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ECON 5001

Economics is a social science with the central purpose of studying the allocation of scarce resources among alternative competing uses. The purpose of this course is to introduce students to basic analytical principles and to provide tools of analysis that can be used to understand economic phenomena, issues and policies. Macroeconomics deals with the determination of economic aggregates such as levels of national output, consumption, investment, employment and the average level and the rate of change of all prices. This course will also look at how government policies will influence aggregate economic behaviour and performance.