The key objective of this module is to present the real economy and national income determinants, financial markets and general macroeconomic equilibrium models in a closed economy. The student should expect to use the concepts of output, unemployment, consumption, investment and inflation introduced in CECN102 to undertake an in-depth analysis of macroeconomics dynamics. It reviews the goods market, a combination of goods and financial markets (IS-LM model), the labour market and the combination of all markets (AS-AD model). students should have passed the pre-requisite modules (CECN101 and CECN102).
- Teacher: Mashapa Sekome