbard and Anthony P. O’Brien, by Pearson Education, U.S., printed by China Machine Press, 2016, ISBN 978-7-111-54776-1

The Penguin History of Economics, by Roger E. Backhouse, Penguin Books, UK, 2002, ISBN 978-0-14-026042-7

Principles of Economics, by N. Gregory Mankiw, 4th Ed, Cencage Learning Asia, Singapore, 2008, ISBN 978-7-302-29320-0

Foundation of Macroeconomics, 2nd Ed, by Robin Bade and Michael Parkin, Pearson Education, 2004, ISBN 7-300-05519-2

TEACHING GOALS AND TASKS

  1. To meet the class monitor and ask the name list of the students organized with the following criteria:
  2. Chinese Name in Chinese characters
  3. Chinese Name in Pinyin
  4. English Name
  5. Student Number
  6. Gender
  7. Province of Origin
  8. Major
  9. To organize the students in Teams of 3 People Each and to give each team the name of an important economic figure in the History of Economics
  10. Each Team should prepare a PPT on Team Profile as per D:\Economics Office Admin\DOC\memoT02 0130092016 How to form a team.docx
  11. To collect all team profile by Sunday 17:00pm Week 1 through qq
  12. To open a QQ group for the class and ask all students to join within Week 1 and to open a WeChat room for the class and inviting all students to join within Week 1
  13. To highlight the importance of the exclusive use of English language in both chatting group
  14. To stress the importance of the use of polite and respectful communication and strict adherence to ethical principles
  15. To ensure the students understand the importance to continuously monitor the online chatting groups for downloading and sharing all TEACHING REFERENCESs and communication posted from time to time but on a constant basis by the lecturer
  16. To require the class monitor to facilitate the observance of discipline and good behavior of the class and to report any untoward cases
  17. To share the full semester coursework (lessons, topics, LEARNING GOALS, homework, textbook, reference material) with the students
LESSON PLAN W2L2
Week 2 Day TBA Lecture Room TBA
Lesson 2 Date TBA Class Code TBA
Duration 90’ Time TBA Students Total TBA

TOPIC

Week Topic Pages – Homework – Reference Material
2 Chapter 1 – Economic Science

·        Introduction, Nature Of Economics

·        Methodology, Models, Ceteris Paribus

·        Descriptive Economics. Normative Economics

·        Economic Goals, Fallacy Of Competition, Post-Hoc Fallacy

·        Macroeconomics, Microeconomics, Graphs

·        Direct Relationship, Inverse Relationship

Chapter 2 – Economic Problem

·        Introduction, Unlimited Wants, Necessities

·        Scarce Resources, Labor, Land, Capital, Entrepreneurial Talents

·        Production Possibilities Curve, Law Of Increasing Costs, Efficiency, Economic Growth

Refer to the Student’s Handbooks of Macroeconomics provided by the lecturer and to the weekly quiz and assignments you need to prepare on a weekly bases and submit to during office hours in printing

LEARNING GOALS

Week LEARNING GOALS AND STUDYING OBJECTIVES
2
  • Understand The Basic Meaning Of Economics, Methodology, Models And Ceteris Paribus Theory
  • Analyze Descriptive And Normative Economics
  • Understand Economic Goals And The Fallacy Of Competition And Compare With Post Hoc Fallacy
  • Compare Macroeconomics And Microeconomics
  • Assess The Importance Of Use Of Graph
  • Comprehend Direct And Inverse Relationship
  • Define Wants, Necessities And Scarce Resources
  • Comprehend The Curve Of Production Possibilities
  • Define The Law Of Increasing Costs
  • Determine The Earning Of Efficiency And Economic Growth

HOMEWORK

 WEEK SUMMARY QUESTIONS
2 Refer to the Student’s Handbooks of Macroeconomics provided by the lecturer and to the weekly quiz and assignments you need to prepare on a weekly bases and submit to during office hours in printing

 TEACHING REFERENCES

Student’s Handbook of Macroeconomics prepared by the Lecturer

Lecturer’s PPTs and handouts

Student’s Handbook of Quiz and Assignments of Macroeconomics prepared by the Lecturer

Macroeconomics, 5th Ed, R. Glenn Hubbard and Anthony P. O’Brien, by Pearson Education, U.S., printed by China Machine Press, 2016, ISBN 978-7-111-54776-1

The Penguin History of Economics, by Roger E. Backhouse, Penguin Books, UK, 2002, ISBN 978-0-14-026042-7

Principles of Economics, by N. Gregory Mankiw, 4th Ed, Cencage Learning Asia, Singapore, 2008, ISBN 978-7-302-29320-0

Foundation of Macroeconomics, 2nd Ed, by Robin Bade and Michael Parkin, Pearson Education, 2004, ISBN 7-300-05519-2

 TEACHING GOALS AND TASKS

The following topics should be covered or touched or referred to during the class. Due to time limit constraints, the lecturer may opt to provide further reading to the students and motivate the importance of widening the academic notions shared during the lecturing time.

Chapter 1 – Economic Science

  • Introduction, Nature Of Economics
  • Methodology, Models, Ceteris Paribus
  • Descriptive Economics. Normative Economics
  • Economic Goals, Fallacy Of Competition, Post-Hoc Fallacy
  • Macroeconomics, Microeconomics, Graphs
  • Direct Relationship, Inverse Relationship

Chapter 2 – Economic Problem

  • Introduction, Unlimited Wants, Necessities
  • Scarce Resources, Labor, Land, Capital, Entrepreneurial Talents,
  • Production Possibilities Curve, Law Of Increasing Costs, Efficiency, Economic Growth

 


LESSON PLAN W3L3
Week 3 Day TBA Lecture Room TBA
Lesson 3 Date TBA Class Code TBA
Duration 90’ Time TBA Students Total TBA

TOPIC

Week Topic Pages – Homework – Reference Material
3 Chapter 3 – Demand And Supply

·        Introduction, Market, Demand, Law Of Demand, Law Of Demand Resources

·        Income Effect, Substitution Effect, Demand Graph

·        Market Demand, Demand Determinants

·        Inferior Goods, Price Of Related Goods, Complementary Goods, Substitute Goods

