The Macroeconomy - Macroeconomic Analysis
This stream offers students the chance to study macroeconomic processes in nation-states and in the global economy. In the national context, students will learn about the determinants of gross national product and be introduced to controversies between "Keynesians" and "monertarists" on economic policy and the workings of the macroeconomy.
They will also have opportunity to study the government sector including the theory and practice of taxation, government expenditure and federalism. In the international context, the focus is on trade. Topics covered here included the gains from trade and the contribution of trade to economic growth. To understand the macroeconomy, students must have a grasp of international institutions which regulate trade; to this end they will study institutions such as the World Trade Organization, and "trading blocs" like NAFTA and the European Union.
As a prerequisite to the study of the macroeconomy, students must take four courses in quantitative methods so that they acquire the requisite mathematical and statistical knowledge for this stream.
This stream is highly recommended for student wishing to pursue the study of economics at graduate level.
- BA Requirements
- AP/ECON 1530 3.0 Introductory Mathematics for Economists I
- AP/ECON 1540 3.0 Introductory Mathematics for Economists II
- AP/ECON 2500 3.0 Introductory Statistics for Economists I
- AP/ECON 3210 3.0 Use of Economic Data** or
AP/ECON 3500 3.00 Intro. Math Stats for Economists
** Students who take this course as part of the Microeconomy Stream B strean should replace it with another course chosen from the listed courses listed below at the 3000 level.
An additional six credits, including at least three credits at the 3000 level from:
AP/ECON 2400 3.00 Intermediate Macroeconomics: Theory I
AP/ECON 2450 3.00 Intermediate Macroeconomics: Theory II
AP/ECON 3150 3.00 International Trade I
AP/ECON 3200 3.00 Industrial Organization
AP/ECON 3430 3.00 Monetary Economics I: Financial Markets & Institutions
- Honours BA Requirements
In addition to the above, students must include at least six credits chosen from:
AP/ECON 4070 3.00 Public Finance I
AP/ECON 4080 3.00 Public Finance II
AP/ECON 4129 3.00 International Trade Policy & Economic Integration
AP/ECON 4190 3.00 Topics in International Trade
AP/ECON 4200 3.00 Topics in International Money
* Students may not combine this Stream Option with Option A (Microeconomic Analysis) in the Microeconomy Stream.