Course

Intermediate Macroeconomics

Faculty
Commerce & Business Administration
Department
Economics
Course Code
ECON 3450
Credits
3.00
Semester Length
15 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 the main concepts and methods of analysis for such macroeconomic variables as consumption, investment, government spending and foreign trade. The Classical and Keynesian models of income and employment theory will be compared. Monetary theory, rational expectations, the open economy, economic fluctuations and growth will be examined.
Course Content
  1. Nature and scope of macroeconomics
  2. National income accounting
  3. Income determination: elementary
  4. Income determination: advanced
  5. The theory of consumption
  6. The theory of investment
  7. Fiscal policy
  8. Monetary sector analysis: the demand for money
  9. Monetary sector analysis:  the supply of money
  10. Income determination with production - employment (labour market) sector
  11. Income determination in an open economy 
  12. Fixed versus floating exchange rates 
  13. Stabilization policy
Learning Activities

Lecture and seminar.

Means of Assessment
Final Examination                30%
Term test(s) 20% - 50%
Assignments 10% - 30%
Participation   0% - 10%
Total         100%

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

The student will be able to:

  1. Construct an advanced two-sector model of income determination
  2. Examine the effects of inflation and recession, the available policy instruments and potential economic consequences
  3. Determine stabilization trade-offs in an open economy
  4. Demonstrate a method of analysis of macroeconomic policy issues
Textbook Materials

Textbooks and Materials to be Purchased by Students

  • Dornbusch, Fisher, Startz, Alkins and Sparks.  Macroeconomics, Latest Ed.  McGraw-Hill Ryerson.

Alternatives:

  • Mankiw and Scarth.  Macroeconomics, Latest Canadian Edition, Worth.
  • Williamson, S.  Intermediate Macroeconomics, Latest Edition.  Addison-Wesley.
  • Delong, Mansoorian, and Michelis.  Macro economics, Latest Canadian Edition.  McGraw Hill.
  • Hall, Robert, etal.  Macroeconomics, Latest Edition.  W.W. Norton.

Requisites

Prerequisites

ECON 1150 and ECON 1250

OR currently active in one of the following: 

PBD Finance
PDD Financial Analysis
PDD Financial Planning

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 3450
Langara College (LANG) LANG ECON 2XXX (3)
Simon Fraser University (SFU) SFU ECON 1XX (3)
Thompson Rivers University (TRU) TRU ECON 3950 (3)
Trinity Western University (TWU) TWU ECON 302 (3)
University of British Columbia - Okanagan (UBCO) UBCO ECON_O 205 (3)
University of Northern BC (UNBC) UNBC ECON 311 (3)
University of the Fraser Valley (UFV) UFV ECON 1XX (3)
University of Victoria (UVIC) UVIC ECON 2XX (1.5)

Course Offerings

Summer 2024