This module introduces students to the principles of macroeconomics. Macroeconomics examines the economy as a whole and explains how economic events affect many households, firms and government simultaneously.
Demonstrate a basic knowledge and comprehension of macroeconomic theory and concepts such as circular flow, economic growth, inflation, unemployment, open-economy macroeconomics etc.
Calculate and discuss data such as national income, inflation and unemployment that economists and policymakers use to measure the performance of the overall economy
Display problem-solving skills in macroeconomics by analysing, discussing and applying economic models to the business environment.
Discuss the economic role of government, fiscal and monetary policy and identify policy options, and assess implications for growth and efficiency.
Demonstrate an ability to apply macroeconomic theory to a range of economic problems and effectively communicate their analysis.