Course description

This course provides an overview of Canadian micro- and macroeconomics. Topics include:

  • the theory of supply and demand
  • competitive markets
  • costs curves
  • production choices and costs
  • characteristics of monopolies and oligopolies
  • economic efficiency in the allocation of resources and markets
  • national output and determinants of gross national product
  • investment, money, prices and inflation
  • goals of economic policy
  • international trade

Learning objectives

  • Understand the common principles of economics and be able to use them in analyzing economic policy.
  • Understand how macroeconomic policies influence microeconomic decisions.
  • Identify and evaluate the major economic decision makers.
  • Understand the major economic systems and how they interact internationally.
  • Evaluate government and business economic policy decisions.
  • Understand the role of economics in business and personal decision-making.

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