AGEC 313 — Microeconomic and Macroeconomic Theory
Agriculture · University of Ghana
This course builds on courses AGEC 201 and AGEC 202. It presents the theoretical underpinings of both macroeconomic and microeconomic phenomena. At the end of the course, candidates should be able to understand and explain economic phenomena using geometry, calculus and difference equations. Candidates are also required to apply the theories learnt to the economy of Ghana. Introduction: Overview of the Nature of Scientific Theory. The Scientific Method of Enquiry. Methodology of Economics. Nature and Purpose of Economic Theory. Concept of an Economy. Definition of Macroeconomic Theory. Definition of Microeconomic Theory. Concept of a Market. II . Microeconomic theory: Theory of Production. Theory of Cost. Theory of Factor Demand. Theory of Product Supply. Theory of Consumer Demand. Consumer Surplus. Producer Surplus. Economic Welfare. III. Macroeconomic theory: The Classical Theory of Employment and Aggregate Output. The Classical Theory of Inflation. The Complete Classical System. The Keynesian Theory of Employment and Aggregate Output. IS/LM Framework. Monetary and Fiscal Policy. The Keynesian Theory of Inflation. The Inflation-Unemployment Relationship. Structuralist Theory of Inflation. The Complete Keynesian System. The New Classical Macroeconomics: Rational Expectations Theory. Theory of Business Cycles.
- Credits
- 3
- Level
- Level 300
- Semester
- Semester One
Other courses on this programme
- AGEC 311 — Farm Management
- AGEC 312 — Project Analysis
- AGEC 314 — Research Methods, Statistics & Mathematics for Economists & Business
- AGEX 311 — Development Sociology
- AGEX 312 — Extension Programme Planning and Evaluation
- AGEX 313 — Gender Planning and Development
- AGEX 314 — FBO Development and Management
- AGEX 316 — Climate Change and Adaptation in Agricultural Development
- AGRC 302 — Principles of Biotechnology
- AGRC 311 — Introductory Genetics
- ANIM 312 — Introduction to Ruminant Production
- CROP 311 — Crop Protection
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Start freeCourse details from University of Ghana Volume 3 Handbook for the Bachelor's Degree: Course Descriptions for Programmes in the Sciences (2017).