SEU Macroeconomics ( ECON201 )

Sciences

 This course will teach students the basic tools of macroeconomics and apply them to real world economic policy. Emphasis is placed on studying the economy as a whole. Issues of inflation, unemployment, the role of fiscal and monetary policies in stabilizing the economy, the role of government policy in promoting long-term economic growth and growth are discussed in the context of the global economic system.

The course will be structured around the tools (models) of macroeconomics, using primarily graphs, and occasionally equations. However, motivation for these tools, and examples of their use will always be taken from current and recent real-world macroeconomics events and

conditions.

 1.      Analyse economic problems within the conceptual framework of mainstream macroeconomics.

2.      Understand the institutional framework of macroeconomic policymaking.

3.      Understand how to evaluate macroeconomic conditions such as unemployment, inflation, and growth.

4.      Understand the fundamental determinant’s of a nation’s long-run economic growth,

6.      Provide policy alternatives to address various economic outcomes.

7.      Analyse actual economic events within modelling frameworks.

 1.      Introduction to the ECON 201

2.      Gains From Trade

3.      Supply, Demand, and Market Equilibrium

4.      Markets and Welfare

5.      Macroeconomics Data

6.      Economic Growth

7.      Financial System

8.      Unemployment

9.      Monetary Policy

10.  Open Economy

11.  Economic Fluctuations

12.  Debates in Macroeconomics.

 ·         Textbook

N. Gregory Mankiw: Principles of Macroeconomics, Cengage Learning; 9th edition (January,2020). ISBN-13: 978-0357133491