- International Fees
International fees are typically 3.12 times the domestic tuition. Exact cost will be calculated upon completion of registration.
Course Overview
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.
Prerequisite(s)
- No prerequisites are required for this course.
Credits
3.0
Domestic fees
$521.49 - $563.53 See individual course offerings below for actual costs.
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
Economic Issues (ECON 1150) is offered as a part of the following programs:
- Indicates programs accepting international students.
- Indicates programs with a co-op option.
School of Business + Media
- Financial Management (Financial Planning)
Associate Certificate Part-time
- Fire Executive Management
BCIT/Industry Partnership Certificate Part-time
- Human Resource Management
Certificate Part-time
- International Trade and Transportation Logistics
Certificate Part-time
School of Construction and the Environment
- Construction Estimating
Certificate Part-time
- Geographic Information Systems
Bachelor of Technology Full-time/Part-time
- Geomatics
Bachelor of Science Full-time
Course Offerings
Fall 2024
Below are seven offerings of ECON 1150 for the Fall 2024 term.
CRN 30805
Dates
Tue Sep 10 - Tue Nov 26
- 12 weeks
- CRN 30805
- Domestic fees $563.53
Status
In Progress
This course offering is in progress. Please check this page for other currently available offerings or subscribe to receive email updates.
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| Sep 10 - Nov 26 | Tue | 18:30 - 21:30 | Burnaby SW01 Rm. 2010 |
Instructor
Edward Kwok
Course outline
Important information
- Important course information will be sent to you prior to your course start date. Check your myBCIT email account to access this information.
- International fees are typically 3.12 times the domestic tuition. Exact cost will be calculated upon completion of registration.
- HYBRID: This course will be offered 50% in person - on campus and 50% synchronously online. The instructor will provide class details in the course outline.
CRN 31775
Dates
Tue Sep 10 - Sat Nov 30
- 12 weeks
- CRN 31775
- Domestic fees $521.49
Status
In Progress and Full
This course offering is in progress and full. Please check this page for other currently available offerings or subscribe to receive email updates.
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| Sep 10 - Nov 30 | N/A | N/A | Online |
Instructor
William Shen
Course outline
Important information
- Internet delivery format.
- Important course information will be sent to you prior to your course start date. Check your myBCIT email account to access this information.
- International fees are typically 3.12 times the domestic tuition. Exact cost will be calculated upon completion of registration.
- 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.
CRN 46391
Dates
Tue Sep 10 - Sat Nov 30
- 12 weeks
- CRN 46391
- Domestic fees $521.49
Status
In Progress
This course offering is in progress. Please check this page for other currently available offerings or subscribe to receive email updates.
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| Sep 10 - Nov 30 | N/A | N/A | Online |
Instructor
Charlene Richter
Course outline
Important information
- Internet delivery format.
- Important course information will be sent to you prior to your course start date. Check your myBCIT email account to access this information.
- International fees are typically 3.12 times the domestic tuition. Exact cost will be calculated upon completion of registration.
- Check your myBCIT email account or log in to the Learning Hub to access this information. Students must have an e-mail address and access to a computer capable of handling basic documents. This is an asynchronous course. Students are not required to be online at specific times, however, students are strongly encouraged to submit assignments and quizzes by their due dates. Students are required to have the Mankiw textbook with online resource MindTap, which is available from the BCIT bookstore or direct from the publisher. If you have any questions about the course, please feel free to contact the instructor at Charlene_Richter@bcit.ca prior to registering.
CRN 51355
Dates
Tue Sep 10 - Tue Nov 26
- 12 weeks
- CRN 51355
- Domestic fees $563.53
Status
In Progress
This course offering is in progress. Please check this page for other currently available offerings or subscribe to receive email updates.
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| Sep 10 - Nov 26 | Tue | 18:30 - 21:30 | Burnaby NE01 Rm. 405 |
Instructor
Camlon Chau
Course outline
Important information
- International fees are typically 3.12 times the domestic tuition. Exact cost will be calculated upon completion of registration.
- HYBRID: This course will be offered 50% in person - on campus and 50% synchronously online. The instructor will provide class details in the course outline.
CRN 51401
Dates
Tue Sep 10 - Sat Nov 30
- 12 weeks
- CRN 51401
- Domestic fees $521.49
Status
In Progress and Full
This course offering is in progress and full. Please check this page for other currently available offerings or subscribe to receive email updates.
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| Sep 10 - Nov 30 | N/A | N/A | Online |
Instructor
Michael Atkinson
Course outline
Important information
- Internet delivery format.
- International fees are typically 3.12 times the domestic tuition. Exact cost will be calculated upon completion of registration.
- 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.
