UNIVERSITY OF THE PHILIPPINES

School of Economics

Economics 100.1
Introduction to Macroeconomics

R. Reside/ 2nd Semester, A.Y. 2018-2019__

Text: Samuelson P. and Nordhaus, Economics, 19th Edition (2010). New York: McGraw Hill &
Irwin

I. Basic Concepts: Economic Fundamentals, Markets and Government, Basic Elements

of Supply and Demand. Chs. 1-3.
Overview of Macroeconomics: Aggregate Supply and Demand, Measurement of
Economic Activity. Chs. 19-20

FIRST LONG EXAMINATION (February)

II. Determination of National Income: The Short Run

Consumption and Investment, Business Fluctuations, Foundations of Aggregate
Demand, Multiplier Model, Fiscal Policy, Money and Banking, Monetary Policy.
Chs. 21-24

SECOND LONG EXAMINATION (March)

III. Economic Growth and the Long-Run

The Process of Economic Growth Ch. 25
The Challenge of Economic Development Ch. 26

IV. The Open Economy

Exchange Rates and the International Financial System, Open Economy
Macroeconomics Chs. 18, 27-28

THIRD LONG EXAMINATION (April)

V. Unemployment, Inflation and Economic Policy

The Foundation of Aggregate Supply, Unemployment Ch. 29
Inflation Ch. 30
Frontiers of Economic Policy Ch.31

FOURTH LONG EXAMINATION (May)

FINAL EXAMINATION
Course Requirements:

Final Grades will be made on the basis of the four (4) long examinations and a
comprehensive Final Exam. Exemptions from the latter will be given if a student meets both of
the following requirements:

(i) takes and passes each of the four long exams, i.e., obtains a score of at least 50,
equivalent to a grade of 3.0 and:
(ii) has an average of at least 70 points for the four long exams, equivalent to a grade of
2.50.

For those whose raw score average for the four exams is failing, the final exam will have a
weight of 50%. For those whose average is passing but are not exempted, the final exam will
have the weight of one exam.

Students are required to bring their ID’s during tests. No ID, no test. There will be no make-
up exams.

Grade equivalents:

Raw Score Grades Raw Score Grades

<50 5.00**
50.0 – 60.0 3.00 81.0 – 85.0 1.75
61.0 – 65.0 2.75 86.0 – 90.0 1.50
66.0 – 70.0 2.50 91.0 – 95.0 1.25
71.0 – 75.0 2.25 96.0 + 1.00
76.0 – 80.0 2.00

All tests will have a total raw score of 100 points. The scores in the 4 long tests will be
averaged. Perfect attendance will be rewarded with PLUS 5 points in the long test average
score. One missed class will merit PLUS 2 points in the long test average score.

**No grade of 4.0 will be given (you either pass or fail).

Teaching Fellows hold office in UPSE Room 219, Dr. Renato E. Reside, Jr. in the Public Affairs
office of UPSE. Consultation hours will be announced during discussion period.