Macroeconomic Policy Online economics course | Arts and Science Online

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Macroeconomic Policy

ECON 223/3.0

Current topics in macroeconomic policy which may include: unemployment and policies to reduce it, government budget deficits, supply-side controversies, financial deregulation, policy coordination, and management of exchange rates. Comparison of policies in Canada, the United States, and other OECD countries. 

Learning Outcomes


By the end of this course, you will be able to:

  • Identify the essential features of a macroeconomy and to diagnose its problems;
  • Describe how savings and trade contribute to economic growth;
  • Explain how governments use fiscal policy to stabilize an economy or boost its growth;
  • Explain how governments use macroeconomic policy to stabilize an economy;
  • Describe how exchange rates are managed, and the pros and cons of various exchange rate choices;
  • Define Keynesian and Austrian views of how a business cycle is generated and how to respond to a business cycle;
  • Describe how economists and politicians have steered economies in either more Keynesian or more Austrian directions;
  • Describe recent macroeconomic events in Japan, Europe and North America, as well as whatever breaking news events there may be.


Macroeconomic Policy

In this course we will attempt to get an intuitive grasp of how an economy works and how an economy can be influenced by government.  It covers 10 major topics, with reference to events in North America and around the world.

Essentials for any Economy

  1. The Role of Government vis-à-vis the Market 
  2. Money and Inflation
  3. Aggregate Supply and Aggregate Demand
  4. Fiscal Stimulus
  5. Government Budgets
  6. Central Banking
  7. Business Cycles
  8. Exchange Rates and Currency
  9. Unions
  10. International Trade


To be determined
Course Dates: 
Exam Dates: 


Online Discussion Group Participation20%
Assignments (3x10%)30%
Proctored Final Exam50%

**Evaluation Subject to change**

Final Examination

Students must write their exam on the day and time scheduled by the University. The start time may vary slightly depending on the off-campus exam centre. Do not schedule vacations, appointments, etc., during the exam period


Professor Suzyo Chilongo (

Time Commitment

To complete the readings, assignments, and course activities, students can expect to spend on average, about 10 - 12 hours (120 hours per term) per week 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:

  • Laptop or Desktop computer purchased within the last 5 years. (mobile devices are not supported)
  • Windows Vista SP2/Mac OSX 10.9 or higher
  • Up to date versions of Firefox, Internet Explorer or Safari. Please note that Google Chrome is not recommended for use in our courses.
  • Most recent version of Adobe Reader and Adobe Flash

 See also Getting Started.


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

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.

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

Campus Bookstore

All textbooks 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.