| Year Level: 1 | ||
| Equivalent GE Area(s) in 2011/2012 Model: |
Area 9 – Macao, China and other Societies | |
This course will introduce students to the study of macroeconomic policies by the government and central bank. Concepts such as national income, gross domestic product (GDP), unemployment, money, inflation, and exchange rate will be discussed. Fiscal policy from the government and monetary policy from the central bank will be introduced and their effects on these macroeconomic variables will be studied. The roles of macroeconomic policies in dealing with real-life economic problems, for example, fighting unemployment, curbing inflation, and so on will be analyzed. Interactions among different markets will be introduced to help students understand how macroeconomic policies work.