Course Course Understanding the Global Fall

ECONS200 Year
Code Name Economy 2023

Course Character □ Basic Course  Specialized Course □ Internship and thesis

Credits 4 Weekly credit hours 5

Programme to which the course applies BBF

Prerequisite course(s) ECONS101

I. Course Description
This intermediate paper introduces various macro and global economic aspects of an economy. Macro and
global economic theories and policies are introduced, illustrated and discussed. Essential policy analysis
principles, reasoning, and skills are taught and exercised. These skills will equip students with decision-
making capability and sustainable solutions to apply to macro and global economic problems that impact
businesses and governments in today’s globalized world.

Instructor and Tutor(s)

Convenor:
Name (Email): David Iheke OKORIE (david.okorie@waikato.ac.nz)
Office: Room 425, Art Building 6
Office hours: 11:25 – 12:25pm on Thursdays & Fridays

Tutor(s):
Name (Email): Jimmy Teng
Office: TBA
Office hours: TBA
II. Timetable Information

Teaching Mode Day and Time Location Attendees

Classroom lecture Tuesday, 09:50 – 12:15 BLD1-RM109 All students

Tutorial 1 Friday, 08:00 – 09:35 BLD-RM418 BBF2101

Tutorial 2 Thursday, 13:30 – 15:05 BLD-RM422 BBF2102

Tutorial 3 Friday, 09:50 – 11:25 BLD-RM418 BBF2103

Tutorial 4 Thursday, 09:50 – 11:25 BLD-RM418 BBF2104

III. Learning outcomes

Students who successfully complete the paper should be able to:

1. Explain how to use macroeconomic theories to assess the business environment.

2. Evaluate the macroeconomic policy environment and understand aggregate demand and
aggregate supply, fiscal and monetary policies and the theories of current account imbalances,
including using descriptive or graphical models to apply these theories to issues involving global
policy coordination at the macro level.

3. Understand how global economic imbalances and volatile capital flows can trigger financial crises
causing global recession and neo-protectionism.

4. Understand the interaction of inflation and unemployment and central bank activities. This
knowledge is expected to help students develop skills for general policy-making in an integrated
global business environment

5. Learn about the open economy macroeconomics theory and policy, be able to think critically about
globalization, including providing sustainable solutions to business and economic problems
affected by globalization.

IV. Assessment

Component Description Due Date and Time Submission Method Percentage of Overall Mark

Online Quizzes Weekly Online 15

Assignment December 26, 2023 In Class 15

Group Presentations Nov. 13, 2023 – Jan. 1, 2024 In Class 20

Final Examination January 21 - 29, 2024 At Examination Venue 50

Assessment Total: 100
Note. Some modifications may be needed to the assessment schedule, including due to COVID-19
restrictions.
Details of assessment components
Online Quizzes: These are online quizzes via Blackboard (BB). It will contain 10 questions for 50 minutes.
The quiz questions will be available from Thursday to Sunday for the students to take at their convenience.
Students are allowed 2 attempts and only the maximum score will be recorded. It will cover weekly topics
taught in class. For each student, their least two (2) scores will not be used to compute the final online quiz
grade. The quiz will contain multiple-choice and/or true/false questions. Do not leave the online test page
once you start the quiz. There are NO second chances for retaking an online quiz, after the two
attempts, for ANY reason. [Learning outcomes 1- 5].
Assignment: This is a take-home assignment. It will cover topics taught in class. [Learning outcomes 2
and 3].
Group Presentations: This is the presentation of group tasks. The grouping information and tasks will be
provided. Each group member, at most 3 members per group, must present and attempt to answer
questions about their tasks. The presentation and response to questions determine each member’s grade.
Each group presents for ten (10) minutes and respond to question(s) for five (5) minutes. It is expected that
five (5) groups will present their tasks per class. It runs from week 8 through week 15. [Learning outcomes
1, 4, and 5].
Final Examination: The final examination will cover all the topics in this paper. It will contain multiple
choice, true/false, short & long answer questions. [Learning outcomes 1 - 5].

Referencing style
Please use the APA Referencing Style. The University of Waikato Library has put together a selection of
resources to help you acknowledge your sources correctly. Access a summary of the APA Referencing
style at http://www.waikato.ac.nz/library/study/referencing.

How achievement will be measured

The marking criteria will provide the expectations for each assessment component. The assessment
criteria, mark distribution, and assignment details will be available on Blackboard and discussed in class.
You must obtain a minimum grade of C- (50 percent) to pass the course.

