ECO 202 : Macroeconomics

Prerequisites: ECO 201

economics deals with the economy as a whole: aggregate national income and output, government spending and taxation, money banking, monetary policy, and international trade. Macroeconomics deals with the overall level of output, its growth rate, and the level of prices in general. The course examines the main principles of determination of real income, employment and unemployment, the price level and inflation in an open mixed economy, and the conduct of macroeconomics policy. Other topics covered include national income, economic growth and fluctuation, the role of money and banking, and monetary and fiscal policies.