ECO4006F - Macroeconomics
16 credits at NQF level 8
At least 40% for ECO4112F DEPARTMENTS IN THE FACULTY OF COMMERCE 153
The course studies the principal macroeconomic approaches towards understanding short-run fluctuations in aggregate output and the longer-term determinants of macroeconomic performance. Business cycles are investigated from a traditional Keynesian and New Keynesian perspective, complemented by a discussion on monetary and fiscal policy options. For understanding economic growth, the course reviews the exogenous growth model as well as new growth theories and alternative perspectives.