Block 1 – Issues in Macroeconomics and National Income Accounting
Issues and Concepts
National Income Accounting
Measuring Economic Performance
Block 2 – Money in a Modern Economy
Functions of Money
Demand for Money
Monetary Policy
Block 3 – Inflation
Inflation: Concept, Types and Measurement
Causes and Effects of Inflation
Block 4 – The Closed Economy in the Short-Run
Classical and Keynesian Systems
Keynesian Model of Income Determination
Fiscal Policy in Keynesian Model
Block 5 – IS-LM Analysis
Equilibrium in the Real Sector
Equilibrium in the Monetary Sector
Neoclassical Synthesis
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