·        Quantity Demanded, Supply, Law Of Supply, Law Of Supply Reasons

·        Supply Graph, Supply Determinants

·        Quantity Supplied, Equilibrium

·        Shortage, Surplus, Indifference Curve

·        Marginal Rate Of Distribution, Budget Line

·        Point Of Urgency, Derivation Of Demand

Refer to the handbook of Macroeconomics provided by the lecturer and to the weekly quiz and assignments you need to prepare on a weekly bases and submit to during office hours in printing

LEARNING GOALS

Week LEARNING GOALS AND STUDYING OBJECTIVES
3
  • Understand The Concepts Of Market And Demand Including The Law Of Demand And Demand Resources
  • Analyze The Concepts Of Income Effect, Substitution Effect, Demand Graph
  • Understand Market Demand, Demand Determinants
  • Compare Goods  Including Inferior Goods, Related Goods, Complementary And Substitute Goods And Quantity Demanded
  • Understand The Concept Of Supply
  • Assess The Importance Of Equilibrium, Shortage And Surplus
  • Comprehend The Curve Of Indifference, The Marginal Rate Of Distribution Including Budget Line, Point Of Urgency And Derivation Of Demand

 

HOMEWORK

WEEK SUMMARY QUESTIONS
3 Refer to the handbook of Macroeconomics provided by the lecturer and to the weekly quiz and assignments you need to prepare on a weekly bases and submit to during office hours in printing

 TEACHING REFERENCES

Student’s Handbook of Macroeconomics prepared by the Lecturer

Lecturer’s PPTs and handouts

Student’s Handbook of Quiz and Assignments of Macroeconomics prepared by the Lecturer

Macroeconomics, 5th Ed, R. Glenn Hubbard and Anthony P. O’Brien, by Pearson Education, U.S., printed by China Machine Press, 2016, ISBN 978-7-111-54776-1

The Penguin History of Economics, by Roger E. Backhouse, Penguin Books, UK, 2002, ISBN 978-0-14-026042-7

Principles of Economics, by N. Gregory Mankiw, 4th Ed, Cencage Learning Asia, Singapore, 2008, ISBN 978-7-302-29320-0

Foundation of Macroeconomics, 2nd Ed, by Robin Bade and Michael Parkin, Pearson Education, 2004, ISBN 7-300-05519-2

 

 TEACHING GOALS AND TASKS

The following topics should be covered or touched or referred to during the class. Due to time limit constraints, the lecturer may opt to provide further reading to the students and motivate the importance of widening the academic notions shared during the lecturing time.

  • Introduction, Market, Demand, Law Of Demand, Law Of Demand Resources
  • Income Effect, Substitution Effect, Demand Graph
  • Market Demand, Demand Determinants
  • Inferior Goods, Price Of Related Goods, Complementary Goods, Substitute Goods
  • Quantity Demanded, Supply, Law Of Supply, Law Of Supply Reasons
  • Supply Graph, Supply Determinants
  • Quantity Supplied, Equilibrium
  • Shortage, Surplus, Indifference Curve
  • Marginal Rate Of Distribution, Budget Line, Point Of Urgency, Derivation Of Demand
LESSON PLAN W4L4
Week 4 Day TBA Lecture Room TBA
Lesson 4 Date TBA Class Code TBA
Duration 90’ Time TBA Students Total TBA

TOPIC

Week Topic Pages – Homework – Reference Material
4 Chapter 4 – Mixed Capitalism

·        Mixed Capitalism, Legal Framework, Antitrust Legislation

·        Income Redistribution, Spill Over Costs And Benefits, Public Goods, Stabilization

·        Capitalism, Premises Of Capitalism, Competition, Market Economy, Division Of Labor, Circular Flows, Invisible Hand

·        Private Sector, Functional Distribution Of Income, Personal Distribution Of Income, Income Disposition, Business Organization

·        Sole Proprietorship, Partnership, Corporations, Public Sector, Government Expenditures, Government Revenues

·        Tax Avoidance, Benefit Received, Ability To Pay, Progressive Tax, Tax Incidence

Refer to the handbook of Macroeconomics provided by the lecturer and to the weekly quiz and assignments you need to prepare on a weekly bases and submit to during office hours in printing

 

LEARNING GOALS

Week LEARNING GOALS AND STUDYING OBJECTIVES
4 ·        Understand Mixed Capitalism And The Legal Framework Including Antitrust Legislation

·        Analyze Income Distribution And Spill Over Costs And Benefits

·        Understand Public Goods, Stabilization And The Meaning Of Capitalism Including Its Premises

·        Compare Competition And Market Economy And Divison Of Labor

·        Assess The Importance Of Circular Flows And Invisible Hand And The Private Sector

·        Comprehend The Functional Distribution Income And Personal Distribution Income And Income Disposition

·        Define Business Organization And How Differ From Public Sector

·        Comprehend The Difference Between Government Expenditures And Revenues

·        Define The Role Of Taxes In Terms Of Tax Avoidance, Benefit Received, Ability To Pay, Progressive Tax And Tax Incidence

 

HOMEWORK

WEEK SUMMARY QUESTIONS
4 Refer to the handbook of Macroeconomics provided by the lecturer and to the weekly quiz and assignments you need to prepare on a weekly bases and submit to during office hours in printing

 TEACHING REFERENCES

Student’s Handbook of Macroeconomics prepared by the Lecturer

Lecturer’s PPTs and handouts

Student’s Handbook of Quiz and Assignments of Macroeconomics prepared by the Lecturer

Macroeconomics, 5th Ed, R. Glenn Hubbard and Anthony P. O’Brien, by Pearson Education, U.S., printed by China Machine Press, 2016, ISBN 978-7-111-54776-1

The Penguin History of Economics, by Roger E. Backhouse, Penguin Books, UK, 2002, ISBN 978-0-14-026042-7

Principles of Economics, by N. Gregory Mankiw, 4th Ed, Cencage Learning Asia, Singapore, 2008, ISBN 978-7-302-29320-0

Foundation of Macroeconomics, 2nd Ed, by Robin Bade and Michael Parkin, Pearson Education, 2004, ISBN 7-300-05519-2

 TEACHING GOALS AND TASKS

The following topics should be covered or touched or referred to during the class. Due to time limit constraints, the lecturer may opt to provide further reading to the students and motivate the importance of widening the academic notions shared during the lecturing time.

