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ECO403 : Macroeconomics

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Course Info

Course Category


Course Level


Credit Hours



ECO401, ECO402


Dr. Talat Afza
Ph. D.
Wayne State University –USA

Course Contents

Introduction, Principle of macroeconomics, Importance of macroeconomics, The supply and demand analysis , National Income Accounting, Closed Economy, Market clearing model, Components of Aggregate Demand, Money and inflation, Open economy, Issues in unemployment, Economic growth, Aggregate demand and aggregate supply analysis, Keynesian theory of Income and Employment, IS-LM Framework, The Mundell-Fleming Model, Three Models of Aggregate Supply, Inflation, Unemployment, and the Phillips curve, Government Debt, Consumption Theories, Investment Theories, Money & Banking.