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ECO – 2023 Principles of Macroeconomics

ECO 2023 Principles of Macroeconomics (3) Money and financial institutions: nature and functions of money; value of money and its measurement; inflation and deflation (introduction); savings and investment; use of credit; the capital market. National income and expenditure: national income, its measurements; flow of money income between households, firms and government; aggregate supply and demand; savings and investment; the multiplier and the accelerator; productivity; economic growth and economic indicators. Public finance: the budget; main sources of central government income and types of expenditure; monetary and fiscal policy.

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