ECO 203 Principles of Macroeconomics
Introduction: Under ECO 203 Principles of Macroeconomics, it includes an introduction to National Income Determination, which means when the total cost of products and services produced and supplied at a particular point in time.
Key Principles of Macro Economics as per course ECO 203 Principles of Macroeconomics are:
- National Income - This principle of macroeconomics analyses the income a nation generates.
- Inflation - In this, the study is done regarding the cost of goods and services rises as time goes on.
- Economic Output - The study of the goods and services which a national economy produces is called Economic Output.
- International Trade - This principle of macroeconomics looks at the purchase and sale of products and services that occur between nations in terms of goods, services, and raw materials.
In this course, learners will explore Introduction to national income determination & the equilibrium level of output / employment. Monetary & fiscal policies as well as open economy issues are examined. Recommended prerequisites of this course are Fulfillment of the General Education Critical Thinking core competency & Digital Literacy competency.
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