Macroeconomics

Examine output, employment, inflation and external trade at economy level. You will connect household and business conditions to fiscal, monetary and exchange-rate decisions. Work with published indicators while distinguishing nominal values, real changes and differences between national contexts.

Learning outcomes

• Interpret a macroeconomic indicator
• Explain a policy transmission process
• Distinguish nominal and real changes

Main topics

• National accounts
• Growth and employment
• Inflation
• Fiscal policy
• Money and banking
• External balance

Practical task

Prepare an economic conditions briefing comparing two Southern African economies.

Assessment

Assessment combines applied exercises, a documented case or practical portfolio and an individual written or oral explanation. Judgement considers technical accuracy, reasoning, evidence quality and the feasibility of recommendations.