Macro Economics Syllabus

Macro economics syllabus The Global Economy

1. TRADE

• Causes of Globalisation
• International Exchange
• Trade Liberalisation and protectionism
• Trading Blocks and (WTO)

2. Balance of Payments

• Dealing with balance of payments disequilibria

3. Exchange Rates
4. EURO (EMU)
5. International Competitiveness

• UK’S Changing competitive situation
• Gov’t Policies to improve competition

6. Inward Investment by MNCs
7. External Shocks to economy
8. Public Expenditure and Taxation

• Different types of taxes
• Impact of Taxes and spending on income distribution
• PSNCR

• International comparisons
9. Fiscal, Monetary and Supply Side Policies
10. Unemployment and Inflation
11. NAIRU, understand distinction between short run and long run Phillips Curve

• Macro Economics Essays