This course is intended to expose students to the theories and concepts of macroeconomics. Students will learn about a variety of market structures that exist within our economy.
The course will also explore how the function of markets is influenced by the actions of sellers and buyers.

Students will be exposed to the main models of decision-making used by households and firms. Most importantly, students will be afforded opportunities to apply the economic theories from this course to solve real-world problems.

Upon successful completion of the course, a student will be able to:

• Describe the reasons household, business, government, and global behaviour determine the aggregate demand for goods and services.
• Outline the behaviour of businesses and how the rest of the world determines the aggregate supply of goods and services.
• Explain how aggregate demand and aggregate supply interacts to drive a free market economy.
• Evaluate the implications of interference in a market economy, including government policy.
• Outline the basics of national income accounting.
• Explain the causes and consequences of business cycles.
• Explain the roles of fiscal and monetary policy in fighting recessions and inflation.
• Analyse the factors that contribute to and detract from long-term economic growth.
• Apply economic reasoning to understand the operation of an economy.
• Explain the interaction between the domestic economy and the rest of the world.
• Apply basic international trade and finance concepts to global pricing issues, including working with exchange rates.