AU: 3.0
Programme: ECON(HSS)

The course covers (a) the major macroeconomic markets: the goods, money and labor markets and the external sector, and their constituent functions including the consumption function, saving function, investment function, money-demand function, money supply, etc, (b) macroeconomic models: real business cycle models and Keynesian business cycle models in closed and open economies, (c) macroeconomic policy issues, and (d) aspects of growth theory.