CRN 30806
Dates
Thu Sep 12 - Thu Nov 28
- 12 weeks
- CRN 30806
- Domestic fees $549.24
Status
In Progress
This course offering is in progress. Please check this page for other currently available offerings or subscribe to receive email updates.
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| Sep 12 - Nov 28 | Thu | 18:00 - 21:00 | Downtown DTC Rm. 481 |
Instructor
Serge Tarasenko
Course outline
Important information
- Important course information will be sent to you prior to your course start date. Check your myBCIT email account to access this information.
- International fees are typically 3.12 times the domestic tuition. Exact cost will be calculated upon completion of registration.
- HYBRID: This course will be offered 50% in person - on campus and 50% synchronously online. The instructor will provide class details in the course outline.
CRN 51474
Dates
Thu Sep 12 - Thu Nov 28
- 12 weeks
- CRN 51474
- Domestic fees $563.53
Status
In Progress
This course offering is in progress. Please check this page for other currently available offerings or subscribe to receive email updates.
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| Sep 12 - Nov 28 | Thu | 18:00 - 21:00 | Burnaby NE01 Rm. 412 |
Instructor
Rouzbeh Ghouchani
Course outline
Important information
- International fees are typically 3.12 times the domestic tuition. Exact cost will be calculated upon completion of registration.
- HYBRID: This course will be offered 50% in person - on campus and 50% synchronously online. The instructor will provide class details in the course outline.
Winter 2025
Below are nine offerings of ECON 1150 for the Winter 2025 term.
CRN 71616
Dates
Tue Jan 07 - Sat Mar 29
- 12 weeks
- CRN 71616
- Domestic fees $548.26
Status
Seats Available
2 seats remaining as of Thu November 7, 2024 at 10:53 am (PST). Availability may change at any time.
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| Jan 07 - Mar 29 | N/A | N/A | Online |
Instructor
Charlene Richter
Course outline
Course outline TBD — see Learning Outcomes in the interim.
Important information
- Internet delivery format.
- Important course information will be sent to you prior to your course start date. Check your myBCIT email account to access this information.
- International fees are typically 3.12 times the domestic tuition. Exact cost will be calculated upon completion of registration.
- Check your myBCIT email account or log in to the Learning Hub to access this information. Students must have an e-mail address and access to a computer capable of handling basic documents. This is an asynchronous course. Students are not required to be online at specific times, however, students are strongly encouraged to submit assignments and quizzes by their due dates. Students are required to have the Mankiw textbook with online resource MindTap, which is available from the BCIT bookstore or direct from the publisher. If you have any questions about the course, please feel free to contact the instructor at Charlene_Richter@bcit.ca prior to registering.
CRN 92719
Dates
Tue Jan 07 - Sat Mar 29
- 12 weeks
- CRN 92719
- Domestic fees $548.26
Status
Seats Available
This course offering has seats available.
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| Jan 07 - Mar 29 | N/A | N/A | Online |
Instructor
Camlon Chau
Course outline
Course outline TBD — see Learning Outcomes in the interim.
Important information
- Internet delivery format.
- Important course information will be sent to you prior to your course start date. Check your myBCIT email account to access this information.
- International fees are typically 3.12 times the domestic tuition. Exact cost will be calculated upon completion of registration.
- 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. Is online learning for you? Please take a look at our FAQ pages www.bcit.ca/distance/faq.shtml and www.bcit.ca/distance/foryou.shtml
CRN 16418
Dates
Tue Jan 07 - Tue Mar 25
- 12 weeks
- CRN 16418
- Domestic fees $563.53
Status
Full
This course offering is full. Please check this page for other currently available offerings or subscribe to receive email updates.
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| Jan 07 - Mar 25 | Tue | 18:30 - 21:30 | Burnaby SE06 Rm. 108 |
Instructor
Camlon Chau
Course outline
Course outline TBD — see Learning Outcomes in the interim.
Important information
- Important course information will be sent to you prior to your course start date. Check your myBCIT email account to access this information.
- International fees are typically 3.12 times the domestic tuition. Exact cost will be calculated upon completion of registration.
- HYBRID: This course will be offered 50% in person - on campus and 50% synchronously online. ***Please note that the first class will be held on campus*** The instructor will provide class details in the course outline.
CRN 40013
Dates
Tue Jan 07 - Sat Mar 29
- 12 weeks
- CRN 40013
- Domestic fees $548.26
Status
Full
This course offering is full. Please check this page for other currently available offerings or subscribe to receive email updates.
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| Jan 07 - Mar 29 | N/A | N/A | Online |
Instructor
Charlene Richter
Course outline
Course outline TBD — see Learning Outcomes in the interim.
Important information
- Internet delivery format.
- Important course information will be sent to you prior to your course start date. Check your myBCIT email account to access this information.
