ECON70001
Macroeconomics Principles
Sheridan
 
  I: Administrative Information   II: Course Details   III: Topical Outline(s)  Printable Version
 

Land Acknowledgement

Sheridan College resides on land that has been, and still is, the traditional territory of several Indigenous nations, including the Anishinaabe, the Haudenosaunee Confederacy, the Wendat, and the Mississaugas of the Credit First Nation. We recognize this territory is covered by the Dish with One Spoon treaty and the Two Row Wampum treaty, which emphasize the importance of joint stewardship, peace, and respectful relationships.

As an institution of higher learning Sheridan embraces the critical role that education must play in facilitating real transformational change. We continue our collective efforts to recognize Canada's colonial history and to take steps to meaningful Truth and Reconciliation.


Section I: Administrative Information
  Total hours: 42.0
Credit Value: 3.0
Credit Value Notes: N/A
Effective: Spring/Summer 2017
Prerequisites: N/A
Corequisites: N/A
Equivalents: N/A
Pre/Co/Equiv Notes: N/A

Program(s): Business, Business - Other Related, Canadian Institute of Manageme, Credit Union Institute of Cana, General Education Electives
Program Coordinator(s): N/A
Course Leader or Contact: N/A
Version: 20170508_00
Status: Approved (APPR)

Section I Notes: This course is offered online and on-campus. This course is offered on-campus. The sessions may include a variety of interactive and engaging activities including discussions, workshops, group activities, role plays, case studies and presentations. Readings, video, and podcasts may be provided online, on Sheridan's Learning and Teaching Environment (SLATE), to support class activities and reinforce material covered during class sessions. Assignment details will be provided in class and on SLATE. Students will need reliable access to the internet. This is an online course. All instruction is delivered through a Learning Management System. None of the classes occur on-campus but students may be required to write mid-term and final exams on-campus. Online learning often involves assigned weekly readings, research, assignments, quizzes, journal writing and discussion boards. Some courses may include live online class sessions which will involve learner participation. Students will need reliable access to a computer and the internet.

 
 
Section II: Course Details

Detailed Description
Students examine the macroeconomic environment in which Canadians live and work. Studies focus on current issues and government policies, including; unemployment, inflation, international trade, the exchange rate of the Canadian dollar, and Canada's ability to compete in the globalized world economy. Studies include the interaction of aggregate demand and supply, and the effects of productivity, consumption, investment and international trade on the performance of the Canadian economy. Emphasis is placed on the cause-effect relationships associated with related government policies: fiscal policy, monetary policy, exchange-rate policy and trade policies such as NAFTA and the WTO agreement.

Program Context

 
Business Program Coordinator(s): N/A
n/a

Business - Other Related Program Coordinator(s): N/A
This course is offered through the Faculty of Continuing and Professional Studies.

Canadian Institute of Manageme Program Coordinator(s): N/A
n/a

Credit Union Institute of Cana Program Coordinator(s): N/A
n/a

General Education Electives Program Coordinator(s): N/A
n/a


Course Critical Performance and Learning Outcomes

  Critical Performance:
By the end of this course, students will have demonstrated the ability to analyze a variety of macroeconomic situations, issues and related government policies through the application of basic economic concepts and principles.
 
Learning Outcomes:

To achieve the critical performance, students will have demonstrated the ability to:

  1. Explain basic economic concepts and relationships on a macroeconomic level.
  2. Explain the effect of various factors/events on the interaction of aggregate demand and aggregate supply, and on the performance of the economy as measured by output, employment/ unemployment, and inflation.
  3. Use a systematic problem - solving approach that incorporates the application of basic economic principles and concepts.
  4. Use graphs to apply and illustrate economic principles and concepts.
  5. Use economic principles to project the likely effects of government policies on a given economic situation, in terms of the both short-term and long-terms effects of policies.
  6. Use basic economic principles to analyze developments in the globalized world economy and Canada's position international environment.

