INTERMEDIATE MACROECONOMICS

Course Description

This course aims to bring you up to date with modern developments in macroeconomic theory and offer fresh perspectives on the macroeconomic challenges of the day. The course will help students to develop competence in using macroeconomic models to explain the determination of aggregate output, prices, employment, and growth. In addition, students should learn to analyze the impact of monetary and fiscal policy on the macro economy.

Learning Outcomes

By the end of the course, students should be able to:

• Describe and analyze the determinants of output, employment, and growth in the long run;
  
• Describe and analyze business fluctuations in the short run;
  
• Analyze how government policy can influence the economy in both the long run and short run;
  
• Analyse  current developments in the macro economy.
  

Course Content

• Macroeconomic measurement and data
  
• The labour market
  
• Economic growth
  
• Consumption and saving
  
• Investment
  
• Unemployment
  
• A dynamic macroeconomic model
  
• Money and interest rates 
• Financial markets

 Compulsory Reading Materials

• S. Williamson, Macroeconomics, 5^thed., Pearson (2013), and D. Weil, Economic Growth, 2^nd ed., Prentice Hall (2008).

Optional Reading Material

• Blanchard, Olivier and Johnson, David H (2012). Macroeconomics 6th Ed.