BBA

Fundamentals of Macroeconomics

Demonstrate an understanding of the structure of economies and the impact of policies on their performance

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1

Gross Domestic Product (GDP)

Define Gross Domestic Product (GDP) and how it is applied in business.

2

Inflation and Unemployment

Explain what causes inflation and unemployment.

3

Aggregate Supply and Demand and Economic Growth

Explain how various factors can change/shift the aggregate supply and demand curve and how increased productivity leads to economic growth.

4

The IS and LM Curves

Describe the investment ‚ savings (IS) curve and the liquidity preference ‚ money (LM) curve and its characteristics.

5

The Role of Monetary Policy

Explain the role of monetary policy.

6

The Role of Fiscal Policy

Explain the role of fiscal policy.

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