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Course Description

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This course is an analysis of open as well as closed economy models of aggregate spending, output, employment, prices and interest rates under alternative assumptions about the nature of labour, product and financial markets. The analysis of theories of consumption, investment and money demand.

Learning Outcomes

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

  • measure economic activity including Inflation, GDP, Economic Growth, Money Supply, Unemployment, Savings and Balance of Payments;
  • solve for both output and interest rates in the goods and financial markets and interpret expansionary and inflationary gaps;
  • determine wages, and find and interpret money multipliers;
  • demonstrate and interpret various economic models;
  • apply the content of the course to historical and current events such as the ongoing world financial crisis, and growth across different countries.
  • remember, recognize, and where necessary calculate GDP, price indices, growth (including the steady state in the Solow model), the real exchange rate, interest rates, money multipliers, Keynesian multipliers, balance of payments, budget balances, trade balances, debt and Ricardian equivalence, and the optimal inflation rate;
  • explain how the economy can experience recessionary and inflationary gaps using various models, and the tradeoff between inflation and unemployment;
  • Understand specific markets;
  • recall specific macroeconomic facts about the great depression;
  • understand and demonstrate Monetary, Fiscal, Structural and exchange rate policy.

Course Topics

  • Introduction
  • The Goods Market
  • The Financial Market
  • The IS-LM Model
  • Openness in Goods and Financial Markets (Part 1)
  • Openness in Goods and Financial Markets (Part 2)
  • Exchange Rate Regimes
  • The Labour Market
  • The Phillip’s Curve
  • The IS-LM-PC Model
  • The Facts of Growth
  • Savings, Capital Accumulation, and Output

Additional Requirements

Prerequisite(s): ECON*1100, (1 of IPS*1500, MATH*1030, MATH*1080, MATH*1200)


Grading Scheme with the Purchase of MyLab:

Assessment Item Weight
MyLab Quizzes (Best 4 of 5) 10%
Course Discussions (4) 15%
Midterm 25%
Online Final Exam 50%
Total 100%

Grading Scheme without the Purchase of MyLab:

Assessment Item Weight
Course Discussions (4) 15%
Midterm 30%
Online Final Exam 55%
Total 100%

Note: You must receive at least 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 than 50% on the final exam, your final grade will be your final exam percentage.


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.

Virtual Classroom is a video conferencing tool used to facilitate synchronous virtual meetings. You are responsible for ensuring that your computer system meets the necessary system requirements. You will need to have a microphone, headset or speakers, and a webcam to participate fully in Virtual Classroom sessions.

Technical Requirements

You are responsible for ensuring that your computer system meets the necessary system requirements. Use the browser check tool to ensure your browser settings are compatible and up to date (results will be displayed in a new browser window).

*Course details are subject to change.


Enrol Now - Select a section to enrol in

Section Title
Intermediate Macroeconomics
January 11, 2021 to April 12, 2021
Contact Hours
Delivery Options
Course Fee(s)
Domestic Tuition Fee (0.5 units) $683.39 Click here to get more information
International Tuition Fee (0.5 units) $2,748.00 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.


MyLab is an online learning and assessment tool to be used in conjunction with the required textbook. It is highly recommended for use in this course. The course grading scheme will be adjusted to accommodate students who choose not to purchase MyLab.

The ECON*2410DE textbook is available packaged with MyLab:

If you purchase the package do so either through one of the two bookstores on campus.

Section Materials
  • Publishers Access Code (Unconfirmed) (Mandatory) Macroeconomics by Olivier Blanchard © 2017 Pearson Education Canada 7th edition ISBN 9780133837995
  • Textbook (Unconfirmed) (Mandatory) MACROECONOMICS TEXT WITH MYLAB/E-TEXT Pearson ISBN 9780134472546
  • e-book (Unconfirmed) (Optional) Alternate Format: MACROECONOMICS LOOSELEAF WITH MYLAB/E-TEXT ISBN 9780134472669
  • e-book (Unconfirmed) (Optional) Alternate Format: MACRO E-TEXT WITH MYLAB ACCESS ISBN 9780133860931
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