ECON 313 — Macroeconomic Theory I (Pre-req: ECON 212 and ECON 213)
Economics · University of Ghana
Introduction: Macroeconomic variable; functional relationships and parameters; national income and national product accounting; circular flow of income and spending. Classical Macroeconomics: Say's law of market; the quantity theory of money; saving, investment and the rate of interest to the classical full-employment equilibrium; Wicksell's formulation: monetary and fiscal policy in classical economics. Keynesian Macroeconomics: The consumption function; the multiplier; simple Keynesian model; liquidity preference and the speculative demand for money; the liquidity trap; extensions of the simple Keynesian model, government - expenditure multiplier; balanced-budget multiplier; investment and foreign-trade multiplier; policy implications of the Keynesian model. Aggregate Demand and Supply Curves. Theory of Inflation: Demand-pull and cost-push inflation; the dynamics of inflation; hyper-inflation and creeping inflation; Phillips curve; controls of inflation.
- Credits
- 3
- Level
- Level 300
- Semester
- Semester One
Other courses on this programme
- ECON 311 — Microeconomic Theory I (Pre-req: EC0N 211 and ECON 213)
- ECON 312 — Microeconomic Theory II
- ECON 314 — Macroeconomic Theory II
- ECON 315 — Applied Mathematics For Economists
- ECON 316 — Applied Statistics For Economists
- ECON 317 — Economic Development And Growth I (Pre-req: Econ 211 and 212)
- ECON 318 — Economic Development And Growth II (Pre-req: Econ 211 and 212)
- ECON 101 — Introduction to Economics I
- ECON 102 — Introduction to Economics II
- ECON 211 — Elements Of Economics I (Pre-req: ECON 101)
- ECON 212 — Elements Of Economics II
- ECON 213 — Elements Of Mathematics For Economists
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Start freeCourse details from University of Ghana Volume 2 Handbook for the Bachelor's Degree: Course Descriptions for Programmes in the Humanities (2017).