Simon Fraser University
Engaging the World

Course Outlines

Fall 2022 - ECON 105 D200

Principles of Macroeconomics (4)

Class Number: 3772

Delivery Method: In Person

Overview

  • Course Times + Location:

    Sep 7 – Dec 6, 2022: Mon, 12:30–2:20 p.m.
    Burnaby

    Sep 7 – Dec 6, 2022: Wed, 12:30–1:20 p.m.
    Burnaby

  • Exam Times + Location:

    Dec 8, 2022
    Thu, 8:30–11:30 a.m.
    Burnaby

Description

CALENDAR DESCRIPTION:

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.

COURSE DETAILS:

This course is designed to introduce the basic concepts of macroeconomics. These include, among others: growth, inflation, unemployment, interest rates, aggregate supply and demand, business cycles, international trade, and exchange rates. These issues will be analyzed in this course both through basic macroeconomic models and through illustrative examples from the experience of the Canadian economy.

By the end of these course, students will gain a general understanding of macroeconomics as a scientific and relevant discipline, including but not limited to the role of models in analyzing complex phenomena.

Topics:

  • Economic Issues and Concepts
  • An Introduction to Macroeconomics and National Income Measurement
  • The Economy in the Short Run
  • The Economy in the Long Run
  • Money, Banking, Prices, and Monetary Policy
  • Problems and Policies: Inflation, Unemployment, Government Debt
  • Canada in the Global Economy: International Trade and Exchange Rates

 

COURSE-LEVEL EDUCATIONAL GOALS:

Upon successful completion of the course, students will be able to:

 

  1. State the definitions of basic macroeconomic variables and concepts: GDP, growth, inflation, unemployment, interest rate; equilibrium, real, nominal, recession, business cycle, and describe how those variables are measured.
  2. Explain the effects of a change in economic environment, like change in policy or unexpected shock, on the aggregate demand and supply sides of the economy.
  3. Describe the functions of money in an economy and the role played by the central banks and banking system to determine money supply.
  4. Distinguish short-run and long-run differences in relations between economic variables.
  5. Follow, understand and contribute to the public discussion on the recent macroeconomic problems such as inflation, recession, stagflation, monetary policy and unemployment.

 

Grading

  • Quizzes 20%
  • Midterm 35%
  • Final Exam 45%

Materials

REQUIRED READING:

Macroeconomics, 17th Canadian Edition, Pearson, 2023. (Ragan, Christopher T.S.). (etext only, MyLab is not required) (16th Canadian Edition[online or print] is also accepted)

REQUIRED READING NOTES:

Your personalized Course Material list, including digital and physical textbooks, are available through the SFU Bookstore website by simply entering your Computing ID at: shop.sfu.ca/course-materials/my-personalized-course-materials.

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 caladmin@sfu.ca.

***NO TUTORIALS DURING THE FIRST WEEK OF CLASSES***

Registrar Notes:

ACADEMIC INTEGRITY: YOUR WORK, YOUR SUCCESS

SFU’s Academic Integrity website http://www.sfu.ca/students/academicintegrity.html is filled with information on what is meant by academic dishonesty, where you can find resources to help with your studies and the consequences of cheating. Check out the site for more information and videos that help explain the issues in plain English.

Each student is responsible for his or her conduct as it affects the university community. Academic dishonesty, in whatever form, is ultimately destructive of the values of the university. Furthermore, it is unfair and discouraging to the majority of students who pursue their studies honestly. Scholarly integrity is required of all members of the university. http://www.sfu.ca/policies/gazette/student/s10-01.html