Introductory Macroeconomics

ECON 112/3.0

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Overview

The purpose of the course is to introduce students to the basic analytical principles and tools of modern macroeconomics, and to illustrate how these can be used to help understand observed economic phenomena, contemporary economic problems, and government economic policies.

In particular, macroeconomics studies the determination of aggregate economic quantities, such as the level of national output (and its rate of growth), the level of total employment and the rate of unemployment, and the average price level and rate of inflation. Macroeconomics also examines how government policies influence the aggregate behavior and performance of the economy.

Learning Outcomes

  •  Use the basic analytical principles and tools of modern economics to understand and assess observed economic phenomena, contemporary economic problems and government economic policies.
  • Describe and model the relationships between aggregate economic variables, including national output, the level of aggregate consumption and investment, interest rates, employment and unemployment, and the average level and rate of change of all prices.
  • Explain how government policies influence the aggregate behaviour and performance of an economy.

Topics

Microeconomic FoundationsChapter 1
Chapter 2
Chapter 33 (pgs 823 - 835)
Chapter 3
Chapter 19
Introduction to MacroeconomicsChapter 20
Chapter 21
Chapter 22 (incl. Appendix)
Chapter 23
The Economy in the Short-RunChapter 24
Chapter 25
The Economy in the Long-RunChapter 26
Money, Banking, and Monetary PolicyChapter 27
Chapter 28
  Additional Topic from MyEconLab website:
  “Interest Rates and the Slope of the AD Curve”
Chapter 29
Chapter 30
Macroeconomic ProblemsChapter 31
Chapter 32
Open Economy MacroeconomicsChapter 35

Terms

Fall 2025
Course Dates
–
Exam Dates (if applicable)
–
Delivery Mode
Online

Evaluation

Textbook and Materials

Time Commitment