Mitigating circumstances
If you wish to request an extension on an item of assessment or you are unable to undertake an item of
assessment, such as a test, due to illness or an unforeseen circumstance, you must contact the Academic
and Student Administration Office (ASAO) in the first instance to request a special consideration form. This
can then be submitted to the Convenor along with any supporting documentation you may have.

Assignment submission and collection procedure

Please submit all assignments before the due date and time otherwise, you will incur a penalty for being
late. You must ensure you properly submit via assessment submission on Blackboard or through the
alternative mechanism advised by the paper Convenor.
VI. Teaching Schedule
Week Date Topics Others
1 25 Sep Introduction to Macroeconomics and the Global Economy
2 2 Oct Mid-Autumn & National Day Holidays
3 9 Oct Global and Macroeconomic Data
4 16 Oct Goods Market, Trade and Global Imbalances
5 23 Oct Monetary System, Global Corporations and Impacts
6 30 Oct Inflation, Energy and Environmental Security
7 6 Nov Competing in the Era of Globalization
8 13 Nov Global Issues - Unemployment, Poverty and Conflict
9 20 Nov Economic Growth
10 27 Nov Economic Growth - Rise of New Powers
11 4 Dec Introduction to Economic Fluctuations
12 11 Dec Building the IS-LM Model – Aggregate Demand
13 18 Dec Global Crisis and Aggregate Demand
14 25 Dec Exchange-Rate and Mundell-Fleming Model
15 1 Jan Inflation and Unemployment Tradeoff – Aggregate Supply
16 8 Jan Inflation and Unemployment Tradeoff– Aggregate Supply
17 15 Jan Revision
18 Final exam week: 21 – 29 January 2024
Notes: 2023
2023/09/06 Freshmen’s Registration (2023 Cohort)
2023/09/7~09/23 Orientation and Military Training of Freshmen
2023/09/22 Other Students' Registration
2023/09/25 Beginning of Teaching Week
2023/09/29~10/06 Mid-Autumn Festival, National Day's Holiday
Oct.7th (Saturday) will replace class schedule of Oct. 2nd (Monday);
Oct.8th (Sunday) will replace class schedule of Oct.6th (Friday)
2023/11/10~11/11 College Sports Meeting
2022/11/20~11/26 Mid-term exam Block (classes will be still on during the period)
Notes: 2024
2024/01/01 New Year's Day Holiday
2024/01/21~01/29 Final Exam Block
2024/01/30 Winter Holiday Starts (Spring Festival is on February 10th)

VII. Workload
For this paper, you should expect to spend around 150 hours in total during the semester. This includes
preparing for class, attending lectures and tutorials, reading, working on assignments and studying for
tests and examinations (as appropriate).

VIII. List of Readings and Other Resources

Required readings
The main text for this course is:
Mankiw, N. Gregory., (2012). Macroeconomics, 7th Edition.
Recommended readings
Gerber, James., (2018). International Economics, 7th Edition.

Other resources
Students are encouraged to read widely (including reviewing financial markets and investment-related news
or articles for Finance papers). More suggested readings will be updated on Blackboard from time to time.

IX. General information

University Regulations

Resources provided to students by NZUWI are subject to copyright protection under the Copyright Act
1994 in New Zealand. If you use, sell or share these resources without the copyright holder’s permission,
you may be subject to legal proceedings or disciplinary action by the University. In particular, students are
advised that uploading course materials and assignments to websites, whether or not any payment is
received by the student, OR using such websites as an aid to completing assignments, whether or not the
student makes any payment, will result in disciplinary action which can lead to papers being disallowed,
or the student's expulsion from the University.

Your attention is drawn to the following regulations and policies, which are published in the University
website:
▪ Assessment Regulations 2016
(http://calendar.waikato.ac.nz/assessment/assessment.html)
▪ Change of Enrolment Regulations 2012
(http://calendar.waikato.ac.nz/admission/changeofenrolment.html)
▪ Computer Systems Regulations 2005
(http://calendar.waikato.ac.nz/policies/computersystems.html)
▪ Policy on the Use of Maori for Assessment (http://calendar.waikato.ac.nz/assessment/useofmaori.html)
Ethical Conduct in Human
▪ Research and Related Activities Regulations 2008
▪ (http://calendar.waikato.ac.nz/assessment/ethicalConduct.html)
▪ Student Research Regulations 2008 (http://calendar.waikato.ac.nz/assessment/studentresearch.html)
▪ Code of Student Conduct (https://www.waikato.ac.nz/official-info/index/docs/code-of-student-conduct)

Academic Integrity

All students are also expected to abide by the academic regulations and academic integrity as written the
NZUWI Students Enrollment Handbook. In addition, students must abide by the academic integrity
expected by the University of Waikato outlined below.

