MACROECONOMICS (2 Credits)

Learning Outcomes:

On successful completion of this course, student will be able to: Define why household, business, government determine the aggregate demand and aggregate supply for goods and services; Explain the implications of interference in a market economy; Explain factors that contribute to and detract from long-term economic growth; Explain the interaction between the domestic economy and the rest of the world.

Topics:

1. Introduction to Macroeconomics;
2. Monitoring Macroeconomic Performance: Measuring GDP and Economic Growth;
3. Monitoring Macroeconomic Performance: Monitoring Jobs and Inflation;
4. Macroeconomic Trends: Economic Growth;
5. Macroeconomic Trends: Finance, Saving, and Investment;
6. Macroeconomic Trends: Money, the Price Level and Inflation;
7. Macroeconomic Trends: The Exchange Rate and the Balance of Payment;
8. Macroeconomic fluctuations: Aggregate Supply and Aggregate Demand;
9. Macroeconomic fluctuations: Expenditure Multiplier: The Keynesian Model;
10. Macroeconomic fluctuations: Inflation, Unemployment and Business Cycle;
11. Macroeconomic Policy: Fiscal Policy;
12. Macroeconomic Policy: Monetary Policy;
13. Macroeconomic Policy: International Trade Policy.