SCHOOL OF BUSINESS AND ECONOMICS

MBA Program
Course Name
Economic Conditions Analysis
Course Code
& Section No BUS 530, Section 5
Semester Summer 2020

INSTRUCTOR AND DEPARTMENT INFORMATION

1. Instructor Name: Dr Mohammad Monirul Hasan
2. Office Location TBD

3. Office Hours: R 5:30 PM-7.00 PM

4. Office Phone:

5. Email Address: [email protected]

6. Department: Economics

7. Links: North South University Website: http://www.northsouth.edu

Course Website: Refer to NSU Resources

Course materials link: https://bit.ly/3gaGKLE

8. Emergency: +8801736060557

COURSE INFORMATION
Class Time & R 7.00 PM-10.10 PM (Section-5) NAC-618
Location

Course This course is based on the foundations laid in Managerial Economics unit. Basic
Prerequisite(s) understanding of Mathematics (especially calculus) is preferred.
Course Credit 3.0
Hours
Course Description Business decisions and outcomes depend critically on the state of the economy and how
economic conditions change over time. The purpose of this second economics course in the MBA
program is to provide the students with an understanding of the economic indicators that
describe the conditions of an economy and the factors that influence these indicators. Thus, the
focus of this course will be on economy-wide phenomenon such as national income,
unemployment, inflation, aggregate demand and aggregate supply, fiscal and monetary policy,
economic growth, international trade etc. The course will involve studying the definition and
measurement of these concepts, their determinants and interrelationship, and how they are
affected by public policies. The working of the overall economy will be examined both in the
context of short-run and long run and will incorporate the role of the external sector and links
with the global economy in influencing both the stability and growth of domestic economies.
Course Objectives The objectives of this course are to introduce key macroeconomic concepts to students and
equip them with useful tools so that they learn to analyze the complex interaction between
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 today’s business world and economic conditions.
Student Learning By successfully completing this course, students should be able to:
Outcomes (SLO) 1. Compute and explain the basics of the major macroeconomic measures such as GDP, real GDP,
unemployment and inflation.
2. Apply both aggregate demand/supply and aggregate expenditure analyses to determine
aggregate output.
3. Evaluate the role of fiscal and monetary policy in bringing about changes to aggregate output
and price level.
4. Explain gains from trade and provide arguments for and against trade restrictions.
5. Explain the working of the foreign exchange market and determination of the exchange rate.
6. Utilize economic data to analyze economic situation that has implications for business
prospect.
SUGGESTED TEXT BOOKS
Suggested Texts:
 Arnold, Roger A. 2019. Macroeconomics. 13th Edition. Cengage Learning.
 Mankiw, Gregory N. 2013. Macroeconomics, 8th Edition, Macmillan - International Edition.
 Parkin, Michael. 2014. Economics 11th Edition. Pearson - Global Edition.

TEACHING STRATEGY
For each topic, I will prepare lecture slides that the students can download from my Website (PDF version) as well as
the Resource drive (PPT version). During lectures, I will use these slides to explain the topics in as much detail as
possible. I will often present additional materials that will not be in the lecture slides and therefore, students are
expected to take notes to supplement the lecture slides. Students are encouraged to ask questions and participate
actively in class. The tentative lecture plan is given below:

Relevant Chapters
Lecture No. Date Day Topic (A: Arnold, M: Mankiw,
P: Parkin)
1 1st half 0. Introduction & General Discussion -
nd
July 2 Thursday
2 half 1. Measures of Unemployment and Inflation A: 6, M: 2, P: 22
st
1 half Cont… 1. Measures of Unemployment and Inflation A: 6, M: 2, P: 22
2 nd
July 9 Thursday
2 half 2. National Income Accounts, GDP and Real GDP A: 7, M: 2, P: 21
st
1 half Cont… 2. National Income Accounts, GDP and Real GDP A: 7, M: 2, P: 21
3 nd
July 16 Thursday
2 half 3. Aggregate Demand and Aggregate Supply A: 8, M: 10, P: 27
st
1 half Cont… 3. Aggregate Demand and Aggregate Supply A: 8, M: 10, P: 27
4 July 23 Thursday 4. Short-run and Long-run equilibria in the AD-AS
2nd half A: 9, M: 10, P: 27
model: Flexible Wages and Prices
Quiz 1 + Cont… 4. Short-run and Long-run equilibria in A: 9, M: 10, P: 27
1st half
the AD-AS model: Flexible Wages and Prices
5 July 30 Thursday
nd
5. Sticky Wages and Prices: Aggregate Expenditure and A: 10, M: 11, P: 28
2 half the Multiplier
Cont… 5. Sticky Wages and Prices: Aggregate A: 10, M: 11, P: 28
1st half
Expenditure and the Multiplier
6 Aug 6 Thursday
nd Cont… 5. Sticky Wages and Prices: Aggregate
2 half A: 10, M: 11, P: 28
Expenditure and the Multiplier
1st half Midterm Exam Topic 1 – 5
7 Aug 13 Thursday A: 11, M: 19, P: 30
2nd half 6. Government Budget and Fiscal Policy
1st half 6. Government Budget and Fiscal Policy A: 11, M: 19, P: 30
8 nd
Aug 20 Thursday
2 half 7. Money, Financial System and the Economy A: 12+14, M: 4+5, P: 25

