- International Fees
International fees are typically three times the amount of domestic fees. Exact cost will be calculated upon completion of registration.
Course details
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
Cost
$900.51
Course offerings
Fall 2023
Below is one offering of ECON 5210 for the Fall 2023 term.
CRN 50183
Duration
Tue Sep 12 - Wed Dec 20 (15 weeks)
- 15 weeks
- CRN 50183
- $900.51
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| Sep 12 - Dec 20 | N/A | N/A | Online |
| Oct 11 | Wed | 18:00 - 21:00 | Burnaby SW03 Rm. 2620 |
| Nov 15 | Wed | 18:00 - 21:00 | Burnaby SE06 Rm. 203 |
| Dec 18 | Mon | 18:00 - 21:00 | Burnaby SE06 Rm. 203 |
Instructor
Richard Miles
Course outline
Cost
$900.51
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.
-
The following dates will be HELD IN-CLASS at the Burnaby Campus: Exam 1: Oct 11 Exam 2: Nov 15 Final: Dec 13. Online/hybrid with in-person exams held on the Burnaby campus and asynchronous delivery with weekly optional Zoom meeting Q&A's.
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 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:
School of Business + Media
- Professional Accounting
Advanced Diploma Full-time/Part-time
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Programs and courses are subject to change without notice.