ECON 1020 Introduction to Macroeconomic Principles

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The ECON 1020 Introduction to Macroeconomic Principles course mainly introduces students to macroeconomic research. Topics include: Comprehensive implementation

And politics; determinants of national income, employment and price levels, the role of currencies and currencies fiscal policy to stabilize the economy and promote economic growth.

Upon completion of this course, students of this course must:

• Describe the general problems associated with macroeconomics and identify the key economic aspects. Summarize and explain how they relate to each other and are measured in the national accounts.
• Check the sources of long-term economic growth. Discuss why living standards are too high countries vary greatly.
• Describe the reasons for unemployment and how to measure it. Explain the cost of inflation. Discuss the link between unemployment and inflation in the short term.
• Analyze why the entire economy will experience prosperity and depression in the short term.
• Describe the reasons for the business cycle and how policymakers respond to cyclical fluctuations.
• Discuss the impact of fiscal and monetary policies on economic stability. Description questions related to macroeconomic policy. Explain the discussion about public debt, budget deficit.
• Examine the role of exchange rates in the country's current account.

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