- International Fees
International fees are typically three times the amount of domestic fees. Exact cost will be calculated upon completion of registration.
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.
Prerequisite(s)
- No prerequisites are required for this course.
Credits
3.0
Domestic fees
$510.65 - $548.96 See individual course offerings below for actual costs.
Course offerings
Spring/Summer 2024
Below are five offerings of ECON 1150 for the Spring/Summer 2024 term.
CRN 25985
Duration
Tue Apr 09 - Sat Jun 29 (12 weeks)
- 12 weeks
- CRN 25985
- Domestic fees $510.65International fees are typically three times the amount of domestic fees.
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| Apr 09 - Jun 29 | N/A | N/A | Online |
Instructor
William Shen
Course outline
Credits
3
Domestic fees
$510.65
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 three times the amount of domestic fees. Exact cost will be calculated upon completion of registration.
-
Students must submit email 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. Frequent contributions to asynchronous (not real time) online discussions is required to achieve a passing final grade. 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
Status
In Progress and Full
This course offering is in progress and full. Please check back next term or subscribe to receive email updates.
CRN 66553
Duration
Tue Apr 09 - Sat Jun 29 (12 weeks)
- 12 weeks
- CRN 66553
- Domestic fees $510.65International fees are typically three times the amount of domestic fees.
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| Apr 09 - Jun 29 | N/A | N/A | Online |
Instructor
Charlene Richter
Course outline
Credits
3
Domestic fees
$510.65
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 three times the amount of domestic fees. Exact cost will be calculated upon completion of registration.
-
Important course information will be sent to you prior to your course start date. 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 downloading and working with basic documents. This is an asynchronous online course. Students are not required to be online at a specific time of the day; however, students are strongly encouraged to submit assignments and quizzes by their due dates. This course uses the Mankiw textbook with MindTap (or etext with MindTap) which is available from the BCIT Online/Distance 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.
Status
In Progress and Full
This course offering is in progress and full. Please check back next term or subscribe to receive email updates.
CRN 21199
Duration
Tue Apr 16 - Tue Jul 02 (12 weeks)
- 12 weeks
- CRN 21199
- Domestic fees $537.76International fees are typically three times the amount of domestic fees.
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| Apr 16 - Jul 02 | Tue | 18:00 - 21:00 | Downtown DTC Rm. 481 |
Instructor
Serge Tarasenko
Course outline
Credits
3
Domestic fees
$537.76
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 three times the amount of domestic fees. 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.
Status
In Progress
This course offering is in progress. Please check back next term or subscribe to receive email updates.
CRN 24857
Duration
Tue Apr 16 - Tue May 21 (6 weeks)
- 6 weeks
- CRN 24857
- Domestic fees $548.96International fees are typically three times the amount of domestic fees.
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| Apr 16 - May 21 | Tue | 18:00 - 21:00 | Online |
Instructor
Camlon Chau
Course outline
Credits
3
Domestic fees
$548.96
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 three times the amount of domestic fees. Exact cost will be calculated upon completion of registration.
-
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. This class combines weekly classes delivered synchronously online with asynchronous learning. You are required to be available to log-on live to an online platform at all scheduled course days and times, and additional time each week to cover the remaining course hours.
Status
In Progress
This course offering is in progress. Please check back next term or subscribe to receive email updates.
CRN 69448
Duration
Fri Apr 19 - Fri Jul 05 (12 weeks)
- 12 weeks
- CRN 69448
- Domestic fees $537.76International fees are typically three times the amount of domestic fees.
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| Apr 19 - Jul 05 | Fri | 18:00 - 21:00 | Downtown DTC Rm. 481 |
Instructor
Serge Tarasenko
Course outline
Credits
3
Domestic fees
$537.76
Important information
- International fees are typically three times the amount of domestic fees. 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.
Status
In Progress and Full
This course offering is in progress and full. Please check back next term or subscribe to receive email updates.
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
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Programs and courses are subject to change without notice.