Macroeconomics

This course presents the economic principles that govern the behaviour of the nation’s economy. Topics include GDP (nominal and real); economic growth; unemployment; inflation; fiscal policy (government spending and taxation); monetary policy (Bank of Canada), international trade; exchanges rates and balance of payments; and some major economic theories from the 20th century and the early 21st century. Current and recent historic Canadian macroeconomic data, events, and challenges are discussed.