Course Overview
This course provides the student with a theoretical and applied comprehension to fundamental principles of microeconomics and macroeconomics. It encompasses the basis of the economic way of thinking, the operation of markets, the role of government, and a firms’ profit maximizing decisions as it operates in an environment with varying levels of competition and costs. It includes the examination of economic statistics, the forces that determine national income and international trade flows, and the role of monetary and fiscal policies. This course qualifies as a prerequisite for entrance into the Chartered Professional Accountant (CPA) Professional Education Program (PEP).
Prerequisite(s)
- No prerequisites are required for this course.
Credits
4.0
Domestic fees
$967.74
International fees are typically 3.25 times the domestic tuition. Exact cost will be calculated upon completion of registration.
Learning Outcomes
Upon successful completion of this course, the student will be able to:
Microeconomics
- Analyze the basic economic problem of scarcity, choice, and opportunity cost.
- Evaluate gains from trade.
- Differentiate the operation of the market forces of supply and demand.
- Evaluate and analyze the competitive environment for business and its impacts on profits and costs.
- Evaluate and analyze the impacts of government regulations and policies on industry and markets.
- Assess capital markets and their relationship to investor decision making.
Macroeconomics
- Compare and analyze important economic statistics.
- Assess changes in aggregate demand and aggregate supply and the resultant changes to economic statistics.
- Analyze commercial banking and its role in lending and deposit creation.
- Compare and contrast open versus closed economies and benefits and costs of international trade.
- Evaluate exchange rate determination and the impacts on open economy economic statistics.
- Analyze the relationships between productivity growth, growth of national income, and standards of living.
Effective as of Winter 2023
Related Programs
Economics (ECON 5210) is offered as a part of the following programs:
- Indicates programs accepting international students.
School of Business + Media
- Professional Accounting
Advanced Diploma Full-time/Part-time
Course Offerings
Spring/Summer 2026
Below is one offering of ECON 5210 for the Spring/Summer 2026 term.
CRN 68758
Dates
Apr 22 - Jul 29 Loading
- CRN 68758
- $967.74 Domestic fees
Class meeting times
Duration
15 weeks
Instructor
Richard Miles
Course outline
Important information
- The following dates will be HELD IN-CLASS at the Burnaby Campus: Exam 1: May 20 Exam 2: June 24 Final: July 29 This is not a self-paced course. You will be expected to be available and online on the posted days and times shown on your registration schedule. It is important you have a stable and consistent internet connection to access course content. Course content, type and quality of assignments, and general standards for this online course are the same as classroom courses. To be successful in this online course, plan to spend 7-10 hours per week on your studies, or more of it’s a condensed course, starting Week 1. Important course information will be sent to your myBCIT account prior to your course start date. This course fulfills the CPA requirements for Economics. This course CANNOT be transferred into any programs at BCIT. The course code for Economics, ACCG 5200, was recently amended to ECON 5210, and the course content remains unchanged
Confirmation
Required
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Status
Programs and courses are subject to change without notice. Find out more about BCIT course cancellations.