MOUNT ROYAL UNIVERSITY

ECON 1103: 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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Mount Royal University - ECON 1103: Principles of Macroeconomics

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ACADEMIC YEAR 2026 - 2027

University	Mount Royal University
Study Level	Undergraduate
Course Code	ECON 1103
Course Name	Principles of Macroeconomics
Notes Title	Comprehensive Revision Guide and Notes
Format	PDF
Page Length	78

Prepare for ECON 1103: Principles of Macroeconomics at Mount Royal University with a clear, up-to-date revision guide built for the final examination. Inside are syllabus-aligned notes, concise explanations, helpful diagrams, and sample exam papers with fully worked solutions so you practise under realistic conditions. Each section flags frequent mistakes and includes quick checks to keep revision focused. Use it alongside your course materials to test understanding, refine technique, and apply knowledge in the exam.

This course will acquaint students with introductory macroeconomic principles and issues, including key macro variables, and two important short run models of income determination, namely the Keynesian model and the AS/AD model. The course also examines the monetary system, interest rates and the monetary transmission mechanism, business cycles, fiscal and monetary policies, international trade, exchange rates and the balance of payments.

✔ Key Areas of Focus:

Understand how to measure the size of the economy and the cost of living.
Learn about production, economic growth, and improving the standard of living.
Explore the role of saving and investment in long-run economic growth.
Understand unemployment and its natural rate in the economy.
Learn about money, inflation, and the monetary system.
Understand how money growth affects inflation.
Explore macroeconomic concepts in an open economy, including trade and exchange rates.
Analyze short-run economic fluctuations using the AD-AS model.
Understand the impact of monetary and fiscal policy on short-run economic fluctuations.

COURSE CODE	COURSE NAME
ACCT 2121	Financial Accounting Concepts
ACCT 3221	Intermediate Accounting I
ACCT 3224	Management Accounting I
ACCT 4222	Intermediate Accounting II
ACCT 4280	Introduction to Personal and Corporate Income Tax
ECON 1101	Principles of Microeconomics
ECON 1103	Principles of Macroeconomics
ECON 2211	Intermediate Economic Theory - Microeconomics I
ECON 3395	Introduction to Applied Econometrics
FNCE 3227	Introduction to Finance
FNCE 3228	Advanced Corporate Finance
FNCE 4407	Investments and Portfolio Management
FNCE 4408	Financial Risk Management
FNCE 4409	Security Analysis and Valuation
MATH 1224	Introduction to Statistics
MATH 2333	Statistics for Life Sciences
MATH 3454	Regression and Time Series Analysis
MGMT 2130	Management Principles and Practices
MGMT 2262	Statistics and Analytics for Business
MGMT 3230	Business Law
MKTG 2150	Introduction to Marketing

MITCA

Updated for 2026

Mount Royal University - ECON 1103: Principles of Macroeconomics

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