This course provides students with a familiarity of the basic concepts and principles of macroeconomics, which are essential for the understanding of the economic challenges and problems faced by an economy in a global context. These concern economy-wide phenomena such as aggregate demand and output, inflation, unemployment, interest rates as well as the role of the central bank and the functioning of the banking system. The role of the government in formulating macroeconomic stabilization policy and financing the budget (the fiscal side of the economy) will also be examined.