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 Relevant Chapters
Lecture No. Date Day Topic (A: Arnold, M: Mankiw,
P: Parkin)
Quiz 2 + Cont… 7. Money, Financial System and the
1st half A: 12+14, M: 4+5, P: 25
9 Aug 27 Thursday Economy
2nd half Cont… 7. Money, Financial System and the Economy A: 12+14, M: 4+5, P: 25
st
1 half
10 Sep 3 Thursday 8. Monetary Policy A: 15, M: 4+18, P: 31
2nd half
11 1st half Sep 10 Thursday 9. Building and applying the IS-LM Model M: 11+12

2nd half Cont… 9. Building and applying the IS-LM Model M: 11+12
st
1 half Quiz 3 + 10. Economic Growth A: 17, M: 8+9, P: 23
12 Sep 17 Thursday Cont… 10. Economic Growth A: 17, M: 8+9, P: 23
2nd half
(Submission of group research project)
Final Exam Oct 01, 2020 Final Exam Syllabus: Topic 6-10
Note: The instructor reserves the right to make changes to the course outline and the syllabus if necessary.

EVALUATION CRITERIA
The weights on each component of the overall course grade are as follows:
ASSESSMENT STRATEGY AND GRADING SCHEME

Grading tool % contributing towards the final score

Attendance 5%
Quiz 20%
Assignment 20%
Midterm Exam 25%
Final 30%
Total 100%

GRADING POLICY
Grades will be assigned according to NSU grading policy. Performance of the whole class will be taken into account.

ATTENDANCE POLICY
5% of the final score has been assigned to attendance. This is to give the students an additional incentive to attend
classes since attending lectures is of paramount importance if one wants to do well in this course. Just by attending
all classes, a student can obtain these points. No point will be deducted if a student misses only one class. After that,
for each class one misses, 1 point (that is 1% of the final score) will be deducted. For example, if a student misses 2
classes, s/he will receive 4/5 for attendance; if a student misses 3 classes, s/he will receive 3/5 for attendance and so
on. Students are expected to arrive at the lectures on time. If anyone is late for an unavoidable situation, then s/he
must let the instructor know about it at the end of the class to ensure the attendance.

POLICY ABOUT MAKE-UP EXAMS

There will be no make-up quizzes. Make-up examination is possible only in cases of documented illness or extreme
personal emergencies. Students with such cases will be allowed to take make up only for one of the midterms i.e. if
anyone misses both the midterms, s/he will be assigned zero in one of them. The only make up exam will be

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scheduled on a suitable date after the 2nd midterm and prior to the final exam. The syllabus of the makeup midterm
will be cumulative of Midterm 1 and Midterm 2. There will be NO makeup of the makeup exam.

CLASSROOM RULES OF CONDUCT

A student can use her/his laptop in the class for class related work, e.g., taking notes. Use of laptop for non-class
related work or in any manner that will be distracting to other students or the instructor is strictly prohibited.
Students should keep all their communication devices (such as mobile devices, pagers, iPod, beepers etc.) turned off
during the class. If someone needs to use one of these, then s/he should go outside of the classroom.

ACADEMIC INTEGRITY POLICY

School of Business does not tolerate academic dishonesty by its students. At a minimum, students must not be
involved in cheating, copyright infringement, submitting the same work in multiple courses, significant collaboration
with other individuals outside of sanctioned group activities, and fabrications. Students are advised that violations of
the Student Integrity Code will be treated seriously, with special attention given to repeated offences. For details,
refer to NSU Student CODE OF CONDUCT at: www.northsouth.edu/student-code-of-conduct.html

APPROPRIATE USE POLICY

All members of the North South University community must use electronic communications in a responsible manner.
The University may restrict the use of its computers and network systems for electronic communications subject to
violations of university policies/codes or local laws or national laws. Also, the university reserves the right to limit
access to its networks through university-owned or other computers, and to remove or limit access to material
posted on university-owned computers.

Wish you all the best. Let’s hope to have a wonderful semester!!!

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