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Business Cycles
Why Should I Care? Our economy is not always stable. It grows and shrinks, sometimes violently, wreaking havoc on families and communities through inflation or unemployment. There is a silver lining; business cycles can provide opportunities to those who unde...
Monetary Policy
Why Should I Care? When the Bank of Canada prints too much money, we are all the poorer. But if money is insufficient, it's very difficult to obtain loans to buy a home, or start a business. We have to get this right. This Lecture Has 4 Parts Definition o...
1 – The Proposal
The research project may need to be presented to a review board for academic or financial considerations. In this case you would be required to provide a proposal. This is a short text (max 800 words), where you map out what you would do if you got the green l...
The Case of the COVID-19 Budget
Macroeconomic Policy - Fiscal and Monetary Policy Introduction In 2020-21, the liberal Trudeau government issued more than 300 billion dollars of Treasury Bonds which were mostly purchased by the Bank of Canada with new money. This allowed Ottawa to double t...
The Case of the Great Recession
Aggregates - Business Cycles Introduction A long long time ago, in a land not so far away, came a housing crisis to crush the hopes and dreams of millions of Americans. It was called the Great Recession. It happened just before Barack Obama became President ...
Case Template
BOOK SECTION - MODULE Introduction fdjskal jl; Video Link link Description fjdksla fkdls;a Evaluation Criteria Your solution will be graded using the following expectations. The answers are explained concisely The answers cover the issues of f ds...
The Case of Gas
Markets - Monopoly Introduction Who sets the price of gas? Over the last few years, car drivers have seen gas prices drop to 80 cents per litre during the early months of the COVID-19 pandemic - remember that? - to more than 2 dollars. It's an important part...
Economic Growth, Innovation and Productivity
Why Should I Care? Our levels of employment and prosperity depend on the size of our economy. This is dictated by our rate of innovation. Inventing and producing new and creative goods and services is the key to increasing productivity and prosperity. This L...
The Commons, Club Goods, and Public Goods
Why Should I Care? Markets are not perfect, and the reason has to do with the type of product delivered. When products are based on long-lasting infrastructure, unit-based pricing does not work. Further, a private-market system may provide enough of this prod...
The Banking System
Why Should I Care? The financial industry holds the key to any important changes we need to make to the economy. Bankers are in the middle of the power structure of the economic system. They are a big part of the control component of the system. If we want ch...
International Accounts
Why Should I Care? Most of the things we buy nowadays come from abroad. If they become more expensive, it affects our purchasing power. All of a sudden, what happens in other countries, and how our exchange rate of the Canadian dollar reacts to that, really m...
Fiscal Policy
Why Should I Care? Politicians are taxing you, and spending your money. You might be interested to know why. Often, government is using its budget to try to “fine-tune” the economy to create jobs or stem inflation. This Lecture Has 5 Parts Automatic Stabi...
The Quebec Budget
Why Should I Care ? If you live in Quebec, you would be interested in knowing how your taxes are being used. The province has used innovative strategies in the past to develop its economy, such as creating its own pension fund, public auto insurance, Hydro-Qu...
The Government Budget
Why Should I Care? Politicians are taxing you, and spending your money. You might be interested to know how much, and where the money goes. This Lecture Has 6 Parts The Flow of Tax Money in Canada The Balanced Budget Federal Tax Revenue Federal Governm...
Long-Run Consensus Macroeconomic Theory
Why Should I Care? Comparing actual production levels to the full potential of our economy is useful to understand whether or not the government should intervene to create jobs, or to stem inflation. This Lecture Has 5 Parts What is the Long-Run? Long-Ru...
Consensus Macroeconomic Theory
Why Should I Care? Politicians spend your money. You might want to understand what their arguments are for increasing expenditures or changing tax rates. Hint: most of their arguments come from macroeconomic theory. This is the most used macroeconomic model, ...
Keynesian Macroeconomic Theory
Why Should I Care? Politicians spend your money. You might want to understand what their arguments are for increasing expenditures, or changing tax rates. Hint: most of their arguments come from Keynes’ macroeconomic theory. This Lecture Has 8 Parts Sorti...
Institutions and Political-Economy Systems
Why Should I Care? Would you prefer to live in a system where people are free to produce and buy what they want? Or would you prefer to live in an economy where most decisions are made by political committees? Sounds like a rhetorical question, but its not. T...
Canada in the World Economy
Why Should I Care? The world you know is globalized. It was not quite that way before. What goes on in Asia affects you more than ever. For example, a strike in a Chinese manufacture in August, can affect the supply of toys in Montreal in December. Explain th...
2 – The Literature Review
Now that you got the green light to go ahead with the project, the next step is to dig into past research, and all sorts of published material, to learn as much as possible on your topic, and the best way to measure your variables. All papers have a literatur...