Economics for Canadian Business

This course introduces students to the study of economics examining how countries, businesses, and individuals tackle the problem of scarce resources in order to satisfy needs and wants. The course introduces economic principles such as opportunity cost, demand, supply and the function of markets, and government intervention in markets. The course emphasizes macroeconomic topics such as unemployment, inflation, economic growth, determination of national income, money and banking, and government fiscal and monetary policy with an emphasis on the Canadian economy. The course also introduces microeconomics of cost and profit for firms in perfect and imperfect competition.