Course Outline - Business Administration Program: Year 1 ECON 187 Macroeconomics

Brief Course Description

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.

Course Prerequisites

Econ 186

Learning Objectives*

On completion of the Unit the candidate will be able to:
  1. Describe how the key economic variables are used to measure economic performance.
  2. Utilize models to explain short run and long run changes in the key economic variables.
  3. Describe the role of money and the banking system In our modern economy.
  4. Describe the objectives of monetary and fiscal policy and how they are applied.
  5. Discuss the significance of international trade, comparative advantage, exchange rates and the balance of payments.

Required course materials*

Mankiw, Kneebone, McKenzie. (2019). Principles of Macro Economics with Mindtap Access (8th Canadian Edition). Toronto, Ontario: Nelson Education Ltd.

Course Duration

The Course Duration is 64 Hours

Homework Hours

Course Homework Hours will be 10 hours per week approximately.

Delivery Methods

Indicate how the course is delivered: X In-class instruction
  • Distance education
  • Combined delivery (both in-class and distance)

Teaching Methods*

Teaching Methods will Involve Seminar Format, Lecture format and Laboratory Format depending upon the course demand

Method(s) of Student Evaluation*

Type of Assessment Value
Assignments 50%
Chapter Tests 20%
Final Exam 30%
Total 100%

Completion Requirements*

A Candidate has to attain a minimum score of 50% overall to ensure successful course completion