  • Mixed Capitalism, Legal Framework, Antitrust Legislation
  • Income Redistribution, Spill Over Costs And Benefits, Public Goods, Stabilization
  • Capitalism, Premises Of Capitalism, Competition, Market Economy, Division Of Labor, Circular Flows, Invisible Hand
  • Private Sector, Functional Distribution Of Income, Personal Distribution Of Income, Income Disposition, Business Organization
  • Sole Proprietorship, Partnership, Corporations, Public Sector, Government Expenditures, Government Revenues,
  • Tax Avoidance, Benefit Received, Ability To Pay, Progressive Tax, Tax Incidence

 

 


LESSON PLAN W5L5
Week 5 Day TBA Lecture Room TBA
Lesson 5 Date TBA Class Code TBA
Duration 90’ Time TBA Students Total TBA

TOPIC

Week Topic Pages – Homework – Reference Material
          5 Chapter 5 – National Income Accounting

·        Introduction, National Income Accounting

·        Gross National Product, Gross Domestic Product, Intermediate Goals

·        Value Added, Expenditure Approach, Personal Consumption Expenditure, Gross Private Domestic Investment, Capital , Consumption Allowance, Net Investment

·        Government Purchases, Net Exports, Income Approach, Net National Product

·        National Income, Indirect Business Taxes

·        Personal Income, Transfer Payments

·        Disposable Income, Real GDP, Price Index

Refer to the handbook of Macroeconomics provided by the lecturer and to the weekly quiz and assignments you need to prepare on a weekly bases and submit to during office hours in printing

 

LEARNING GOALS

Week LEARNING GOALS AND STUDYING OBJECTIVES
            5 ·        Comprehend The Terms Of National Income Accounting And The Difference Between GNP And GDP

·        Clarify The Intermediate Goals And Value Added Concepts Together With The Understanding Of Expenditure Approach

·        Identify The Role Of Personal Consumption Expenditure And The Meaning Of GPDI And GCA

·        Assess The Meaning Of CCA And Net Investment Along With Government Purchases And Net Exports

·        Determine The Significance Of Income Approach, NNP And National Income And Its Difference With Other Types Of Incomes (Personal, Disposable And Others) And The Concept Of Indirect Business Taxes

·        Explain The Difference Between Real GDP And PI

 

HOMEWORK

WEEK SUMMARY QUESTIONS
5 Refer to the handbook of Macroeconomics provided by the lecturer and to the weekly quiz and assignments you need to prepare on a weekly bases and submit to during office hours in printing

 

 TEACHING REFERENCES

Student’s Handbook of Macroeconomics prepared by the Lecturer

Lecturer’s PPTs and handouts

Student’s Handbook of Quiz and Assignments of Macroeconomics prepared by the Lecturer

Macroeconomics, 5th Ed, R. Glenn Hubbard and Anthony P. O’Brien, by Pearson Education, U.S., printed by China Machine Press, 2016, ISBN 978-7-111-54776-1

The Penguin History of Economics, by Roger E. Backhouse, Penguin Books, UK, 2002, ISBN 978-0-14-026042-7

Principles of Economics, by N. Gregory Mankiw, 4th Ed, Cencage Learning Asia, Singapore, 2008, ISBN 978-7-302-29320-0

Foundation of Macroeconomics, 2nd Ed, by Robin Bade and Michael Parkin, Pearson Education, 2004, ISBN 7-300-05519-2

 TEACHING GOALS AND TASKS

The following topics should be covered or touched or referred to during the class. Due to time limit constraints, the lecturer may opt to provide further reading to the students and motivate the importance of widening the academic notions shared during the lecturing time.

  • Introduction, National Income Accounting
  • Gross National Product, Gross Domestic Product, Intermediate Goals
  • Value Added, Expenditure Approach, Personal Consumption Expenditure, Gross Private Domestic Investment, Capital , Consumption Allowance, Net Investment
  • Government Purchases, Net Exports, Income Approach, Net National Product
  • National Income, Indirect Business Taxes
  • Personal Income, Transfer Payments, Disposable Income, Real GDP, Price Index

 

LESSON PLAN W6L6
Week 6 Day TBA Lecture Room TBA
Lesson 6 Date TBA Class Code TBA
Duration 90’ Time TBA Students Total TBA

TOPIC

Week Topic Pages – Homework – Reference Material
6 Chapter 6 – Business Cycle

·        Introduction, Business Cycle, Recession

·        Postponable Durable, Unemployment

·        Frictional Unemployment, Structural Unemployment, Cyclical Unemployment, Rate Of Unemployment

·        Discouraged Workers, Natural Rate Of Unemployment, Costs Of Unemployment

·        Inflation, Deflation, Demand-Pull Inflation, Cost-Push Inflation, Measuring Inflation, Inflation Redistribution Effect, Real Income, Anticipated Inflation, Inflation, Output Effect, Hyperinflation

Refer to the handbook of Macroeconomics provided by the lecturer and to the weekly quiz and assignments you need to prepare on a weekly bases and submit to during office hours in printing

LEARNING GOALS

Week LEARNING GOALS AND STUDYING OBJECTIVES
6 ·        Understand The Cycle Of Business And Recession

·        Assess The Meaning On Postponable Durable

·        Explain The Concept Of Unemployment And The Difference Of Frictional, Structural And Cyclical Unemployment

·        Identify The Reason Why Workers Are Discouraged And The Meaning Of Natural Rate Of Unemployment Along With Costs Of Unemployment

·        Identify The Role Of Inflation In The Economy  Along The Terms Of Inflation, Deflation, Demand Pull Inflation, Cost Push Inflation

·        Know How To Measure Inflation And Its Redistribution Effect

·        Understand The Meaning Of Real Income, Anticipated Inflation And The Output Effect On Inflation And The Reasons Of Hyperinflation

 

HOMEWORK

WEEK SUMMARY QUESTIONS
6 Refer to the handbook of Macroeconomics provided by the lecturer and to the weekly quiz and assignments you need to prepare on a weekly bases and submit to during office hours in printing

 TEACHING REFERENCES

Student’s Handbook of Macroeconomics prepared by the Lecturer

Lecturer’s PPTs and handouts

Student’s Handbook of Quiz and Assignments of Macroeconomics prepared by the Lecturer

