Course

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(s) Of Instruction
Lecture
Seminar
Course Designation
None
Industry Designation
None
Typically Offered
To be determined

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.
Learning Activities

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.

Students may conduct research as part of their coursework in this class. Instructors for the course are responsible for ensuring that student research projects comply with College policies on ethical conduct for research involving humans, which can require obtaining Informed Consent from participants and getting the approval of the Douglas College Research Ethics Board prior to conducting the research.

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

Prerequisites

BC Pre-Calculus 11 OR currently active in one of the following:

PBD Accounting
PBD Advanced Human Resource Management
PBD Advanced Supply Chain Management
PBD Finance
PBD International Supply Chain Management
PDD Accounting Studies
PDD Financial Analysis
PDD Financial Planning
PDD Global Banking and Economics
PDD Human Resource Management
PDD International Business Management
PDD Supply Chain Management
PDD Project Management

ECON 1101 recommended

 



Corequisites

No corequisite courses.

Equivalencies

No equivalent courses.

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.

(Current)

Course Transfers

These are for current course guidelines only. For a full list of archived courses please see https://www.bctransferguide.ca

Institution Transfer Details for ECON 1250
Acsenda School of Management (ASM) ASM ECON 122 (3)
Alexander College (ALEX) ALEX ECON 105 (3)
Athabasca University (AU) AU ECON 248 (3)
BC Institute of Technology (BCIT) BCIT ECON 2200 (4)
Camosun College (CAMO) CAMO ECON 104 (3)
Capilano University (CAPU) CAPU ECON 112 (3)
Fairleigh Dickinson University (FDU) FDU ECON 2102 (3)
Kwantlen Polytechnic University (KPU) KPU ECON 1250 (3)
Langara College (LANG) LANG ECON 1221 (3)
North Island College (NIC) NIC ECO 111 (3)
Okanagan College (OC) OC ECON 125 (3)
Simon Fraser University (SFU) SFU ECON 105 (3)
Thompson Rivers University (TRU) TRU ECON 1950 (3)
Trinity Western University (TWU) TWU ECON 102 (3)
University Canada West (UCW) UCW ECON 104 (3)
University of British Columbia - Okanagan (UBCO) UBCO ECON_O 102 (3)
University of British Columbia - Vancouver (UBCV) UBCV ECON_V 102 (3)
University of Northern BC (UNBC) UNBC ECON 101 (3)
University of the Fraser Valley (UFV) UFV ECON 101 (3)
University of Victoria (UVIC) UVIC ECON 104 (1.5)
Vancouver Community College (VCC) VCC ECON 1200 (3)
Vancouver Island University (VIU) VIU ECON 212 (3)

Course Offerings

Summer 2024

CRN
Days
Dates
Start Date
End Date
Instructor
Status
CRN
22013
Mon Wed
May 6
- August 7
May 6
August 7
Instructor Last Name
Xia
Instructor First Name
Bianjun
Course Status
Full
Max
Enrolled
Remaining
Waitlist
Max Seats Count
35
Actual Seats Count
35
0
Actual Wait Count
0
Days
Building
Room
Time
Mon Wed
Building
Anvil Office Tower
Room
607
Start Time
12:30
-
End Time
14:20
CRN
Days
Dates
Start Date
End Date
Instructor
Status
CRN
22048
Tue Thu
May 6
- August 7
May 6
August 7
Instructor Last Name
Demeke
Instructor First Name
Abera
Course Status
Open
Max
Enrolled
Remaining
Waitlist
Max Seats Count
35
Actual Seats Count
33
2
Actual Wait Count
0
Days
Building
Room
Time
Tue Thu
Building
Anvil Office Tower
Room
625
Start Time
10:30
-
End Time
12:20
CRN
Days
Dates
Start Date
End Date
Instructor
Status
CRN
22089
Tue Thu
May 6
- August 7
May 6
August 7
Instructor Last Name
Demeke
Instructor First Name
Abera
Course Status
Open
Max
Enrolled
Remaining
Waitlist
Max Seats Count
35
Actual Seats Count
34
1
Actual Wait Count
0
Days
Building
Room
Time
Tue Thu
Building
Anvil Office Tower
Room
625
Start Time
12:30
-
End Time
14:20
CRN
Days
Dates
Start Date
End Date
Instructor
Status
CRN
22138
Tue
May 6
- August 7
May 6
August 7
Instructor Last Name
Teng
Instructor First Name
Rosilyn
Course Status
Waitlist
Max
Enrolled
Remaining
Waitlist
Max Seats Count
35
Actual Seats Count
32
3
Actual Wait Count
4
Days
Building
Room
Time
Tue
Building
New Westminster - North Bldg.
Room
N4217
Start Time
18:30
-
End Time
21:20
CRN
Days
Dates
Start Date
End Date
Instructor
Status
CRN
22851
Wed
May 6
- August 7
May 6
August 7
Instructor Last Name
Xia
Instructor First Name
Bianjun
Course Status
Waitlist
Max
Enrolled
Remaining
Waitlist
Max Seats Count
35
Actual Seats Count
33
2
Actual Wait Count
10
Days
Building
Room
Time
Wed
Building
New Westminster - South Bldg.
Room
S1803
Start Time
15:00
-
End Time
17:50