Course Syllabus

1. Course Title

Economic policy and planning

2. Code

EPP 302

3. Credit

3 (45 Hours or 15 Weeks)

4. Course Description
Economic policy and planning is supported and informed by knowledge and understanding of
practical economic problems and policies responding to economic issues. The course is designed
for students who want to know how economic problems do happen in general with solutions of
fiscal policy and monetary policy. Federal Reserve System has been introduced in the course,
followed by short-run and long-run of supply, real economic movement against the economic
theories.
5. Course Objective
The principle aim of this course is to develop a knowledge and understanding of economic policies.
In this course students will learn about different economic issues and policies to respond for
solutions while acquiring necessarily economic analyses. Upon successful completion of this
course, students should:
-

be familiar with the various widely economic policies

be able to use economic policies responding to unexpectedly problematic economy

be able to produce high quality analysis on economic events.

Get familiar with international financial sectors and Federal Reserve system

6. Grade assessment

Assessment Criteria

Percentage

Attendance

10

Group Report, Quiz and Assignment

20

Mid-Term

25

Final Exam

45

Total

100

7. Score and Grade

Percentage

Grades

Grade Point Average (GPA)

Grade Meaning

91-100

4.00

Excellent

85-90

B+

3.50

Very Good

75-84

3.00

Good

65-74

C+

2.50

Fair Good

60-64

2.00

Fair

<60

Fail

8. Course Outline

Week

Topic
Introduction of course outline
Brief discussion on previous chapters 1-10:
Unemployment
Supply and Demand
Inflation
Business cycle
PART 4: FISCAL POLICY TOOLS
CHAPTER 11: FISCAL POLICY
Taxes and Spending 229
Fiscal Stimulus 230
Fiscal Restraint 240
Fiscal Guidelines 243
2

Hours

Summary
CHAPTER 12: DEFICITS AND DEBT
Budget Effects of Fiscal Policy 251
Economic Effects of Deficits 258
Economic Effects of Surpluses 260
The Accumulation of Debt 261
Who Owns the Debt? 264
Burden of the Debt 265
External Debt 268
Deficit and Debt Limits 269
Summary 271

PART 5: MONETARY POLICY OPTIONS

CHAPTER 13: MONEY AND BANKS
What Is Money? 277
The Money Supply 278
Creation of Money 281

The Money Multiplier 287

Banks and the Circular Flow 289
Summary 292
(Mid-Term Exam)

10

CHAPTER 15: MONETARY POLICY

The Money Market 315
Interest Rates and Spending 319
Policy Constraints 321

12
13

3
3

CHAPTER 14: THE FEDERAL RESERVE SYSTEM

Structure of the Fed 297
Monetary Tools 298

11

Increasing the Money Supply 307

Decreasing the Money Supply 309
Summary 311

The Monetarist Perspective 326

The Concern for Content 331
Summary 335

PART 7: POLICY CONSTRAINTS

CHAPTER 18: THEORY VERSUS REALITY
Policy Tools 387
Idealized Uses 391
The Economic Record 393
Why Things Dont Always Work 395
Summary 408

14

Group Presentation

15

Review for final exam

16

Final Exam

Group Presentation

9. Lectured Techniques
Since this course involves both theories and calculation, we employ both inductive and deductive
methods of teaching.
Deductive approach:

General rule Specific examples Practice

Inductive approach:

Specific examples Practice General rule

10. Textbook
The Macro Economy Today, 13rd Edition, Bradley R. Schiller, The University of Nevada- Reno
with Cynthia Hill, and Sherri Wall.
11. References
1. Economics of Money and Banking
2. Economics of Transition and Emerging Markets
12. Notes

1. Group Report: It is strongly recommended that students must work in group between 4 to
6 persons. The teamwork can be problem solving exercises or the writing report, ending
with class presentation. Each student needs to be assessed their performance and effort in
the work so that different scores can be given each student individually despite working in
group.
2. Mid-Term and Final Exams: The exam format consists two parts. The first part
concludes descriptive questions or multiple choice questions. Part two covers the problems
solving exercises.
3. The schedule will be changed if there is in need.