ECON 202 Introduction to Macroeconomics

Macroeconomics studies the economy as a whole, economic aggregates and broad economic issues such as the economic growth, gross domestic product, unemployment, price inflation or deflation, money supply, government surpluses or deficits, and the level of exports and imports. The course builds a solid foundation of macroeconomic knowledge so students can better understand the functioning of national economies as well as the reasons and consequences of government macroeconomic policies.

Credits

4

Prerequisite

Recommended: MTH 111Z or ECON 200

Course Learning Outcomes

Upon successful completion of this course, the student will be able to:
1. Define basic macroeconomic concepts and measurements precisely
2. Explain what aggregate demand and supply represent
3. Identify the differences between Keynesian and neoclassical perspectives
4. Describe the circular flow model in detail
5. Define the equilibrium of a national economy in terms of the equilibrium of its main sectors (real, monetary and external)
6. Explain the factors, events or government policies that can affect the equilibrium of a national economy