Course Overview:

This course introduces students to the key theories, models, and tools used to analyze the performance of national economics and the impact of government policy. Topics include national income accounting, economic growth, unemployment, inflation, interest rates, and the roles of central banks and financial institutions. Students will examine the business cycle and the effects of monetary and fiscal policy on aggregate demand and supply. Additional emphasis is placed on international trade, exchange rate systems, and the global financial environment. Using real-world case studies and macroeconomic indicators, students will assess current economic challenges and policy responses in both domestic and global contexts. In addition, the course explores the role of the Bank of Canada in shaping the economy.

Prerequisite:

  • The students must have completed grade 12 or equivalent education, or mature student status (19 years or older).
  • All applicants must meet one of the following Language Proficiency Requirements (LPR):
    • Completion of 2 years of secondary education (including English 10 and 11 with grade of ‘C’ or higher) from a country where English is one of the principal languages, or
    • Completion of 2 years of full-time post-secondary education at an accredited institution where English is the language of instruction, or
    • Students from non-English speaking countries must have completed grade 12 or equivalent education and provide verified results for one of the English Language Proficiency tests with minimum scores listed below:
      • IELTS 6.0, TOEFL 50, CAEL 45, CELPIP 6.5, DET 105, PTE 47, PCE 175, CAMBRIDGE B2 Level, LANGUAGECERT B2 Level, MET B2 Level, ITEP 3.8, EIKEN Grade Pre-1. or
    • Provide proof of achieving at least 65% in Grade 12 English (or equivalent) from a recognized institution.
  • Mature Student Applicants
    • Applicants who are 19 years of age or older at the start of the program, are Canadian citizens or permanent residents, and are unable to provide official secondary or post-secondary education records may demonstrate English proficiency by:
      • Submitting a signed attestation confirming they have completed at least three years of full-time education in English in a country where English is one of the primary languages and
      • Completing the Accuplacer English Assessment (Next Generation: Reading, Writing, and WritePlacer) with the following minimum scores:
        • Reading: 235
        • Writing: 235
        • WritePlacer: 4

Learning Outcomes:

Upon successful completion of this course, the students will be able to:

  • Explain the foundational models and principles of macroeconomic analysis, including national income accounting, the circular flow of income, and major macroeconomic indicators such as GDP, CPI, and unemployment rates.
  • Analyze the causes and effects of unemployment, inflation, and economic growth using both theoretical models and real-world data trends.
  • Evaluate the short- and long-term impacts of fiscal and monetary policy on aggregate demand and aggregate supply in both closed and open economies.
  • Assess the role of financial institutions and central banks in influencing money, supply, setting interest rates, and maintaining macroeconomic stability.
  • Interpret macroeconomic indicators and assess their implications for government policy-making, business strategy, and economic performance.
  • Discuss international macroeconomic issues, including trade balances, exchange rate systems, capital flows, and the effects of globalization on domestic economies.

Course Content & Topics:

Class 1: Introduction to Macroeconomics and National Income Accounting
Class 2: Measuring Economic Performance: Inflation and Unemployment
Class 3: Economic Growth and Productivity
Class 4: Aggregate Demand and Aggregate Supply Models (Part 1)
Class 5: Aggregate Demand and Aggregate Supply Models (Part 2)
Class 6: Fiscal Policy and Government Budgets
Class 7: Monetary Policy and Central Banking
Class 8: Money, Banking, and Financial Systems
Class 9: Business Cycles and Macroeconomic Fluctuations
Class 10: International Trade and Comparative Advantage
Class 11: Exchange Rates and Open Economy Macroeconomics
Class 12: Inflation, Expectations, and Phillips Curve
Class 13: Macroeconomic Policy Debates and Schools of Thought
Class 14: Case Studies in Global Macroeconomic Policy

Credit Information:

  • Credits: 3

Duration:

  • 14 Weeks: 3 hrs/week

Course & Related Fees:

  • Domestic & International: $700 (Seven hundred dollars)

For a detailed breakdown, please refer to Policy #S-005 Programs & Course Fee Schedule

Non-Refundable Fees:

  • Application Fee: $50.00/course (payable online and non-refundable)