UNIVERSITY OF WATERLOO

ECON 102: Introduction to 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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[UWaterloo] ECON 102: Introduction to Macroeconomics - Solutions

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University
University of Waterloo
Department
Economics
Course Code
ECON 102
Course Name
Introduction to Macroeconomics
Notes Title
Comprehensive Revision Guide and Notes
Page Length
78

ACADEMIC YEAR 2026 - 2027

Prepare for Introduction to Macroeconomics (ECON 102) at the University of Waterloo with this clear, up-to-date guide. You will find comprehensive notes, concise summaries, helpful diagrams, and exam practice questions with fully worked solutions and explanations to test yourself under realistic conditions. Each section flags common mistakes and includes quick checks to keep your revision focused. Use this guide during the course to test your understanding, refine your exam technique, and apply your knowledge with confidence.

ECON 102: Introduction to Macroeconomics

This course introduces students to the measurement and behaviour of key macroeconomic variables both in Canada and around the world. Topics include national accounts, inflation, interest rates, wages, international balance of payments, business cycles, growth, employment, unemployment, poverty, and inequality.

✔ Upon completion of this course, students will be able to:

Understand how to measure GDP and analyze economic growth.
Monitor jobs, inflation, and their impact on the economy.
Explore the relationship between finance, saving, and investment.
Explain the role of money, price levels, and inflation.
Analyze the exchange rate and balance of payments.
Examine aggregate supply and demand models.
Apply the Keynesian model and understand expenditure multipliers.
Study Canadian inflation, unemployment, and business cycles.
Evaluate the impact of fiscal and monetary policy on the economy.

UNIVERSITY OF WATERLOO

Studying for another course? Select a course below to review the resource details and what’s included.

COURSE CODE	COURSE NAME
AFM 101	Introduction to Financial Accounting
AFM 102	Introduction to Managerial Accounting
AFM 231	Business Law
AFM 272	Global Capital Markets and Financial Analytics
AFM 273	Financial Instruments and Capital Markets
AFM 274	Introduction to Corporate Finance
AFM 275	Corporate Finance
AFM 280	Introduction to Organizational Behaviour
AFM 291	Intermediate Financial Accounting 1
AFM 322	Derivative Securities
AFM 391	Intermediate Financial Accounting 2
ECON 101	Introduction to Microeconomics
ECON 102	Introduction to Macroeconomics
ECON 201	Microeconomic Theory for Business and Policy
ECON 221	Statistics for Economists
ECON 290	Models of Choice in Competitive Markets
ECON 322	Econometric Analysis 1
ECON 323	Econometric Analysis 2
ECON 371	Business Finance 1
ECON 372	Business Finance 2
ECON 423	Time Series Econometrics
MGMT 244	Principles of Marketing
PSYCH 292	Basic Data Analysis
STAT 202	Introductory Statistics for Scientists
STAT 443	Forecasting

MITCA

Updated for 2026

[UWaterloo] ECON 102: Introduction to Macroeconomics - Solutions

INFORMATION

COURSE DESCRIPTION

RELATED COURSES

University	University of Waterloo
Department	Economics
Course Code	ECON 102
Course Name	Introduction to Macroeconomics
Notes Title	Comprehensive Revision Guide and Notes
Page Length	78