Course Overview
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
Registration requirements
Departmental approval is required to register for this course. You must have approval from the department to register. Students accepted into a program can register directly.
Domestic fees
$945.03
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:
- 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:
- Indicates programs accepting international students.
- Indicates programs eligible for students to apply for Post-graduation Work Permit (PGWP).
School of Business + Media
- Bachelor of Business Administration
Bachelor of Business Administration Full-time/Part-time
Course Offerings
Fall 2026
Below is one offering of ECON 8550 for the Fall 2026 term.
CRN 51310
Dates
Sep 08 - Dec 15 Loading
- CRN 51310
- $945.03 Domestic fees
Class meeting times
Duration
15 weeks
Instructor
Charlene Richter
Course outline
Important information
- Enrollment restricted to students accepted into the Flexible Learning (formerly Part-Time) BBA Degree Program. For approval, please email your name and student ID to bba@bcit.ca. This is an online course with no weekly face-to-face with the instructor at a given time. However, assignments will have specific due dates, and exams are written at the Burnaby campus on the dates listed above.
Confirmation
Required
To proceed with registration and add this course to the cart, please confirm:
No approval yet? Request approval You must have approval from the department to register. Students accepted into a program can register directly.
Status
If you have any questions about this course, please contact us.
Programs and courses are subject to change without notice. Find out more about BCIT course cancellations.