Macroeconomics is the part of economic theory that deals with the great aggregates and averages of the system rather than the items in it. These aggregates are defined in a useful manner in order to examine how they are related and determined.
Macroeconomics provide a sound theoretical framework for investigating the causes and effects of economic problems like e.g. inflation, unemployment, recession, deflation and stagflation etc but also helps in finding an appropriate policy measure to solve the problem. Macroeconomic theory though not perfect, does provide a great deal of understanding of and insight into the factors that cause adverse or undesirable effects on the economy. Macroeconomics is important and its issues must be resolved effectively .
At the end of this course, students are expected to:
- Demonstrate knowledge of the behaviors of the economy as a whole
- Understand the relationship and interaction between the factors or forces which determine the level and growth of the national output and employment, general price levels and the balance of payment positions of the economy.
|Attachment Name||Attachment Type|
|ECO 1207 Macroeconomics for Surveyors||DOC||PS|