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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

$897.40

Course offerings

Winter 2023

Below is one offering of ECON 5210 for the Winter 2023 term.

CRN 90782

Duration

Wed Jan 04 - Wed Apr 12 (15 weeks)

  • 15 weeks
  • CRN 90782
  • $897.40
Class meeting times
Dates Days Times Locations
Jan 04 - Jan 25 Wed 18:00 - 22:00 Online
Feb 01 Wed 18:00 - 22:00 Burnaby SE06 Rm. 205
Feb 08 - Mar 01 Wed 18:00 - 22:00 Online
Mar 08 Wed 18:00 - 22:00 Burnaby SE06 Rm. 205
Mar 15 - Apr 05 Wed 18:00 - 22:00 Online
Apr 12 Wed 18:00 - 22:00 Burnaby SE06 Rm. 205
Instructor

Richard Miles

Course outline

Course outline TBD — see Learning Outcomes in the interim.

Cost

$897.40

Important information
  1. The following dates will be HELD IN-CLASS at the Burnaby Campus: Exam 1: February 1st Exam 2: March 8th Final: April 12th 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
Status

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

  1. Professional Accounting
    Advanced Diploma Full-time/Part-time

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