MACROECONOMICS

The course extends from macroeconomic principles in equipping the student with tools and skills for analyzing macroeconomic issues.

In particular, the course teaches to:

 

1. Understand and explain the determination of Aggregate Supply, Aggregate Demand and the equilibrium.
2. Critique Classical Economics and Keynesian macroeconomic views
3. To use the ISLM-BOP Framework to analyse the impact of fiscal and monetary policies on open and closed economies
4. Explain households’ consumption patterns
5. Outline determinants of capital investment
6. Understand and outline the determinants of consumption, savings and interest rates
7. Analyse the Balance Of Payment