Through this course, you'll gain a strong foundation in measuring economic activity, explore competing theories behind business cycles, and evaluate the effectiveness of policy instruments in navigating economic fluctuations. From national income accounts to the IS-LM model and its open economy variations, the course equips you to understand how economies function and the tools policymakers use to influence them.

✔ Upon finishing the course, you should be able to:

• Explain the principles of macroeconomics and its role in policymaking.

• Apply various methods to measure economic activity, including national income and output.

• Analyze the interactions between production, consumption, and investment in the goods market.

• Understand the role of financial markets in the economy and their impact on interest rates.

• Utilize the IS-LM model to explain the relationship between investment, saving, interest rates, and money supply.

• Evaluate the effects of international trade and financial openness on national economies.

• Analyze the impact of global factors on the goods market, output, interest rates, and exchange rates.

• Explain the concept of business cycles and identify the key factors causing economic fluctuations.

• Apply the IS-LM/AS model to understand the combined effects of monetary and fiscal policy.

• Evaluate the strengths and limitations of classical and Keynesian approaches to business cycle analysis.

• Analyze the relationship between inflation and unemployment, and the policy trade-offs involved.

• Explain the role of the Bank of Canada in conducting monetary policy and its impact on the economy.

• Demonstrate a comprehensive understanding of macroeconomic concepts through a final exam.

COURSE CODE

COURSE NAME

ACC 1100  

Introductory Financial Accounting

ACC 2010  

Intermediate Accounting – Assets

ACC 2020  

Intermediate Accounting – Equities

ACC 3040 

Cost Accounting

ACC 4030

Accounting Theory

ECON 1010 

Introduction to Microeconomic Principles

ECON 1020

Introduction to Macroeconomic Principles

ECON 2010

Microeconomic Theory 1

ECON 2040

Quantitative Methods in Economics

ECON 3040  

Introduction to Econometrics

ECON 4490  

Macroeconometrics for Policy Analysis

FIN 2200  

Corporate Finance

FIN 3410  

Investments

FIN 3460  

Financial Markets and Institutions

FIN 3480  

Corporate Finance Theory and Practice

FIN 4270  

Options and Futures

GMGT 2070  

Organizational Behaviour

LAW1102  

Contracts

MKT 2210  

Fundamentals of Marketing

STAT 1000  

Basic Statistical Analysis 1

STAT 3490  

Time Series Analysis