Skip to main contentSkip Navigation or Skip to Content
Thompson Rivers University
Thompson Rivers University

ECON 1951: Principles of Macroeconomics

Students examine how the economy behaves at the aggregate level and how national income is measured and determined. Topics include an overview of macroeconomics; measuring gross domestic product, inflation and unemployment; demand including the multiplier process; supply, business cycles, long-term growth; money, banking and monetary policy; inflation; interest rates; stagflation; deficits and fiscal policy; exchange rates and balance of payments; exchange rate policy; purchasing power and interest rate parity.

Learning outcomes

  • Understand the forces determining macroeconomic variables such as inflation, unemploy-ment, interest rates, and the exchange rate.
  • Formulate and assess macroeconomic policy suggestions.
  • Define macroeconomic terminology, such as the multiplier, monetarism, the natural level of unemployment, and fiscal policy.
  • Interpret and evaluate media reports on the macroeconomy.

Course topics

  • Module 1: National Income Accounting and the Business Cycle
  • Module 2: Aggregate Expenditure, Aggregate Demand, and Fiscal Policy
  • Module 3: Money, Banking, and Financial Markets
  • Module 4: Monetary Policy and the AS/AD Model
  • Module 5: Exchange Rates
  • Module 6: Economic Growth

Required text and materials

The following Open Education Resources (OER) textbook, free of charge, is required for this course:

  1. Curtis, D., & Irvine, I. (2017). Principles of macroeconomics (Revision B). (CC BY-NC-SA).

Students can access the book via Lyryx Learning:


Please be aware that should your course have a final exam, you are responsible for the fee to the online proctoring service, ProctorU, or to the in-person approved Testing Centre. Please contact with any questions about this.

To successfully complete this course, students must achieve a passing grade of 50% or higher on the overall course, and 50% or higher on the final mandatory examination.

Assignment 1 10%
Quiz 1 10%
Assignment 2 10%
Assignment 3 10%
Assignment 4 10%
Quiz 2 10%
Final exam (mandatory) 40%
Total 100%

Open Learning Faculty Member Information

An Open Learning Faculty Member is available to assist students. Students will receive the necessary contact information at the start of the course.

Search To Top