Principles of Macroeconomics

Faculty
Commerce & Business Administration
Department
Economics
Course Code
ECON 1250
Credits
3.00
Semester Length
12 Weeks X 4 Hours per Week = 60 Hours
Max Class Size
35
Method Of Instruction
Lecture
Seminar
Typically Offered
To be determined
Campus
Online

Overview

Course Description
This course will provide the student with a framework for the analysis of models of income determination. The components of national income will be examined in the context of these models. Theory relating to the role of money and the potential role of government in the maintenance of both internal and external balance will be presented.
Course Content
  1. Introduction to macroeconomics.
  2. Measuring macroeconomic variables.
  3. Aggregate expenditure model of income determination.
  4. Aggregate demand-aggregate supply model of income determination.
  5. Business cycles and fluctuations in national income.
  6. Fiscal policy.
  7. The money supply, the banking system, the Bank of Canada and monetary policy.
  8. Trade theory, including comparative advantage, and protectionism.
  9. Balance of payments and macroeconomic policy.
  10. Foreign exchange rates.
Methods Of Instruction

Lecture and Seminar.

Means of Assessment
Final Examination  30% - 40%
Term Examination(s)  30% - 70%
Assignments   0% - 30%
Participation and/or Quizzes        0% - 10%
Total          100%

THERE WILL BE A MINIMUM OF THREE (3) EVALUATIONS.

Learning Outcomes

At the end of the course, the successful student should be able to:

  1. construct a model for national income determination and analyze the effects of a change in one of the variables, as in multiplier analysis;
  2. analyze the effects of inflation and deflation, and develop policy alternatives.
  3. apply the economic concepts of supply and demand to explain the determination of foreign exchange and interest rates;
  4. analyze the effectiveness of monetary and fiscal policies under fixed and flexible exchange rate regimes;
  5. analyze the policy options available to central authorities to maintain both internal and external balance in an open economy.
Textbook Materials

Textbooks and Materials to be Purchased by Students

The main text is to be chosen from the following, as determined by the instructor:

 

  • Lipsey, R.G., Purvis et al.  Economics, Latest Ed.  New York:  Harper & Row.
  • Mankiw, N.G. et al.  Principles of Macroeconomics, Latest Ed.  Thomson Nelson.
  • McConnel, Campbell R., Brue et al.  Economics, Latest Ed.  Toronto:  McGraw-Hill Ryerson Limited
  • Parkin, Michael and Robin Bade.  Economics:  Canada in the Global Environment, Latest Ed. Don Mills:  Addison-Wesley Publishers Limited.

 

  • Supplementary material may be chosen from the following, as determined by the instructor:

                Study guides for the above texts and the available software.

Requisites

Course Guidelines

Course Guidelines for previous years are viewable by selecting the version desired. If you took this course and do not see a listing for the starting semester / year of the course, consider the previous version as the applicable version.

Course Transfers

Institution Transfer Details Effective Dates
Acsenda School of Management (ASM) ASM ECON 122 (3) 2010/09/01 to -
Acsenda School of Management (ASM) ASM EC 1202 (3) 2006/01/01 to 2010/08/31
Alexander College (ALEX) ALEX ECON 105 (3) 2008/09/01 to -
Athabasca University (AU) AU ECON 248 (3) 2001/09/01 to -
Camosun College (CAMO) CAMO ECON 104 (3) 2013/01/01 to -
Capilano University (CAPU) CAPU ECON 112 (3) 2004/09/01 to -
Coquitlam College (COQU) COQU ECON 202 (3) 2004/09/01 to 2014/08/31
Fairleigh Dickinson University (FDU) FDU ECON 2102 (3) 2007/09/01 to -
Kwantlen Polytechnic University (KPU) KPU ECON 1250 (3) 2004/09/01 to -
Langara College (LANG) LANG ECON 1221 (3) 2004/09/01 to -
North Island College (NIC) NIC ECO 111 (3) 2004/09/01 to -
Okanagan College (OC) OC ECON 125 (3) 2016/01/01 to -
Simon Fraser University (SFU) SFU ECON 105 (3), Q/B-Soc 2004/09/01 to -
Thompson Rivers University (TRU) TRU ECON 195 (3) 2004/09/01 to 2010/08/31
Thompson Rivers University (TRU) TRU ECON 1950 (3) 2010/09/01 to -
Trinity Western University (TWU) TWU ECON 102 (3) 2013/05/01 to -
Trinity Western University (TWU) TWU ECON 202 (3) 2004/09/01 to 2013/04/30
University of British Columbia - Okanagan (UBCO) UBCO ECON 102 (3) 2004/09/01 to -
University of British Columbia - Vancouver (UBCV) UBCV ECON 102 (3) 2004/09/01 to -
University of Northern BC (UNBC) UNBC ECON 101 (3) 2004/09/01 to -
University of the Fraser Valley (UFV) UFV ECON 101 (3) 2004/09/01 to -
University of Victoria (UVIC) UVIC ECON 104 (1.5) 2004/09/01 to -
Vancouver Community College (VCC) VCC ECON 1200 (3) 2017/05/01 to -
Vancouver Island University (VIU) VIU ECON 212 (3) 2004/09/01 to -

