This unit focuses on macroeconomic theory and policy; managing aggregate demand; economic growth and fluctuations. Content covers the following topics in detail: open-economy IS-LM framework and AD-AS framework principles of monetary and fiscal policy and problems of implementation alternative theories of aggregate supply; imperfect information; labour market rigidities explaining and correcting inflation and unemployment.This subject provides an intermediate level treatment of macroeconomic theory and policy. Its central focus is the analysis of the factors and processes that determine the macroeconomic performance of a nation as reflected in such indicators as aggregate output,... -- Course Website
Instructor: Dr Steph Miller and Dr Michael White
