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 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.
Acceptance into the Bachelor of Business Administration Degree program plus OPMT7701 Calculus for Management
This is a new course and is currently scheduled to be offered for the first time through BCIT Part-time Studies in the
Winter 2022 term.
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
ECON 8550 is offered as a part of the following programs:
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