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ECO 303 Intermediate Macroeconomic Theory I

300 levelSocial Sciences10 topics

ECO 303 covers 10 topics. StudyPath paces them into daily study sessions that finish before your exam date, with practice questions and worked answers for each one.

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Course outline

The topics this course covers, in teaching order.

  1. National income concepts and measurement
  2. The circular flow of income
  3. Classical theory of income and employment
  4. Keynesian theory of income determination
  5. The monetarist system
  6. The consumption function
  7. The investment function
  8. The multiplier and accelerator
  9. Equilibrium in the commodity, money and labour markets
  10. Inflation and unemployment

A sample from this course

One topic, as StudyPath teaches it.

National income concepts and measurement

National income concepts and measurement focus on how the total output, income, and expenditure of an economy are defined and calculated. For exams, you must master the main aggregates such as GDP, GNP, NNP, national income, personal income, and disposable income, and understand the three approaches to measuring national income and the practical difficulties involved.

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