Macroeconomics Crashcourse (11 June)

Macroeconomics Crashcourse (11 June)

400.00 440.00

Mr Toh will be covering all 4 Macroeconomics topics on 11 June in EIGHT hours.

There will be a 30 minutes break after every 2 hour lesson.

Each lesson costs $110 on its own to attend, register for all 4 lessons for $400 ($40 discount)

National Income Statistics & Standard of Living

  •  Importance of various economic indicators in measuring economic performance

o  Economic growth

o  Price stability

o  Full employment

o  Favourable position of BOP

  • How to compare standard of living over time & space

National Income Determination (AD & AS analysis) & Macroeconomic Aims

  •  Factors affecting AD & AS

  • Causes and consequences in relation to

o  Economic growth

o  Inflation & deflation

o  Full employment and unemployment

  • BOP deficit and surplus

Macroeconomic Policies

  • ·      Monetary Policy (includes Quantitative Easing)

o   Centred on Interest Rates

o   Centred on Exchange Rates (SG)

  • ·      Fiscal Policy (includes Fiscal Austerity)

o   Discretionary Fiscal Policy

o   Automatic stabilisers

  • SS side Policy

o   To improve quantity, quality and mobility of factors of production

o   To increase efficiency and remove barriers to competition and trade in product markets

o   To give incentives and encourage enterprise

Globalisation & International Trade

  • Factors affecting globalization

  • Benefits & costs associated with globalization

  • Theory of Comparative Advantage

  • Patterns of Trade (SG)

  • Protectionism

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