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
- Departmental approval needed
-
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
- Business Management - Advanced Diploma
Advanced Diploma Full-time/Part-time
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Programs and courses are subject to change without notice.