Introduction to Macro Economic Policy

Overview

Framework:
Access to HE 2024
Level:
Level 3
Unit No:
Not available
Credits:
3
Guided learning hours:
Not available

Qualification Grading Type

Graded

Unit Learning Outcomes

1.

Understand the aims and objectives of government macro-economic policy.

Assessment Criteria

  • 1.1

    Explain the need for macro-economic aims.

  • 1.2.

    Summarise the objectives of government macro-economic policy.

2.

Understand the purpose of economic policy making.

Assessment Criteria

  • 2.1.

    Explain the purpose of economic policymaking.

3.

Be able to analyse the effects of the global economic environment.

Assessment Criteria

  • 3.1.

    Compare and contrast the effectiveness of fiscal and monetary policies in achieving economic goals.

  • 3.2.

    Analyse the effects of the global economy on government economic policy.

4.

Understand market structures.

Assessment Criteria

  • 4.1.

    Compare different market structures.

  • 4.2.

    Evaluate why the monopoly market exists.