Focus on the power and limitations of macroeconomic policy in promoting long term growth and in stabilizing short run fluctuations. Topics include the determination of output, employment, investment, inflation, interest rate, balance of payments, and the exchange rate. Analysis of the local and global economic consequences of fiscal and monetary policies implemented by governments. An examination of the actual conduct of fiscal and monetary policy by governments will place the Canadian experience in a comparative perspective.
Source: University of Ottawa Graduate Calendar, January 2014, at http://portal.publicpolicy.utoronto.ca/en/Courses/UniversityofOttawa/OttawaGradCalendar/Pages/default.aspx.
Source for the course outline below: http://ssms.socialsciences.uottawa.ca/vfs/.horde/offre_cours/syllabus/00134816910_API5125C.pdf (accessed 8 January 2014)