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ECON102 :principles of macroeconomics system

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ECON102 Intermediate Microecon ...

Answer: Introduction: The global economy is interconnected with one another and is highly sensitive to reactions of one or more macroeconomic variables. According to Frydman and Phelps (2013), mac ...

Course

ECON102

Type

sample

University

Singapore Management University

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Principles of Macroeconomics System

The course ECON102 Principles of Macroeconomics System is an undergraduate level course associated with Saylor Academy. The approximate time required for the completion of this course is sixty hours. This course focuses on the principles of macroeconomics. Students will learn how the economy of a country works. They will learn how choices and decisions are made by governing bodies to achieve stable economy and what impact it has on a nation’s well being and standard of living. Students will learn about the basic differences between macroeconomics and microeconomics. Through this course they will understand how price fluctuations are assessed by economists. By the end of this course students will understand how governments are formed and how the policies implemented by the government effect the economy of the nation. This course will help students develop a strong foundation knowledge of the basic concepts in Economics.

The course content of ECON102 is divided into seven major units. In the first unit students will be introduced to the fundamental concepts of Economics. Students will learn the differences between microeconomics and macroeconomics. This unit can be completed in twelve hours. They will learn how microeconomics is more focused on profit making and maximizing while macroeconomics is focused towards achievement of stability in economy and national growth. The second unit lays specific emphasis to concepts of macroeconomics such as gross domestic product, inflation and unemployment. Students will learn about how to investigate the total output generated by an economy. Students will learn how gross domestic product can be used to measure a country’s standard of living and the welfare of the people in the country. The unit will discuss about the situations and philosophical debates regarding the role of government in economy of the market in a country. The third unit will be based on aggregate demand and aggregate supply. Students will learn about what the terms demand and supply mean and their importance in market economy. Students will explore in this unit the various factors influencing the inflation, growth and unemployment at an aggregate level. The fourth unit will be based on equilibrium and growth in economy. Students will learn about economic equilibrium and growth in short and long time periods. In the fifth unit students will learn about money, banking and monetary policies. The sixth unit will cover the relationship between inflation and unemployment. In the seventh unit students will learn about international trad and basic concepts of finance. A study guide will be provided to the students which will help them prepare for their final exam of certification. This guide covers all the important topics from each unit. Location: The location of the university is United States of America. Study Level: The level of study of this course is of undergraduate. Unit Code: The unit code for the course is ECON102.

After the end of the course an exam will conducted online by the university. This exam will be based on the entire course syllabus and cover all the units and their contents. The theoretical knowledge of the students will be tested through this exam. Students will also have to implement their knowledge to solve problems. The exam will comprise of 60 multiple choice questions. Every question will have more than one choice of answers to select from. Students must read the questions carefully and solve them accordingly to get the correct answer and chose from the given options. This exam is closed book and closed notes which means students cannot take help from any sources while answering the questions. The duration of this exam will be two hours. The questions can be answered in any order which the students can decide for themselves based on their comfort. A navigation panel will available on the window which the students will use to jump from one question to another. Questions can be flagged by students if they wish to return to that question after some time. The students will be proctored during the exam time and if they are found using any unfair means they might be not allowed to continue the exam. The passing criteria of the examination is to score 70 % or higher of the total marks in the examination. Students will be allowed to sit with a blank paper to solve questions or make rough works when necessary during the exam.

The weightage that the course ECON102 Principles of Macroeconomics System carries in this semester is based on the importance of academic knowledge of the economics and macroeconomics in the contemporary work in companies and business organizations. The importance of this subject has been realised in various fields of professions. Big decisions taken by companies rely on their perspective understanding and analysis of macroeconomics system. Students have to attempt all the items of the assessments and score passing marks in all of them to get passing grade in the semester in the subject. Students will be marked and graded based on their performance in the assessments which will be guided by the assessment criteria. The weightage allotted to the course by the university is to make sure that students put enough emphasis and study the subject seriously and put the effort to pass their exams and assignments in order to pass through the semester. Achieving high scores will require students to work very hard and put sufficient time in self study. By achieving high grades, they will be able to get high distinction grades and also have a good academic performance in the semester. In the final examination students must be able to score a minimum of 70 % of the total marks or higher in order to receive a Course Completion Certificate. If a student fails in the first attempt in the exam, then the students have the freedom to take the exam as many number times as they want to clear it. There is a seven day gap between each attempt of the final examination.

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