- International Fees
International fees are typically 3.25 times the domestic tuition. Exact cost will be calculated upon completion of registration.
Course Overview
This course focuses on the issues of resource allocation within a business. Students will examine how managers can utilize the tools of economics, accounting/finance, and decision theory to aid in these critical decisions. The course will consider how differences and changes in the internal operating conditions and in the external political-economic environment can affect a manager's resource allocation decisions. Topics include incremental analysis, short- and long-run decision-making and basic financial analysis.
Prerequisite(s)
- No prerequisites are required for this course.
Credits
3.0
Domestic fees
$695.35
Learning Outcomes
Upon successful completion, the student will be able to:
- Articulate key concepts of managerial economics.
- Use cost analysis to make effective business decisions.
- Discuss and apply models of supply and demand.
- Apply the cost-benefit principle to solve business problems.
- Analyze the impact of internal operating conditions and the external political/economic environment in resource allocation decisions.
- Assess business problems to determine effective application of tools from the fields of economics, accounting/finance, and decision theory.
Effective as of Fall 2014
Related Programs
Managerial Economics (ECON 5000) is offered as a part of the following programs:
- Indicates programs accepting international students.
School of Business + Media
- Business Management - Advanced Diploma
Advanced Diploma Full-time/Part-time
Course Offerings
Spring/Summer 2026
Below is one offering of ECON 5000 for the Spring/Summer 2026 term.
CRN 63943
Dates
Apr 29 - Jul 22 Loading
- CRN 63943
- $695.35 Domestic fees
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| Apr 29 - Jul 22 | Wed | 18:00 - 21:45 | Burnaby SW01 Rm. 3190 |
Duration
12 weeks
Instructor
Anurag Pandey
Course outline
Course outline TBD — see Learning Outcomes in the interim.
Important information
- Departmental approval needed
- International fees are typically 3.25 times the domestic tuition. Exact cost will be calculated upon completion of registration.
- This course is restricted to students enrolled in the Advanced Diploma in Business Management. For registration approval, please email your name and student ID to advdip@bcit.ca. This is a hybrid course. Lecture content will be provided asynchronously, and labs will be held on Wednesday evenings at the Burnaby campus. No class on July 1st due to the stat holiday.
Status
Programs and courses are subject to change without notice.