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ECO202 Principles of Macroeconomics
Department: BSc in Business Management
Module Description: The aim of the module is to develop the student’s ability to analyse and explain the functioning of an economy at the macro level. The module focuses on examination of the theories of exchange rate determination, the impact of monetary policy on exchange rate. It encourages students to discuss and explain the importance of interest rate parity theorems and the role of macroeconomic parameters in functioning of the international capital flow. It also addresses the mechanism of the determination of aggregate output and employment, interest rates and monetary transmission.
- Abel, A. B., Bernanke, B. and Croushore, D. D. (2021). Macroeconomics. 10th edn. Harlow, England: Pearson.
- Mankiw, N. G. (2020). Brief principles of macroeconomics. 9th edn. Mason: South-Western.