- Course Code
- EC 1503
- Credit Points
- 20
- Course Coordinator
- Dr H Battu
Pre-requisites
None
Overview
Why is that certain countries have experienced rapid growth in incomes over the past century whereas others are stuck in severe poverty? Why do some nations have high rates of inflation and others stable prices or deflation? Why is unemployment low in some countries but very high in others? Why do all countries experience periods of recession and depression and how can government reduce the size of the associated fluctuations in incomes and employment? Macroeconomics, which looks at the behaviour of the economy as a whole, tries to answer these and other questions. This course aims to provide students with an introductory understanding of the determinants of the level of output, the overall growth rate of the economy, unemployment and the rate of inflation as well as the role of government in influencing these variables.
Structure
3 one-hour lectures per week, 5 tutorials and 2 workshops.
Assessment
1st Attempt: 1 two-hour examination (70%) and in-course assessment (30%).
Resit: 1 two-hour examination (70%) and in-course assessment (30%).