Module/Course Description

Course Title: Macroeconomics

Course Code: UU-ECO-2001

Programme: Bachelor of Arts (BA) in Business Administration - MW - BL

Credits: 3.00

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


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