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 frameworkprinciples of monetary and fiscal policy and problems of implementationalternative theories of aggregate supply; imperfect information; labour market rigiditiesexplaining 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, employment,... -- Course Website
Instructor: Dr Siew-Ling Yew (First semester)
