Extends the macroeconomics analysis introduced in ECON 2200. It develops modern theories of the determination of income, employment and prices with attention to their application to the Canadian experience. Emphasizes the application of theory to understanding the workings of macroeconomics policy.
Acceptance into the Bachelor of Business Administration program.
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Upon successful completion of this course the student will be able to:
Identify recent economic events of importance in Canada's macro-economic history.
Explain the relationships between economic variables, such as unemployment, inflation, and real GDP.
Analyze the current state of the Canadian economy.
Use a standard macroeconomic model, such as IS-LM, to illustrate the effects of various events on the Canadian economy.
Use algebra and calculus to solve standard economic models and interpret the results.
Analyse the impact of various political and economic events, including foreign events, on the Canadian economy.
Access the importance of various Canadian economic goals.
Determine which fiscal and monetary policies would be effective in achieving Canadian economic goals.
Analyse current economic issues in a team setting.
Effective as of Fall 2015
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