MacroeconomicsModule Details
Module/Course Description
Course Title: Macroeconomics
Course Code: UU-ECO-2001
Credits: 12.00
Course Description:
Objectives of the Course:
· Introduce the main macroeconomics variables (GDP, inflation, unemployment)
· Introduce the aggregate demand – aggregate supply model
· Distinguish between inflation and unemployment
· Identify the fiscal and monetary policy tools
· Introduce the balance of payment and exchange rates
Learning Outcomes:
· Measure economic variables (GNP and its components, inflation, unemployment, money supply, balance of payments, exchange rates)
· Analyze the aggregate demand – aggregate supply model, the concept of the multiplier and the business cycle
· Identify the tools of monetary and fiscal policies, understand their effect on the economy and appreciate the significant role of the Central Bank.
· Explain the importance balance of payments, international trade and how the value of foreign exchange is determined
Prerequisites: UU-BA-IND100, UU-FNT-103
Prerequisites Categories: Semester 1, Semester 2
Typical Module duration: 4.0 Week(s)