ECO1201 Introductory Macroeconomics

This course brings out to learners the concepts and theories of microeconomics. The major topics covered include National Income: Concepts and Measurements, National Income Accounting, The Classical Theory of Income, Output and Employment, The Principles of Effective Demand, The Consumption Function, The Investment Function, The Concept of Multiplier, Balance Budget Multiplier and Foreign Trade Multiplier, Income Determination in a Closed and Open Economy, Wage-Price Flexibility and Employment, and as well Inflation Policy and Types.

General Course Objectives
On successful completion of this course unit, the learners should be able:

• Apply and analyze the various principle of economic theory 

Expected Learning Outcomes

• To introduce learners to basic concepts and theories of Macroeconomics
• To help learners appreciate how the major Macroeconomics variables influence the economic growth and development of nations.
• To help learners apply their knowledge of Macroeconomics to the challenges of economic growth and development of their country.
• To equip the learner with Macroeconomics tools that can be used to analyze and appreciate the level at which our countries are in terms of economic growth and development