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Canadian Macroeconomic Policy

Course Code: ECON 2491
Faculty: Commerce & Business Administration
Department: Economics
Credits: 3.0
Semester: 15 Weeks X 4 Hours per Week = 60 Hours
Learning Format: Lecture, Seminar
Typically Offered: TBD. Contact Department Chair for more info.
course overview

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%


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

course prerequisites

ECON 1150 and ECON 1250

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.


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