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NATIONAL ECONOMICS UNIVERSITY

Trn i Ngha Street, Hanoi. Website: www.neu.edu.vn

PRINCIPLES OF MACROECONOMICS
1. Course details
Pre-requisite(s):

No

Lecturers/Tutors:

Phm Th Anh, PhD

Times and rooms:

TBA

Mode of assessment:

One final exam

Additional work:

Mid-term tests/Assignments/Presentations

Examination Periods:

TBA

2. Aims and objectives


Aims: The aim of this course is to lay an understanding of the most important
concepts in Macroeconomics and the functioning of some Macroeconomic models.
Objectives: At the end of the course students should
-

have a basic understanding of the definition and importance of the following


Macroeconomic concepts: Gross Domestic Product, Consumer Price Index,
Inflation, Unemployment, the Exchange Rate, the Balance of Payments;

have an understanding of the role of money, how it is created and how it can
affect the economy;

have an understanding of the exchange rate market and how it affects an open
economy.

be able to construct and use aggregate demand and aggregate supply model to
analyze short run fluctuations and long run adjustment of the macroeconomy;

have an understanding of and be able to use the AD-AS model to analyze the
effects of fiscal policy and monetary policy;

3. Textbooks:
Mankiw N. Gregory, Principles of Macroeconomics, Harcourt College Publisher, Third
Edition (2004). An excellent basic textbook that covers much of the core material at an
introductory level.
Further Readings:

Mankiw N. Gregory, Macroeconomics, Worth Publisher, Fifth Edition (2003).


Hall Robert and Lieberman Marc, Economics: Principles and Applications, Second
Edition (2003)
Other economic columns/speeches/blogs (Optional)
The list of topics that we will cover is presented below. Selected chapters of the two
books given above should be read in parallel to the lecture notes.
1. Introduction and the Data of Macroeconomics: GDP and GDP per capita,
Nominal and Real GDP, the Consumer Price Index and Inflation (chapter 10-11,
Principles of Macroeconomics and chapter 2, Macroeconomics );
2. The Real Economy in the Long Run: Production and Growth; Saving,
Investment, and the Financial System; Unemployment and its Natural Rate
(chapter 12-13-14, Principles of Macroeconomics);
3. The Monetary System and Inflation (chapter 15-16,
Macroeconomics, chapter 4 and 18, Macroeconomics);

Principles

of

4. The Macroeconomics of Open Economies (chapter 17, Principles of


Macroeconomics; chapter 29, Economics: Principles and Applications);
5. Short Run Economic Fluctuations: Aggregate Demand and Aggregate Supply;
The Influence of Monetary and Fiscal Policy on Aggregate Demand; The Short
Run Trade-off between Inflation and Unemployment (chapter 19-20-21-22,
Principles of Macroeconomics)
6. Macroeconomic Policy Debates (chapter 23, Principles of Macroeconomics)
4. Further information about assessment
Midterm Tests/Assignments:

Weighting:

40%, Length: TBA

Examination:

Weighting:

60%, Length: Two Hours

Structure of the final exam:


The final exam contains multiple choice, analytical and problem solving questions. It is
structured as follows.
-

20 multiple choice questions (40 marks);

one question on topic 1 or 2 (20 marks);

one question on topic 3 or 4 (20 marks) and;

one question on topic 5 or 6 (20 marks).

And note that each main question contains at least two sub-questions.
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