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Economics 291

Canadian Macroeconomic Policy

Credits: 3

Length of Course: 14 weeks

Classroom Hours per Week: 4 hours

Prerequisites: 12 credits, Minimum C in Economics 103, 105; Mathematics 111 or 113, and English 099

Text: Macroeconomics, Abel, Bernanke, Smith and Kneebone Pearson Addison-Wesley, latest edition.


Course Description:

This course applies the tools developed in Economics 105 to current issues in the Canadian macro economy. Topics covered include Canada's macroeconomic history, fiscal and monetary policy issues, government debt and deficits, NAFTA and the FTA, the Canadian balance of payments, and the value of the Canadian dollar.


Course Outline:

Week Title
Week 1 Introduction & Review (IS/LM Model)
Week 2 AD/AS Models (Simple Fiscal & Monetary Policy)
AB & S 9
(Assignment # 1)
Week 3 New Classical Views
AB & S 11
Week 4 Keynesian Views
(Assignment #2)
Week 5 Mid-term #1
Week 6 Micro-foundations
AB & S 4 (Appendix)
(Assignment # 3)
Week 7 & 8 International
AB & S 10
(Assignment # 4)
Week 9 Mid-term #2
Week 10 Unemployment/Inflation Tradeoff
AB & S 13
(Assignment # 5)
Week 11 Monetary Policy
AB & S 14
Week 12 Fiscal Policy
AB & S 15
(Assignment # 6)
Week 13 Class Presentations

Evaluation:

Assignments (6) 30%
Mid-terms (2) 20%
Class Presentation and Paper 30%
Final 20%

Instructors:

Stéphane Deseau, M.Econ. (Maine, France), M.Sc. (Quebec)
Cheryl Fu, B.A. (Beijing), M.A. (Simon Fraser), Ph.D. candidate
Paul Geddes, B.A. (Claremont), M.A. (Carleton)
Fatin Jallad, B.A., B.Sc. (Portland), M.Sc. (New Mexico), M.Sc. (Arizona)
Susana Leung, B.B.A., M.A. (Simon Fraser)


Transferability: see www.bctransferguide.ca