The aim of the course is:

• to give students the macroeconomic perspective of the economy,
• to investigate specific phenomena such as inflation and unemployment and the mix of economic policies needed to eliminate such negative effects.

Upon successful completion of the course, the student will be able to:

• evaluate the behaviour of the economy as a whole
• explain macroeconomic relationships and phenomena in the real economy
• explain and evaluate economic policy decisions
• explain and predict the presence of economic disturbances in the global macroeconomic system
• recognise and describe the functions and results of the fiscal and monetary policy, according to the different schools of economic thought