Students examine economic behavior at the aggregate level, and the measurement and determination of national income. Topics include an introduction to economics; measuring macroeconomic variables including gross domestic product, unemployment, and inflation; the Keynesian model; aggregate demand and supply; money and banking; the money market; fiscal policy; monetary policy and the central bank; exchange rates and the balance of payments; and economic growth. Prerequisites: There are no prerequisites for the course, but Foundations of Mathematics 11 or Pre-calculus 11 (min grade of B) ; or MATH 0523 or equivalent are recommended. Completion of one of Foundations of Mathematics 12 or Pre-calculus 12 highly recommended. Note: Students will only receive credit for one of ECON 1950, ECON 1951.
Students examine economic behavior at the aggregate level, and the measurement and determination of national income. Topics include an introduction to economics; measuring macroeconomic variables including gross domestic product, unemployment, and inflation; the Keynesian model; aggregate demand and supply; money and banking; the money market; fiscal policy; monetary policy and the central bank; exchange rates and the balance of payments; and economic growth. Prerequisites: There are no prerequisites for the course, but Foundations of Mathematics 11 or Pre-calculus 11 (min grade of B) ; or MATH 0523 or equivalent are recommended. Completion of one of Foundations of Mathematics 12 or Pre-calculus 12 highly recommended. Note: Students will only receive credit for one of ECON 1950, ECON 1951.
