BS1652: Macroeconomics (Solutions) - Cardiff University

BS1652: Macroeconomics provides a comprehensive introduction to the principles of macroeconomic analysis, preparing students for further studies in the field. Key areas of focus include the determinants of inflation, business cycles, and unemployment, alongside major economic theories like the Classical, Keynesian, and Neo-Classical Synthesis models. It explores the role of monetary and fiscal policy, interest and exchange rate determination, and the evolution of modern macroeconomic models, including those based on rational expectations. Additional topics include open economy frameworks like supply-side issues related to productivity, growth, and government intervention, as well as fundamentals of money, banking, and national accounts. Students will critically assess these theories and their real-world applications, gaining a strong foundation in macroeconomics and its relevance to economic policy.