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Principles Of Microeconomics


302102 Principles of Macroeconomics                                                Prerequisite : 302101

This course introduces the macro aspects of economic theory and the government role in the current economic systems. It discusses the circular flow model and national income accounts. It also discusses the Classical and Keynesian theories of output and employment. Consumption and investment theories, aggregate demand, equilibrium and the multiplier and gap theories are analyzed in detail. These are followed by a discussion of fiscal and monetary policies and their implications for unemployment and inflation. The course concludes with an introduction to money and banking, economic development, and international trade.







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