Fall 2023 - ECON 105 D900
Principles of Macroeconomics (4)
Class Number: 2906
Delivery Method: In Person
The principal elements of theory concerning money and income, distribution, social accounts, public finance, international trade, comparative systems, and development and growth. Students with credit for ECON 205 cannot take ECON 105 for further credit. Quantitative/Breadth-Soc.
Economics is a special way of looking at human behaviour. Traditionally, it is divided into two big chunks, Microeconomics and Macroeconomics. While Microeconomics studies the behaviour of individuals and concrete markets, Macroeconomics studies how the economy behaves as a whole. Two big ideas drive these studies. One is that the economy is a self-regulating system, and so we study how it arrives at the outcomes that we observe. The other one is that we can influence those outcomes, and so we study how it could be done, i.e., Macroeconomics is very policy oriented. Some big questions that the macroeconomists ask include: What determines the level of the national output or income? Why is there unemployment? What causes inflation? How does international trade influence standards of living? Why do some countries become very rich over time while others struggle to achieve any economic growth? How can government policies help to mitigate the impacts of business cycles or stimulate economic growth? We will tackle these and many other questions, using the simple macroeconomic models and carefully considering their applications to everyday events.
- Economics Methodology & Models
- Macroeconomic Aggregates
- Short-Run Equilibrium Models
- Business Cycles & Stabilization Policies
- Long-Run Equilibrium Models
- Economic Growth & Policies
- Money, Banking, & Interest
- Canadian Monetary Policies
COURSE-LEVEL EDUCATIONAL GOALS:
- Online Quizzes 10%
- Assignments 25%
- Midterm Test 25%
- Final Exam 40%
Christopher T.S. Ragan (2022). Macroeconomics, Seventeenth Canadian Edition, 17th edition, Pearson Canada
REQUIRED READING NOTES:
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Department Undergraduate Notes:
Please note that, as per Policy T20.01, the course requirements (and grading scheme) outlined here are subject to change up until the end of the first week of classes.
Final exam schedules will be released during the second month of classes. If your course has a final exam, please ensure that you are available during the entire final exam period until you receive confirmation of your exam dates.Students requiring accommodations as a result of a disability must contact the Centre for Accessible Learning (CAL) at 778-782-3112 or email@example.com.
***NO TUTORIALS DURING THE FIRST WEEK OF CLASSES***
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Students with a faith background who may need accommodations during the semester are encouraged to assess their needs as soon as possible and review the Multifaith religious accommodations website. The page outlines ways they begin working toward an accommodation and ensure solutions can be reached in a timely fashion.