Prerequisite: AEA 104
Content:
Macroeconomic theory. National Income Accounts and the Circular flow of income: Consumption, Savings and Investment. Money and Banking; Monetary and Fiscal Policy; Labour supply, unemployment and inflation. Closed and open economies, macroeconomics and international trade. Government and the circular flow of income. Expansionary, contractionary and Keynesian policies. Capital and capital formation, capital markets, debt and equity capital, savings versus investment. Case Study: A review of a selected country macroeconomic scenario.