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MACROECONOMICS II

EIA2002 MACROECONOMICS II
4 Credits

Pre-requisite EIA1003 MACROECONOMICS I

Learning At the end of the course, students are able to:
Outcomes
1. explain the determination of economic activity using different theories from
various macroeconomic models;
2. explain the main differences between the theories; and
3. identify the main economic problems and the policy implications

Synopsis This course discusses the macroeconomic models of Classical, Keynesian,
Monetarist, New Classical, Real Business Cycles and New Keynesian. Focus is
given to the differences between the theories. Also discussed are modern
consumption theories, extended investment theories, Keynesian modern money
demand theories. Choices of monetary policy targeting are discussed in the
analysis of money supply.

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References 1. Froyen, R.T. (2013), Macroeconomics: Theories and Policies. (10 Ed.)
England: Pearson Education Ltd.
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2. Dornbush, R., Fischer, S. (2008), Macroeconomics. (10 Ed.) New York:
McGraw-Hill.
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3. Gordon, R.J. (2013), Macroeconomics. (12 Ed.) New York. Pearson Higher Ed.
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4. Abel, A.B., Bernanke, B.S. (2014), Macroeconomics. (12 Ed.) New York.
Pearson Higher Ed.

Soft Skills CT1, CT2, CS3
TS1, TS2
LS1, LS2

Assessment Continuous Assessment : 40%
Final Examination : 60%

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