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ECON 222 Macroeconomic Theory I Units: 3.00
A study of the basic models of national income determination and financial markets. The course includes application to policy problems such as inflation, unemployment and balance of payments disequilibria.
NOTE A grade of C in this course is required as a prerequisite for ECON 320/3.0.
NOTE A grade of C in this course is required as a prerequisite for ECON 320/3.0.
Learning Hours: 120 (36 Lecture, 6 Group Learning, 78 Private Study)
Requirements: Prerequisite ECON 110/6.0 or (ECON 111/3.0 and ECON 112/3.0) or (COMM 171/3.0 and COMM 172/3.0).
Offering Faculty: Faculty of Arts and Science
Course Learning Outcomes:
- Explain and model how individuals make decisions that affect the macro-economy, such as how much to consume and save, or how many hours to work and enjoy leisure.
- Explain and model how producers make decisions that affect the macro-economy, such as how much to produce, or how many workers to employ and how much capital to use, or what technology to adopt.
- Explain and model how policy planners make decisions that affect the macro-economy, such as how to respond to domestic or international economic shocks.
- Describe the equilibrium conditions that characterize the interactions among consumers, producers and policy planners using formal, analytical models and/or written and oral modes of communication.