ECON 1951 - Principles of Macroeconomics

Delivery Online, self-paced

Course Description

Students examine economic behaviour at the aggregate level, and the measurement and determination of national income. Topics include an introduction to economics; measuring macroeconomic variables including gross domestic product, unemployment, and inflation; the Keynesian model; aggregate demand and supply; money and banking; the money market; fiscal policy; monetary policy and the central bank; exchange rates and the balance of payments; and economic growth.

Learning outcomes

Discuss macroeconomic problems.
Define, describe, and compute national income.
Explain current and past economic events, particularly in periods of high unemployment and inflation, using macroeconomic theories.
Explain the multiplier concept and its importance.
Describe the role of the monetary sector in affecting the real sector of the economy.
Compare and contrast how monetary and fiscal policies affect the economy.

Course topics

Module 1: National Income Accounting and the Business Cycle
Module 2: Aggregate Expenditure, Aggregate Demand, and Fiscal Policy
Module 3: Money, Banking, and Financial Markets
Module 4: Monetary Policy and the AS/AD Model
Module 5: Exchange Rates
Module 6: Economic Growth

Required text and materials

The following Open Education Resources (OER) textbook, free of charge, is required and will be provided within this course.

Curtis, D., & Irvine, I. (2017). Principles of Macroeconomics (Revision B). (CC BY-NC-SA).

Assessments

Please be aware that should your course have a final exam, you are responsible for the fee to the online proctoring service, ProctorU, or to the in-person approved Testing Centre. Please contact exams@tru.ca with any questions about this.

To successfully complete this course, students must achieve a passing grade of 50% or higher on the overall course, and 50% or higher on the final mandatory exam.

Journal Entry 1: Module 1	4%
Quiz 1: Modules 1 & 2	8%
Assignment 1: Modules 1–3	10%
Discussion 1: Modules 1–3	8%
Quiz 2: Modules 3 & 4	8%
Assignment 2: Modules 4 & 5	10%
Journal Entry 2: Module 5	4%
Discussion 2: Modules 4–6	8%
Mandatory Final Exam	40%
Total	100%

Recommended requisite(s)

Foundations of Mathematics 11 or Pre-calculus 11 with a minimum B or equivalent or MATH 0523 or equivalent are recommended.

Completion of one of Foundations of Math 12 or Pre-calculus 12 is highly recommended.

Exclusions

ECON 1950

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ECON 1951 - 71189

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Principles of Macroeconomics

Any Time (30 weeks duration)

Online, self-paced

Canadian in BC/YT non-credit	$548.39	Click here to get more information
Canadian outside BC/YT non-credit	$657.47	Click here to get more information
International Student non-credit	$1,661.15	Click here to get more information

3 credits

Open Learning faculty member information

An Open Learning faculty member is available to assist students. Students will receive the necessary contact information at the start of the course.