This course introduces the basic concepts of national income accounting, and macroeconomics, the essentiality of macroeconomics to understanding markets, and the differing view points of some of the important schools. It provides a perspective for managers:
- To the notion of the macro economy as being more than the mere aggregation of the output of individual actors.
- As regards the effects of and motivations in pursuit of particular stances and policies by central banks and governments; bringing out the competing view points of the Keynesian, monetarist and new-classical schools.
The aim of the course is to allow a better appreciation of the fiscal, monetary and exchange rate and credit policies, and the options in policy that central bankers and governments have.