Honors Macroeconomics

BCIT

Curriculum

Course Title: Honors Macroeconomics

Department: BCIT

Units of Study:

• Introduction

• An Introduction to Macroeconomics

• Measuring Domestic Output and National Income

• Economic Growth

• Business Cycles: Unemployment and Inflation

• Basic Macroeconomics Relationships

• The Aggregate Expenditure Model

• Aggregate Demand and Aggregate Supply

• Fiscal Policy, Deficits, and Debt

• Money, Banking, and Financial Institutions

• Money Creation

• Interest Rates and Monetary Policies

• Financial Economics

Curriculum-Based Assessments:

Standardized Assessments:

Description of Course:

Macroeconomics is designed to give students a thorough understanding of the principles of economics that apply to an economic system as a whole. This course places an emphasis on the study of national income and performance measures for economic growth. There is an in depth look at inflation, unemployment and price stability from fiscal and monetary policy perspectives. It is recommended students take Microeconomics before Macroeconomics. However, there is no prerequisite and students are permitted to take both courses in one school year.