Unit Title: The circular flow model, government goals, and balance of payments

Prerequisite: ECO301

Semester 1: Not offered               Semester 2: Offered on F-F mode

This unit is designed to help students develop and acquire broader knowledge and understanding on the subject of economics at the macro level. Topics covered in this unit include the circular flow of income model, business cycle, aggregate demand and supply, goals of government, and balance of payments accounts. Students will be guided on how to use the circular flow of income model to explore the economy as a system of real and monetary connections between five key sectors. Current data and trends will be analysed to evaluate the implications for the Solomon Islands economy.