Course details
This course examines the use of economics, decision theory and business problems. Uses case studies to accounting/finance tools by managers facing various problems. The course will consider how the internal and external operating environment impacts a manager's resource allocation decisions.
Prerequisite(s)
- 50% in OPMT 7701
Credits
4.0
- Not offered this term
- This course is not offered this term through BCIT Part-time Studies. Please check back next term or subscribe to receive email updates.
Learning Outcomes
Upon successful completion of this course, the student will be able to:
- Explain a consumer's and firm's decision-making processes.
- Classify various Canadian industries according to market structure.
- Assess how market structure determines firm behaviour.
- Use algebra and calculus to solve standard economic models.
- Use the results from economics models to facilitate production and marketing decisions in business.
- Assess how firms have been successful in dealing with major Canadian industrial issues.
- Analyze current economic issues in a team setting.
- Evaluate the impact of different microeconomic events on various Canadian industries.
- Use economic models to illustrate the effects of political and economic events.
Effective as of Winter 2022
Related Programs
Managerial Economics (ECON 8550) is offered as a part of the following programs:
School of Business + Media
- Bachelor of Business Administration
Bachelor of Business Administration Full-time/Part-time
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