Course details
Presents the influential concepts of both micro and macroeconomics and, in a student-based learning environment, assists you in applying these notions to your career. A professional economist will work with you in discovering the laws of supply and demand, consumer decision-making, producer profit maximization, competition and monopoly regulation in microeconomics. Use of fiscal, monetary and exchange rate policy to influence unemployment, inflation and economic growth is also covered. Familiarization with spreadsheets is strongly recommended for those intending to register in the Internet delivery section.
Prerequisite(s)
- No prerequisites are required for this course.
Credits
3.0
Cost
$499.07 - $539.93 See individual course offerings below for actual costs.
Course offerings
Fall 2023
Below are four offerings of ECON 1150 for the Fall 2023 term.
CRN 30805
Duration
Tue Sep 12 - Tue Nov 28 (12 weeks)
- 12 weeks
- CRN 30805
- $539.93
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| Sep 12 - Nov 28 | Tue | 18:30 - 21:30 | Burnaby SE06 Rm. 108 |
Instructor
Karen Law
Course outline
Credits
3
Cost
$539.93
Important information
- Important course information will be sent to you prior to your course start date. Check your myBCIT email account to access this information.
-
HYBRID: This course will be offered 50% in person - on campus and 50% synchronously online. The instructor will provide class details in the course outline.
Status
In Progress
This course offering is in progress. Please check back next term or subscribe to receive email updates.
CRN 31775
Duration
Tue Sep 12 - Sat Dec 02 (12 weeks)
- 12 weeks
- CRN 31775
- $499.07
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| Sep 12 - Dec 02 | N/A | N/A | Online |
Instructor
William Shen
Course outline
Credits
3
Cost
$499.07
Important information
- Internet delivery format.
- Important course information will be sent to you prior to your course start date. Check your myBCIT email account to access this information.
-
Students must submit e-mail address when registering. To be successful in our online courses, plan to spend 7-10 hours per course each week on your studies, starting Week 1. Our courses are paced and highly interactive with participation requirements weekly. This online course is NOT self-paced. You must have an e-mail address and access to a computer capable of downloading basic documents. You are not required to be online at a specific time of the day; however you are required to submit all assignments on their due dates.
Status
In Progress
This course offering is in progress. Please check back next term or subscribe to receive email updates.
CRN 46391
Duration
Tue Sep 12 - Sat Dec 02 (12 weeks)
- 12 weeks
- CRN 46391
- $499.07
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| Sep 12 - Dec 02 | N/A | N/A | Online |
Instructor
Charlene Richter
Course outline
Course outline TBD — see Learning Outcomes in the interim.
Credits
3
Cost
$499.07
Important information
- Internet delivery format.
- Important course information will be sent to you prior to your course start date. Check your myBCIT email account to access this information.
-
Check your myBCIT email account or log in to the Learning Hub to access this information. Students must have an e-mail address and access to a computer capable of handling basic documents. This is an asynchronous course. Students are not required to be online at specific times, however, students are strongly encouraged to submit assignments and quizzes by their due dates. Students are required to have the Mankiw textbook with online resource MindTap, which is available from the BCIT bookstore or direct from the publisher. If you have any questions about the course, please feel free to contact the instructor at Charlene_Richter@bcit.ca prior to registering.
Status
In Progress
This course offering is in progress. Please check back next term or subscribe to receive email updates.
CRN 30806
Duration
Thu Sep 14 - Thu Nov 30 (12 weeks)
- 12 weeks
- CRN 30806
- $526.18
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| Sep 14 - Nov 30 | Thu | 18:00 - 21:00 | Downtown DTC Rm. 481 |
Instructor
Serge Tarasenko
Course outline
Credits
3
Cost
$526.18
Important information
- Important course information will be sent to you prior to your course start date. Check your myBCIT email account to access this information.
Status
In Progress
This course offering is in progress. Please check back next term or subscribe to receive email updates.
Learning Outcomes
Upon successful completion of the course, the student will be able to:
- Use standard economic models to solve problems.
- Define opportunity cost and explain its importance in decision making.
- Use a standard model of consumer behaviour to demonstrate how people decide amongst many choices given a limited income.
- Use the model of supply and demand to illustrate how consumers and suppliers interact to determine price and quantity exchanged in the marketplace.
- Demonstrate the effects of price ceilings, price floors, and taxes on prices and quantities in product markets.
- Use income and price elasticities to analyze consumer demand for a product or service.
- Distinguish between explicit and implicit costs.
- Calculate revenues, costs, and profits.
- Distinguish between a business's accounting profits and economic profits.
- Show how the concept of opportunity cost influences business decisions.
- Differentiate between short-run and long-run production decisions.
- Demonstrate how businesses use cost analysis to make production and sales decisions.
- Describe the characteristics of perfectly competitive and imperfectly competitive markets.
- Demonstrate why a perfectly competitive firm produces an output where price equals marginal cost.
- Determine the shut-down point.
- Explain how market structure influences a firm's strategic pricing and production decisions.
- Evaluate the economic efficiency of various market structures.
- Explain how globalization and technology have changed the Canadian industrial landscape.
- Assess the role of government in the marketplace.
- Describe Canada's recent macroeconomic history.
- Understand the relationships amongst economic variables such as unemployment, inflation, and real Gross.
- Domestic Product, and determine how changes in economic variables impact Canadian production.
- Recognize the role of the Bank of Canada and the banking industry in the Canadian economy.
- Explain how fiscal and monetary policies affect economic activity, and determine which policy would be most effective in achieving our economic goals.
- Describe how globalization impacts the Canadian economy.
Effective as of Winter 2007
Related Programs
Economic Issues (ECON 1150) is offered as a part of the following programs:
School of Business + Media
- Financial Management (Financial Planning)
Associate Certificate Part-time
- Fire Executive Management
BCIT/Industry Partnership Certificate Part-time
- Human Resource Management
Certificate Part-time
- International Trade and Transportation Logistics
Certificate Part-time
School of Construction and the Environment
- Construction Estimating
Certificate Part-time
- Geographic Information Systems
Bachelor of Technology Full-time/Part-time
- Geomatics
Bachelor of Science Full-time
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Programs and courses are subject to change without notice.