Economics and Government examines the role played by government in a modern economy such as Canada’s. Economic analysis will be employed to identify the areas where market determined outcomes are efficient and where government intervention may improve upon the market determined outcomes. Economics underlies many of the decisions made by government and the economic way of thinking can help politicians make these decisions more reasonably. The course will address a number of issues including social insurance, externalities, public education and healthcare, income inequality and poverty, tax policy, inflation and monetary policy, and issues surrounding the government debt.
This course will examine a number of topics, including:
- The role and size of government in the Canadian economy.
- The invisible hand and markets in allocating society’s resources.
- Market failure and a role for government.
- Externalities and government intervention.
- Social insurance.
- Public vs private education.
- Health Care policy.
- Inequality, poverty, and the role of the state.
- Financing government: tax policy
- Demographic trends and their impact on the delivery of social services.
- The National Debt and Fiscal Policy
- Inflation and Monetary Policy
Methods of Instruction
Lecture and tutorial.
Means of Assessment
|| 0% - 20%
|| 0% - 30%
|| 0% - 20%
||20% - 40%
||20% - 40%
In this course the student will:
- Demonstrate knowledge of the role played by government in Canada’s economy;
- Explain how market determined outcomes lead to an efficient allocation of resources;
- Examine the conditions where government intervention may improve upon market determined outcomes;
- Analyze demographic trends and their impact upon public policy;
- Explain the economic issues facing government in the provision of public services such as education and health care;
- Analyze the role of government in dealing with income inequality and poverty;
- Examine tax policy and the financing of government;
- Evaluate macroeconomic policy issues such as economic growth, inflation, unemployment
Course Guidelines for previous years are viewable by selecting the version desired. If you took this course and do not see a listing for the starting semester/year of the course, consider the previous version as the applicable version.
Below shows how this course and its credits transfer within the BC transfer system.
A course is considered university-transferable (UT) if it transfers to at least one of the five research universities in British Columbia: University of British Columbia; University of British Columbia-Okanagan; Simon Fraser University; University of Victoria; and the University of Northern British Columbia.
For more information on transfer visit the BC Transfer Guide and BCCAT websites.
If your course prerequisites indicate that you need an assessment, please see our Assessment page for more information.