The indicative syllabus of this module is outlined in the units below:
Principles of Macroeconomics
National Income
Productivity and Growth
Money and Inflation
Aggregate Demand
Aggregate Supply
Where the combined marks of the assessment and examination do not reach the pass mark the learner will be required to repeat the element of assessment that they failed. Reassessment materials will be published on Moodle after the Examination Board and will be aligned to the MIMLOs and learners will be capped at 40% unless there are personal mitigating circumstances.
The aim of this module is to equip the learner with an understanding of how an economy is measured, and the ability to graphically represent the macroeconomic models. The learner will gain an understanding of the reasons for movements in macroeconomic indicator, and the broader economic logic for fiscal and monetary policy decisions.