This course provides a comprehensive study of macroeconomic theory, policy, and analysis. It explores scope, development of macroeconomics issues and modelling, national income accounting concepts:- real output, basic macroeconomic models:- the simple Keynesian model of income determination, Further analysis of the Keynesian model;- consumption, investment, the government sector and the foreign sector, multiplier concept and the Consumption Theories. Equilibrium in the product and money markets, The Foreign Sector and Balance of Payments. An analysis of monetary and fiscal policies in the Keynesian model, Output, unemployment and inflation, Phillips curve, Macroeconomic stabilization policies, Introduction to growth theories
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