Singapore University of Social Sciences

ECO205 National Economy and Growth examines macroeconomic and growth issues. Students will first learn about the components and concerns of the macroeconomy, including the topics of Gross National Product (GDP), unemployment, inflation, and growth. The macroeconomy will then be explored using two key approaches: the Aggregate Expenditure approach and the Aggregate Demand/Aggregate Supply approach. Using these models, students will learn to evaluate the effects of fiscal policies such as taxes and government expenditure, and monetary policies including interest rate adjustments. The labour market, long run growth theories, international economy, and the contemporary issues of growth in developing countries will also be covered.