British Columbia Institute of Technologywww.bcit.ca/study/courses/econ1150

BCIT

ECON 1150 - Economic Issues

Economics Part-time Studies Course

School of Business

Course Details

Presents the influential concepts of both micro and macroeconomics and, in a student-based learning environment, assists you in applying these notions to your career. A professional economist will work with you in discovering the laws of supply and demand, consumer decision-making, producer profit maximization, competition and monopoly regulation in microeconomics. Use of fiscal, monetary and exchange rate policy to influence unemployment, inflation and economic growth is also covered. Familiarization with spreadsheets is strongly recommended for those intending to register in the Internet delivery section.

Credits

3.0

Cost

$475.55 - $482.69 See individual course offerings below for actual costs.

Fall 2018

Below are three offerings of this course for the Fall 2018 term.

CRN 31775

Tue Sep 04 - Sat Nov 24 12 Weeks

Class Meeting Times

Dates Days Times Locations
Sep 04 - Nov 24 Online

Instructor

Gary Fowlie

Course Outline

Cost

$475.55

Notes

  1. Internet delivery format.
  2. Students must submit e-mail address when registering. To be successful in our online courses, plan to spend 7-10 hours per course each week on your studies, starting Week 1. Our courses are paced and highly interactive with participation requirements weekly. This online course is NOT self-paced. You must have an e-mail address and access to a computer capable of downloading basic documents. You are not required to be online at a specific time of the day; however you are required to submit all assignments on their due dates.
  3. Important course information will be sent to you prior to your course start date. Check your myBCIT email account to access this information.

This course offering is full. Please check back next term or subscribe to receive email updates.

Full

CRN 30805

Tue Sep 11 - Tue Nov 27 12 Weeks

Class Meeting Times

Dates Days Times Locations
Sep 11 - Nov 27 Tue 18:30 - 21:30 BBY SE06 Rm. 108

Instructor

Karen Law

Course Outline

TBD – see Learning Outcomes in the interim

Cost

$482.69

This course offering is full. Please check back next term or subscribe to receive email updates.

Full

CRN 30806

Thu Sep 13 - Thu Nov 29 12 Weeks

Class Meeting Times

Dates Days Times Locations
Sep 13 - Nov 29 Thu 18:00 - 21:00 DTC Rm. 481

Instructor

Serge Tarasenko

Course Outline

TBD – see Learning Outcomes in the interim

Cost

$475.55

This course offering is full. Please check back next term or subscribe to receive email updates.

Full

Learning Outcomes

Upon successful completion of the course, the student will be able to:

  • Use standard economic models to solve problems.
  • Define opportunity cost and explain its importance in decision making.
  • Use a standard model of consumer behaviour to demonstrate how people decide amongst many choices given a limited income.
  • Use the model of supply and demand to illustrate how consumers and suppliers interact to determine price and quantity exchanged in the marketplace.
  • Demonstrate the effects of price ceilings, price floors, and taxes on prices and quantities in product markets.
  • Use income and price elasticities to analyze consumer demand for a product or service.
  • Distinguish between explicit and implicit costs.
  • Calculate revenues, costs, and profits.
  • Distinguish between a business's accounting profits and economic profits.
  • Show how the concept of opportunity cost influences business decisions.
  • Differentiate between short-run and long-run production decisions.
  • Demonstrate how businesses use cost analysis to make production and sales decisions.
  • Describe the characteristics of perfectly competitive and imperfectly competitive markets.
  • Demonstrate why a perfectly competitive firm produces an output where price equals marginal cost.
  • Determine the shut-down point.
  • Explain how market structure influences a firm's strategic pricing and production decisions.
  • Evaluate the economic efficiency of various market structures.
  • Explain how globalization and technology have changed the Canadian industrial landscape.
  • Assess the role of government in the marketplace.
  • Describe Canada's recent macroeconomic history.
  • Understand the relationships amongst economic variables such as unemployment, inflation, and real Gross.
  • Domestic Product, and determine how changes in economic variables impact Canadian production.
  • Recognize the role of the Bank of Canada and the banking industry in the Canadian economy.
  • Explain how fiscal and monetary policies affect economic activity, and determine which policy would be most effective in achieving our economic goals.
  • Describe how globalization impacts the Canadian economy.

Effective as of Winter 2007

Related Programs

ECON 1150 is offered as a part of the following programs:

School of Business

  1. Broadcast and Media Communications - Broadcast Journalism
    Part-time   Certificate
  2. Broadcast and Media Communications - Television
    Part-time   Certificate
  3. Financial Management (Financial Planning)
    Part-time   Associate Certificate
  4. Fire Executive Management
    Part-time/Distance & Online Learning   BCIT/Industry Partnership Certificate
  5. Graphic Communications Technology Management
    Full-time   Diploma
  6. Human Resource Management
    Part-time   Certificate
  7. International Trade and Transportation Logistics
    Part-time   Certificate

School of Construction and the Environment

  1. Construction Estimating
    Part-time   Certificate
  2. Geographic Information Systems
    Full-time/Part-time/Distance & Online Learning   Bachelor of Technology
  3. Geomatics
    Full-time   Bachelor of Science

Books & Supplies

The BCIT bookstore carries textbooks, general reference books, software, and stationery. Please visit bcit.ca/bookstore for more information.

Fall 2018

Books for Fall 2018 offerings of this course are available in the following BCIT online bookstores. Please choose the bookstore appropriate for the offering you are considering.

BCIT Downtown Campus Bookstore

If you are taking this course at the BCIT Downtown Campus (DTC), please purchase books for this course at the BCIT Downtown Campus Bookstore.

Image not available
Ebook Economic Issues & Policy Digital Option (180 Days)
Author Brux
Copyright 2016
Binding Digital Version
ISBN 978-1-30544-552-9
Price $64.50
Choose One

Image not available
Economic Issues & Policy
Author Brux
Publisher Cengage
Copyright 2016
Binding Paperback
ISBN 978-1-28544-877-0
Price $137.95
Choose One

BCIT Distance & Online Learning Bookstore

If you are taking this course through either Distance Education or Online Learning, please purchase books for this course at the BCIT Distance & Online Learning Bookstore.

Image not available
Ebook Economic Issues & Policy Digital Option (180 Days)
Author Brux
Copyright 2016
Binding Digital Version
ISBN 978-1-30544-552-9
Price $64.50
Choose One

Image not available
Economic Issues & Policy
Author Brux
Publisher Cengage
Copyright 2016
Binding Paperback
ISBN 978-1-28544-877-0
Price $137.95
Choose One

BCIT Burnaby Bookstore

If you are taking this course, but are not taking it through either Distance Education or Online Learning, nor at the BCIT Downtown Campus (DTC), please purchase books for this course at the BCIT Burnaby Bookstore.

Image not available
Ebook Economic Issues & Policy Digital Option (180 Days)
Author Brux
Copyright 2016
Binding Digital Version
ISBN 978-1-30544-552-9
Price $64.50
Choose One

Image not available
Economic Issues & Policy
Author Brux
Publisher Cengage
Copyright 2016
Binding Paperback
ISBN 978-1-28544-877-0
Price $137.95
Choose One

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