This course explores the nature and scope of the international environment in which today‘s business managers operate. The aim of the course is to provide the key macroeconomic variables and to explain how they are defined and measured in order to enable the students to interpret macroeconomic data properly. The course is designed to provide a understanding of the macroeconomics concepts and analytical tools to develop a framework for analysing contemporary macroeconomic issues such as business cycles, money, inflation, interest rates, wages, labour markets, productivity and growth, linking the macroeconomic indicators to short-term world economic situation.