Macroeconomics, 5th Ed, R. Glenn Hubbard and Anthony P. O’Brien, by Pearson Education, U.S., printed by China Machine Press, 2016, ISBN 978-7-111-54776-1

The Penguin History of Economics, by Roger E. Backhouse, Penguin Books, UK, 2002, ISBN 978-0-14-026042-7

Principles of Economics, by N. Gregory Mankiw, 4th Ed, Cencage Learning Asia, Singapore, 2008, ISBN 978-7-302-29320-0

Foundation of Macroeconomics, 2nd Ed, by Robin Bade and Michael Parkin, Pearson Education, 2004, ISBN 7-300-05519-2

 TEACHING GOALS AND TASKS

The following topics should be covered or touched or referred to during the class. Due to time limit constraints, the lecturer may opt to provide further reading to the students and motivate the importance of widening the academic notions shared during the lecturing time.

  • Introduction, Business Cycle, Recession
  • Postponable Durable, Unemployment
  • Frictional Unemployment, Structural Unemployment, Cyclical Unemployment, Rate Of Unemployment
  • Discouraged Workers, Natural Rate Of Unemployment, Costs Of Unemployment,
  • Inflation, Deflation, Demand-Pull Inflation, Cost-Push Inflation,
  • Measuring Inflation, Inflation Redistribution Effect, Real Income,
  • Anticipated Inflation, Inflation, Output Effect, Hyperinflation

 


LESSON PLAN W7L7
Week 7 Day TBA Lecture Room TBA
Lesson 7 Date TBA Class Code TBA
Duration 90’ Time TBA Students Total TBA

TOPIC

Week Topic Pages – Homework – Reference Material
7 Chapter 7 – Classical Keynesian Controversy

·        Classical Theory, Say’s Law, Classical Money Market

·        Price And Wage Flexibility, Involuntary Unemployment, Classical Keynesian Controversy

·        Keynesian Saving-Oriented Plans, Keynesian Price-Wage Rigidity, Aggregate Demand, Real Balance Effect

·        Aggregate Supply, Classical Range

·        Keynesian Range, Intermediate Range, Aggregate Demand Policies, Supply Side Policies

Refer to the handbook of Macroeconomics provided by the lecturer and to the weekly quiz and assignments you need to prepare on a weekly bases and submit to during office hours in printing

LEARNING GOALS

Week LEARNING GOALS AND STUDYING OBJECTIVES
7 ·        Identify The Classical Theory Of Keynes And Compare The Say’s Law

·        Explain The Difference Between Classical Money Market, Price And Wage Flexibility And Involuntary Unemployment

·        Identify The Reason Of Classical Keynesian Controversy And The Difference Between Keynesian Saving Oriented Plans And Price Wage Rigidity

·        Determine The Meaning Of Aggregate Demand, Real Balance Effect And Aggregate Supply

·        Analyze The Concept Of Classical Range, Keynesian Range And Intermediate Range

·        Value The Meaning On Aggregate Demand Policies And Supply Side Policies

 

HOMEWORK

WEEK SUMMARY QUESTIONS
7 Refer to the handbook of Macroeconomics provided by the lecturer and to the weekly quiz and assignments you need to prepare on a weekly bases and submit to during office hours in printing

 TEACHING REFERENCES

Student’s Handbook of Macroeconomics prepared by the Lecturer

Lecturer’s PPTs and handouts

Student’s Handbook of Quiz and Assignments of Macroeconomics prepared by the Lecturer

Macroeconomics, 5th Ed, R. Glenn Hubbard and Anthony P. O’Brien, by Pearson Education, U.S., printed by China Machine Press, 2016, ISBN 978-7-111-54776-1

The Penguin History of Economics, by Roger E. Backhouse, Penguin Books, UK, 2002, ISBN 978-0-14-026042-7

Principles of Economics, by N. Gregory Mankiw, 4th Ed, Cencage Learning Asia, Singapore, 2008, ISBN 978-7-302-29320-0

Foundation of Macroeconomics, 2nd Ed, by Robin Bade and Michael Parkin, Pearson Education, 2004, ISBN 7-300-05519-2

 

 TEACHING GOALS AND TASKS

The following topics should be covered or touched or referred to during the class. Due to time limit constraints, the lecturer may opt to provide further reading to the students and motivate the importance of widening the academic notions shared during the lecturing time.

  • Classical Theory, Say’s Law, Classical Money Market
  • Price And Wage Flexibility, Involuntary Unemployment, Classical Keynesian Controversy
  • Keynesian Saving-Oriented Plans, Keynesian Price-Wage Rigidity, Aggregate Demand, Real Balance Effect
  • Aggregate Supply, Classical Range,
  • Keynesian Range, Intermediate Range, Aggregate Demand Policies, Supply Side Policies

 

LESSON PLAN W8L8
Week 8 Day TBA Lecture Room TBA
Lesson 8 Date  TBA Class Code TBA
Duration 90’ Time TBA Students Total TBA

TOPIC

Week Topic Pages – Homework – Reference Material
8 Week 8 Mid Term Written Test Quiz 20% (Covering academic program covered from Week 1 to 7)

LEARNING GOALS

Week LEARNING GOALS AND STUDYING OBJECTIVES
8 a)      The student will be given an in class test with a set of four objective questions (25% mark each complete answer) and the test will last 90 minutes. The student on the exam day will need to register 10 minutes in advance and be seated at the numbered seat allocated by the teacher. The student will need to bring two black ink pens, personal ID card and student card. Paper will be given by the teacher on the day together with the set of questions. The student will be allowed to bring water or any other non-intoxicating drink in class. Any form of cheating will not be tolerated and the student will be invited to leave the class and be given a failure mark

b)


LESSON PLAN W9L9
Week 9 Day TBA Lecture Room TBA
Lesson 9 Date TBA Class Code TBA
Duration 90’ Time TBA Students Total TBA

TOPIC

Week Topic Pages – Homework – Reference Material
9 Chapter 8 – Keynesian Employment Theory

·        Keynesian Employment Theory, Aggregate Expenditures, Aggregate Expenditure Components

