Basic concepts of economics and the operation of the economy at the national level. Production, distribution and consumption of goods and services, the role of government, national revenues and their distribution, GDP, consumption function, savings function, investment expenditure, multiplier principle and the influence of government expenditure on revenue and production. Monetary policy analysis, fiscal policy analysis, banking sector analysis and the State Reserve System.

Course objectives at the knowledge level: • Demonstrate knowledge of macroeconomic concepts by being able to explain them with relevant terminology. • Demonstration of knowledge of macroeconomic theories by analyzing them through their assumptions and differences. • Demonstrate understanding of macroeconomic models by explaining the relationship between macroeconomic variables. • Demonstrate knowledge and understanding of current macroeconomic problems by applying relevant theories in concrete cases. Course objectives at the skill level: • Macroeconomic data collection and analysis of data sources • Interpret existing knowledge by explaining macroeconomic principles and how they are used in economic analysis. • Use of arguments based on knowledge gained. Course objectives at the attitude level: • Critical attitudes which is essential for "lifelong learning". • Open-minded and reflective and self-critical attitudes in order to improve. • Critical thinking attitude.