MacroeconomicsModule Details

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