University of Greenwich - ECON1008: Macroeconomics I (Solutions)

This is an introductory-level core module in macroeconomics for students intending to pursue further studies in economics. It provides both a theoretical and applied understanding of macroeconomic concepts, viewed from an international perspective. The module addresses important topics such as macroeconomic stabilisation, distributional equity, environmental sustainability, and the adequacy of living standards, all approached from a pluralist viewpoint. Real-world examples of macroeconomic policies and their effects are examined to show the connection between theory and real-life experiences.

The module covers theory, applications, and policy. It begins with an introduction to ways of thinking in economics, along with the instruments, tools, and methodology used in macroeconomics. Students explore the basics of macroeconomic accounting, measuring the economy, and social and environmental goals. Key topics include international comparisons related to the business cycle, unemployment, migration, inflation, trade and investment, and inequality. Theoretical and policy aspects focus on fiscal policy, monetary policy, money and banking, global macroeconomics, employment and wage theories, productivity, and inflation.