Evaluation Plan
Students demonstrate their learning in the following ways:

 Evaluation Plan: ONLINE
 Discussions10.0%
 Quiz #115.0%
 Quiz #220.0%
 Quiz #315.0%
 *Final exam(cumulative)40.0%
Total100.0%



Evaluation Plan: IN-CLASS
 Quizzes (3x10%)30.0%
 Test 120.0%
 Test 225.0%
 Final Exam(Cumulative)25.0%
Total100.0%

Evaluation Notes and Academic Missed Work Procedure:
To encourage behaviours that will help students to be successful in the workplace and to ensure that students receive credit for their individual work, the following rules apply to every course offered within the Faculty of Continuing and Professional Studies. 1. Students are responsible for staying abreast of test dates and times, as well as due dates and any special instructions for submitting assignments and projects as supplied to the class by the professor. 2. Students must write all tests at the specified date and time. Missed tests, in-class/online activities, assignments and presentations are awarded a mark of zero. If an extension or make-up opportunity is approved by the professor as outlined below, the mark of zero may be revised by subsequent performance. The penalty for late submission of written assignments is a loss of 10% per day for up to five business days (excluding weekends and statutory holidays), after which, a grade of zero is assigned. Business days include any day that the college is open for business, whether the student has scheduled classes that day or not. 3. Students who miss a test or in-class/online activity or assignment or fail to submit an assignment on time due to exceptional circumstances are required to notify their professor in advance of the class whenever possible. A make-up test may be supplied for students who provide an acceptable explanation of their absence and/or acceptable documentation explaining their absence (e.g., a medical certificate). All make-up tests are to be written at a time and place specified by the professor upon the student¿s return. Alternately, students may be given an opportunity to earn the associated marks by having a subsequent test count for the additional marks. Exceptional circumstances may result in a modification of due dates for assignments. 4. Unless otherwise specified, assignments and projects must be submitted at the date and time specified by the instructor. 5. Students must complete every assignment as an individual effort, unless the professor specifies otherwise. 6. Since there may be instances of grade appeal or questions regarding the timely completion of assignments and/or extent of individual effort, etc., students are strongly advised to keep, and make available to their professor, if requested, a copy of all assignments and working notes until the course grade has been finalized. 7. There will be no resubmission of work unless this has been previously agreed to or suggested by the professor. 8. Students must submit all assignments in courses with practical lab and field components in order to pass the course. * Students much achieve a minimum of 50% on the final exam to earn credit for this course. The final exam will be written in-person at an assigned date and time.

Provincial Context
The course meets the following Ministry of Colleges and Universities requirements:


 

Prior Learning Assessment and Recognition
PLAR Contact (if course is PLAR-eligible) - Office of the Registrar
Students may apply to receive credit by demonstrating achievement of the course learning outcomes through previous relevant work/life experience, service, self-study and training on the job. This course is eligible for challenge through the following method(s):

  • Challenge Exam
    Notes:  

 
 
Section III: Topical Outline
Some details of this outline may change as a result of circumstances such as weather cancellations, College and student activities, and class timetabling.
Print Instruction Mode Professor Applicable Student Group(s)
In-Class Multiple Professors Faculty of Continuing and Professional Studies in-class students.
Online Multiple Professors Faculty of Continuing and Professional Studies Online students.

Sheridan Policies

It is recommended that students read the following policies in relation to course outlines:

  • Academic Integrity
  • Copyright
  • Intellectual Property
  • Respectful Behaviour
  • Accessible Learning
All Sheridan policies can be viewed on the Sheridan policy website.

Appropriate use of generative Artificial Intelligence tools: In alignment with Sheridan's Academic Integrity Policy, students should consult with their professors and/or refer to evaluation instructions regarding the appropriate use, or prohibition, of generative Artificial Intelligence (AI) tools for coursework. Turnitin AI detection software may be used by faculty members to screen assignment submissions or exams for unauthorized use of artificial intelligence.

Course Outline Changes: The information contained in this Course Outline including but not limited to faculty and program information and course description is subject to change without notice. Nothing in this Course Outline should be viewed as a representation, offer and/or warranty. Students are responsible for reading the Important Notice and Disclaimer which applies to Programs and Courses.


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