Movements and Inter-Relations between Key Macroeconomic Variables; Aggregation Issues, National Income, Inflation and Money, The Closed Economy and Open Economy Transmission Mechanisms. A Flexible Price Model: The Determination of Aggregate Income, the Role of the Factors of Production, and the Effectiveness of Macroeconomic Policy, Under the Assumption of Flexible Prices.

The Money Supply and Monetary Policy Enactment, The Quantity Theory and Money Demand, Economic Stabilisation, Overview of The Financial System, Bond Markets and Interest Rates, Financial Innovations and the Financial Crisis.

The Market for Loanable Funds Approach to The Goods Market, Fiscal Policy and Government Debt, Fiscal Multipliers, Open Economy in the Loanable Funds Market. A Heterodox Approach to Macroeconomic Stabilization Policy.

Building the IS/LM model. The Keynesian Cross and the Investment Savings Schedule, The Money Market and the Liquidity Money Schedule.

Using the IS/LM for Economic Policy Analysis, Comparative Statics and the Financial Crisis Revisited.

Using the IS/LM and the IS/LM/BP Model to Understand Trade Policy. Fixed Exchange Rate Regimes, Floating Exchange Rates and Currency Wars