BCIT is planning for a substantial return to on-campus activity for the fall 2021 term as informed by BC Public Health Officer guidelines. Refer to each course listing for 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.
This course isn't currently offered through BCIT Part-time Studies. Please check back next term or subscribe to receive email updates.
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
ECON 5000 is offered as a part of the following programs:
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