MCGILL UNIVERSITY 
ECON 209: Macroeconomic Analysis and Applications 
Comprehensive Revision Guide and Notes 2025 
 
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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ECON 209: Macroeconomic Analysis and Applications (McGill University)

C$25.00

ACADEMIC YEAR 2025 - 2026

University	McGill University
Study Level	Undergraduate
Course Code	ECON 209
Course Name	Macroeconomic Analysis and Applications
Notes Title	Comprehensive Revision Guide and Notes
Format	PDF
Page Length	78

(McGill) ECON 209: Macroeconomic Analysis and Applications - a clear, student-friendly guide to help you excel. It explains tough ideas in plain language so you can understand and remember key concepts. Inside you’ll find detailed notes, examiner tips, practice questions, and a sample test with fully worked solutions. Start strong or review fast with concise summaries and quick checklists. Use this resource to build confident understanding of macroeconomics and stay on track with all course requirements.

A university-level introduction to national income determination, money and banking, inflation, unemployment and economic policy. The course requires students to have completed ECON 208 or to obtain permission from the instructor to enroll. It is restricted and cannot be taken by students who have already taken or are currently enrolled in ECON 295, ECON 330, or ECON 352, ensuring that the material covered is new and challenging for all participants.

Key Areas of Focus:

Understand key macroeconomic variables and how they are measured.
Explain the circular flow of income and its components: income, production, and expenditure.
Analyze the determinants of consumption and investment and their impact on aggregate output.
Understand the concepts of aggregate demand (AD) and aggregate supply (AS), and the multiplier effect.
Explore the process of economic adjustment, including price adjustment and the output gap.
Analyze the relationship between money, monetary policy, and inflation.
Understand government debt, deficits, and the implications for the economy.

COURSE CODE	COURSE NAME
ACCT 351	Intermediate Financial Accounting 1
ACCT 352	Intermediate Financial Accounting 2
ACCT 361	Management Accounting
CACF 210	Introductory Financial Accounting
CACF 215	Introductory Managerial Accounting
CACF 310	Intermediate Financial Reporting 1
CACF 325	Intermediate Financial Reporting 2
BUSA 364	Business Law 1
ECON 208	Microeconomic Analysis and Applications
ECON 230D (1&2)	Microeconomic Theory
ECON 209	Macroeconomic Analysis and Applications
FINE 441	Investment Management
FINE 342	Corporate Finance
FINE 442	Capital Markets and Institutions
ECON 337	Introductory Econometrics 1
FINE 443	Applied Corporate Finance
FIN 448	Financial Derivatives
MATH 324	Statistics
MGCR 211	Introduction to Financial Accounting
MGCR 222	Introduction to Organizational Behaviour
MGCR 271	Business Statistics
MGCR 341	Introduction to Finance
MGCR 352	Principles of Marketing
MGSC 372	Advanced Business Statistics
MATH 423	Applied Regression

ECON 209: Macroeconomic Analysis and Applications (McGill University)

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