Principles of Macroeconomics

Macroeconomics is about understanding how economy functions as a whole. Studying the behaviors of national income, economic growth, employment level, inflation and measuring/analyzing an economy’s well-being. Therefore, the main objective of this course is to make students learn the fundamental economic theories and the analysis of economic activities on the macro level. By the end of this course, the student will be able to:

• Recognize the essentials of national income accounting.
• Identify and explain terminology such as aggregate demand, aggregate supply, GDP, aggregate price level, inflation rate, recession and unemployment rate.
• Determine the aggregate price level, inflation rate and unemployment rate.
• Explore the macroeconomic effects of monetary policy and fiscal policy.