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

For the full unit details, please download the latest version of the qualification specification. This is available for download on the relevant qualifications page.

Unit Learning Outcomes

To view the assessment criteria and any additional content, please expand the relevant learning outcome below.

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.