MACROECONOMICS

Course Description

This is an introductory course covering money, the monetary system and their relevance to the functioning of the national economy. It covers monetary and fiscal policies, unemployment, interest rates, and inflation as well. It dwells on the measurement of the level of output and its determination. Particular emphasis is placed on the forces that determine the actual and potential level of output and on policies designed to promote economic stability and growth. Important policy debates such as the sub-prime crisis, social security, the public debt and international economic issues are critically explored. The balance of payments is explained. The determination of the exchange rate is presented with reference to the international monetary system.

MACROECONOMICS

Evaluation Tools (Active Term)

No evaluation items have been defined.

Course outcomes

1. 01 To derive knowledge and understanding of macroeconomic issues 4
2. 02 To assess problems and periodic fluctuations in the size of economy , inflation , unemployment and the economic policies of fiscal and monetary which develop models to cope with these macroeconomic problems 5uctuations in the size of economy , inflation , unemployment and the economic policies of fiscal and monetary which develop models to cope with these macroeconomic problems
3. 03 To compare national income and real GDP 4
4. 04 To generalize business cycle inflation Money and monetary equilibrium 5
5. 05 To summarize international trade and balance of payments 4
6. 06 To categorize fiscal policy 3
7. 07 To classify monetary policy 3

Course Syllabus

Reference Books & Course Materials

1. 01 Michael Parkin (2019), Economics ( 13/E ), Pearson, Global Edition
2. 02 N.Gregory MANKIW (2012) , Principles of ECONOMICS , ( 6 th edition) Thomson,South- Western
3. 03 Micheal PARKIN, 2012 , Economics ( 12 th edition ),Pearson, Addison Wesley

Learning Outcomes

1. L01 On successful completion of this course the students will have developed knowledge and understanding of macroeconomic issues
2. L02 problems and periodic fluctuations in the size of economy , inflation , unemployment and the economic policies of fiscal and monetary which develop models to cope with these macroeconomic problems
3. L03 National income and real GDP
4. L04 International Trade and balance of payments
5. L05 Following a succesful completion of this course the student will be able to assess economic performance of countries. SOLO 5

Program Outcomes

1. P01 1. Gained the necessary skills to learn and adopt a spirit of continuous learning in their professional life.
2. P02 2. Developed various skills by working independently via specific learned techniques that both triggered individual efforts and encouraged collaborative work.
3. P03 3. Acquired the essential knowledge and skills to apply key theories, models and applications within the global business context.
4. P04 4. Adopted and applied critical and strategic thinking together with research capabilities for efficient and effective business decisions.
5. P05 5. Utilized and managed ethically information technologies required for contemporary business world.
6. P06 6. Been equipped with conceptual and analytical skills necessary for team work within global organizations.
7. P07 7. Displayed their learnt communication skills that are required to effectively interact in a cross cultural and diverse international work environment.
8. P08 8. Applied their acquired knowledge within the changing work environment.
9. P09 9. Developed an understanding of ethical perspectives and social responsibilities to be used at work and in personal life.

Po-Lo Matrix