The overall health of the economy as measured by gross domestic product, unemployment rates, inflation rates, interest rates, the balance of payments exchange rates and the money supply is the prime focus of this course . Keynesian and monetarist theories of income and employment are used as a framework for analyzing government monetary and fiscal policies.
The role of the Bank of Canada and the chartered banks in determining the money supply and interest rates is described. Current debate relating to the public debt and supply side economics is evaluated. International economic issues including free trade the balance of payments are also examined. Where appropriate, applications to current events are introduced and topics are enhanced wherever possible.
Mankiw, Kneebone, McKenzie. (2019). Principles of Macro Economics with Mindtap Access (8th Canadian Edition). Toronto, Ontario: Nelson Education Ltd.
The Course Duration is 64 Hours
Course Homework Hours will be 10 hours per week approximately.
Teaching Methods will Involve Seminar Format, Lecture format and Laboratory Format depending upon the course demand
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A Candidate has to attain a minimum score of 50% overall to ensure successful course completion