COURSE OBJECTIVES:

This course will also expose the students to the theory of general equilibrium and welfare economics. It is also intended to expose the students to macroeconomic concepts and theory, the application of the macro-economic theory, and implication of the macro-economic policies.

COURSE OUTCOMES:

·       Macroeconomics enables studying the causes, effects and solutions of general redundancy. The student will be able to evaluate the overall performance of the economy in terms of national income. The national income data helps in anticipating the level of fiscal activity and understanding the distribution of income among different groups of people in the economy.

·       Macroeconomics helps to evaluate the resources and capabilities of an economy, churn out ways to increase the national income, boost productivity, and create job opportunities to upscale an economy in terms of monetary development.

·       Correct economic policies formulated at macro level makes it possible to control business cycles (inflation and deflation) and resultantly, violent booms and depressions rarely occur.