In recent times, macroeconomic issues have featured prominently in policy debates around the world. The first year macroeconomics course provided a broad overview of macroeconomic principles. This course extends the discussion by developing a well-founded knowledge and skills in macroeconomics principles and delving further into the mechanisms of the macroeconomy. In particular, this course examines the key issues of macroeconomic policy stabilisation, and focusing on the forces that drive long-term prosperity, business cycles and the role of policymakers, the role of the central bank in the conduct of monetary policy, and the features and role of financial and labour markets in the changing global economy. Students are equipped with the tools, skills and knowledge base necessary to critically and analytically evaluate the macroeconomy.