Introduction to Macroeconomics

The course starts with explanation of the circular flow of income and defining the main macroeconomic indicators, as well as the business cycle. National income will be then investigated in detail, followed by the unemployment and inflation phenomena. We will analyze how an open economy works and introduce economic fluctuations. Aggregate demand and supply will be examined and the concepts of consumption, investment and money supply and demand will be reviewed. We would examine the financial sector, money supply and demand, and the monetary policy. Then we will turn to the government policies and intervention in the market. Each lecture and topic would be examined as a combination of theoretical approach, current data and trends and business applications.

Syllbus Introduction to Macroeconomics