Introduction to Macroeconomics

Description

Macroeconomic variables and their measurement. Aggregate supply and aggregate demand. Exchange rate policy. Monetary policy. Fiscal policy. Labour policy.

The two ECON 100 level courses in Economics (i.e. ECON104 (micro) and ECON105 (macro)) aim to:
• Develop economically literate citizens.
• Provide students with experience in basic economic methodology and analysis.
• Introduce students to the process of economic reasoning.
• Enhance students' ability to critically interpret the economic 'wisdom' of the popular media.
• Provide preparation for further study in the subject (specifically with reference to courses at Canterbury).

ECON105 studies macroeconomics, which examines theories of how an economy behaves at the aggregate level. ECON105 is a prerequisite for ECON201, which is a compulsory subject for students majoring in Economics.

The study of Economics 105 will help students understand the rationale and consequences of private sector economic decisions and government macroeconomic policies.

Economics 105 will develop a consistent aggregate supply and aggregate demand framework with which students can analyse macroeconomic issues. Economics 105 will alert students to the international issues which are present in the subject's topics.

Mathematics, in the form of simple algebra, will be used to introduce students to formal economic analysis and to complement the graphical and verbal exposition of material.