This module will equip students with the central concepts of macroeconomics, building on the foundations laid in ECON1021 Principles of Macroeconomics. Students will gain a clear understanding of the equilibrium behaviour of economies at the macro level. That is national level, using aggregate output or GDP as an outcome of interest. The module will distinguish between long run and short run macroeconomic behaviour and it will introduce student to theories of economic growth as well as of short run fluctuations. Throughout the module a focus is placed on the role of economic policy for macroeconomic outcomes and on understanding the patterns behind economic booms and busts and the effects of different fiscal and monetary policies.