Macroeconomics studies the economy as a whole. The issues it covers include: Why are some countries much richer than others? Why do most Canadians live much better than their ancestors? Why are there recessions in economic activity? What are the causes of inflation and unemployment? What are the consequences of opening up trade and investment with the rest of the world? This course develops a series of models to answer these and similar questions. *ECO202Y5 is not open to Commerce students in Fall/Winter