Me tika. Me rite. Me pono.

The University of Waikato is committed to excellence, respect, and honesty in scholarship and to
professional ethical conduct. Academic integrity is at the core of this commitment. It requires all members
of the University community (students, academic, and general staff) to uphold academic integrity as a
personal, academic, and professional responsibility.

Ma te Tangata! Mo te Tangata! (It is up to the people to do it and it is for the people’s benefit!)
Plagiarism
Plagiarism means presenting as one’s work the work of another, and includes the copying or paraphrasing
of another person’s work in an assessment item without acknowledging it as the other person’s work
through full and accurate referencing; it applies to assessment (as defined in the Assessment Regulations)
presented through a written, spoken, electronic, broadcasting, visual, performance or other medium.
Plagiarism is a serious offense. Depending on the degree of violation, disciplinary action includes the
following (but is not restricted to these):
(1) Zero marks for the specific assessment component.
(2) Failure for the entire course.
(3) Record of dishonesty on the students’ academic transcripts.
(4) Expulsion from further study at NZUWI.
Further actions may be undertaken by ZUCC based on the Chinese Ministry of Education guidelines.

Process for Requesting Extensions, Special Consideration and for Appealing Marks
Teaching staff are committed to helping students succeed. We also understand that there are many
conflicting demands on your time, and we will endeavor to carefully plan assessment submission
dates/times so that they are reasonable and fair to all.

There may be situations where, for whatever reason, it is not possible to sit a test or submit a piece of
assessment by the stated due date. Where there is an acceptable excuse (see below), the course convenor
will provide an appropriate extension and/or alternative assessment whatever is appropriate given the
particular situation. Where there is no acceptable excuse, a penalty (see below) will need to be applied in
fairness to other students.

Extensions or Alternative Assessment - Acceptable Reasons

The criteria for determining if the request is reasonable depends on the supporting evidence or
documentation, the timing of the event being outside your control and the significance of the event
concerning your personal and academic development. Also, where it is possible, prior notification will be
taken into account.

For example, the following reasons would generally be acceptable:

1. Sickness, subject to a medical certificate submitted as soon as technically possible. You must
endeavor to be seen by a doctor on the day, and the certificate must cover the corresponding period.
2. Representation at a national or provincial sporting or cultural event and approved by the University.
The allowance will cover national and representative sport or cultural participation. You should be
aware of your activities and make arrangements for any absences well in advance with your
Convenor. Please provide a letter from your coach supporting these absences. You need to manage
and complete your work accordingly. Such activities are not grounds for a short notice extension
unless you can show you have been called in at last minute (in which case your application must
include a coach’s letter).
3. Death or severe illness of close relation or friend.
The following excuses would not normally be acceptable:
1. Family reunions
2. Being a spectator at a sporting event
3. Participation in an event which could be scheduled at alternative times
4. Work commitments
5. Assessments for other papers

If granted permission for an extension for a written piece of assessment, the NZUWI Convenor will
determine the revised submission date/time. Depending on the circumstances, an extension to a test
may or may not be possible. The NZUWI course convenor will make this final decision. An extension
for the course work must be approved three (3) days in advance of the due date. The Assessment
Regulations state “An application for special consideration in respect of internal assessment must be
made in writing to the relevant examiner before the assessment, or when due to illness, not later than
three days after the date on which it is due.” Further information is available at the University of Waikato
website: http://calendar.waikato.ac.nz/assessment/assessment.html.
Lateness Penalties
If you submit your assessment after the due date/time without an approved extension, the following
penalties will be applied:
• Up to 24 hours after the due date/time: 10% (out of 100%) deduction
• Up to 48 hours after the due date/time: 20% (out of 100%) deduction
• Up to 72 hours after the due date/time: 30% (out of 100%) deduction
• Assignments submitted after this will receive a grade of 0

COMPLAINTS PROCEDURES
Please refer to the ACADEMIC REGULATION OF NZUWI – STUDENT DISCIPLINE REGULATIONS.

Class Room Decorum

As a courtesy to others, students are strongly urged not to disrupt lecture and tutorial sessions by using
mobile phones and cross-chatting during these sessions. Students are advised to disable their mobile
phones during lectures.

Sign (NZUWI Convenor) ： David Iheke Okorie Date： 19 September 2023

Sign (UW Program Convenor): Anna Strutt Date: 20 September2023