Curriculum Guideline

The Canadian Economy

Effective Date:
Course
Discontinued
No
Course Code
ECON 1101
Descriptive
The Canadian Economy
Department
Economics
Faculty
Commerce & Business Administration
Credits
3.00
Start Date
End Term
Not Specified
PLAR
No
Semester Length
15 Weeks X 4 Hours per Week = 60 Hours
Max Class Size
35
Contact Hours
Lecture: 3 Hours Seminar: 1 Hour Total: 4 Hours
Method Of Instruction
Lecture
Seminar
Methods Of Instruction

Lectures and seminars.

Course Description
This course will provide the student with an economics framework for the analysis of the Canadian economy. Topics will include supply and demand, economic goals, monetary policy, fiscal policy and market structure. Issues of current economic interest will be discussed.
Course Content
  1. Introduction and basic concepts.
  2. Economic goals, e.g., price stability, high employment, growth.
  3. Government of Canada economic indicators.
  4. Model(s) of income determination.
  5. The money supply, Bank of Canada and monetary policy.
  6. Fiscal policy, stabilizers, public debt.
  7. International economics.
  8. Demand, supply and elasticities.
  9. The labour market.
  10. Perfect and imperfect competition.
  11. Current economic issues
Learning Outcomes

At the end of the course, the successful student should be able to:

  1. demonstrate knowledge of the basic terminology of economics;
  2. examine and evaluate the degree to which the goals of the economy are currently achieved;
  3. apply various analytical concepts required in the study of macro and microeconomics.
Means of Assessment
Term Tests 40% - 70%
Term Paper and/or Written Assignment(s)  0% - 20%
Final Examination 30% - 40%
Participation and/or quizzes  0% - 10%
          100%

THERE WILL BE A MINIMUM OF THREE (3) EVALUATIONS.

Textbook Materials

Textbooks and Materials to be Purchased by Students

Hird, H. Richard.  Working with Economics, Latest Ed.  Toronto: Maxwell MacMillan Canada Inc.

Prerequisites

BC Pre-Calculus 11

Corequisites

Courses listed here must be completed either prior to or simultaneously with this course:

  • No corequisite courses
Equivalencies

Courses listed here are equivalent to this course and cannot be taken for further credit:

  • No equivalency courses