Pamantasan ng Lungsod ng Maynila

(University of the City of Manila)

Intramuros, Manila
College of Education
Course Syllabus
Foundation of Social Studies
Professor: Paulyne Joanne R. Pascual, MAEd

A. Course Code: SST 2101

B. Course Title: Macroeconomics
C. Course Description:

This course is designed to help the students develop an in-depth understanding of the nature, scope and significance of macro-economics. It provides them with an
understanding the cause and effects of inflation, unemployment, fiscal and monetary policies, modes of taxation, international trade and national income. This course will equip
students with the knowledge in Gross National Policy, Gross Domestic Policy and Consumer Development Index. Through these, the Social studies majors will gain competence
in teaching the subject and eventually lead their future in a higher standard education.

D. Prerequisite: None
E. Credit Units: 3 Units
F. Course Outcome: At the end of the course, the students will be able to:

1. Explain the role of scarcity, specialization, opportunity cost and cost/benefit analysis in economic decision-making.
2. Identify the determinants of supply and demand; demonstrate the impact of shifts in both market supply and demand curves on equilibrium price and output.
3. Define and measure national income and rates of unemployment and inflation
4. Identify the phases of the business cycle and the problems caused by cyclical fluctuations in the market economy.
5. Define money and the money supply; describe the process of money creation by the banking system and the role of the central bank.
6. Construct the aggregate demand and aggregate supply model of the macro economy and use it to illustrate macroeconomic problems and potential monetary and fiscal
policy solutions.
7. Explain the mechanics and institutions of international trade and their impact on the macro economy.
8. Define economic growth and identify sources of economic growth.

Time Allotment Learning Outcome Learning Content Strategies/Activities Resources Assessment

Week 1 1. Discuss the requirements, Course requirement, rules and grading system in the Lecture and Syllabus Reflection paper
rules and grading system in subject Discussion
subject.
2. Present the expected
learning activities and
academic discourse in the
subject.
Week 2 3. Discuss the meaning, nature I. Basic Economic Concepts Lecture and Books Task Sheet
and scope of A. The Essence of Economics Discussion Laptop and
Macroeconomics.  Scope of Economics: Microeconomics and Individual Report projector
 4. Present the difference Macroeconomics Audio visual
between Microeconomics  Characteristics of an Economic Theory presentation
and Macroeconomics.  Application and definition of the Ceteris Paribus Power point
5. Explain the importance of phrase presentation
Economics.  The Method of Economics
6. Expound the ideas of  The Economic System and the Basic Economic
Opportunity Cost and Trade- Question
Off.  Opportunity Cost and Trade-Off
 Circular flow model
Week 3 7. Understand the Demand B. Demand and Supply Lecture and Books Task Sheet
and Supply Curve and  The Demand Curve and the Demand Schedule Discussion Internet
Schedule.  Getting the Slope and their Determinants Individual Report Resources
8. Explain the Market  Shifts in Demand and their Determinants Power point
Equilibrium.  The Supply Curve and the Supply Schedule presentation
 Getting the Slope of the Supply Curve
 Other Factors that Influence Supply
 Market Equilibrium
 Getting the Equilibrium Condition via the Schedule
Approach
 The Graphical Approach
 The Algebraic Equations
 Surplus and Shortage
Week 4 9. Understand the circular flow, II. Measurement of Economic Performance Lecture and Books Task Sheet
gross domestic product in A. National income accounts Discussion Internet
national income accounts.  Circular flow Individual Report Resources
 GDP Power point
 Components of GDP presentation
 Real vs. nominal GDP
Week 5 10. Explain the concept of B. Inflation measurement and adjustment Lecture and Books Task Sheet
inflation and unemployment.  Price Indices Discussion Internet
 Nominal and real values Individual Report Resources
 Costs of Inflation Power point
C. Unemployment presentation
 Definition and measurement
 Types of unemployment
 Natural rate of unemployment
Week 6 11. Understand the Aggregate III. National Income and Price Determination Lecture and Books Task Sheet
Supply and Aggregate A. Aggregate demand Discussion Internet
Demand.  Determinants of aggregate demand Individual Report Resources
 Multiplier and crowding-out effects Power point
 B. Aggregate supply presentation
 Short-run and long-run analyses
 Sticky vs. flexible wages and prices
 Determinants of aggregate supply
Week 7 12. Present the Macroeconomic C. Macroeconomic equilibrium Lecture and Books Task Sheet
Equilibrium in determining  Real output and price level Discussion Internet
national income and price.  Short and long run Individual Report Resources
 Actual vs. full-employment output Power point
 Economic fluctuations presentation
Week 8 Midterm Examination
Week 9 13. Explain the financial sector IV. Financial Sector Lecture and Books Task Sheet
in terms of money, banking A. Money, banking and financial markets Discussion Internet
and financial markets.  Definition of financial assets: money, stocks, bonds Individual Report Resources
 Time value of money (present and future value) Power point
 Measure of Money supply presentation
 Banks and creation of money
 Money Demand
Week 10 14. Discuss the money market, B. Money market Lecture and Books Task Sheet
loanable market at control of C. Loanable funds market Discussion Internet
the money supply. D. Central bank and control of the money Individual Report Resources
supply Power point
 Tools of central bank policy presentation
 Quantity theory of money
 Real versus nominal interest rates
Week 11 15. Discuss inflation, V. Inflation, Unemployment, and Stabilization Lecture and Books Task Sheet
unemployment and Policies Discussion Internet
stabilization policies. A. Fiscal and monetary policies Individual Report Resources
 Demand-side effects Power point
 Supply-side effects presentation
 Policy mix
 Government deficits and debt
Week 12 16. Present the Philips Curve B. Inflation and Unemployment Lecture and Books Task Sheet
and role of expectations.  Types of Inflation Discussion Internet
 Demand-pull inflation Individual Report Resources
 Cost-push inflation Power point
C. The Phillips Curve: short run versus long presentation
run
D. Role of expectations

Week 13 17. Discuss the economic VI. Economic Growth and Productivity Lecture and Books Task Sheet
 growth in terms of
investment and productivity.
Week 14 18. Understand the open
economy in terms of
international trade and
finance.
A. Investment in human capital Discussion Internet
B. Investment in physical capital Resources
C. Research development, and technological Power point
progress presentation
D. Growth Policy
VII. Open Economy: International Trade and Task Sheet
Finance
A. Balance of payments account
 Balance of Trade
 Current account
 Capital account
B. Foreign exchange market
 Demand for and supply of foreign exchange
 Exchange rate determination
 Currency appreciation and depreciation

Week15 19. Discuss net exports and C. Net exports and capital flows Task Sheet
capital flows. D. Links to financial goods markets
20. Present other links to
financial goods market.
Week 16 FINAL EXAMINATION
G. Course Requirements:
Reporting (motivational activity/report/handouts to your classmates and prof) -20%
Class Participation and Attendance-20%
Task Sheet -20%
Major Examination-40%

H. Print Resources and References:

Case. (2017). Principle of Economics Volume 2: Macroeconomics. Pearson Publishing Inc.
Mutya (2018). Economic s woth Agrarian Reform and Taxation. Anvil Books.
Pagoso etal (2017). Introductory Macroeconomics. Rex Book Store
Vinay Jr. etal. (2018). Macroeconomics Simplified. Anvil Publishing