ECON 3023

ECON 3023 Economic Theory I: Macroeconomics

Three (3) credit hours 

Note that this course is equivalent to course ECON 2023 on the UNB Saint John campus, and that you can only take one of these two courses for credit.

The purpose of this course is to deepen your understanding of macroeconomics. As you know from your macro principles course, macroeconomics is concerned with the overall well-being of the economy and how that changes over time. It is concerned with explaining and predicting the movements of important economic aggregates such as: the inflation rate, the unemployment rate, interest rates, GDP and GDP growth, and the exchange rate. The purpose is to build a model showing the interrelationships between between these aggregates. An important theme is the proper role of the government in stabilising the macroeconomy.

Either Econ 1023 or Econ 1002

Dr. Anthony Myatt, Department of Economics, University of New Brunswick.

Online lecture notes, links to other web sites, and self-testing engines. The textbook is a critical part of the necessary materials.

The material is organised into the following chapters:

Part One - Introduction

1. The Science of Macroeconomics
2. The Data of Macroeconomics

Part Two - The Economy in the Long Run

3. National Income: Its comings and goings
4. Economic Growth I
5. Economic Growth II
6. Unemployment
7. Money and Inflation
8. The Open Economy

Part Three - The Economy in the Short Run

9. Introduction to Economic Fluctuations
10. Aggregate Demand I
11. Aggregate Demand II
12. Aggregate Demand in the Open Economy
13. Aggregate Supply

Part Four - Macroeconomic Policy Debates

14. Stabilization Policy
15. Government Debts and Deficits
16. Advances in the Theory of Economic Fluctuations

Macroeconomics, Canadian Edition by N.Gregory Mankiw and William Scarth, published by Worth Publishers, Fourth Edition, 2011. ISBN-13: 978-1-4292-3490-0, or ISBN-10: 1-4292-3490-3

This book contains your essential material. You cannot do this course without this text!

The mark is based on quizzes and tests.

There will be 16 quizzes, one at the end of each chapter. Each quiz is worth 1% of your final mark, for a total of 16% of your final mark. You have two attempts on each quiz, the highest mark is the one that counts. There will be a midterm test (after you complete chapter 8) worth 14%. You have only one attempt on the midterm. There will be a final test worth 70%. [The final test will cover the entire course.] You have only one attempt, and it will be a supervised exam. You must arrange the final exam through the Open Access Learning Program.

Six months

Click here to find more information on fees for this course.

Fees are subject to change by the Board of Governors.

Once you complete the Apply Now form below, please send payment. Methods of payment accepted:
Cash (Do not send in the mail. Please deliver to the College of Extended Learning, 2nd Level, Wu Centre, UNB Fredericton Campus)
Cheque or money order (Mail to UNB College of Extended Learning, PO Box 4400, Fredericton, New Brunswick, E3B 5A3)
MasterCard / VISA / American Express (Please call the College of Extended Learning at 1-866-599-4646  or 506 453-4646 with your credit card number, expiry date, and the name as it appears on the card. Please do not send credit card information via email).

Apply Now!