Canadian Macroeconomic Policy

Faculty
Commerce & Business Administration
Department
Economics
Course Code
ECON 2491
Credits
3.00
Semester Length
15 Weeks X 4 Hours per Week = 60 Hours
Max Class Size
35
Method Of Instruction
Lecture
Seminar
Typically Offered
To be determined
Campus
New Westminster

Overview

Course Description
Canadian Macroeconomic Policy utilizes the principles of macroeconomics to examine current macroeconomic policy issues. A variety of issues such as the cost of inflation and unemployment, the causes and effects of the government deficit and debt, the relationship between inflation, interest rates, and the exchange rate, and the macroeconomic effects of free trade agreements will be examined. Recent monetary, fiscal, and exchange rate policies will be discussed thoroughly. Practical applications of basic macroeconomic theory will be stressed in this course.
Course Content
  1. Review of national income and price level models
  2. Recent Canadian economic performance
  3. The problem of unemployment and inflation
  4. Fiscal policy
  5. Government deficits and debt: Causes and Consequences
  6. The Bank of Canada and monetary policy
  7. The debate of Disinflation
  8. Balance of Payments issues and Exchange Rate policies
  9. The macroeconomic effects of North American Free Trade.
Methods Of Instruction

Lecture and seminar.

Means of Assessment
Final Examination        30% - 40%
Term Tests  40% - 70%
Assignments   0% - 20%
Participation    0% - 10%
Total          100%

THERE WILL A MINIMUM OF THREE (3) EVALUATIONS.

Learning Outcomes

At the end of the course, the student will be able to:

  1. utilize aggregate demand-aggregate supply models to examine the recent performance of the Canadian economy;
  2. analyze the relationship between inflation, interest rates, and exchange rates;
  3. evaluate the government deficit and debt problem;
  4. examine recent monetary policy and its impact on inflation, interest rates and the exchange rate;
  5. analyze the impact of the North American Free Trade Agreement on the Canadian economy
Textbook Materials

Textbooks and Materials to be Purchased by Students

 

The main texts are to be chosen from the following, as determined by the instructor:

 

Carson, Robert.  Economic Issues Today, Latest Ed.  St. Martin's Press.

Laidler, D. and W. Robson.  The Great Canadian Disinflation:  The Economics and Politics of Monetary Policy in Canada, 1988-1993, Latest Ed.   C.D. Howe Institute.

Luciani, Patrick.  Economic Myths: Making Sense of Canadian Policy Issues, Latest Ed.  Addison-Wesley.

Schultze, C.L.  Memos to the President: A Guide Through Macroeconomics for the Busy Policymaker, Latest Ed.  Washington:  Brookings Institution.

 

Supplementary material may be chosen, as determined by the instructor.

Requisites

Prerequisites

Corequisites

No corequisite courses.

Equivalencies

No equivalent courses.

Requisite for

This course is not required for any other course.

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
Alexander College (ALEX) ALEX ECON 291 (3) 2008/09/01 to -
Capilano University (CAPU) CAPU ECON 291 (3) 2004/09/01 to -
Langara College (LANG) LANG ECON 2XXX (3) 2004/09/01 to -
Simon Fraser University (SFU) SFU ECON 291 (3), Q 2004/09/01 to -
Thompson Rivers University (TRU) No credit 2004/09/01 to -
Trinity Western University (TWU) TWU BUSI 2XX (3) 2007/09/01 to -
Trinity Western University (TWU) No credit 2004/09/01 to 2007/08/31
University of British Columbia - Okanagan (UBCO) UBCO ECON 2nd (3) 2004/09/01 to -
University of British Columbia - Vancouver (UBCV) UBCV ECON 211 (3) 2004/09/01 to -
University of Northern BC (UNBC) UNBC ECON 2XX (3) 2004/09/01 to -
University of the Fraser Valley (UFV) No credit 2004/09/01 to 2004/12/31
University of the Fraser Valley (UFV) UFV ECON 215 (3) 2005/01/01 to -
University of Victoria (UVIC) UVIC ECON 3XX (1.5) 2013/09/01 to -
University of Victoria (UVIC) UVIC ECON 2XX (1.5) 2004/09/01 to 2013/08/31
Vancouver Island University (VIU) VIU ECON 2nd (3) 2004/09/01 to -

Course Offerings

Winter 2021

CRN
Days
Dates
Start Date
End Date
Instructor
Status
Location
12566
Wed
04-Jan-2021
- 12-Apr-2021
04-Jan-2021
12-Apr-2021
Matadeen
Allan
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
0
35
0
Days
Building
Room
Time
Wed
12:30 - 15:20