(3 units). Macro versus micro. National accounting. Components of aggregate demand. National income determination and multiplier theory. Business cycles and economic instability. Fiscal policy. Money and monetary policy. Banking system. Unemployment and inflation. Controversies over stabilization policy. Canadian macroeconomic policy. Course Component: Lecture
(3 units). Macro versus micro. National accounting. Components of aggregate demand. National income determination and multiplier theory. Business cycles and economic instability. Fiscal policy. Money and monetary policy. Banking system. Unemployment and inflation. Controversies over stabilization policy. Canadian macroeconomic policy. Course Component: Lecture