To analyze and provide a basic knowledge of the macroeconomic environment in which consumers, firms and government operate. To provide the students with an understanding of the various motions and concepts of macroeconomics.

Upon completion of this course students will be able to:

1. Explore key concepts and explain the structure and performance of the macroeconomic environment.

2. Define key concepts that are employed in developing macroeconomics models that underpin economic policy.

3. Discuss the methods of calculating national income.

4. Review the terms money and modern banking and explain the central banking and monetary system.

5. Interpret the economic growth and how it is affected by the business cycle.

6. Explain European economy and identify the economic problems in developing countries.