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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

Assessment

Grading Scheme with the Purchase of MyEconLab:

Assessment Item Weight
PEAR Assignment 8%
MyEconLab Quizzes 10%
Tests 27%
On Campus Final Exam 55%
Total 100%

Grading Scheme without the Purchase of MyEconLab:

Assessment Item Weight
PEAR Assignment 10%
Tests 30%
On Campus Final Exam 60%
Total 100%

Note: You must receive at least a 50% on the final exam to pass this course. Your term work will only be included in calculating your final grade if you pass the final exam. If you receive less that a 50% on the final exam your final mark in the course will be your final exam mark.

Note as well that if you pass the final exam with a 50% or higher that you will pass the course, even if your cumulative average using Grading Scheme 1 or 2 is below 50%. If your cumulative average is less than a 50% given either grading scheme, and you pass the final with a 50% or higher, your final mark will be 50%.

Applies Towards the Following Certificates

*Course details are subject to change.

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Section Title
Introductory Macroeconomics
Type
Online
Dates
January 06, 2020 to April 03, 2020
Contact Hours
36.0
Delivery Options
Online  
Course Fee(s)
Domestic Tuition Fee (0.5 units) $683.39 Click here to get more information
International Tuition Fee (0.5 units) $2,504.99 Click here to get more information
Available for Credit
0.5 units
Section Notes

Note:  If you are in a degree program at the University of Guelph, please DO NOT register using the link above.  You must register through WebAdvisor.

IMPORTANT NOTE:

The ECON*1100DE section materials listed are also available as a part of the package Macroeconomics plus MyEconLab with Dinner Party Economics - ISBN: 9781323850978.

If you purchase the package do so either through one of the two bookstores or through the Course website at the beginning of the semester. If you have access to used copies of the two required textbooks you will still need to purchase MyEconLab access. You can do so through the Course website or at the two bookstores.

MyEconLab Access Card Required.
Online learning and assessment tool to be used in conjunction with the required textbook. The course grading scheme will be adjusted to accommodate students who choose not to purchase MyEconLab (see above).

Section Materials
  • Textbook (Confirmed) (Mandatory) Option A: (Package) Macroeconomics plus MyLab Economics New Design with eText plus Dinner Party by R. G. Hubbard, A. P. O'Brien, A. Serletis & J. Childs © 2017 Pearson Education Canada 2nd Canadian edition ISBN 9781323850978
  • Textbook (Confirmed) (Mandatory) Option B: MyLab Economics New Design with eText for Macroeconomics for University of Guelph -- Standalone Access Card by E. J. Adomait & R. G. Maranta © 2017 Pearson Education Canada 2nd edition ISBN 9781323802939
  • Publishers Access Code (Confirmed) (Mandatory) Option C: (Sold Individually) MyLab Economics New Design without eText for Macroeconomics for University of Guelph -- Electronic Access Code © 2017 Pearson Education Canada 2nd edition ISBN 9781323802946
  • Textbook (Confirmed) (Mandatory) Option C: (Sold Individually) Dinner Party Economics by Eveline J. Adomait and Richard G. Maranta © 2017 Pearson Education Canada ISBN 9781323610947
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