DALHOUSIE UNIVERSITY 
ECON 1102: Principles of Macroeconomics 
Comprehensive Revision Guide and Notes 2026 
 
- Part 01: Revision Notes 
- Part 02: Sample Examination 
- Part 03: Suggested Solutions to Exam Paper 
- Part 04: Study Tips for Students 
 
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Dalhousie University - ECON 1102: Principles of Macroeconomics

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ACADEMIC YEAR 2025 - 2026

University	Dalhousie University
Study Level	Undergraduate
Course Code	ECON 1102
Course Name	Principles of Macroeconomics
Notes Title	Comprehensive Revision Guide and Notes
Page Length	78

This comprehensive guide for ECON 1102: Principles of Macroeconomics at Dalhousie University is your key to excelling in the course. With clear explanations, it simplifies complex topics, helping you understand and retain essential concepts. The guide includes detailed notes, examiner advice, practice questions, and a sample test with solutions to prepare you for all assessments. Whether you’re just starting the course or reinforcing your knowledge, this essential resource will strengthen your understanding of macroeconomics and pave the way for academic success.

ECON 1102: Principles of Macroeconomics covers fundamental concepts in macroeconomics, including trade-offs, opportunity costs, and key macroeconomic variables. It explores how GDP is measured from both the expenditure and income sides, the determination of equilibrium national income, and the impact of fiscal policy on national income. The course also examines the effects of aggregate demand and supply shocks on real GDP and prices, the process of output returning to potential after a shock, and the factors driving economic growth, including different growth theories. It discusses the functions of money, how commercial banks create money, and the short- and long-term effects of monetary policy, with a focus on how the Bank of Canada conducts this policy.

Key Areas of Focus:

Understand the basic concepts and goals of macroeconomics.
Learn how to measure national income and its components.
Analyze the simple short-run macroeconomic model.
Examine the role of government and trade in the macroeconomic model.
Explore how output and prices are determined in the short run.
Understand the transition from short-run to long-run macroeconomic equilibrium.
Study long-run economic growth and its factors.
Gain insights into money, banking, and their impact on the economy.
Understand monetary policy in Canada and its effects on the economy.

COURSE CODE	COURSE NAME
COMM 1060	Introductory Statistics for Science and Health Sciences
COMM 1101	Introductory Accounting I (Financial)
COMM 1503	Introduction to Quantitative Decision Making
COMM 2202	Finance I
COMM 2203	Finance II
COMM 2303	Introduction to Organizational Behaviour
COMM 2401	Introduction to Marketing
COMM 2501	Statistics for Business
COMM 2603	Legal Aspects of Business
COMM 3105	Intermediate Financial Accounting I
COMM 3111	Intermediate Financial Accounting II
COMM 3116	Cost Management
COMM 3203	Financial Institutions
COMM 3206	Investment and Money Management
COMM 4240	Advanced Corporate Finance
COMM 4402	Derivatives
ECON 1101	Principles of Microeconomics
ECON 1102	Principles of Macroeconomics
ECON 2200	Intermediate Microeconomics
ECON 3338	Econometrics I
ECON 4440	Time Series in Economics

Dalhousie University - ECON 1102: Principles of Macroeconomics

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