MGMT230

Economic Theory

To understand how economic factors impact your organization, start with this careful look at fundamental microeconomic and macroeconomic theory. Learn key aspects of economics, such as how people make decisions, interact with and interpret the economic world around them.

Specific topics include: consumer behaviour, production and costs, market structure, firm behaviour and government policies, price level and aggregate output.

You will become familiar with the forces that determine economic growth, the role of money, and the role of government in managing the economy through policies that impact individuals and firms.

This course is available at the following time(s) and location(s):

Campus Session(s) Instructor(s) Cost Seats available  
TBA - TBA $649.00 30 -

Course schedule: Classes run Wednesdays from 6 p.m. to 9 p.m. PT, and on three Saturdays from 8:30 a.m. to 4:30 p.m. PT via online-supported delivery.

What will I learn?

After completing this course, you should be able to do the following:

  • Define fundamental microeconomic and macroeconomic concepts
  • Apply microeconomic and macroeconomic concepts to explain economic events that have a direct impact on organizations and individuals in Canada
  • Apply supply and demand principles to guide personal and social economic decisions
  • Analyze the effects of various government policies on critical issues in Canada
  • Analyze how monetary and fiscal policies affect interest rates and aggregate demand in open and closed economies
  • Identify the contributions and limitations of economic theories in solving current economic problems

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. 

Hardware and software requirements

You will need a computer that is connected to the internet so that you can access Canvas, our online course management system. You can check if your browser is compatible with Canvas by accessing Canvas guides here. We recommend you use Google Chrome or Firefox.

Also, you will need to enable your computer’s audio and microphone to participate in live sessions offered through the Blackboard Collaborate virtual platform (within Canvas). You can check if your computer is compatible with Blackboard Collaborate here.

You can find more information on online-supported learning on our About Online Learning page. 

Professional development credits

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