UNIVERSITY OF JUBA
SCHOOL OF BUSINESS AND MANAGEMENT
EVENING UNDERGRADUATE DEGREE PROGRAM
FIRST YEAR SEMESTER TWO
ACADIMIC YEAR 2024/2025
COURSE TITLE: INTRODUCTION TO ECONOMICS II
INSTRUCTOR NAME: Mr. THON MAKOI
Date: August 23, 2025
Course Outline:
1- Introduction to macroeconomics, and definition to macroeconomics
2- National income accounting
Definition of national income economic
G,D,P, GNP and NNP
Growth domestic product, definition calculation significance
Methods of measuring national income
Circular below of income
Difficulties of measuring national income
Real vs nominal NNP
3- The theory of income determination
Consumption function
Saving function
Equilibrium income
Investment multiplier
4- Money and Banking
Definition of money
Characteristics of money
Barter system
Difficulties of barter system
Function of money
Type of money
Definition of banking
Central bank and its function
Commercial bank and their function
5- Inflation
Definition of types of inflation
Economic effect of inflation
Measurement of inflation
International trade
Definition and type of international trade
Reason for international trade
Advantages of international trade
Trade restrictions and methods
Balance of trade (BOT) and Balance of payment (BOP)
Terms of trade (TOT)
Theories of Absolute comparative
Introduction to Macro Economic
- Inflation & deflation
- Unemployment
- Economic Growth, national income
- International trade
Microeconomics Macroeconomics
Individual / Households, Level (Firms, Aggregate Level Analysis
industrial) National Income
Demand & Supply Employment & Unemployment
Elasticity Inflation & Deflation
Consumer Behavior Economic Growth & Development
Theory of Production & Costs Monetary Policy
Market Structures Fiscal policy
Factor Pricing Balance of Payments & Trade
Macro economy:
Policy of inflation:
Economic for
Resource allocation
Public awareness
Stability
Questions:
1- What is Macroeconomics?
2- What is the different between microeconomic and macroeconomics?
3- What is the importance of macroeconomics?