BG2400 Macroeconomics-Outline-W2017 ABAC

ASSUMPTION UNIVERSITY
MARTIN DE TOURS SCHOOL OF MANAGEMENT & ECONOMICS

DEPARTMENT OF BUSINESS ECONOMICS
BG 2400 / ECO 2202 MACROECONOMICS
COURSE SYLLABUS 2/2016
MSM&Es Vision and Mission

Vision:
Mission:
Leading International Business School in ASEAN

Shaping Graduates towards Global Business Excellence
Assumption Universitys Uniqueness and Identity

Uniqueness of the University:
Identity of AU Students:
An International Catholic University

Ethics
English Proficiency
Entrepreneurial Spirit
Course Information
Course Title:
BG 2400 Macroeconomics
Prerequisite(s):
NONE
Class Time:
According to Assigned Section
Class Room:
According to Assigned Section
Each section is divided into 2 sessions a lecture and a discussion.
Classes given in VME 101 and SC 101 are lectures.
Classes assigned elsewhere are discussions.
Student grades are grouped and submitted by discussion, not lecture.
Course Website: http://alcor.concordia.ca/~clau
Instructor Information
Instructors
and emails:
A. Poonyawat S.
posen29 at yahoo.com
Dr. Piyanan S.
piyanan1968 at yahoo.com
Dr. Chui Ha (Carol) L.

clau400 at gmail.com
A. Kyi Cin T.
kyicinthant at au.edu
Dr. Papar K.
adjaan at gmail.com
Dr. Chanikarn T.
chanikarntsm at au.edu
Dr. Zhuo Ran (Jerry) Z.

jerryzzr@gmail.com
Office Hours:
- By appointment with your instructor(s) only.
BG 2400/ECO 2202 Macroeconomics 2/2016 (Course Outline)
Course Description
Overall picture of economic systems and theories including gross domestic product, national
income, economic growth, inflation, saving and investment, foreign exchange market, role
of government and Central Bank in fiscal and monetary policies, aggregate expenditure,
aggregate demand and supply, balance of trade, balance of payment, mechanism for
allocating scarce resources, business cycle, international trade policies, basic economic
development, economic problems, and economic decisions.
Course Objectives
Upon the completion of the course, the students will be able to:
Understand important macroeconomic concepts and identify macroeconomic
problems.
Discuss and interpret key economic indicators.
Explain and analyze basic macroeconomic models.
Describe the role of commercial banks and the central bank in an economic system.
Analyze the impacts of the fiscal and monetary policies on the overall economy.
Discuss the basic concepts of international trade and exchange rate regimes.
Textbook
Required:
Campbell R. McConnell, Stanley L. Brue and Sean M. Flynn (2015),

Macroeconomics (20th ed.), McGraw-Hill (etext and Connect). The etext is our
courses electronic textbook, and Connect is the program we use for
submitting weekly quizzes.
The access code cards for the McGraw-Hill etext and Connect package can be
purchased at the ABAC bookstore from both the Suvarnabhumi and Hua Mak
Campuses. These cards should be available for purchase immediately.
Website:
http://www.mheducation.com
Marks Allocation
Quizzes (Internet-based)
Assignments and Participation:
Midterm Exam:
Final Exam:
Total
20%
15%
30%
35%
100%
By using McGraw-Hills Connect program

Assigned in Discussion Sessions
On Friday March 10th, 2017 from 15:00-17:00
On Wednesday May 24th, 2017 from 9:00-12:00
Exams and Participation

Quizzes (Internet-based):
There are approximately 10 online quizzes during the

semester. Each quiz consists of 20 multiple-choice questions
with a duration of 30 minutes. Students are allowed up to
THREE attempts for each quiz, and the best score will be
recorded automatically.
Midterm Exam:
Consists of 40 multiple-choice questions. Midterm exam

includes Chapters 7, 8, 9, 10 and 11.
Final Exam:
Consists of 60 multiple-choice questions. Final exam includes

Chapters 12, 13, 14, 15, 16, and 21. However, macroeconomic
concepts are cumulative by nature. The materials covered in
these latter chapters are built on the concepts covered in the
previous chapters.
Assignments:
Students are required to practice questions in the discussion

sessions. Students gain 1% of the course evaluation each week
if they submit their answers to all discussed questions to their
instructor at the end of the discussion class. Answers to these
questions will be posted at http://alcor.concordia.ca/~clau on
the Saturday or Sunday of the week these questions are due.
Policy on online Quizzes

