People Innovation Excellence

MACROECONOMICS (2 Credits)

Learning Outcomes:

On successful completion of this course, student will be able to: Explain that economics is about the allocation of scarce resources, that scarcity forces choice, tradeoffs exist and that every choice has an opportunity cost; Explain concepts of aggregate demand and aggregate supply and how these concept are used to analyze macroeconomic problems; Explain impact of macroeconomic policies on international trade and economic development.

Topics:

  1. Introduction to Macroeconomics;
  2. How Market Works: The Market Forces of Supply and Demand & Elasticity and Its Application;
  3. How Market Works: Supply, Demand, and Government Policies;
  4. Consumers, Producers, and the Efficiency of Markets;
  5. Measuring a Nation’s Income;
  6. Production and Growth;
  7. Saving, Investment, and the Financial System;
  8. The Basic Tools of Finance;
  9. Unemployment and Its Natural Rate;
  10. The Monetary System;
  11. Money Growth and Inflation;
  12. Open-Economy Macroeconomics: Basic Concepts;
  13. A Macroeconomic Theory of the Open Economy

Published at : Updated

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