| 1 | - |
| 2 | Explain macroeconomic concepts and the relationships among them |
| 3 | Explain relationships among macroeconomic variables such as gross domestic product, unemployment, inflation, recession and expansion, budget deficit, interest rate, export and import, trade balance, economic fluctuations |
| 4 | Construct macroeconomic models and use these models to analyse the effects of macroeconomic policies on the macroeconomic variables. |
| 5 | Explain the effects monetary and fiscal policy in the short and long run on the macroeconomic variables |
| 6 | Evaluate and foresee the outcome of monetary and fiscal policy |
| 7 | Explain what determines exchange rates |
| 8 | Express how the interest rate is determined and changed in the economy in a open and closed economies |
| 9 | Use an aggregate demand and aggregate supply macroeconomic model to interpret the effect of economic shocks on inflation and output. |