UWaterloo - ECON 102: Introduction to Macroeconomics (Solutions)

ECON 102 - Introduction to Macroeconomics at the University of Waterloo dives into the world of large-scale economic forces. You'll explore how governments use fiscal and monetary policy to influence key variables like GDP, inflation, and unemployment. By analyzing national accounts, understanding the intricacies of the monetary system, and examining factors like income inequality and economic growth, you'll gain a powerful toolkit to analyze economic data, assess policy impacts, and critically evaluate the global economic landscape.

✔ When you've completed the course, you should be able to:

• understand the concept of the Economic Problem and its implications;
• demonstrate proficiency in measuring GDP and understanding Economic Growth;
• analyze labor market indicators to monitor jobs and inflation;
• explain the role of finance, saving & investment in an economy;
• discuss the relationship between money, the price level, and inflation;
• evaluate the impact of the exchange rate and balance of payments on an economy;
• interpret Aggregate Supply and Aggregate Demand models;
• utilize expenditure multipliers in the Keynesian Model for economic analysis;
• analyze Canadian inflation, unemployment, and the business cycle dynamics;
• evaluate the effectiveness of fiscal policy in managing economic fluctuations;
• and - understand the mechanisms and tools of monetary policy and their effects on the economy.