- International fees are typically 3.12 times the domestic tuition. Exact cost will be calculated upon completion of registration.
- Check your myBCIT email account or log in to the Learning Hub to access this information. Students must have an e-mail address and access to a computer capable of handling basic documents. This is an asynchronous course. Students are not required to be online at specific times, however, students are strongly encouraged to submit assignments and quizzes by their due dates. Students are required to have the Mankiw textbook with online resource MindTap, which is available from the BCIT bookstore or direct from the publisher. If you have any questions about the course, please feel free to contact the instructor at Charlene_Richter@bcit.ca prior to registering.
CRN 92360
Dates
Tue Jan 07 - Sat Mar 29
- 12 weeks
- CRN 92360
- Domestic fees $548.26
Status
Full
This course offering is full. Please check this page for other currently available offerings or subscribe to receive email updates.
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| Jan 07 - Mar 29 | N/A | N/A | Online |
Instructor
William Shen
Course outline
Course outline TBD — see Learning Outcomes in the interim.
Important information
- Internet delivery format.
- Important course information will be sent to you prior to your course start date. Check your myBCIT email account to access this information.
- International fees are typically 3.12 times the domestic tuition. Exact cost will be calculated upon completion of registration.
- 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. Is online learning for you? Please take a look at our FAQ pages www.bcit.ca/distance/faq.shtml and www.bcit.ca/distance/foryou.shtml
CRN 92704
Dates
Tue Jan 07 - Sat Mar 29
- 12 weeks
- CRN 92704
- Domestic fees $548.26
Status
Full
This course offering is full. Please check this page for other currently available offerings or subscribe to receive email updates.
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| Jan 07 - Mar 29 | N/A | N/A | Online |
Instructor
Rouzbeh Ghouchani
Course outline
Course outline TBD — see Learning Outcomes in the interim.
Important information
- Internet delivery format.
- Important course information will be sent to you prior to your course start date. Check your myBCIT email account to access this information.
- International fees are typically 3.12 times the domestic tuition. Exact cost will be calculated upon completion of registration.
- 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. Is online learning for you? Please take a look at our FAQ pages www.bcit.ca/distance/faq.shtml and www.bcit.ca/distance/foryou.shtml
CRN 92379
Dates
Wed Jan 08 - Wed Mar 26
- 12 weeks
- CRN 92379
- Domestic fees $563.53
Status
Full
This course offering is full. Please check this page for other currently available offerings or subscribe to receive email updates.
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| Jan 08 - Mar 26 | Wed | 18:30 - 21:30 | Burnaby SW03 Rm. 2765 |
Instructor
Edward Kwok
Course outline
Course outline TBD — see Learning Outcomes in the interim.
Important information
- Important course information will be sent to you prior to your course start date. Check your myBCIT email account to access this information.
- International fees are typically 3.12 times the domestic tuition. Exact cost will be calculated upon completion of registration.
- HYBRID: This course will be offered 50% in person - on campus and 50% synchronously online. ***Please note that the first class will be held on campus*** The instructor will provide class details in the course outline.
CRN 92711
Dates
Wed Jan 08 - Wed Mar 26
- 12 weeks
- CRN 92711
- Domestic fees $563.53
Status
Full
This course offering is full. Please check this page for other currently available offerings or subscribe to receive email updates.
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| Jan 08 - Mar 26 | Wed | 18:00 - 21:00 | Burnaby SE06 Rm. 103 |
Instructor
Serge Tarasenko
Course outline
Course outline TBD — see Learning Outcomes in the interim.
Important information
- Important course information will be sent to you prior to your course start date. Check your myBCIT email account to access this information.
- International fees are typically 3.12 times the domestic tuition. Exact cost will be calculated upon completion of registration.
- HYBRID: This course will be offered 50% in person - on campus and 50% synchronously online. ***Please note that the first class will be held on campus*** The instructor will provide class details in the course outline.
CRN 92378
Dates
Thu Jan 09 - Thu Mar 27
- 12 weeks
- CRN 92378
- Domestic fees $563.53
Status
Full
This course offering is full. Please check this page for other currently available offerings or subscribe to receive email updates.
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| Jan 09 - Mar 27 | Thu | 18:30 - 21:30 | Burnaby SW05 Rm. 2895 |
Instructor
Rouzbeh Ghouchani
Course outline
Course outline TBD — see Learning Outcomes in the interim.
Important information
- Important course information will be sent to you prior to your course start date. Check your myBCIT email account to access this information.
- International fees are typically 3.12 times the domestic tuition. Exact cost will be calculated upon completion of registration.
- HYBRID: This course will be offered 50% in person - on campus and 50% synchronously online. ***Please note that the first class will be held on campus*** The instructor will provide class details in the course outline.
Programs and courses are subject to change without notice.