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 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 in-class or take-home assignments, exams, individual or group projects, participation and attendance.
Textbooks and learning materials
- Mankiw, Gregory et. al. Principles of Macroeconomics, 7th ed. (2017). ISBN: 9780176591991
- Mankiw, Gregory et. al. Principles of Microeconomics, 7th ed. (2017). 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