Students are required to register for an online quiz based on the students section. Each
section has a different registration URL address (see next page). For example, a student who
enrolls in section 415 must register at http://connect.mheducation.com/class/w2017macro-section-415. The deadline for registration is February 28th 2017.
After registration, students are required to complete the assigned quizzes provided via the
McGraw-Hill Connect website. The first quiz will be assigned on the third week of the
semester. Students are given up to THREE submissions per quiz. The questions in each quiz
are drawn randomly from the material based on the lecture on the week before. For
example, the quiz 2 is based on Chapter 8 (see course schedule below).
The final score for a given quiz will be taken automatically from the highest score from all
submissions. For each quiz, the submissions start from Monday and will be closed on
Sunday at 11:59 PM (GMT+7, Bangkok) for that week. Any submission after the deadline will
NOT be recorded. Therefore, all quizzes are due on Sundays, at or before 11:59 PM.
At the end of the semester, the total scores are collected from the students performance
based on the online quiz results. There are approximately 10 online quizzes throughout the
semester. The overall scores from the online quizzes will be accumulated into 20% of the
students grade.
If the students need any assistance, please contact their discussion instructors directly.
Sections
McGraw-Hill online QUIZ registration URL addresses for each section:

Lecture: Monday, 9:00-10:30, Dr. Chui Ha (Carol) L.
401
http://connect.mheducation.com/class/w2017-macro-section-401
402
403

404
405
406

407
408
409
Lecture: Tuesday, 12:00-13:30, Dr. Piyanan S.

410
411
412
Lecture: Tuesday, 13:30-15:00, Dr. Piyanan S.

413
414
415
Lecture: Wednesday, 13:30-15:00, Dr. Piyanan S.

416
417
418
Lecture: Wednesday, 15:00-16:30, Dr. Piyanan S.

419
420
421
Lecture: Thursday, 9:00-10:30, Dr. Zhuo Ran (Jerry) Z.

422
423
424
Lecture: Thursday, 10:30-12:00, Dr. Zhuo Ran (Jerry) Z.

425
426
427
Lecture: Tuesday, 9:00-10:30, A. Kyi Cin T.

428
429
430
Course Schedule (Subject to Change)

Week
Dates
Lecture (Approximate, depending on lecture pace)
Discussion (To be Updated

throughout the semester)
Jan 9 15
Course Outline
Online Quiz Registration
Jan 16 22
Chapter 7 Measuring Domestic Output and National

Income
To be Updated
Jan 23 29
Chapter 8 Economic Growth
To be Updated
Jan 30 Feb 5
Chapter 9 Business Cycles, Unemployment, and

Inflation
To be Updated
Feb 6 12
Chapter 10 Basic Macroeconomic Relationships
To be Updated
Feb 13 19
Chapter 10 + Chapter 11 The Aggregate Expenditure

Model
To be Updated
To be Updated
6
7
Feb 20 26
Chapter 11 The Aggregate Expenditure Model
Feb 27 Mar 5
Wrap Up and Review
Mar 6 14
Midterm Examination
10
Mar 15 19*
Questions and Answers from Students
11
Mar 20 26
Chapter 12 Aggregate Demand and Aggregate Supply
12
Mar 27 April
2
Chapter 13 Fiscal Policy, Deficits, and Debt
Quiz Due
Date
Quiz 1
Quiz 2
Quiz 3
Quiz 4
Quiz 5
Questions and Answers

from Students
To be Updated
To be Updated
Quiz 6
13
April 3 9*
Chapter 14 Money, Banking, and Financial Institutions
14
April 10 16*
Questions and Answers from Students
Questions and Answers

from Students
To be Updated
15
April 17 23*
Chapter 15 Money Creation
To be Updated
Quiz 8
Quiz 9
16
April 24 30
Chapter 16 Interest Rates and Monetary Policy
To be Updated
17
May 1 7*
Chapter 21 The Balance of Payments, Exchange Rates,