·        Consumption, Consumption Determinants, Consumption Stability

·        Average Propensity To Consume, Saving, Average Propensity To Save, Investment Determinants, Investment Stability, Aggregate Output

·        Keynesian Equilibrium, Leakage, Injection, Leakage-Injection Equilibrium, Multiplier Effect, Multipliers, Complex Multiplier, Paradox Or Thrift, Recession Gap, Inflationary Gap

Chapter 9 – Fiscal Policy

·        Fiscal Policy, Government Spending Increase, Balanced Budget Multiplier

·        Keynesian Fiscal Policy, Fiscal Policy Effectiveness, Crowding Out Effect, Fiscal Policy Lags, Non-Discretionary Fiscal Policy

·        Automatic Stabilizer, Full-Employment Budget, Fiscal Drag, Budget Deficit, Budget Philosophy, Public Debt, Fiscal Policy And Politics, Net Export Effect, Index Of Leading Indicators

Refer to the handbook of Macroeconomics provided by the lecturer and to the weekly quiz and assignments you need to prepare on a weekly bases and submit to during office hours in printing

LEARNING GOALS

Week LEARNING GOALS AND STUDYING OBJECTIVES
9 ·        Understand The Theory Of Unemployment Of Keynes

·        Define The Terms Of Aggregate Expenditure And The Components Of Expenditures

·        Determine The Terms Of Consumption And Determinants And Stability Of Consumption Along With Consumption Stability

·        Evaluate The Difference Between Average Propensity To Consume Or To Save

·        Assess The Determinants Of Investment And Investment Stability

·        Clarify The Aggregate Output And How It Can Be Linked To The Keynesian Equilibrium

·        Define The Meaning Of Leakage, Injection And Their Equilibrium

·        Verify The Concept Of Keynesian Multipliers, Its Effect On The Economy And What Is Complex Multiplier

·        Identify The Terms Of Paradox Or Thrift And The Difference Between Recession And Inflationary Gaps

·        Explain The Concept Of Fiscal Policy And Its Relation To Government Spending Increase

·        Determine The Role Of The Balanced Budget Multiplier And How It Is Applied To Keynesian Fiscal Policy To Determine Fiscal Policy Effectiveness

·        Verify The Concepts Of Crowding Out Effect And Fiscal Policy Lags Along With Non-Discretionary Fiscal Policy

·        Understand The Automatic Stabilizer And The Link With Fiscal Policy

·        Assess The Fiscal Drag And Budget Deficit And Philosophy Related To Public Debt

·        Evaluate The System And Difference Between Fiscal Policy And Politics

·        Review The Terms Of Net Export Effect And The Index Of Leading Indicators

 

HOMEWORK

 WEEK SUMMARY QUESTIONS
9 Refer to the handbook of Macroeconomics provided by the lecturer and to the weekly quiz and assignments you need to prepare on a weekly bases and submit to during office hours in printing

 TEACHING REFERENCES

Student’s Handbook of Macroeconomics prepared by the Lecturer

Lecturer’s PPTs and handouts

Student’s Handbook of Quiz and Assignments of Macroeconomics prepared by the Lecturer

Macroeconomics, 5th Ed, R. Glenn Hubbard and Anthony P. O’Brien, by Pearson Education, U.S., printed by China Machine Press, 2016, ISBN 978-7-111-54776-1

The Penguin History of Economics, by Roger E. Backhouse, Penguin Books, UK, 2002, ISBN 978-0-14-026042-7

Principles of Economics, by N. Gregory Mankiw, 4th Ed, Cencage Learning Asia, Singapore, 2008, ISBN 978-7-302-29320-0

Foundation of Macroeconomics, 2nd Ed, by Robin Bade and Michael Parkin, Pearson Education, 2004, ISBN 7-300-05519-2

 TEACHING GOALS AND TASKS

The following topics should be covered or touched or referred to during the class. Due to time limit constraints, the lecturer may opt to provide further reading to the students and motivate the importance of widening the academic notions shared during the lecturing time.

Chapter 8 – Keynesian Employment Theory

  • Keynesian Employment Theory, Aggregate Expenditures, Aggregate Expenditure Components
  • Consumption, Consumption Determinants, Consumption Stability
  • Average Propensity To Consume, Saving, Average Propensity To Save, Investment Determinants, Investment Stability, Aggregate Output
  • Keynesian Equilibrium, Leakage, Injection, Leakage-Injection Equilibrium, Multiplier Effect, Multipliers, Complex Multiplier, Paradox Or Thrift, Recession Gap, Inflationary Gap

Chapter 9 – Fiscal Policy

  • Fiscal Policy, Government Spending Increase, Balanced Budget Multiplier
  • Keynesian Fiscal Policy, Fiscal Policy Effectiveness, Crowding Out Effect, Fiscal Policy Lags, Non-Discretionary Fiscal Policy
  • Automatic Stabilizer, Full-Employment Budget, Fiscal Drag, Budget Deficit, Budget Philosophy, Public Debt, Fiscal Policy And Politics, Net Export Effect, Index Of Leading Indicators

 

LESSON PLAN W10L10
Week 10 Day TBA Lecture Room TBA
Lesson 10 Date TBA Class Code TBA
Duration 90’ Time TBA Students Total TBA

TOPIC

Week Topic Pages – Homework – Reference Material
10 Chapter 10 – Money

·        Money, Functions Of Money, Demand Of Money, Money Supply

·        Currency, M1, Token Money, Checkable Deposits, M2, M3

·        Near Money, Backing Of Money

Refer to the handbook of Macroeconomics provided by the lecturer and to the weekly quiz and assignments you need to prepare on a weekly bases and submit to during office hours in printing

LEARNING GOALS

Week LEARNING GOALS AND STUDYING OBJECTIVES
10 ·        Assess The Role Of Money And Its Function

·        Understand How Money Is Demanded And Supplied

·        Determine The Role Of Currency And What Are M1, M2 And M3

·        Define Token Money And Checkable Deposits

·        Explain The Concepts Of Near Money And Backing Of Money

HOMEWORK

WEEK SUMMARY QUESTIONS
10 Refer to the handbook of Macroeconomics provided by the lecturer and to the weekly quiz and assignments you need to prepare on a weekly bases and submit to during office hours in printing

