ECO1002 - Business Economics 2
This module serves to help students to understand the economic issues that confront them in today’s world. Among the issues to be explored are: widening income gaps, the productivity growth slowdown, restraining inflation, watching for the next recession, the effect and consequences of government’s budgeting and economic policies. These issues are studied, using the core principles within economic models.
Upon completion of this module, students should be able to:
- identify and describe the macroeconomic concepts of short-run fluctuations and long-run growth;
- recognise and evaluate different schools of thought in economics, specifically in major macroeconomics topics; and
- critically apply macroeconomic theories to current economic issues and problems.