Macroeconomics - Studying The Whole Society

Updated 12/2021 | Size: 700 MB
Macroeconomics: Discussing the whole economy
What you'll learn
Understanding the concept of GDP, GNP, NNP, Disposable income.
Discuss inflation, method to measure inflation, GDP deflator, nominal GDP, Real GDP.
Describe the economy and the principles of Aggregate Demand and Aggregate Supply.
Demonstrate the understanding of monetary policy, money supply, quantity theory of money.
Requirements
Nil
Description
This course introduces key economic indicators, role of government in an economy, measurement of gross domestic product, components of aggregate demand, consumption function and Keynesian multiplier, investment function, government intervention through monetary and fiscal policies, impact of government intervention on economic activity, inflation and unemployment, aggregate supply and demand, balance of payments and trade, public finance, growth, and development.
After completing this course the student will be able to
1. Analyze the economy and graph the principles of Aggregate demand supply
2. Explain how the level of national income and employment is determined and measured.
3. Explain the role of the Federal government in the aggregate economy.
4. Explain role of the monetary authorities in the aggregate economy.
5. Demonstrate an unders


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