Title I. Macroeconomics. 1. Economic flows and National Accounting. 2. Economic cycles, aggregate demandand the multiplier model. 3. Government: policies, taxation and expenditure. 4. Unemployment, inflation and the stabilisation and growth policies. 5. Money, the banking system and the financial markets. 6. Open economies, growth and economic integration. Title II. Current topics. 7. International trade: issues and trends. 8. Economics and the environment. 9. Economics, the law and the social institutions.

CILO-1: Students will be able to recognise the cyclic nature of the economic activity and identify its causes. CILO-2: Students will be able to underline the fundamentals of money markets and their influence on economic agent's decisions CILO-3: Students will be able to apply the concepts learned to relevant contemporary world issues