Course Description

This chapter zooms out to explore the economy as a whole, focusing on key government objectives such as economic growth, low unemployment, stable inflation, and a healthy balance of payments. It explains how national income is measured and introduces fiscal and monetary policy as tools to manage the economy. Students also examine the causes and effects of inflation and unemployment, as well as the role of central banks. By the end, learners can evaluate how well a country is performing economically and understand the trade-offs involved in achieving different macroeconomic goals.