Macroeconomics BSNA 1306

Course description:

The course discusses the concepts of macroeconomics, importance of macroeconomics, the difference between macro & microeconomics, divisions of economy sectors.  Determining the income level equilibrium for the economy in two sectors, closed economy, opened economy.  Investment theory, money concepts, functions, calculation and measuring of money, banking, inflation, economic growth & development.

Course Aims:

Upon completion of the course, students will be able to:
  • Understand the concepts and definition of macroeconomic.
  • Have the ability of discrimination between macro & microeconomics.
  • Having the ability of measuring GDP, GNP aggregate spending.
  • Understand the difference between the four economic sectors.
  • Determine the equilibrium income level.
  • Have the ability of taking investment decisions.
  • Measure the quantities of money.
  • Understand the functions of banks, the impact of inflation, the difference between economic growth & economic development.

Course outcomes:

By the successful completion of this unit, students will be able to:
  • Understanding goals of macroeconomic policy.
  •  Understanding tools analysis in macroeconomics.
  • Understanding macroeconomics concepts.
  • Understanding various analysis tools.
  • Using AD&AS tool analysis.
  • Classical- Keynesians analysis for income equilibrium. 
  •  Inflation and monetary theory.
  • National income and product measurement. 
  • Multiplier measurement. 
  • Measurement of price indices, unemployment and growth.
  • Understanding economic environment of businesses.
  • Understanding reactions and flows among units of economy.   
  • Understanding the impact of macroeconomic policies and effects on firms.