Teaching Responsibility
LJMU Schools involved in Delivery:
LJMU Partner Taught
Learning Methods
Lecture
Module Offerings
4522NCCG-JAN-PAR
4522NCCG-SEP-PAR
4522NCCG-SEP_NS-PAR
Aims
To introduce non-specialists to the use of Macro-economic ideas, tools and models and to apply these to real -world situations.
To allow non-specialists to discuss and engage with theory as it applies to society.
To provide a perspective on the uses and limitations of these models.
Learning Outcomes
1.
Define the Macro-economy and how the sectors relate to each other.
2.
Discuss how economic activity is measured.
3.
Describe how human welfare is impacted by the economic cycle, growth, inflation and unemployment.
4.
Explain the role of government policy; what goals are set and how do policy makers attempt to manage the economy
Module Content
Outline Syllabus:GDP as a measure of welfare, a history of GDP and it’s newer versions, issues and problems.
Growth, Inflation, unemployment, hysteresis, measures and problems.
The Economic cycle, history of recent performance and large events.
Macro Policy objectives and tools used; Supply-side, Demand Management, monetary and fiscal policy.