|Economics 282||ECO 282|
|Intermediate Macroeconomic Theory I||3 (3-0-0-0)|
An introduction to analytical macroeconomic modelling. Topics include flexible and fixed wage models of price, interest rate, output, and employment determination with emphasis on the relationship between the labour market and aggregate supply; the impact of fiscal, monetary, and supply shocks; open economy macroecoonomics with fixed and flexible exchange rates and prices, as well as international capital mobility.
Prerequisites: (Math 30-1, Pure Math 30 or equivalent) and Economics 101 and Economics 102 and 2nd year standing required