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.
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 the price level, interest rates, and the 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 in-class or take-home assignments, exams, individual or group projects, participation and attendance.
Textbooks and learning materials
- Principles of Macroeconomics by Mankiw, Gregory et. al. (2017, 7th ed., ISBN:9780176591991)
- Principles of Microeconomics by Mankiw, Gregory et. al. (2017, 7th ed., ISBN:9780176591977)
Course fees do not include textbooks or other materials, which you may purchase from the SFU Bookstore. We recommend you purchase your textbooks as soon as you've registered. The quantities are limited at the bookstore.
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
English language requirements
To succeed in our programs and courses, you will need an advanced level of written and spoken English. If you are unsure whether your English language skills are sufficient, we recommend you complete the International English Language Testing System (IELTS) with a minimum overall band score of 6.5 (unless otherwise noted). If you have questions or concerns about your English language proficiency, we encourage you to contact your local IELTS Test Centre.