Introductory Macroeconomics - Online economics courses | Arts and Science ONLINE

Introductory Macroeconomics

ECON 112/3.0

An introduction to macroeconomic analysis of the economy as a whole, including the determination of national income, the price level, interest rates, the money supply, and the balance of payments. The principles of monetary and fiscal policy are also examined. ECON 111/3.0 and ECON 112/3.0 are together equivalent to ECON 110/6.0.

Please note: This course is typically offered in the fall term

Learning Outcomes

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.


Microeconomic Foundations

Chapter 1
Chapter 2
Chapter 33 (pgs 823 - 835)
Chapter 3
Chapter 19

Introduction to Macroeconomics

Chapter 20
Chapter 21
Chapter 22 (incl. Appendix)
Chapter 23

The Economy in the Short-Run

Chapter 24
Chapter 25

The Economy in the Long-Run

Chapter 26

Money, Banking, and Monetary Policy

Chapter 27
Chapter 28
  Additional Topic from MyEconLab website:
  “Interest Rates and the Slope of the AD Curve”
Chapter 29
Chapter 30

Macroeconomic Problems

Chapter 31
Chapter 32

Open Economy Macroeconomics

Chapter 35


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.


Fall 2022
Course Dates: 
Sept. 6 - Dec. 5, 2022
Exam Dates: 
Dec. 8 - 22, 2022


30% - Quizzes (best 5 of 6)
20% - Assignments (best 2 of 3)
50% - Proctored Final exam

Live Sessions

This course has optional live sessions (e.g. webinars, synchronous activities).


  1. You may choose to write your exam(s) online using Examity proctoring services where you will be charged the additional $100 exam fee; or
  2. You may choose to write your exam(s) in-person on Queen's campus in Kingston where you will NOT be charged the additional $100 exam fee.


Once the exam schedule has been finalized the exam date will be posted on your SOLUS account. The exam dates for each Term are listed on the Faculty of Arts and Science webpage under "Important Dates." Student exam schedules for the Fall Term are posted via SOLUS immediately prior to the Thanksgiving holiday; for the Winter Term they are posted on the Friday before Reading Week, and for the Summer Term they are individually noted on the Arts and Science Online syllabi. Students should delay finalizing any travel plans until after the examination schedule has been posted. Exams will not be moved or deferred to accommodate employment, travel/holiday plans or flight reservations.



Time Commitment

Students can expect to spend, on average, about 10 - 12 hours per week (120 hours per term) on the course.

Course Resources


SOLUS is Queen’s Student On-Line University System. You’ll have access to a SOLUS account once you become a Queen’s student. You’ll use SOLUS to register for courses, add and drop courses, update your contact information, view financial and academic information, and pay your tuition.

About OnQ

onQ is Queen's online learning platform. You'll log into onQ to access your course. All materials related to your course—notes, readings, videos, recordings, discussion forums, assignments, quizzes, groupwork, tutorials, and help—will be on the onQ site.

About Credit Units

Queen’s courses are weighted in credit units. A typical one-term course is worth 3.0 units, and a typical two-term course is worth 6.0 units. You combine these units to create your degree. A general (three-year) BA or BSc requires a total of 90 credit units.

Computer Requirements

To take an online course, you’ll need a high speed internet connection as well as a microphone and speakers to be able to watch videos, hear sounds, and participate in interactive online activities. A webcam is recommended but not necessary.

System Requirements:

Computer Specifications

  • Windows 8.1 or newer
  • OSX 10.13 (High Sierra) or newer
  • Dual Core 2 GHz processor
  • 4 GB RAM
  • Soundcard
  • USB Headset
  • Webcam

Supported Browsers

  • Chrome (preferred - latest version)
  • Firefox (latest version)
  • Safari is not recommended as it causes several known issues in onQ
  • Edge is not recommended as it causes several known issues in onQ

Internet Connection

  • Wired high speed access: Cable or better
  • Wifi is not recommended


  • Latest version

Media Player

  • Flash (latest version)

Adobe Reader

  • Latest Version


The deadlines for new applications to Queen’s Arts and Science Online courses are in our Upcoming Application Dates section.

Grading Scheme

The information below is intended for undergraduate students in the Faculty of Arts and Science. Academic Regulations in other Faculties may differ.

Letter Grade Grade Point

GPA Calculators
Have your SOLUS grade report handy and then follow the link to the Arts and Science GPA calculators.

How does this affect my academics?
See the GPA and Academic Standing page.

Follow the link above for an explanation of how the GPA system affects such things as the Dean’s Honour List, requirements to graduate, and academic progression.

Frequently Asked Questions on the Grading Scheme
Please follow this link to the FAQ's

Tuition Fees

Tuition fees vary depending when you start, your year, faculty, and program. Fees for Summer Term 2018 first-year Distance Career Arts & Science Domestic students are as follows: for a 3.0-unit course, $685.90; for a 6.0-unit course, $1371.80 See also Tuition and Fees.

Campus Bookstore

All textbooks, if required, can be purchased at Queen’s Campus Bookstore.

Non-Queen’s Students

All Queen’s Arts and Science Online courses are open to students at other universities. Before applying as a visiting student, request a Letter of Permission from your home university that states that you have permission to take the course and apply it to your degree. See also Apply.

Academic Integrity

Please see Queen’s policy statement on academic integrity for information on how to complete an online course honestly.