Course overview
The first year Principles of Economics course provided a broad overview of macroeconomics. In this course, the aim is to delve a little deeper into the subject. Macroeconomics is concerned with the behaviour of the economy as a whole. In particular it addresses the big issues which affect us on a day to day basis. As macroeconomists we want to know why some countries grow more quickly than others, why some experience high inflation while others have stable prices and why all countries experience recessions and booms. Furthermore, we want to know if government policy can have an impact on these factors. The aim of this course is to provide tools that allow for a deeper understanding of these issues. It is intended that this course leads on from the first year Principles of Economics course and provides a smooth transition for those intending to pursue macroeconomics in later years.
Course learning outcomes
- Relate basic macroeconomic theory and principles to current macroeconomic issues
- Apply basic macroeconomic theory to analyse macroeconomic policies
- Present arguments while viewing the world through simple, internally consistent economic models
- Articulate the benefits and the caveats of an argument that is relies on a specific economic theory
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