Expand+ECON10760 Macroeconomics for Business
Academic Year 2021/2022
Macroeconomics is “big picture” economics. It looks at the economy as a whole and examines how it is performing. In this module, we introduce students to measuring the key macroecono...

Hide-ECON10760 Macroeconomics for Business
Academic Year 2021/2022
Macroeconomics is “big picture” economics. It looks at the economy as a whole and examines how it is performing. In this module, we introduce students to measuring the key macroeconomic variables such as GDP, inflation and unemployment. We explore what determines whether economies experience booms and recessions and the factors that influence unemployment and inflation. We also examine how the government should influence the economy via fiscal policy (decisions about public spending and taxation) and monetary policy (decisions about money creation and interest rates made by a central bank). We also look at longer term trends in living standards and the factors that drive these trends. No assumption is made that students have previously studied economics.

Learning Outcomes:
On successful completion of this module, students should be able to understand the main problems facing governments and central banks in managing the economy and will be prepared for the more advanced analysis presented in subsequent modules.

Indicative Module Content:
Topics covered include:
Economic growth and living standards
Productivity
Recessions and expansions
Unemployment
Inflation
Economic interdependence among nations