Course Offerings

Winter 2021

CRN
Days
Dates
Start Date
End Date
Instructor
Status
Location
12038
Tue Thu
04-Jan-2021
- 12-Apr-2021
04-Jan-2021
12-Apr-2021
Solyom
Michael
Waitlist
Online
This course will include some synchronous on-line activities. Students should plan to be available on-line at scheduled course times. Synchronous on-line activities may include lecture, or they may not. In some courses, synchronous class time may be used instead for active learning components (e.g. discussions, labs).
Max
Enrolled
Remaining
Waitlist
35
35
0
25
Days
Building
Room
Time
Tue Thu
12:30 - 14:20
CRN
Days
Dates
Start Date
End Date
Instructor
Status
Location
12039
Tue
04-Jan-2021
- 12-Apr-2021
04-Jan-2021
12-Apr-2021
Badh
Sukhvinder
Open
Online
This course will include some synchronous on-line activities. Students should plan to be available on-line at scheduled course times. Synchronous on-line activities may include lecture, or they may not. In some courses, synchronous class time may be used instead for active learning components (e.g. discussions, labs).
Max
Enrolled
Remaining
Waitlist
35
13
22
0
Days
Building
Room
Time
Tue
12:30 - 15:20
CRN
Days
Dates
Start Date
End Date
Instructor
Status
Location
12040
Tue Thu
04-Jan-2021
- 12-Apr-2021
04-Jan-2021
12-Apr-2021
Midgley
Rodney
Open
Online
This course will include some synchronous on-line activities. Students should plan to be available on-line at scheduled course times. Synchronous on-line activities may include lecture, or they may not. In some courses, synchronous class time may be used instead for active learning components (e.g. discussions, labs).
Max
Enrolled
Remaining
Waitlist
35
20
15
0
Days
Building
Room
Time
Tue Thu
12:30 - 14:20
CRN
Days
Dates
Start Date
End Date
Instructor
Status
Location
12041
Fri
04-Jan-2021
- 12-Apr-2021
04-Jan-2021
12-Apr-2021
Xiang
Haitao
Open
Online
This course will include some synchronous on-line activities. Students should plan to be available on-line at scheduled course times. Synchronous on-line activities may include lecture, or they may not. In some courses, synchronous class time may be used instead for active learning components (e.g. discussions, labs).
Max
Enrolled
Remaining
Waitlist
35
20
15
0
Days
Building
Room
Time
Fri
8:30 - 11:20
CRN
Days
Dates
Start Date
End Date
Instructor
Status
Location
12042
Wed
04-Jan-2021
- 12-Apr-2021
04-Jan-2021
12-Apr-2021
Midgley
Rodney
Waitlist
Online
This course will include some synchronous on-line activities. Students should plan to be available on-line at scheduled course times. Synchronous on-line activities may include lecture, or they may not. In some courses, synchronous class time may be used instead for active learning components (e.g. discussions, labs).
Max
Enrolled
Remaining
Waitlist
34
34
0
10
Days
Building
Room
Time
Wed
18:30 - 21:20
CRN
Days
Dates
Start Date
End Date
Instructor
Status
Location
12593
Tue Thu
04-Jan-2021
- 12-Apr-2021
04-Jan-2021
12-Apr-2021
Midgley
Rodney
Waitlist
Online
This course will include some synchronous on-line activities. Students should plan to be available on-line at scheduled course times. Synchronous on-line activities may include lecture, or they may not. In some courses, synchronous class time may be used instead for active learning components (e.g. discussions, labs).
Max
Enrolled
Remaining
Waitlist
35
35
0
5
Days
Building
Room
Time
Tue Thu
10:30 - 12:20
CRN
Days
Dates
Start Date
End Date
Instructor
Status
Location
14892
Wed
04-Jan-2021
- 12-Apr-2021
04-Jan-2021
12-Apr-2021
Demeke
Abera Birhanu
Waitlist
Online
This course will include some synchronous on-line activities. Students should plan to be available on-line at scheduled course times. Synchronous on-line activities may include lecture, or they may not. In some courses, synchronous class time may be used instead for active learning components (e.g. discussions, labs).
Max
Enrolled
Remaining
Waitlist
35
35
0
18
Days
Building
Room
Time
Wed
9:30 - 12:20
CRN
Days
Dates
Start Date
End Date
Instructor
Status
Location
14973
Mon
04-Jan-2021
- 12-Apr-2021
04-Jan-2021
12-Apr-2021
Odoom
Charles
Open
Online
This course will include some synchronous on-line activities. Students should plan to be available on-line at scheduled course times. Synchronous on-line activities may include lecture, or they may not. In some courses, synchronous class time may be used instead for active learning components (e.g. discussions, labs).
Max
Enrolled
Remaining
Waitlist
35
34
1
0
Days
Building
Room
Time
Mon
8:30 - 11:20
CRN
Days
Dates
Start Date
End Date
Instructor
Status
Location
15464
Fri
04-Jan-2021
- 12-Apr-2021
04-Jan-2021
12-Apr-2021
Odoom
Charles
Open
Online
This course will include some synchronous on-line activities. Students should plan to be available on-line at scheduled course times. Synchronous on-line activities may include lecture, or they may not. In some courses, synchronous class time may be used instead for active learning components (e.g. discussions, labs).
Max
Enrolled
Remaining
Waitlist
35
15
20
0
Days
Building
Room
Time
Fri
12:30 - 15:20