Code: BMBA230
Apply this course towards: Business Administration – Certificate, Business Administration – Diploma

Course description

This course introduces learners to economics and provides an overview of Canadian microeconomics and macroeconomics. The course covers basic concepts related to demand and supply, opportunity cost, scarcity, elasticity, and how resources are allocated in the economy. Other topics include market structures, gross domestic product, inflation, unemployment, fiscal policy and monetary policy. 

View sample course outline (PDF). 

Learning objectives

Students completing this course will be able to:

  • Articulate economic principles and concepts using reflective journals, graphs and calculations
  • Participate in weekly discussions related to economic issues and real-world phenomena
  • Illustrate how firms make profit-maximizing decisions under different market structures
  • Demonstrate the relationship between key macroeconomic variables such as gross domestic product, unemployment and inflation
  • Explain how fiscal and monetary policies are used by the government to stimulate the economy 

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