Intermediate Macroeconomics

Curriculum guideline

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Course
ECON 3450
Discontinued
No
Course code
ECON 3450
Descriptive
Intermediate Macroeconomics
Department
Economics
Faculty
Commerce & Business Administration
Credits
3.00
Start date
End term
202030
PLAR
No
Semester length
15 Weeks X 4 Hours per Week = 60 Hours
Max class size
35
Contact hours
Lecture: 3 Hours Seminar: 1 Hours Total: 4 Hours
Method(s) of instruction
Lecture
Seminar
Learning activities

Lecture and seminar.

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

ECON 1150 and ECON 1250