Prerequisite

None

Course Description

This course is to give students the overall picture of the economic system. A study of the relationship between micro-economics and macro-economics will be the starting point. However, stresses of this course are on the followings : theories and methods of measurement of output and national income, money and role of financial institutions, quantity theory of money, price level, consumption theory, savings and investment, government expenditure, balances of trade and payment, various economic problems and their solutions: inflation, deflation, unemployment, business cycle. The subject also covers the importance and role of macroeconomics in basic economic development.

Class Material

Course Syllabus

Chapter 1 - Introducing the Economic way of Thinking

Chapter 15 - The Gross domestic Product

Chapter 16 - Business Cycles and Unemployment

Chapter 17 - Inflation

Chapter 18 - The Keynesian Model

Chapter 19 - The Keynesian Model in Action

Chapter 20 - Aggregate Demand and Supply

Chapter 21 - Fiscal Policy

Chapter 22 - The Public Sector

Chapter 24 - Money and the Federal Reserve System

Chapter 25 - Money Creation

Chapter 26 - Monetary Policy

Chapter 28 - International Trade and Finance