Contemporary Economics II-E2

Numbering Code U-LAS06 10010 LE43 Year/Term 2021 ・ Second semester
Number of Credits 2 Course Type Lecture
Target Year All students Target Student For all majors
Language English Day/Period Wed.3
Instructor name Ma Teng (Graduate School of Economics Program-Specific Senior Lecturer)
Outline and Purpose of the Course This cause is an introductory undergraduate course that teaches the fundamentals of macroeconomics and application of economics concepts. It provides a solid foundation for macroeconomic analysis and thinking that can last throughout their education and subsequent professional careers.
Course Goals After completing this course, students should have developed a range of skills enabling them to understand economic concepts and use those concepts to analyze specific questions.
By the end of this course, students should be able to understand economic growth, recession/booms, un-/employment, de-/inflation, and the financial system.
Schedule and Contents Course Description:
This course begins with an introduction to supply and demand and the basic forces that determine an equilibrium in a market economy. Next, it introduces a framework for learning about macroeconomics indicator, such as the Gross Domestic Product (GDP) and the Consumer Price Index (CPI). We then turn our attention to specific economic problems such as recessions, unemployment, inflation, international trade etc. The final section of the course provides an opportunity of independent learning. It helps students to deeply understand basic tools of macroeconomics and the way to apply them to real world economic policy.

Content Outline:
1. What is Economics
2. Economic Methods and Questions
3. Optimization, Choice in the World of Scarcity
4. Equilibrium, Demand and Supply
5. Pricing Elasticity
6. The Macroeconomic Perspective
7. Inflation and The cost of Living
8. Economic Growth
9. Employment and Unemployment
10. Money and Banking
11. Monetary Policy and Bank Regulation
12. The International Trade and Capital Flows
13. Students’ Conference on Selected Macroeconomic Topics (I)
14. Students’ Conference on Selected Macroeconomic Topics (II)
15. Feedback

Course Methodology:
The course will use primarily interactive lectures and case studies to help students develop knowledge of “real world” economics. Quizzes will be spread out over the term of the course. The last three lectures will be accompanied by group presentation, all students are required to participate. Group will be required to select a research topic a list of topics presented by the instructor.
Evaluation Methods and Policy Quizzes (6/10); Presentations (4/10);
Course Requirements None
Study outside of Class (preparation and review) - Prepare and review class contents (textbook).
- Complete and submit all assignments, and take quizzes by the assigned due dates.
Textbooks Textbooks/References Principles of Macroeconomics. 2e (2017), Steven A. Greenlaw, David Shapiro, Timothy Taylor., (Openstax), ISBN:9781947172388
References, etc. Principles of Macroeconomics. 8e (2018), Mankiw, NG, (Cengage Learning)
Macroeconomics. 5e (2014), Williamson, SD