ECON 314 — Macroeconomic Theory II
Economics · University of Ghana
Consumption Demand. Absolute Income, Life Cycle, Permanent income and Relative Income Hypothesis; Theory of Investment. Motivation of investment; determination of `present' value of investment; marginal efficiency of capital; acceleration principle. Combination of the Classical and Keynesian Models. The equality of saving and investment; introduction of supply and demand for money; the Hicks-Hansen analysis and synthesis; flexible wages and employment; critical evaluation of the Keynesian model. The Demand for Money and Money Supply. Theory of Economic Growth. The Classical growth model; Harrod-Domar growth model; policy implications. External Trade. Theory of Economic Policy
- Credits
- 3
- Level
- Level 300
- Semester
- Semester Two
- Prerequisites
- ECON 313
Other courses on this programme
- ECON 311 — Microeconomic Theory I (Pre-req: EC0N 211 and ECON 213)
- ECON 312 — Microeconomic Theory II
- ECON 313 — Macroeconomic Theory I (Pre-req: ECON 212 and ECON 213)
- 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).