Principles of Macro Economics ECON-206

Course Name:	Principles of Macro Economics
Course Number:	ECON-206
Category:	Accounting
Description	The Principles of Macroeconomics will establish a foundation for the study of the aggregate level of economic activity. Macroeconomics involves economy-wide phenomena such inflation and price levels, the business cycle, unemployment, economic growth, the level of national income, gross domestic product, money and banking, international trade and finance, the balance of payments, and fiscal and monetary policies. These topics will be covered via a range of theoretical and practical perspectives among which will be learning tools such as in-class and online assignments, a term paper, quizzes, tests and a final exam. Once you successfully complete Principles of Macroeconomics, you will have the ability to confidently: •Define the nature of an economic problem; •Explain the differences between economic systems; •Determine gross domestic product (GDP); •Explain how unemployment and inflation figures are determined; •Evaluate why the theories of John Maynard Keynes are relevant to current economic thinking; •Explain the economic factors that affect aggregate consumption and investment in Canada; •Explain the nature and problems of implementing fiscal policy; •Analyze the nature of government debt and deficits; •Explain the nature of money, the role of the Bank of Canada in determining monetary policy, Canada's balance of payments problems, and the factors that determine the international value of the Canadian dollar; •Analyze current economic problems.
Notes	ECON 206 has replaced ECON 103 For more information on OntarioLearn online, please email online@centennialcollege.ca.
Associated Programs	7298 - Business Management - International
Pre-requisities	No Prerequisites required for this course