 TEACHING REFERENCES

Student’s Handbook of Macroeconomics prepared by the Lecturer

Lecturer’s PPTs and handouts

Student’s Handbook of Quiz and Assignments of Macroeconomics prepared by the Lecturer

Macroeconomics, 5th Ed, R. Glenn Hubbard and Anthony P. O’Brien, by Pearson Education, U.S., printed by China Machine Press, 2016, ISBN 978-7-111-54776-1

The Penguin History of Economics, by Roger E. Backhouse, Penguin Books, UK, 2002, ISBN 978-0-14-026042-7

Principles of Economics, by N. Gregory Mankiw, 4th Ed, Cencage Learning Asia, Singapore, 2008, ISBN 978-7-302-29320-0

Foundation of Macroeconomics, 2nd Ed, by Robin Bade and Michael Parkin, Pearson Education, 2004, ISBN 7-300-05519-2

 TEACHING GOALS AND TASKS

The following topics should be covered or touched or referred to during the class. Due to time limit constraints, the lecturer may opt to provide further reading to the students and motivate the importance of widening the academic notions shared during the lecturing time.

  • Money, Functions Of Money, Demand Of Money, Money Supply
  • Currency, M1, Token Money, Checkable Deposits, M2, M3,
  • Near Money, Backing Of Money

 


LESSON PLAN W11L11
Week 11 Day TBA Lecture Room TBA
Lesson 11 Date TBA Class Code TBA
Duration 90’ Time TBA Students Total TBA

TOPIC

Week Topic Pages – Homework – Reference Material
11 Chapter 11 – The Federal Reserve System

·        Monetary Policy

·        Federal Reserve System Function

·        Federal Reserve System

·        Federal Reserve Banks

·        Banking

LEARNING GOALS

Week LEARNING GOALS AND STUDYING OBJECTIVES
11 ·        Understand The Role Of The FDS

·        Assess Its System And Function And Banking Network

HOMEWORK

WEEK SUMMARY QUESTIONS
11 Refer to the handbook of Macroeconomics provided by the lecturer and to the weekly quiz and assignments you need to prepare on a weekly bases and submit to during office hours in printing

 TEACHING REFERENCES

Student’s Handbook of Macroeconomics prepared by the Lecturer

Lecturer’s PPTs and handouts

Student’s Handbook of Quiz and Assignments of Macroeconomics prepared by the Lecturer

Macroeconomics, 5th Ed, R. Glenn Hubbard and Anthony P. O’Brien, by Pearson Education, U.S., printed by China Machine Press, 2016, ISBN 978-7-111-54776-1

The Penguin History of Economics, by Roger E. Backhouse, Penguin Books, UK, 2002, ISBN 978-0-14-026042-7

Principles of Economics, by N. Gregory Mankiw, 4th Ed, Cencage Learning Asia, Singapore, 2008, ISBN 978-7-302-29320-0

Foundation of Macroeconomics, 2nd Ed, by Robin Bade and Michael Parkin, Pearson Education, 2004, ISBN 7-300-05519-2

 TEACHING GOALS AND TASKS

The following topics should be covered or touched or referred to during the class. Due to time limit constraints, the lecturer may opt to provide further reading to the students and motivate the importance of widening the academic notions shared during the lecturing time.

  • Monetary Policy
  • Federal Reserve System Function
  • Federal Reserve System
  • Federal Reserve Banks
  • Banking

 

 
LESSON PLAN W12L12
Week 12 Day TBA Lecture Room TBA
Lesson 12 Date TBA Class Code TBA
Duration 90’ Time TBA Students Total TBA

TOPIC

Week Topic Pages – Homework – Reference Material
12 Chapter 12 – Monetary Policy

·        Monetary Creation, Monetary Policy, Banks

·        Check Cashing, Money Creation

·        Money Cancellation, Required Reserves

·        Required Reserve Ratio, Monetary Multiplier

·        Government Securities, Monetary Policy Tools

·        Open Market Operations, Discount Rate

·        Tight Money Policy, Easy Money Policy

·        Minor Monetary Policy Tools

Refer to the handbook of Macroeconomics provided by the lecturer and to the weekly quiz and assignments you need to prepare on a weekly bases and submit to during office hours in printing

 

LEARNING GOALS

Week LEARNING GOALS AND STUDYING OBJECTIVES
            12 ·        Understand The Concepts Of Monetary Policy And Creation, Cancellation Of Money

·        Realize The Role Of Banks And Bank Reserve And Reserve Ratio

·        Explain The Role Of Dentary Multiplier And Government Securities Along Monetary Policy Tools

·        Assess The Different Types Of Open Market Operations And Clarify The Discount Rate’s Meaning

·        Evaluate The Tight Money Policy Like Easy Money Policy And Minor Monetary Policy Tools

HOMEWORK

 WEEK SUMMARY QUESTIONS
12 Refer to the handbook of Macroeconomics provided by the lecturer and to the weekly quiz and assignments you need to prepare on a weekly bases and submit to during office hours in printing

 TEACHING REFERENCES

Student’s Handbook of Macroeconomics prepared by the Lecturer

Lecturer’s PPTs and handouts

Student’s Handbook of Quiz and Assignments of Macroeconomics prepared by the Lecturer

Macroeconomics, 5th Ed, R. Glenn Hubbard and Anthony P. O’Brien, by Pearson Education, U.S., printed by China Machine Press, 2016, ISBN 978-7-111-54776-1

The Penguin History of Economics, by Roger E. Backhouse, Penguin Books, UK, 2002, ISBN 978-0-14-026042-7

Principles of Economics, by N. Gregory Mankiw, 4th Ed, Cencage Learning Asia, Singapore, 2008, ISBN 978-7-302-29320-0

Foundation of Macroeconomics, 2nd Ed, by Robin Bade and Michael Parkin, Pearson Education, 2004, ISBN 7-300-05519-2

 TEACHING GOALS AND TASKS

The following topics should be covered or touched or referred to during the class. Due to time limit constraints, the lecturer may opt to provide further reading to the students and motivate the importance of widening the academic notions shared during the lecturing time.

