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BEA220 is an intermediate level unit in macroeconomic theory and policy. Building upon the macro foundations taught in BEA110 Economics for Business, this unit both provides students with a solid grounding in macroeconomics and prepares them for advanced study in the field.
In addition to teaching the technicalities of intermediate level macroeconomics, BEA220 equips students with the macroeconomic theory (the IS-LM model) used by economists in the "real world", eg by Treasury officials in the formulating of the Government Budget, or by business economists forecasting GDP and inflation. Topics studied include the theory of aggregate demand, the concept of full employment, the determination of the level of output and unemployment, inflation, the balance of trade and international capital movements.
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