Introduction to Macroeconomics

University of Alberta

Employment, inflation, international payments, monetary policy, and fiscal policy, all in the Canadian economy. Prerequisite: ECON 101 or consent of Department. Not open to students with credit in ECON 204.

24HR Notes for ECON102

Available 24 hours after each lecture


ECON102 Syllabus for Wong,Andrew — Winter 2019

Department of Economics
Instructor: Andrew Wong
Office: 7-13 Tory Building
Phone: 780-492-2049
Office Hours: R 9:30 10:30 a.m. or by appointment
Course Location, Days & Time: TR 8:00 – 9:20 a.m. (TL 11)
Course Description: Employment, inflation, international payments, monetary policy, and fiscal
policy, all in the Canadian economy.
Course Prerequisites: ECON 101 or consent of Department of Economics. It is your responsibility
as a student to ensure that you have the appropriate prerequisite for the course.
Course Objectives and Expected Learning Outcomes:
That upon completion of the course, students will have:
(1) An understanding of how GDP and CPI are defined and calculated and their applications in
the study of economics.
(2) An appreciation of how economists approach the analysis of the monetary, fiscal policies and
macro management.
(3) An ability to apply the model of aggregate demand and aggregate supply to questions of
recession and economic expansion.
Required Textbook: Principle text: Karlan, Morduch, Alam and Wong (2017) Macroeconomics,
First Canadian Edition & Connect, McGraw Hill Education. Access code for Connect is included in
the textbook package free of charge.
Lecture Schedule & Assigned Readings:
1. Introduction to Economics
Macroeconomics and Life Chapter 1*
Specialization and Exchange Chapter 2*
Markets Chapter 3*
Government Intervention Chapter 6*
2. The Data of Macroeconomics
Measuring the Wealth of Nations Chapter 7
The Cost of Living Chapter 8
3. Economic Growth and Unemployment
Economic Growth Chapter 9
Unemployment and the Demand for Labour Chapter 10
4. The Economy in the Short and Long Run
Aggregate Demand and Aggregate Supply Chapter 11
Fiscal Policy Chapter 12
5. The Financial System and Institutions
The Basic of Finance Chapter 13
Money and the Monetary System Chapter 14
Inflation Chapter 15
6. International Policy Issues
Open-Market Macroeconomics Chapter 17
Components of Course Grade:.
Component Weighting Date
Assignments 15%
Due every Sunday (see below
for schedule)
Term Exam I (1 hour) 20%
February 11-15, 2019 (9am-
Term Exam II (1 hour) 20%
March 11-15, 2019 (9am-
Final Exam (2 hours) 45%
April 11-17, 2019 (9am-
*The two midterm exams and the final exam will be written at the Learning Assessment Centre
(LAC) which is located at 3-106 Education North (map). It is the student’s responsibility to book
their exam time using the LAC website. If you fail to book an exam time and there is no space in
the LAC then you will receive zero marks on that exam.
Grading: Grades reflect judgements of student achievement made by instructors and must
correspond to the associated descriptor. These judgements are based on a combination of
absolute achievement and relative performance in a class. Faculties may define acceptable
grading practices in their disciplines. Such grading practices must align with the University of
Alberta Assessment and Grading Policy and it procedures, which are available online at the
University of Alberta Policies and Procedures Online (UAPPOL) website
(”. See Calendar §23.4(4). The official grading system at the
University is the 4-point letter grade system. While instructors may use percentages to aid in
their grade development, percentages are not part of the University’s official grading system.
Representative Evaluative Material: Sample examination questions can be found on eClass
website. These questions provide a fair representation of the length nature and level of
difficulty of an actual examination for the course (GFC 52.8.1).
Attendance: Regular attendance is essential for optimal performance in any course. Familiarize
yourself with the policy on attendance and other academic regulations as explained in the
Calendar. Students who choose not to attend lectures must assume whatever risks are involved
(see Calendar §23.3 and 23.5.6).
Assignments and Connect:
Assignments (total of 10) will be done weekly starting with the week of January 20, 2019. There
will be two exceptions to this: the weeks of the two midterms: Week of February 10th and Week
of March 10th. Assignments will count for 15% of the final grade, and will be due according to
the following schedule.
Sunday, January 20 by 10 pm
Sunday, January 27 by 10 pm
Sunday, February 3 by 10 pm
Sunday, February 17 by 10 pm
Sunday, March 3 by 10 pm
Sunday, March 17 by 10 pm
Sunday, March 24 by 10 pm
Sunday, March 31 by 10 pm
Sunday, April 7 by 10 pm
Wednesday, April 10 by 10 pm
You will notice that assignments are due Sunday nights by 10p.m (except the last one). The
assignments are completed online in Connect. At the end of the term, I will drop the lowest 1
assignment and use your 9 best.
