What causes inflation? How do states drive economic growth? What impacts unemployment levels? These are some of the important questions macroeconomics seeks to address.
Having a strong understanding of macroeconomics is therefore critical for any leader in the public or private sector. Not only does it help policymakers determine monetary and fiscal policy, it also helps business leaders refine their strategy in different global markets.
This course takes both a short and long-term view of the economy, helping you understand recent developments in macroeconomics using graphic analysis and simple algebra. It focuses on the stylised facts of business cycle fluctuations, economic growth and unemployment. Embedding your learning through the analysis of real-world situations, including the European Monetary Union, the European Crisis and the Great Recession, you will discuss how modern macroeconomics can shed light on these important areas and evaluate the scope for policy to improve macroeconomic performance.
Engaging with leading faculty and your peers, you will delve into some of the most pressing global challenges, and how the study of macroeconomics can help solve them. Through application of the content to real-world situations, you will walk away with the analytical skills you need to interpret and understand major global macroeconomic changes and how they impact local markets.
