ECON 102 - Principles of Economics (Macro)

This course examines at the macro level the operations, functions, problems and various government policies relevant to the Canadian economy. Specific topics analyzed include the determination of GDP, fiscal and monetary policies, money and banking systems, internal and international trade and economic growth.

 

Credits:  3

 

Hours: 45 (Lecture Hours: 45)

 

Total Weeks:  15

 

Prerequisites:
Econ 101 or permission of the Chair

 

Non-Course Prerequisites:
None

 

Co-Requisites:
None

 

Course Content:
- Look First at Macroeconomics
- Measuring GDP and Economic Growth
- Monitoring Cycles, Jobs and the Price Level
- Aggregate Supply Aggregate Demand
- Expenditure Multiplier
- Fiscal Policy
- Money, Banking, and Interest Rates
- Monetary Policy
- Inflation
- Economic Growth

 

Learning Outcomes:
Upon completion of this course, the Student will be able to:
- Describe the origins of macroeconomics and the problems it deals with
- Explain how national income statistics are collected and used
- Analyze the trends and fluctuations in employment and economic growth
- Describe the roles money and financial institutions play in Canadian economy
- Identify the causes of inflation, budget deficits and international deficits
- Explain why growth, inflation, budgetary and international deficits merit our attention
- Recognize the key macroeconomic policy challenges and the tools available to deal with them
- Analyze the reasons for, and gains from international trade

 

Grading System:  Letters

 

Passing Grade:  D (50%)

 

Percentage of Individual Work:  100

 

Additional Course Comments:
Assignments are mandatory and must be handed in on the specified due date.  Work handed in late may lose marks for each day delayed.  Exceptions may be made for documented medical reasons or extenuating circumstances.  Cheating and plagiarism policy will be enforced, as per NLC rules and procedures.

 

Textbooks:
Textbooks are subject to change.  Please contact the bookstore at your local campus for current book lists.