A. COURSE DESCRIPTION
This course focuses on macroeconomic principles and theories as well as their applications to the agricultural sector.

It is designed to provide students with the basic macroeconomic background which will be needed for more advanced courses offered in the Department of Agricultural Economics and Extension. The course covers national income and national products accounts,  money, banking, inflation, government budget and public finance; international trade, balance of payment and exchange rates; and
Zimbabwe macroeconomic policy reforms and their effects on agriculture.

B.  COURSE ARRANGEMENTS
The course will consist of three hours of lecture and periodic tutorials. The tutorials will be used for revising set exercises and "take-home" assignments.

C.  COURSE ASSESSMENT AND GRADING
The course grading and students assessment will be determined by the following:
    a)  A final examination in November carrying a weight of 70%
    b) A mid semester examination carrying a weight of 15§/o
    c)  Tutorial assignments carrying a weight of 15%

D.  COURSE TEXT BOOK
1.  Hill, B. (1990).  An Introduction to Economics for students
     of Agriculture. Oxford. Pergamon Press (Second
     Edition)

Supplement Textbooks
1.  Livingstone, I. and Ord H. V. (1981). Agricultural Economics
     for Tropical Africa. London Heinmann.

2.  Rukuni, M. and C. K. Etcher (eds). (1994). Zimbabwe's
     Agricultural Revolution. U.Z. Publications.

3.  Oni, S. A. (1997). The Impact of ESAP on Communal Areas of
     Zimbabwe. Published by Friedrich-Ebert Stiftung.

E. COURSE OUTLINE

      1. Introduction to Macroeconomic Theory
      2.  National Income and Products Accounts
      3.  Measuring National Income - The Three Approaches
      4.  Uses and Limitations of National Income Statistics
      5.  Aggregate Demand and its Components
      6.  National Income Determination
      7.  The National Income Multiplier
      8.  Money and Banking
      9.  Prices and Price Indices
      10.  Inflation, its causes and control
      11.  Public Finance and the Government Budget
      12.  International Trade and Theory of Comparative Advantage
      13.  Balance of Payments; Causes and Effects
      14.  Exchange Rate and its Determination
      15.  Agriculture and the Zimbabwe's Economy
      16.  ESAP and the Zimbabwe's Agricultural Sector