ECON405

Define and Identify macroeconomic concepts such as national income, economic growth, aggregate demand and supply, recession, inflation, stagflation, national debt, fiscal policy, monetary policy, etc.

Associate such concepts with the domestic and international economic/political environment.

Propose economic solutions to macroeconomic problems.

Objectively critique different macroeconomic approaches and schools of thought.

Evaluate the external validity of macroeconomic models using facts and empirical data.