1 | Explain macroeconomic policies and the transmission mechanisms of those policies; measure the effects of macroeconomic policies on macroeconomic variables and evaluate the effectiveness of the policies. |
2 | Explain the theories of economic growth and their applications in different countries; discuss the advantages and disadvantages of growth policies and practices |
3 | Explain the different effects of monetary and fiscal policies on macro variables under closed and open economies; provide theoretical and empirical evidence regarding the efficiency of the policies. |
4 | Analyze and model how economic units(households, firms, governments and the rest of the world) make optimum decisions |
5 | Provide economic units( households, firms, governments and the rest of the world) with advices to make a decision in their best interest |