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Economic Issues ECON 1150

Economics Part-time Studies Course

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

$488.49 - $514.38 See individual course offerings below for actual costs.

Course offerings

Fall 2022

Below are three offerings of ECON 1150 for the Fall 2022 term.

CRN 46391

Duration

Tue Sep 06 - Sat Nov 26 (12 weeks)

  • 12 weeks
  • CRN 46391
  • $488.49
Class meeting times
Dates Days Times Locations
Sep 06 - Nov 26 N/A N/A Online
Instructor

Charlene Richter

Course outline

Course outline TBD — see Learning Outcomes in the interim.

Credits

3

Cost

$488.49

Important information
  1. Internet delivery format.
  2. 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

CRN 30806

Duration

Thu Sep 15 - Thu Dec 01 (12 weeks)

  • 12 weeks
  • CRN 30806
  • $514.38
Class meeting times
Dates Days Times Locations
Sep 15 - Dec 01 Thu 18:00 - 21:00 Downtown DTC Rm. 481
Instructor

Serge Tarasenko

Course outline

Course outline TBD — see Learning Outcomes in the interim.

Credits

3

Cost

$514.38

Status

CRN 31775

Duration

Tue Sep 06 - Sat Nov 26 (12 weeks)

  • 12 weeks
  • CRN 31775
  • $488.49
Class meeting times
Dates Days Times Locations
Sep 06 - Nov 26 N/A N/A Online
Instructor

Gary Fowlie

Course outline

View

Credits

3

Cost

$488.49

Important information
  1. Internet delivery format.
  2. Important course information will be sent to you prior to your course start date. Check your myBCIT email account to access this information.
  3. 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

Full

This course offering is full. Please check this page for other currently available offerings 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

  1. Financial Management (Financial Planning)
    Associate Certificate Part-time
  2. Fire Executive Management
    BCIT/Industry Partnership Certificate Part-time
  3. Graphic Communications Technology Management
    Diploma Full-time
  4. Human Resource Management
    Certificate Part-time
  5. International Trade and Transportation Logistics
    Certificate Part-time

School of Construction and the Environment

  1. Construction Estimating
    Certificate Part-time
  2. Geographic Information Systems
    Bachelor of Technology Full-time/Part-time
  3. Geomatics
    Bachelor of Science Full-time

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