and Trade Deficits
To be Updated
18
May 8 14*
Chapter 21, Wrap Up and Review
19+
May 15 29
Final Examination
Remarks:
Quiz 7
Quiz 10
Week 10: March 13th and 14th are part of the midterm period, therefore, no classes.
Lectures and discussions scheduled on March 15th, 16th and 17th are optional. Lectures
and discussions will not cover new material. Students can attend lectures and
discussions if they have questions to ask the lecturers.
Week 13: April 6th, Thursday, no class. Students who have discussions scheduled on this
day will automatically receive 1%. Students who have lectures scheduled on this day
should attend other lectures in the week and view the online lecture videos. Additional
in-class written lecture notes may be posted on the course website.
Week 14: April 13th, Thursday, and April 14th, Friday, no classes. Lectures and discussions
scheduled on April 10th, 11th and 12th are optional. Lectures and discussions will not
cover new material. Students can attend lectures and discussions if they have questions
to ask the lecturers.
Week 15: April 17th, Monday, no class. Students who have lectures scheduled on this day
Week 17: May 5th, Friday, no class. Students who have discussions scheduled on this day
will automatically receive 1%.
Week 18: May 10th, Wednesday, no class. Students who have discussions scheduled on
this day will automatically receive 1%. Students who have lectures scheduled on this day
COURSE INFORMATION IN MORE DETAILS

Course Objectives
The goal of this course is to introduce macroeconomic concepts and theories to students,
and to empower them with such learned knowledge to understand and perhaps provide
constructive solutions to current economic issues and problems.
Language of Instruction
English is the only language of instruction for this course. This means you must
communicate in English with the instructor both inside and outside of the classroom (such
as writing the exam or seeking help during office hours). You must also speak to your
classmate in English during class. (This policy is imposed to maintain the quality, and more
importantly, the fairness of teaching in all sections.)
Office Hours and Review
Regular office hours are listed in front of each lecturers office. Students should not let
questions accumulate until the week before a quiz or an exam. It is not healthy to panic at
the last minute and it is difficult to work things out under pressure. More importantly, the
course materials are highly related. Therefore, there will be a snowballing effect if you do
not keep up with the materials. It will be very hard to catch up.
For students with a legitimate time conflict with the office hours, you can make an
appointment with lecturers by email when you need help. Normally, lecturers give review
session before each exam.
Communication Policies
When students need to contact lecturers via email, please use the email address stated on
the first page.
Indicate on the subject the course number and your discussion section number for
example, BG 2400, Section 401.
Emails sent to the wrong email address would not be answered (because the
instructors do not check other emails regularly).
The email should have proper subject heading.
Address your lecturers properly. Use Professor/Professor Name for those with an
academic title (e.g. Assistant Professor). Use Dr. for those with a PhD. Never ever use
the words Teacher nor Ms/Mrs to address lecturers with a PhD. For some, these
are considered insulting terms.
No mixing of English with Thai (or any other languages) words, e.g. no Ka/Krub, no
Ajarn such a conduct is deemed unprofessional, and hence it is impolite to write so
to an instructor.
If there is an important announcement (e.g. extra office hours), lecturers may make
students aware in class or via class website.
Exam Policies
All exam scores will be posted on our course website. Students are not allowed to keep their
final exams. If you would like to review your exams, please make an appointment with your
discussion group lecturer.
Grade Appeals
If you are not satisfied with how your exam is graded, you may submit a grade appeal in
writing. If you choose to do so, your entire exam will be reviewed. There will not be a partial
re-grading, and you may receive a lower grade after the appeal.
Grade Assignment
Your course grade will be based on your total score out of 100 with some small curve
adjustments. Below is a list of the worst possible grade for each score range.
Assignment and Participation:
Quizzes:
Midterm Exam:
Final Exam:
Total
15%
20%
30%
35%
100%
A
AB+
B
BC+
C
CD
F
85-100
80-84
75-79
70-74
65-69
60-64
50-59
45-49
40-44
below 40
For example, if you earn 83 out of 100, your worst possible grade is an A-. You may end up
with an A for the course after the curve adjustments.
Classroom Policies
Students need to comply with AU Dress Code, Time Conflict Examination Regulations,
Laws on Smoking Cigarette, and Restrictions on Foods and Drinks V10.1, June 2010.
Attendance policies:
2 times of ten-minute late for class is considered as 1 absence.
Makeup classes are not allowed.
80% attendance is strictly required regardless of any reason.
No checking attendance for other classmates. Violation of the policies will result in
being automatically withdrawn from the class.
Attendance is checked since the first day of class regardless of any reason. Thus,
students excuses for absences including adding the subject late, medical reports,
being away for work and travel programs, etc. will not be considered under any
circumstances.
Dress code:
Follow AU dress code
Improper dress code will result in no attendance checked.
Additional Information
Any further information will be announced in the classroom.
AU Dress Code, Time Conflict examination regulations, Laws on Smoking Cigarette, and Restrictions on Foods
and Drinks V10.1, June 2010
AU Dress Code Requirements

