Area of Study
Taught In English
Course Level Recommendations
ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.
Recommended U.S. Semester Credits3 - 4
Recommended U.S. Quarter Units4 - 6
Hours & Credits
OverviewThis unit is an introductory course in macroeconomics. It
focuses on the economy as a whole, the economy seen as a set
of markets related to each other, rather than on the features
characterising the equilibrium in an individual market, for
example, the market for shoes. Topics covered include gross
domestic product (GDP), savings, unemployment, inflation,
money, the balance of payments, exchange rates, fiscal policy
and monetary policy. At the end of the course, students should
be able to apply the main model used by economists to
represent the economy (aggregate supply-aggregate
demand), identify the forces that determine the equilibrium
level of output, employment, inflation, interest rates, the
exchange rate and their movements, and be able to analyse
and predict the effect of shocks to supply and/or demand.
Courses and course hours of instruction are subject to change.
Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.