Econ209: Macroeconomic Analysis And Applications Paper

Econ209: Macroeconomic Analysis & Applications (Section 002)

Tuesday & Thursday, 4:05 - 5:25 Arts W120
Professor: Paul Dickinson [e-mail] Winter 2013 ********************************************
A: Course Content
The 3-credit course covers the basics of economic theory and policy at the level of the whole economy - the macroeconomic level (e.g. national income, economic growth, employment/unemployment, prices & inflation, exchange rates, monetary and fiscal policy). It is aimed at people not currently specializing in economics at the majors or honours level. You should have already done microeconomics (Econ208 or equivalent): if not, see me immediately for advice.

Do the readings as the lectures progress - don’t
The Economy in the Long Run Weeks 5, 6 & 7 * Actual output, full-employment output, & factor prices (Chap 24 pp.591-605) * Government fiscal policy (Chap 24 pp.605-616) * Long-run vs. short-run influences on domestic output (Chap 25) * Economic growth (Chap 26)

Mid-Term Examination (Week 7)

5. Money, Banking, and Monetary Policy Weeks 7, 8 & 9 * The nature of money (Chap 27 pp.671-679) * The Canadian banking system (Chap 27 pp.679-688) * Money creation and the money supply (Chap 27 pp.688-end) * How changes in the money supply affect real output (Chap 28) * How monetary policy works in Canada (Chap 29 pp.728-749) * Three decades of Canadian monetary policy (Chap 29 pp.749-end)

6. Macroeconomic Problems & Policies Weeks 10 & 11 * Inflation and inflation control (Chap 30) * Unemployment (Chap 31) * Government debt and deficits (Chap 32)

7. International Macroeconomics Weeks 12 & 13 * Exchange rates and the balance of payments (Chap 35) * Trade policy (Chap 34