Following are the Universitys dress codes students are obligated to strictly observe upon
entering campus, attending classes, and using the Universitys facilities on weekdays,
except in sport arenas, AU mall and resident halls:
Tuck the rim of their shirts or blouses in their trousers or skirts,
Wear only black, brown, dark blue or gray coloured trousers (for male students), and kneelength straight skirts (for female students)
Please note that when attending the Universitys formal functions i.e. examinations,
quizzes, ethic seminar, class presentations, field trips etc., students are required to wear full
uniform with the design stipulated in the Universitys dress code.
Furthermore, the dress codes also proscribe the wearing of the following:
below-waist trousers or skirt.

tight trousers/blouses, or short skirt.
trousers or skirts made from jeans, corduroy or velvet.
trousers with the design resemble to jeans (for male students).
half-pleated skirt with design similar to straight skirt on the upper part and pleated skirt on
the bottom part (for female students).
Breaching the aforementioned dress codes will result in students being denied entry or being
requested to leave the universitys premises, or being dismissed from classes in such case,
students may lose their class attendance. The rule of debarment will also be applied to the
students with less than 80% class attendance.
(Lecturers and university officers have been authorized to deny university entry permission to
students violating this regulation and to request them to leave universitys premises, as well as to
confiscate their student ID card)
Please note that all AU students are obligated to carry the Universitys student ID card upon
entering the Universitys premise, and present it to the University Officers upon being
requested. Failing to present their student ID card irrespective of reasons will subject
students to a fine of up to 200 baht.
Remark: Students whose ID cards are confiscated are required to contact Students Affairs Office
(13th floor, CL Building; or 3rd floor, Students Organization Building for the ID card being confiscated
at Suvarnabhumi campus or Hua Mak campus respectively), within 5 working days after their ID
cards are confiscated to retrieve their ID cards, pay a fine of up to 200 baht, and be informed about
other punitive actions, if any. Students who do not retrieve their ID cards within the stated period
will be required to apply and pay 200 baht fee for their new students ID card. The process of
applying for the new ID cards requires students to obtain a letter from Office of Students Affairs to
verify the termination of their ID cards, and subsequently contact the Bank officers for their new ID
cards. For future reference, it is advisable for the students to ask for names of lecturers or officers
who confiscated their ID cards.
"Time Conflict Examination Application Procedure"

Period to apply for time conflict examination.
AT1. As stipulated in the registration regulations, only graduating students will be allowed to
appear for the time conflict examinations without obtaining Dean's approval, provided that
their petition is turned in to the Office of Registrar within specified period (refer to AT3), as
such, the non-graduating students must ascertain during the pre-registration and adding
periods that the subjects they prefer to enroll or add do not have examination time conflict.
AT2. Should the non-graduating students wish to enroll or add the subjects with conflicting
examination time, advices and approval for the time conflict examination must be obtained
from the Dean prior to their registration of the subjects. The Dean concerned may exercise
his/her discretion in declining the non-graduating students' request for time conflict
examination. The decision of the Dean pertaining to the request is final.
AT3. All petitions for the time conflict examination for both graduating and non-graduating
students who obtain the Dean's approval must be submitted to Office of Registrar within the
first three weeks (15 working days) of the semester/summer session.
AT4. The students need to keep the "receipt" issued by the Office of Registrar, and present it to
the Office in case that their names are not included in the "time conflict examination list".
AT5. Ignorant of the Time Conflict Examination Application Procedures or personal reasons
causing students to miss the Time Conflict Examination Applications dead line are not
justifiable reasons for the late submission of the Time Conflict Examination Application.
Checking the time conflict examination schedule and venue
SV1. The students are also required to contact Office of the Registrar five working days before the
first day of the examination period for the time conflict examination schedule as well as the
"time conflict examination room". Usually the date of the examination with time conflict
would remain unchanged, while the examination time would be rescheduled i.e. one subject
would take place before the other - "back-to-back examinations", and the venue would be
the examination room designated only for Time Conflict Examination".
Venue for Time Conflict Examination
The students must appear for the examinations, only in the assigned "Time Conflict Examination
Room". Should the students sit for the examination of any subject with time conflict examination in
regular examination rooms, they will not be allowed to appear for another examination or apply for
"late examination", and will hence obtain automatic withdrawal for the subject.
Law on smoking cigarette

