The Canadian Economy

Curriculum guideline

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Course
ECON 1101
Discontinued
No
Course code
ECON 1101
Descriptive
The Canadian Economy
Department
Economics
Faculty
Commerce & Business Administration
Credits
3.00
Start date
End term
Not Specified
PLAR
No
Semester length
15 Weeks
Max class size
35
Course designation
None
Industry designation
None
Contact hours

Lecture: 3 Hours/week

Seminar: 1 Hour/week

Method(s) of instruction
Lecture
Seminar
Learning activities

Lectures and seminars.

Course description
This course will provide the student with an economics framework for the analysis of the Canadian economy. Topics will include supply and demand, economic goals, monetary policy, fiscal policy and market structure. Issues of current economic interest will be discussed.
Course content
  1. Introduction and basic concepts
  2. Economic goals, e.g., price stability, high employment, growth
  3. Government of Canada economic indicators
  4. Model(s) of income determination
  5. The money supply, Bank of Canada and monetary policy
  6. Fiscal policy, stabilizers, public debt
  7. International economics
  8. Demand, supply and elasticities
  9. The labour market
  10. Perfect and imperfect competition
  11. Current economic issues
Learning outcomes

At the end of the course, the successful student should be able to:

  1. demonstrate knowledge of the basic terminology of economics;
  2. examine and evaluate the degree to which the goals of the economy are currently achieved;
  3. apply various analytical concepts required in the study of macro and microeconomics;
  4. evaluate policy options as they apply to domestic and international issues.
Means of assessment

Assessment will be based on course objectives and will be carried out in accordance with the Douglas College Evaluation Policy.  The following is a summary of the evaluation components:

Term Tests 40% - 70%
Term Paper and/or Written Assignment(s)  0% - 20%
Final Examination 30% - 40%
Participation and/or quizzes  0% - 10%
                                                              Total      100%

Students may conduct research as part of their coursework in this class. Instructors for the course are responsible for ensuring that student research projects comply with College policies on ethical conduct for research involving humans, which can require obtaining Informed Consent from participants and getting the approval of the Douglas College Research Ethics Board prior to conducting the research.

Textbook materials

Textbooks and Materials to be Purchased by Students

Lovewell, Mark Understanding Economics, MacGraw-Hill (latest edition) 

and/or material approved by the Economics department

Prerequisites

BC Pre-Calculus 11 OR currently active in one of the following:

PBD Accounting
PBD Advanced Human Resource Management
PBD Advanced Supply Chain Management
PBD Digital Marketing
PBD Finance
PBD International Supply Chain Management
PDD Accounting Studies
PDD Financial Analysis
PDD Financial Planning
PDD Global Banking and Economics
PDD Human Resource Management
PDD International Business Management
PDD Marketing
PDD Project Management
PDD Supply Chain Management

 

 

 

 

 

Equivalencies