Macroeconomics studies the behaviour of the whole economy. This subject provides an introduction to the analysis of key macroeconomic variables used by governments to assess the performance of the economy. The course covers the models and theories used to explain the trends in economic output and the role of government policies in shaping the outcome of the economy. Topics include national income, unemployment, monetary and fiscal policies, role of the banking system and inflation. Students will be able to appreciate how the whole economy functions and gain understanding of the relationships among sectors of the economy

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EC1020 - Foundations in Macroeconomics

Foundations in Macroeconomics

Gain insights into the workings of the banking system and the monetary system

Explain, interpret and analyse current economic issues

Demonstrate an understanding of macroeconomic variables such as inflation, unemployment, production and growth, interest rates

Critically evaluate and analyse government policies to counter economic swings

Distinguish between monetary and fiscal policy models

Understand and interpret macroeconomic data