CB2402Macroeconomics

What you will study

Course overview

This course aims to equip students with the knowledge of fundamental macroeconomic principles that will enable them to analyze and predict how the aggregate economy works, and how government policies affect important macroeconomic variables such as national income, unemployment, inflation and interest rates.The course also encourages discovery learning -- students use what they learn from lectures to discover for themselves how macroeconomics principles are used to predict how the aggregate economy work, and why some countries are richer than others. Students will develop their attitude and ability to discover and innovate through class discussion, problem sets, and exam.

Official PDF, pages 1–2 · Abstract

Course content

1. Nominal and Real GDP. 2. GDP Deflator. 3. Consumer Price Index. 4. Economic Growth, Productivity and Living Standards. 5. Workers, Wages and Unemployment. 6. Saving and Capital Formation. 7. Money, Prices and Central Banks. 8. Business Cycles. 9. Planned Aggregate Expenditure. 10. Fiscal and Monetary Policy. 11. Open Economy 12. Exchange Rates

Official PDF, page 5 · Keyword Syllabus

Intended learning outcomes

View official learning outcomes and conditions

CILOs                                              Weighting (if DEC-A1          DEC-A2          DEC-A3
                                                                  app.)
1              Define basic macroeconomic terms and                20             x
               concepts; discuss how key macroeconomic
               variables are measured and explain what
               the shortcomings in their measurement are.
               Analyze basic macroeconomic concepts and
               synthesize them into a coherent economic
               structure.
2              Analyze and predict the behaviour of the        30                               x
               aggregate economy in the long run. In
               particular, you should be able to analyze:
               a. factors affecting economic growth in the long
               run
               b. how equilibrium is determined in the key
               macroeconomic markets: the markets for labor,
               capital and money.
3              Analyze and predict the behaviour of the           30                            x
               aggregate economy in the short run. In
               particular, you should be able to:
               a. analyze the causes of economic fluctuations
               in the short run
               b. evaluate and utilize relevant fiscal and
               monetary policies that can be used to reduce
               economic fluctuations.
4              Identify the current macroeconomics                20                                            x
               environment of the world, especially that of
               Hong Kong and Mainland China and discuss
               current macroeconomic affairs coherently by
               applying the concepts and theories you learned
               in this course.

Official PDF, page 2 · Course Intended Learning Outcomes (CILOs)

Before you take this course

Check prerequisites, precursors and corequisites separately, together with equivalence and exclusion conditions. “and” means conditions must be met together; “or” marks alternatives. Read combined conditions in the groupings shown in the original text below.

Prerequisites

This edition of the official syllabus does not state this item.

Precursors

Nil

Official PDF, page 1 · Precursors

Corequisites

This edition of the official syllabus does not state this item.

Additional course requirements

This edition of the official syllabus does not state this item.

Equivalent courses and conditions

EF2401 Economics II or FB2401 Economics II

Official PDF, page 1 · Equivalent Courses

Exclusive courses and conditions

Nil

Official PDF, page 1 · Exclusive Courses

Assessment and passing the course

Assessment

Continuous Assessment (%): 50; Examination (%): 50; Examination Duration (Hours): 2

View the original assessment table and instructions

ATs                CILO No.             Weighting (%)        Remarks ("-" for   Allow Use of
                                                                                  nil entry)         GenAI?
1                    Mid-term exam      1, 2, 3, 4           30                   -                  No
2                    Problem sets       1, 2, 3              20                   -                  Yes

Official PDF, page 3 · Continuous Assessment (%),Examination (%),Examination Duration (Hours)

Passing requirements

Students are required to pass both coursework and examination components in order to pass the course.

Official PDF, page 3 · Additional Information for ATs