Brief Course Description
1. Course Title:
Macroeconomics
2. Language of Instruction:
English
3. Course Code:
ECO501098
4. Credits:
3
5. Course Objectives:
Macroeconomics is an introductory course for students in the field of Economics. This course introduces the fundamental principles of macroeconomics, with the aim of enabling learners to:
1. Master Basic Concepts
• Understand and analyze key concepts of macroeconomics.
• Apply economic principles to the analysis of real economic situations.
2. Measure Economic Indicators
• Calculate and explain important macroeconomic indicators.
• Analyze economic trends and fluctuations.
3. Economic Theory Framework
• Apply theoretical models of aggregate supply and aggregate demand.
• Understand the relationships among key economic variables.
4. Economic Policy Analysis
• Evaluate the impacts of monetary and fiscal policies.
• Analyze the role of government and the central bank in the economy.
5. Economic Analysis Skills
• Develop critical thinking in economic analysis.
• Apply economic principles to real-world situations.
6. Brief Description of Course Content:
Macroeconomics is a field of study that examines the economy at an aggregate level. It involves describing and measuring macroeconomic variables such as gross domestic product (GDP), prices and inflation, employment and unemployment, aggregate consumption, investment, government spending and taxation, money supply and demand, interest rates, trade deficits and surpluses, the balance of payments, and exchange rates. The construction of simple economic models helps explain the relationships among these variables. Based on this foundation, the course examines short-run economic fluctuations, business cycle issues, supply and demand shocks, and the role of stabilization policies such as fiscal policy and monetary policy.