Introductory Macroeconomics

ECON 112/3.0

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

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 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

Terms

Fall 2022
Course Dates
Delivery Mode
Online

Evaluation

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).

STUDENTS ENROLLED IN ONLY ONLINE COURSES WILL HAVE TWO OPTIONS TO WRITE THEIR EXAMS:

  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.

LOCATION AND TIMING OF FINAL EXAMINATIONS

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.

Instructor Information

TBA

Textbook and Materials

ASO reserves the right to make changes to the required material list as received by the instructor before the course starts. Please refer to the Campus Bookstore website at http://www.campusbookstore.com/Textbooks/Search-Engine to obtain the most up-to-date list of required materials for this course before purchasing them.

Required Textbook

  • Macroeconomics, with MyEconLab (Sixteenth Canadian Edition) by Ragan, Christopher T.S., Pearson, 2016.

**Materials Subject to Change**

Time Commitment

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