A continuation of Intermediate Macroeconomics I, subjects covered include economic growth, microfoundation of consumption and investment functions, demand and supply of money, problems of inflation and unemployment, deficit and inflation, and open economy macroeconomics. The theoretical foundations for formulating and implementing effective macroeconomic policies are also studied.

CILO-1: Explain and summarize basic growth models and their implications for the economy. CILO-2: Analyze the behavioural foundations of macroeconomic phenomena such as consumption and savings, investment spending, and the supply and demand of money and financial systems. CILO-3: Evaluate the open economy version of Investment-Saving-Liquidity- Preference-Money-Supply (i.e. IS-LM) and its implications for the macro economy. CILO-4: Apply economic models and theories to real-world scenarios and policy issues, and develop informed policy recommendations based on analysis of macroeconomic data.