An introductory course in macroeconomic principles. Topics discussed include determination of national income; national income accounting; unemployment and inflation; stabilization instruments of fiscal and monetary policy; economic models developed by Classical and Keynesian economists and the monetarist school.

CILO-1: Explain macroeconomic concepts and theories that are applicable in daily life, such as the operation of markets, the role of government policies, and the impact of economic events. CILO-2: Apply basic tools of economic analysis to evaluate macroeconomic issues, including measuring economic performance, identifying macroeconomic trends, and analyzing the impact of macroeconomic policies. CILO-3: Identify and explain the key factors that affect the overall performance of an economy, including economic growth, inflation, and unemployment, and the interrelationship between these factors. CILO-4: Identify and explain the economic effects of government policies, including monetary and fiscal policies, on the overall health of the economy, and assess the trade-offs associated with different policy choices.