course outline

Macroeconomics, IS–LM model, Phillips curve

CECN 301 Intermediate Macroeconomics I
Section 110

Professional/Professionally Related Course

Prerequisites: (ECN 104 and ECN 204) or Direct Entry

Instructor: Waclaw Dajnowiec
Office: JOR 1212
Office Hours:Mondays, 5:00pm-6:00pm
Phone: 416-979-5000, x.6614
Lecture: Mondays, 6:30pm – 9:30pm, EPH207

Course Description
The aim of this course is to provide a comprehensive overview of both traditional and modern macroeconomic theories and their use in analyzing important economic issues, such as unemployment, inflation, interest rates, business cycles and government policies. Theories will be discussed in the context of Canadian macroecomic data and active government involvement through the implementation of monetary and fiscal policies.

Course Materials
DeLong J. B., Olney M., Mansoorian A. and Michelis L., “Macroeconomics”, 2nd Canadian Edition, McGraw-Hill Ryerson, 2007. Key websites: , on-line practice questions, tests:

Course Evaluation
The weights and scheduled dates for the mid-term exams and final exam are following:

ActivityWeightScheduled Date
Mid-term Exam 1 (Ch. 1,2,5,6)20%Oct 7
Mid-term Exam 2 (Ch. 8,7,920%Nov 11
Assignments (2)10%Oct 21, Nov 18
Final Exam50%December 9

The mid-term exam 2 will cover the materials after mid-term exam 1. The final exam will cover the entire semester.

(i)If the Midterm exam is missed due to acceptable, documented, circumstances (see Common Departmental Course Management Policy below), please schedule the makeup exam through the Make-Up Test Centre ( (ii)Students have to hand back the Midterm exam papers.

Course Topics

I. Preliminaries
i. Introduction to Macroeconomics (Chapter 1)
ii. Measuring the...
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