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Course details

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

Cost

$640.73

Course offerings

Spring/Summer 2023

Below is one offering of ECON 5000 for the Spring/Summer 2023 term.

CRN 63943

Duration

Wed Apr 26 - Wed Jul 12 (12 weeks)

  • 12 weeks
  • CRN 63943
  • $640.73
Class meeting times
Dates Days Times Locations
Apr 26 - Jul 12 Wed 18:00 - 21:45 Burnaby SW01 Rm. 3150
Instructor

Jackie Li

Course outline

Course outline TBD — see Learning Outcomes in the interim.

Cost

$640.73

Important information
  1. Departmental approval needed
  2. 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 from 1800-2000.
Status

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:

School of Business + Media

  1. Business Management - Advanced Diploma
    Advanced Diploma Full-time/Part-time

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