This unit emphasises the application of macroeconomic theory that is taught in Levels 1 and 2 units, to macroeconomic policy, encompassing policies governing the growth rate of the whole economy and the use of financial regulation, fiscal policy and central banking to stabilise it along its growth path. It reviews growth models; national and balance of payments accounts consumption, saving and investment; international trade and the real exchange rate; money and nominal exchange rates; applying the complete model to the analysis of macroeconomic shocks; enhancing the role of expectations: a more advanced model; macroeconomic policy responses and debates; the Asian financial crisis and the... -- Course Website
Prerequisites: ECON2234 Macroeconomics: Policy and Applications
