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.

ACC 1100  

ACC 2010  

ACC 2020