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.
By the end of the course, the learner should be able to:
- 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;
- Measure economic activity including inflation, GDP, unemployment, savings, and balance of payments;
- Interpret expansionary and inflationary gaps, economic booms and recessions, and distinguish between short-run and long run macroeconomic outcomes;
- 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;
- Analyze financial markets including the foreign exchange market, the money market, and the bond market;
- Explain and give examples of monetary, fiscal, and exchange rate policy;
- Justify an opinion on the role of government with respect to the values of Canadian macroeconomic indicators; and
- Interpret Canadian economic performance in a historical and global context.
- Variables, measurement, and issues
- The economy in the short run
- Stabilization policy
- Open economy macroeconomics
Grading Scheme with the Purchase of MyEconLab:
|Online Final Exam||55%|
Grading Scheme without the Purchase of MyEconLab:
|On Campus Final Exam||60%|
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%.
Additional Technical Requirements
This course will use MyLab, a web-based tool created by Pearson Education. Visit their website to complete a check that ensures your computer meets the MyLab system requirements.
This course will use the Respondus tool to invigilate one or more exams. In order to use Respondus LockDown Browser and Monitor, you must meet the following technical requirements:
- Operating Systems: Windows 10, 8, 7; Mac OS X 10.10 or higher.
- Memory: Windows 2 GB RAM; Mac 512 MB RAM.
- For Mac users: Safari must function properly on the computer.
- Mac users must have Adobe Flash Player installed to Safari, even if a different browser is normally used.
- Functioning webcam and microphone. The webcam and microphone can be built into your computer or can be the type that plugs in with a USB cable. (You will be required to do an environment scan of your room, so please ensure you can move your computer, laptop or webcam for this scan.)
- A broadband Internet connection. It is recommended that you access the Internet via a wired connection.
Applies Towards the Following Certificates
- Certificate in Business : Electives
*Course details are subject to change.