As the Health Ministry stipulates the University as a health protection area where smoking is
prohibited, hence smoking cigarette is only allowed in the designated areas. Breaching the law will
subject students to a fine of 2,000 baht.
Restrictions on Foods and Drinks in the classroom buildings

Foods and Drinks are not allowed to be brought into classroom buildings. Should the students
violate the regulation, their students ID card will be confiscated.
Office of Vice President for Academic Affairs
10

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ASSUMPTION UNIVERSITY

MARTIN DE TOURS SCHOOL OF MANAGEMENT & ECONOMICS

MSM&Es Vision and Mission

Leading International Business School in ASEAN

Assumption Universitys Uniqueness and Identity

An International Catholic University

Dr. Chui Ha (Carol) L.

Dr. Zhuo Ran (Jerry) Z.

- By appointment with your instructor(s) only.

BG 2400/ECO 2202 Macroeconomics 2/2016 (Course Outline)

Campbell R. McConnell, Stanley L. Brue and Sean M. Flynn (2015),

By using McGraw-Hills Connect program

BG 2400/ECO 2202 Macroeconomics 2/2016 (Course Outline)

Exams and Participation

There are approximately 10 online quizzes during the

Consists of 40 multiple-choice questions. Midterm exam

Consists of 60 multiple-choice questions. Final exam includes

Students are required to practice questions in the discussion

Policy on online Quizzes

BG 2400/ECO 2202 Macroeconomics 2/2016 (Course Outline)

McGraw-Hill online QUIZ registration URL addresses for each section:

Lecture: Monday, 10:30-12:00, Dr. Chui Ha (Carol) L.

Lecture: Monday, 13:30-15:00, Dr. Chui Ha (Carol) L.

Lecture: Tuesday, 12:00-13:30, Dr. Piyanan S.

Lecture: Tuesday, 13:30-15:00, Dr. Piyanan S.

Lecture: Wednesday, 13:30-15:00, Dr. Piyanan S.

Lecture: Wednesday, 15:00-16:30, Dr. Piyanan S.

Lecture: Thursday, 9:00-10:30, Dr. Zhuo Ran (Jerry) Z.

Lecture: Thursday, 10:30-12:00, Dr. Zhuo Ran (Jerry) Z.

Lecture: Tuesday, 9:00-10:30, A. Kyi Cin T.

BG 2400/ECO 2202 Macroeconomics 2/2016 (Course Outline)

Course Schedule (Subject to Change)

Lecture (Approximate, depending on lecture pace)

Discussion (To be Updated

Online Quiz Registration

Chapter 7 Measuring Domestic Output and National

Chapter 8 Economic Growth

Chapter 9 Business Cycles, Unemployment, and

Chapter 10 Basic Macroeconomic Relationships

Chapter 10 + Chapter 11 The Aggregate Expenditure

Chapter 11 The Aggregate Expenditure Model

Wrap Up and Review

Questions and Answers from Students

Chapter 12 Aggregate Demand and Aggregate Supply

Chapter 13 Fiscal Policy, Deficits, and Debt

Questions and Answers

Chapter 14 Money, Banking, and Financial Institutions

Questions and Answers from Students

Questions and Answers

Chapter 15 Money Creation

Chapter 16 Interest Rates and Monetary Policy

Chapter 21 The Balance of Payments, Exchange Rates,

Chapter 21, Wrap Up and Review

BG 2400/ECO 2202 Macroeconomics 2/2016 (Course Outline)

COURSE INFORMATION IN MORE DETAILS

The email should have proper subject heading.

BG 2400/ECO 2202 Macroeconomics 2/2016 (Course Outline)

BG 2400/ECO 2202 Macroeconomics 2/2016 (Course Outline)

BG 2400/ECO 2202 Macroeconomics 2/2016 (Course Outline)

AU Dress Code Requirements

below-waist trousers or skirt.

BG 2400/ECO 2202 Macroeconomics 2/2016 (Course Outline)

"Time Conflict Examination Application Procedure"