Welcome to the Macroeconomics for Business Management course! During this first week, we will cover the concept of Gross Domestic Product, why it is crucial for your business plan as it is also considered to be the income of the country, and one of its components, household consumption.
Learning Outcomes:
Describe the concept of Gross Domestic Product (GDP) using the knowledge provided in this module
Distinguish the main components of the GDP by using the concepts provided in this module
Determine what is the consumption component of the GDP
Assignments:
Describe the concept of Gross Domestic Product (GDP) using the knowledge provided in this module
During this second week, we will continue the analysis of the Gross Domestic Product components, covering investments and government. Mainly how investors in gross capital formation make their decision using some key elements such as real interest rates (cost of opportunity) and confidence
Learning Outcomes:
What is basic concept GDP?
Why GDP Is Important Factor For the country growth?
What is the impact of GDP on Interest rates?
Assignments:
Distinguish the main components of the GDP by using the concepts provided in this module.
In this chapter we learn how monetary policy establishes the link between the inflation rate and aggregate expenditure that determines the slope of the AD curve. Central banks set interest rates to control the inflation rate based on an inflation rate target.
Learning Outcomes:
What is the impact of monetary policy on inflation?
How Inflation is reduced?
What is the movement of slope AD towards country monetary policy?
Assignment:
Distinguish the main components of the GDP by using the concepts provided in this module.
In this chapter we learn that monetary policy and the macroeconomic policy laid down by the central bank. It involves management of money supply and interest rate and is the demand side economic policy used by the government of a country to achieve macroeconomic objectives like inflation, consumption, growth and liquidity.
Learning Outcomes:
Describe the role of monetary policy in terms of macroeconomic policy.
What is Money supply?
How to achieve macroeconomic objectives like inflation, consumption, growth and liquidity?
Assignment:
Distinguish the main components of the GDP by using the concepts provided in this module.
In this chapter students will learn about balance of payments (BOP) and it is the method by which countries measure all of the international monetary transactions within a certain period. Moreover, we will learn about the procedure of examining the transaction of all the exports and imports of goods and services for a given period.
Learning outcomes:
What is the basic procedure of Balance Of Payments?
What is the role of international monetary transactions in our economy?
How does monetary policy improvise the rules and regulation of monetary policy?
Assignments
Distinguish the main components of the monetary policy by using the concepts provided in this module.
In this phase of chapter we discuss the interest rates determined in the money market and important effects on the foreign exchange rate. Moreover we learn that With free international trade in financial assets, portfolio managers, having chosen to hold some part of their portfolios in bonds, have an additional choice.
Learning Outcomes:
Describe and discuss the effect of interest rates in the Money Market?
What is free international trade?
Discuss the importance of foreign exchange ?
Assignment:
Distinguish the main components of the interest rates, money market and foreign exchange by using the concepts provided in this module.
In this chapter we try to learn about the law of demand and supply and how this demand supply factor influences the consumer’s behavior and what are the basic benefits of using demand supply theory in the market.
Learning Outcomes:
What is the law of demand and supply?
How is demand supply used in the market?
What is the consumer behavior on demand and supply?
Assignment:
Distinguish the main components of the GDP, inflation, by using the concepts provided in this module.
In this chapter we try to learn about the Patterns of economic growth across countries, Patterns of economic growth across countries, Differences in growth rates, Growth in potential output, Growth in per capita GDP.
Learning Outcomes:
Define the Patterns of economic growth across countries?
Explain the Differences in growth rates and Growth in potential output?
What is Growth in per capita GDP?
Assignment:
Distinguish the main components of Economic Growth, per capita income, by using the concepts provided in this module.
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Requirements
Must possess an HSSC / A-Level Certificate. Keen Seeker and have a good ability to communicate.
Description
Nowadays, the amount of information we receive about the economic situation such as Gross Domestic Product (GDP) growth, exchange rate, interest rates is overwhelming. The course will help those participants make clever use of all this information by connecting economic variables that in principle we believe do not impact our plans. After some classes, you will understand how macroeconomics can affect your lives and how you can use that bunch of information at your service. Concepts such as GDP, income, demand, supply, inflation, exchange rate, interest rates, the balance of payments, speculative attacks, exchange rate, and economic crisis will be given. Certainly, you will be able to connect those concepts and understand how to use them to build your own macroeconomic scenarios for business and personal purposes.
Mr. Khan is professional teacher who have vast experience of teaching/consulting in multiple universities of Islamabad like Fast, Nust, Quaid e Azam University Islamabad. Mr. Khan has been in management sciences and economics training almost 9 years and received a certification from the re-known training institute of Pakistan. Mr. Khan has been master trainer HEC, member core committee HEC on Revamping Undergraduate Curriculum and visiting trainer of various universities in Pakistan. Over the last two years, he has delivered more than 300 online training sessions in Pakistan and overall world.
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