  • Monetary Creation, Monetary Policy, Banks
  • Check Cashing, Money Creation
  • Money Cancellation, Required Reserves
  • Required Reserve Ratio, Monetary Multiplier
  • Government Securities, Monetary Policy Tools
  • Open Market Operations, Discount Rate
  • Tight Money Policy, Easy Money Policy, Minor Monetary Policy Tools

 

LESSON PLAN W13L13
Week 13 Day TBA Lecture Room TBA
Lesson 13 Date TBA Class Code TBA
Duration 90’ Time TBA Students Total TBA

TOPIC

Week Topic Pages – Homework – Reference Material
13  Chapter 13 – Monetary Policy Controversy

·        Keynesian View Of Monetary Policy, Monetary Policy Shortcomings, Monetary Policy Asymmetry, Monetary Policy Dilemma

·        Monetary View Of Monetary Policy, Quantity Of Money Equation, Velocity, Monetarist Critique, Monetarist Recommendation, Velocity Instability

Refer to the handbook of Macroeconomics provided by the lecturer and to the weekly quiz and assignments you need to prepare on a weekly bases and submit to during office hours in printing

LEARNING GOALS

Week LEARNING GOALS AND STUDYING OBJECTIVES
13 ·        Realize The Meaning Of The Keynesian Monetary Policy And Its Shortcomings, Asymmetry And Dilemma

·        Assess The Monetary View Of Monetary Policy

·        Analyze The Quantity Of Money Equation And The Velocity And Velocity Stability Of Money

·        Evaluate The Monetarist Critique And Recommendation

                                                                   

HOMEWORK

 WEEK SUMMARY QUESTIONS
13 Refer to the handbook of Macroeconomics provided by the lecturer and to the weekly quiz and assignments you need to prepare on a weekly bases and submit to during office hours in printing

 

 TEACHING REFERENCES

Student’s Handbook of Macroeconomics prepared by the Lecturer

Lecturer’s PPTs and handouts

Student’s Handbook of Quiz and Assignments of Macroeconomics prepared by the Lecturer

Macroeconomics, 5th Ed, R. Glenn Hubbard and Anthony P. O’Brien, by Pearson Education, U.S., printed by China Machine Press, 2016, ISBN 978-7-111-54776-1

The Penguin History of Economics, by Roger E. Backhouse, Penguin Books, UK, 2002, ISBN 978-0-14-026042-7

Principles of Economics, by N. Gregory Mankiw, 4th Ed, Cencage Learning Asia, Singapore, 2008, ISBN 978-7-302-29320-0

Foundation of Macroeconomics, 2nd Ed, by Robin Bade and Michael Parkin, Pearson Education, 2004, ISBN 7-300-05519-2

 TEACHING GOALS AND TASKS

The following topics should be covered or touched or referred to during the class. Due to time limit constraints, the lecturer may opt to provide further reading to the students and motivate the importance of widening the academic notions shared during the lecturing time.

  • Keynesian View Of Monetary Policy, Monetary Policy Shortcomings, Monetary Policy Asymmetry, Monetary Policy Dilemma,
  • Monetary View Of Monetary Policy, Quantity Of Money Equation, Velocity, Monetarist Critique, Monetarist Recommendation, Velocity Instability

 

PREFINAL EXAM W14L14
Week 14 Day TBA Lecture Room TBA
Lesson 14 Date TBA Class Code TBA
Duration 90’ Time TBA Students Total TBA

TOPIC

Week Topic Pages – Homework – Reference Material
14 Week 14 Pre Final Exam Written Test 20% (Covering academic program covered from Week 8 to 12)

 

LEARNING GOALS

Week TOPIC LEARNING GOALS AND STUDYING OBJECTIVES
14 a)      The student will be given an in class test with a set of four objective questions (25% mark each complete answer) and the test will last 90 minutes. The student on the exam day will need to register 10 minutes in advance and be seated at the numbered seat allocated by the teacher. The student will need to bring two black ink pens, personal ID card and student card. Paper will be given by the teacher on the day together with the set of questions. The student will be allowed to bring water or any other non-intoxicating drink in class. Any form of cheating will not be tolerated and the student will be invited to leave the class and be given a failure mark

HOMEWORK

 WEEK SUMMARY QUESTIONS
14 Refer to the handbook of Macroeconomics provided by the lecturer and to the weekly quiz and assignments you need to prepare on a weekly bases and submit to during office hours in printing

 

TEACHING REFERENCES

Student’s Handbook of Macroeconomics prepared by the Lecturer

Lecturer’s PPTs and handouts

Student’s Handbook of Quiz and Assignments of Macroeconomics prepared by the Lecturer

Macroeconomics, 5th Ed, R. Glenn Hubbard and Anthony P. O’Brien, by Pearson Education, U.S., printed by China Machine Press, 2016, ISBN 978-7-111-54776-1

The Penguin History of Economics, by Roger E. Backhouse, Penguin Books, UK, 2002, ISBN 978-0-14-026042-7

Principles of Economics, by N. Gregory Mankiw, 4th Ed, Cencage Learning Asia, Singapore, 2008, ISBN 978-7-302-29320-0

Foundation of Macroeconomics, 2nd Ed, by Robin Bade and Michael Parkin, Pearson Education, 2004, ISBN 7-300-05519-2

 TEACHING GOALS AND TASKS

The following topics should be covered or touched or referred to during the class. Due to time limit constraints, the lecturer may opt to provide further reading to the students and motivate the importance of widening the academic notions shared during the lecturing time.

