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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.

Enrol Now - Select a section to enrol in
Section Title
Introductory Macroeconomics
May 09, 2024 to August 02, 2024
Contact Hours
Delivery Options
Course Fee(s)
Domestic Tuition Fee (0.5 units) $683.39 Click here to get more information
Domestic Tuition Fee - Non-Ontario (0.5 units) $745.75 Click here to get more information
International Tuition Fee (0.5 units) $3,379.57 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.


If you have access to used copies of the two required textbook you will still need to purchase MyEconLab access. You can do so through the Course website or at the two bookstores.

MyEconLab Access Card is 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
  • e-book (Confirmed) (Mandatory) Macroeconomics, 3ce by Glenn Hubbard and Anthony Patrick O’Brien © 2021 Pearson 3rd edition ISBN e-Book with My Lab access: 9780135660188
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