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Course Description

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This course looks at the Canadian Economy in terms of aggregate performance and policy; analysis of the determinants of national income, employment and the price level, and the role of government monetary and fiscal policies in improving the rate of economic growth.

Note: This course can be taken individually or as a part of a certificate program.

Learning Outcomes

By the end of the course, the learner should be able to:

  1. Recognize macroeconomic concepts including GDP, price indices, growth, exchange rates, interest rates, money multipliers, expenditure multipliers, balance of payments, budget balances, trade balances and productivity measures;
  2. Measure economic activity including inflation, GDP, unemployment, savings, and balance of payments;
  3. Interpret expansionary and inflationary gaps, economic booms and recessions, and distinguish between short-run and long run macroeconomic outcomes;
  4. Analyze and interpret economic models such as the foreign exchange market model, the loanable funds market model, the aggregate expenditure model, and the AD/AS model;
  5. Analyze financial markets including the foreign exchange market, the money market, and the bond market;
  6. Explain and give examples of monetary, fiscal, and exchange rate policy;
  7. Justify an opinion on the role of government with respect to the values of Canadian macroeconomic indicators; and
  8. Interpret Canadian economic performance in a historical and global context.

Course Topics

  • Variables, measurement, and issues
  • The economy in the short run
  • Stabilization policy
  • Open economy macroeconomics


Grading Scheme with the Purchase of MyEconLab:

Assessment Item Weight
MyEconLab Quizzes 10%
Tests 40%
Final Exam 50%
Total 100%

Grading Scheme without the Purchase of MyEconLab:

Assessment Item Weight
Tests 45%
Final Exam 55%
Total 100%


Additional Technical Requirements

  • Respondus tool to invigilate one or more exams. 

Please view the Technical Considerations.

Applies Towards the Following Certificates

Technical Requirements

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*Course details are subject to change.


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