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
$969.57
International fees are typically 3.4 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
Fall 2026
Below is one offering of ECON 5210 for the Fall 2026 term.
CRN 50183
Dates
Sep 08 - Dec 16 Loading
- CRN 50183
- $969.57 Domestic fees
Class meeting times
Duration
15 weeks
Instructor
Richard Miles
Course outline
Course outline TBD — see Learning Outcomes in the interim.
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 7 Exam 2: Nov 11 Final: Dec 16. Exams must be written in person on the dates and times listed above. Online/hybrid with in-person exams held on the Burnaby campus and asynchronous delivery with weekly optional Zoom meeting Q&A's.
Confirmation
Required
To proceed with registration and add this course to the cart, please confirm:
Status
Programs and courses are subject to change without notice. Find out more about BCIT course cancellations.