| Introduction |
The course offers an overview of basic macroeconomic concepts and institutions. Topics include: national income accounting and income formation; economic fluctuations and stability, money, banking, monetary and fiscal policies; economic stabilization theory and policy; the public sector, aggregate demand, aggregate supply, Classical, Neo-Classical, Keynesian, Neo-Keynesian, and Monetary schools of economic thought.
After participating in this course, Students will be able to understand economics as a science of scarcity, use basic supply and demand theory to analyze a variety of issues, know national income accounting, understand and apply aggregate demand and aggregate supply, know the assumptions and be able to apply Classical and Neo-Classical models, know the assumptions and be able to apply Keynesian and Neo-Keynesian models, know the functions and different ways of defining money, understand the roles of central banks, know the assumptions and be able to apply Monetary theory, understand and be able to analyze varied fiscal policies, understand and be able to analyze varied monetary policies.
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