 LESSON PLAN W15L15
Week 15 Day TBA Lecture Room TBA
Lesson 15 Date TBA Class Code TBA
Duration 90’ Time TBA Students Total TBA

TOPIC

Week Topic Pages – Homework – Reference Material
15  Chapter 14 – Unemployment Versus Inflation

·        Introduction, Phillips Curve, Phillips Curve Shift

·        Stagflation, Inflation Expectation, Acceleration Hypothesis, Rational Expectations, Labor Cost Productivity

·        Market Policies, Income Policies, Supply Side Economics, Laffer Curve

Refer to the handbook of Macroeconomics provided by the lecturer and to the weekly quiz and assignments you need to prepare on a weekly bases and submit to during office hours in printing

LEARNING GOALS

Week LEARNING GOALS AND STUDYING OBJECTIVES
15 ·        Understanding The Phillips Curve And The Curve Shift

·        Assess The Concepts Of Stagflation And Inflation Expectation

·        Verify The Hypothesis On Acceleration And Rational Expectations

·        Assess The Labor Cost Productivity And Its Relations To Market Policies And Income Policies

·        Analyze The Economics Of Supply Side And The Role Of Laffer Curve

                                                                 

HOMEWORK

WEEK SUMMARY QUESTIONS
15 Refer to the handbook of Macroeconomics provided by the lecturer and to the weekly quiz and assignments you need to prepare on a weekly bases and submit to during office hours in printing

 

TEACHING REFERENCES

Student’s Handbook of Macroeconomics prepared by the Lecturer

Lecturer’s PPTs and handouts

Student’s Handbook of Quiz and Assignments of Macroeconomics prepared by the Lecturer

Macroeconomics, 5th Ed, R. Glenn Hubbard and Anthony P. O’Brien, by Pearson Education, U.S., printed by China Machine Press, 2016, ISBN 978-7-111-54776-1

The Penguin History of Economics, by Roger E. Backhouse, Penguin Books, UK, 2002, ISBN 978-0-14-026042-7

Principles of Economics, by N. Gregory Mankiw, 4th Ed, Cencage Learning Asia, Singapore, 2008, ISBN 978-7-302-29320-0

Foundation of Macroeconomics, 2nd Ed, by Robin Bade and Michael Parkin, Pearson Education, 2004, ISBN 7-300-05519-2

 TEACHING GOALS AND TASKS

The following topics should be covered or touched or referred to during the class. Due to time limit constraints, the lecturer may opt to provide further reading to the students and motivate the importance of widening the academic notions shared during the lecturing time.

  • Introduction, Phillips Curve, Phillips Curve Shift
  • Stagflation, Inflation Expectation, Acceleration Hypothesis, Rational Expectations, Labor Cost Productivity

Market Policies, Income Policies, Supply Side Economics, Laffer curve

 

LESSON PLAN W16L16
Week 16 Day TBA Lecture Room TBA
Lesson 16 Date TBA Class Code TBA
Duration 90’ Time TBA Students Total TBA

TOPIC

Week Topic Pages – Homework – Reference Material
16  Chapter 15 – Economic Growth

·        Economic Growth, Productivity Growth And Decline, Sources Of Growth, Savings Rate

·        Law Of Diminishing Return, Malthus

Economic Growth Desirability

Refer to the handbook of Macroeconomics provided by the lecturer and to the weekly quiz and assignments you need to prepare on a weekly bases and submit to during office hours in printing

LEARNING GOALS

Week LEARNING GOALS AND STUDYING OBJECTIVES
16 ·        Understand Economic Growth And Growth And Decline Of Productivity

·        Assess Source Of Growth And Savings Rate

·        Verify The Law Of Diminishing Return

·        Explain The Theory Of Malthus And The Concept Of Economic Growth Desirability

 

HOMEWORK

WEEK SUMMARY QUESTIONS
16 Week 16 Homework and research 10% (Homework 5% + Research 5%)

 

Refer to the handbook of Macroeconomics provided by the lecturer and to the weekly quiz and assignments you need to prepare on a weekly bases and submit to during office hours in printing

 

 TEACHING REFERENCES

Student’s Handbook of Macroeconomics prepared by the Lecturer

Lecturer’s PPTs and handouts

Student’s Handbook of Quiz and Assignments of Macroeconomics prepared by the Lecturer

Macroeconomics, 5th Ed, R. Glenn Hubbard and Anthony P. O’Brien, by Pearson Education, U.S., printed by China Machine Press, 2016, ISBN 978-7-111-54776-1

The Penguin History of Economics, by Roger E. Backhouse, Penguin Books, UK, 2002, ISBN 978-0-14-026042-7

Principles of Economics, by N. Gregory Mankiw, 4th Ed, Cencage Learning Asia, Singapore, 2008, ISBN 978-7-302-29320-0

Foundation of Macroeconomics, 2nd Ed, by Robin Bade and Michael Parkin, Pearson Education, 2004, ISBN 7-300-05519-2

 TEACHING GOALS AND TASKS

The following topics should be covered or touched or referred to during the class. Due to time limit constraints, the lecturer may opt to provide further reading to the students and motivate the importance of widening the academic notions shared during the lecturing time.

  • Economic Growth, Productivity Growth And Decline, Sources Of Growth, Savings Rate
  • Law Of Diminishing Return, Malthus

Economic Growth Desirability

FINAL EXAM W17L17
Week 17 Day TBA Lecture Room TBA
Lesson 17 Date  TBA Class Code TBA
Duration 90’ Time TBA Students Total TBA
            17 Week 17 Pre Final Exam Written Test 20% (Covering academic program covering from Week 13 to 16)

 

LEARNING GOALS

Week TOPIC LEARNING GOALS AND STUDYING OBJECTIVES
           17 b)      The student will be given an in class test with a set of four objective questions (25% mark each complete answer) and the test will last 90 minutes. The student on the exam day will need to register 10 minutes in advance and be seated at the numbered seat allocated by the teacher. The student will need to bring two black ink pens, personal ID card and student card. Paper will be given by the teacher on the day together with the set of questions. The student will be allowed to bring water or any other non-intoxicating drink in class. Any form of cheating will not be tolerated and the student will be invited to leave the class and be given a failure mark

 

 

 

 TEACHING REFERENCES

Student’s Handbook of Macroeconomics prepared by the Lecturer

Lecturer’s PPTs and handouts

Student’s Handbook of Quiz and Assignments of Macroeconomics prepared by the Lecturer

Macroeconomics, 5th Ed, R. Glenn Hubbard and Anthony P. O’Brien, by Pearson Education, U.S., printed by China Machine Press, 2016, ISBN 978-7-111-54776-1

The Penguin History of Economics, by Roger E. Backhouse, Penguin Books, UK, 2002, ISBN 978-0-14-026042-7

Principles of Economics, by N. Gregory Mankiw, 4th Ed, Cencage Learning Asia, Singapore, 2008, ISBN 978-7-302-29320-0

Foundation of Macroeconomics, 2nd Ed, by Robin Bade and Michael Parkin, Pearson Education, 2004, ISBN 7-300-05519-2

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