POLITEKNIK SULTAN SALAHUDDIN ABDUL AZIZ SHAH

POLITEKNIK SULTAN SALAHUDDIN ABDUL AZIZ SHAHDEPARTMENT OF COMMERCECourse outline

Courses:MACROECONOMICSCode:PB202Credit Hours:3.0Duration:1 Semester (15 weeks)Contact Hours:Theory (45 hours) / Practical (15 hours)Lecturer:

SYNOPSIS

MACROECONOMICS provides information on the concepts of economics as a whole. The course emphasizes the role of economics sectors in determining the GDP. This course also provides information on the importance of government policy to overcome the economic problem.

LEARNING OUTCOMES

Upon completion of this course, student should be able to :1. Apply precisely the knowledge of basic macroeconomic theory in the world of economy issue.2. Calculate precisely the national income accounting and prepare the national income equilibrium determination in economic sector.3. Write briefly in group the information on the tools of fiscal and monetary policy that impact to the economic system based on case study given.4. Determine effectively the impact of macroeconomic problems to the economic system in current economic trend.

SUMMARY

1.0 INTRODUCTION TO MACROECONOMICConcept of macroeconomic and the importance of government policy to overcome the economic problem.

2.0 NATIONAL INCOME ACCOUNTINGConcepts, calculation method, accounting problems and factors influencing national income and uses of national income data.

3.0 DETERMINATION OF NATIONAL INCOME EQUILIBRIUMFlow of income for two-sector, three-sector and open economic sectors. The equilibrium of two sector, three-sector and open economic-sector.

4.0 ROLE OF GOVERNMENT AND FISCAL POLICYRole of government and fiscal policy in economic system.

5.0 MONEY AND MONETARY POLICYDefinition and function of money, demand and market equilibrium of money, commercial banks, central bank and influence of money supply and monetary policy in the economic system.

6.0 INFLATION AND UNEMPLOYMENTTypes and effect of inflation and unemployment to the economy.

7.0 INTERNATIONAL TRADERole of international trade, effect of balance of payment and exchange rate to economic development.

ASSESSMENT

i. Continuous Evaluation (CE)-50%Continuous Evaluation (CE)Percentage

Quiz - 320%

Test - 230%

Tutorial exercises 215%

Case study 125%

End of Chapter -110%

Total100%

ii. Final Examination(FE)-50%(Final Examination is carried out at the end of the semester)

REFERENCES

Deviga Vengedasalam & Karunagaran Madhavan (2007). Principles of Economics.Shah Alam: Oxford Fajar Sdn Bhd.

Karl E. Case & Ray C. Fair (2007). Principles of Economics, Eight Edition: Pearson PrenticeHall, Pearson Education Malaysia, Pte. Ltd.

Rudiger Dornbusch, Stanley Fischer and Richard Startz (2008). Macroeconomics, TenthEdition: MC. Grow-Hill Education (Asia).

Sarimah Hanim Aman Shah (2008). Principles Of Economics, Shah Alam: Oxford FajarSdn Bhd.

Stephen L. Slavin (2002). Economics, Sixth Edition: MC Grow-Hill Companies, Inc.Avenue of the Americas.

PB202/MACROECONOMICS/jun 2012