Missed Tests and Assignments: Late assignment receives no mark. If you miss a term exam you
will not receive a mark unless you provide me with a "Request for Excused Absence or Deferral
of Term Work" (available on the Faculty of Arts USS forms page). In that event, the deferred
midterm will be held at LAC on March 29, 2019. For this course the deferred final exam, should
one be required, is on May 3, 2019. Instructor does not have the authority to approve deferred
final exam. Students must submit their application to the undergraduate office of the applicants’
own faculty..
Deferral of term work is a privilege and not a right; there is no guarantee that a deferral will be
granted. Misrepresentation of Facts to gain a deferral is a serious breach of the Code of Student
Supplemental exercises are not permitted in this course. This policy is designed to prevent
students from asking for a make-up assignment to compensate for poor performance on an
Deferred Final Examination: For information on how to apply for a deferred exam see “I Missed
my Final Exam, Now What?”
Student Responsibilities:
Academic Integrity: The University of Alberta is committed to the highest standards of academic
integrity and honesty. Students are expected to be familiar with these standards regarding
academic honesty and to uphold the policies of the University in this respect. Students are
particularly urged to familiarize themselves with the provisions of the Code of Student Behaviour
(online at and avoid any behaviour which could potentially result
in suspicions of cheating, plagiarism, misrepresentation of facts and/or participation in an
offence. Academic dishonesty is a serious offence and can result in suspension or expulsion from
the University.
All students should consult the Academic Integrity website. If you have any questions, ask your
An instructor or coordinator who is convinced that a student has handed in work that he or she
could not possibly reproduce without outside assistance is obliged, out of consideration of
fairness to other students, to report the case to the Associate Dean of the Faculty. See the
Academic Discipline Process .
Recording of Lectures: Audio or video recording, digital or otherwise, of lectures, labs, seminars
or any other teaching environment by students is allowed only with the prior written consent of
the instructor or as a part of an approved accommodation plan. Student or instructor content,
digital or otherwise, created and/or used within the context of the course is to be used solely for
personal study, and is not to be used or distributed for any other purpose without prior written
consent from the content author(s).
Disclaimer: Any typographical errors in this syllabus are subject to change and will be announced
in class and posted on eClass. The date of the final examination is set by the Registrar and takes
precedence over the final examination date reported in this syllabus.
Student Resources:
The best all-purpose website for student services is:
Accessibility Resources: (1 80 SUB)
The University of Alberta is committed to creating work and learning communities that inspire
and enable all people to reach their full potential. Accessibility Resources promotes an accessible,
inclusive, and universally designed environment. For general information to register for services
visit the Accessibility Resources webpage.
The Academic Success Centre: (1-80 SUB)
The Academic Success Centre offers a variety of workshops on effective study and exam
strategies. There are in-person and online sessions available for a modest fee.
The Centre for Writers: (1-42 Assiniboia Hall)
The Centre for Writers offers free one-on-one writing support to students, faculty, and staff.
Students can request consultation for a writing project at any stage of development. Instructors
can request class visits and presentations.
Health and Wellness Support: There are many health and community services available to
current students. For more information visit the Health and Wellness Support webpage.
Office of the Student Ombuds:
The Office of the Student Ombuds offers confidential interviews, advice and support to students
facing academic, discipline, interpersonal and financial difficulties.
Learning and working environment:
The Faculty of Arts is committed to ensuring that all students, faculty and staff are able to work
and study in an environment that is safe and free from discrimination and harassment. It does
not tolerate behaviour that undermines that environment.
The University of Alberta acknowledges that we are located on Treaty 6 territory, and respects
the histories, languages, and cultures of the First Nations, Métis, Inuit, and all First Peoples of
Canada, whose presence continues to enrich our vibrant community.
Policy about course outlines can be found in the Evaluation Procedures and Grading System
section of the University Calendar.
Dept of Economics General Office is CLOSED FROM 12-1 PM.
Copyright: Andrew Wong, Faculty of Arts, University of Alberta (2019)

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