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MACROECONOMICS I

EIA1003 MACROECONOMICS I
3 Credits

Pre-requisite NONE

Learning At the end of the course, students are able to:
Outcomes
1. identify the macroeconomic issues and problems;
2. explain the Classical, Keynesian macroeconomic theories and economic
activity determination;
3. analyze the effectiveness of macroeconomic policy in close and open
economy.

Synopsis This course is divided into two parts. Part one discusses macroeconomic issues
and problems, national income concepts and accounting and income
determination model in closed and open economy. Part two discusses the
derivation of the IS-LM curve, aggregate demand and aggregate supply curve,
equilibrium in open economy and effectiveness of fiscal and monetary policy in the
economy.

th
References 1. Froyen, R.T., 2009. Macroeconomics: Theories and Policies, 9 Edition,
Prentice Hall. (RTF).
2. Parkin M. & Bade R., 2000. Modern Macroeconomics, 5th Edition, Pearson
Education. (PB).

Soft Skills CS1, CS2, CS3
CT1, CT2, CT3
TS1, TS2

Assessment Continuous Assessment : 40%
Final Examination : 60%

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