Enhance your understanding of the modern business environment in this engaging introduction to economic theory, including micro and macroeconomics. We'll examine the workings of simple competitive markets through the concepts of elasticity of supply and demand, and the theory of perfect competition. This course also covers the forces that determine economic growth, the role of money in the economy, and the role of government in managing the economy through fiscal, monetary, and other policies.
Schedule clarification: This course begins on the first date listed and ends six days after the last date listed. Between those times, you work at your own pace within the timelines set by the instructor.
What will I learn?
After completing this course, you should be able to do the following:
- Demonstrate an understanding of the key concepts of supply and demand and their elasticity
- Explain how price level, interest rates and exchange rate are determined in an economy like Canada's
- Define the forces that drive economic growth
- Follow the government’s role in managing the economy through fiscal, monetary and other policies
How will I learn?
This university-level course may consist of a combination of lectures, workshops, case studies, examinations, projects, papers, assignments and group presentations. It requires at-home study and preparation. You can expect reading and other assignments on a weekly basis.
How will I be evaluated?
We'll evaluate your performance in this course using a combination of assignments, exams, individual or group projects, participation and attendance.
Textbooks and learning materials
Course fees do not include textbooks or other materials. We recommend you purchase your textbooks as soon as you’ve registered:
Mankiw, N. et al. Principles of Microeconomics, 8th Edition. ISBN: 9780176872823. An ebook is available through the publisher, Nelsonbrain.
Mankiw, N. et al. Principles of Macroeconomics, 8th Edition. ISBN: 9780176872830. An ebook is available through the publisher, Nelsonbrain.
You will access other course materials using SFU's online course management system, Canvas. You will receive course details and Canvas access instructions on the first day of the course. You can check if your browser is compatible with Canvas here.
New to online learning? See Online Programs and Courses for helpful videos and additional information.
Professional development credits
This course may meet the requirements for the following designation(s):
- Qualified Administrative Assistant (QAA)
- General Business Studies Program (GSP) Fellow of the Credit Union Institute of Canada (FCUIC)
- Management Studies Program (MSP) Associate of the Credit Union Institute of Canada (ACUIC)
- Fellow Chartered Insurance Professional (FCIP)
- Fellow Chartered Insurance Professional (FCIP) New Track
- Supply Chain Management Professional