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Registration for the Fall 2019 semester begins June 25.  Watch your email for more details.

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Principles of Macroeconomics

Course Code: ECON 1250
Faculty: Commerce & Business Administration
Department: Economics
Credits: 3.0
Semester: 12 Weeks X 4 Hours per Week = 60 Hours
Learning Format: Lecture, Seminar
Typically Offered: TBD. Contact Department Chair for more info.
course overview

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.

course prerequisites

BC Principles of Math 11 OR currently active in the

PDD Accounting or

PDD Accounting Studies or

PDD Global Banking and Economics or

PBD Accounting

ECON 1101 recommended.

curriculum 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 schedule and availability
course transferability

Below shows how this course and its credits transfer within the BC transfer system. 

A course is considered university-transferable (UT) if it transfers to at least one of the five research universities in British Columbia: University of British Columbia; University of British Columbia-Okanagan; Simon Fraser University; University of Victoria; and the University of Northern British Columbia.

For more information on transfer visit the BC Transfer Guide and BCCAT websites.

assessments

If your course prerequisites indicate that you need an assessment, please see our Assessment page for more information.