Upon completion of this course, students will be able to:
1. Calculate the equilibrium interest rate, consumption level, national income and investment level in open and closed economies;
2. Estimate the level of government expenditure or taxation that are needed to increase the level of national income;
3. Calculate the balance of payment deficit in PNG and identify appropriate strategies that are needed to recover deficits.
National income accounting; Savings; Investment and consumption; IS-LM framework; Aggregate demand and supply; Money and banking; Inflation; Employment and unemployment; International trade; Balance of payments; Exchange rate system; Trade policies, economic growth and development.
Phone: +675 473 4999 Fax: +675 475 7776
