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.
- Nature and scope of macroeconomics
- National income accounting
- Income determination: elementary
- Income determination: advanced
- The theory of consumption
- The theory of investment
- Fiscal policy
- Monetary sector analysis: the demand for money
- Monetary sector analysis: the supply of money
- Income determination with production - employment (labour market) sector
- Income determination in an open economy
- Fixed versus floating exchange rates
- Stabilization policy
Methods of Instruction
Lecture and seminar.
Means of Assessment
||20% - 50%
||10% - 30%
|| 0% - 10%
The student will be able to:
- Construct an advanced two-sector model of income determination
- Examine the effects of inflation and recession, the available policy instruments and potential economic consequences
- Determine stabilization trade-offs in an open economy
- Demonstrate a method of analysis of macroeconomic policy issues
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.
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.