Course Outline - Principles of Macroeconomics - Summer - 2021

Chittagong Independent University
School of Business
Summer, 2021
Course:
Code: ECN 202/212 | Title: Principles of Macroeconomics/ Macroeconomics | Sec: 1| Credit: 3
Instructor:
Iffat Ishrat Khan
Master of Development Studies, Major: Economic Development (1st Class, 3rd),
Dhaka University
Bachelor of Arts, Major: Politics, Philosophy, Economics (Cum Laude),
Asian University for Women
Class Hours:
Sunday and Tuesday | 12.30 PM - 02.00 PM |
Office Hours:
By appointments
Contact:
CIU Campus 2 | Room 3210 | Phone: +88-01711 362085 | Email: [email protected]
Course description and Objective:
This course is an introduction to the behavioral science of economics which focuses on the
aggregate behavior of households, firms and the government. Topics covered include gross
domestic product, national income, economic growth, unemployment, inflation, the business
cycle, fiscal policy and monetary policy, and international trade. Upon completion of this
course, students should be able to analyze macroeconomic trends and apply them to real
life conditions.
Prerequisites:
Thorough knowledge of college algebra and two dimensional graphs are expected.
Course outline:
 Overview and basic tools of analysis  Money, interest and income

 National income accounting  Commercial and central banking
 Consumption and investment  Monetary and fiscal policy
 Business cycle and the theory of  Unemployment and inflation
aggregate demand  International trade and exchange
 The multiplier model rates
Textbook:
Mankiw, N. Gregory. Principles of Macroeconomics. Delhi: Cenage Learning. 6th edition.

[Will be used in class lecture]
Other References:
 Karl E. Case, Ray C. Fair and Sharon M. Oster, Principles of Macroeconomics,

Prentice Hall, 10th edition.
Attendance:
Regular attendance and punctuality is desirable. Attendance is not limited to your
physical presence in class; class participation is necessary. I expect an interacting class
where you are welcome to raise questions or opinions at any point. Your timely presence
at class will help you and others to concentrate on class and take out the maximum from
class lecture. Class door will be locked up five minutes post the scheduled start time and
you will be considered absent arriving late. Upto two absences will be considered without
penalty; however, marks for class performance for those absences will be deducted.
Assessment:
 20% 1st term  5% Class performance

 25% Midterm  10% Attendance
 10% Assignment/ presentation
 30% Final exam
Grading system (old):
 90 and above A  60-65 C

 85-90 A-  55-60 C-
 80-85 B+  50-55 D+
 75-80 B  45-50 D
 70-75 B-  Below 45 F
 65-70 C+
Grading system (new):
 80 and above A+  55-60 B-

 75-80 A  50-55 C+
 70-75 A-  45-50 C
 65-70 B+  40-45 D
 60-65 B  Below 40 F
Rules of Conduct:
You will be expected to be respectful and tolerant to the whole class. Please refrain from
any unusual behavior which could hart the beliefs and/ or sentiments of others. You are
expected to keep your mobile phone in silence during class time and abstain from any
kind of interaction through it. There will be no make ups for assignments or exams unless
I decide a case exceptional.
Plagiarism:
There will be zero tolerance for plagiarism. Plagiarism includes but not limited to
cheating, copying, sharing assignments and exam scripts and using other people’s idea
without proper citation. You will receive a zero in this course attempting any form of
plagiarism and might be kept in academic probation.
Tentative Class Schedule
May 30, 2021: Introduction + Measuring a Nation’s Income
June 01, 2021: Measuring a Nation’s Income
June 06, 2021: Measuring the Cost of Living
June 08, 2021: Measuring the Cost of Living
June 13, 2021: 1st Term
June 15, 2021: Saving, Investment and the Financial System
June 20, 2021: Saving, Investment and the Financial System
June 22, 2021: Unemployment
June 27, 2021: Unemployment
June 29, 2021: The Monetary System
July 04, 2021: Midterm
July 06, 2021: The Monetary System
July 11, 2021: The Monetary System
July 13, 2021: Money, Growth and Inflation
July 18, 2021: Holiday
July 20, 2021: Holiday
July 25, 2021: Presentation
July 27, 2021: Presentation
August 01, 2021: Money, Growth and Inflation
August 03, 2021: Money, Growth and Inflation
August 08, 2021: Aggregate Demand and Aggregate Supply
August 10, 2021: Aggregate Demand and Aggregate Supply
August 15, 2021: Holiday
August 17, 2021: Aggregate Demand and Aggregate Supply + Review Class
End of class

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Chittagong Independent University

 Overview and basic tools of analysis  Money, interest and income

Mankiw, N. Gregory. Principles of Macroeconomics. Delhi: Cenage Learning. 6th edition.

 Karl E. Case, Ray C. Fair and Sharon M. Oster, Principles of Macroeconomics,

 20% 1st term  5% Class performance

Grading system (old):

 90 and above A  60-65 C

Grading system (new):

 80 and above A+  55-60 B-

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