Course Code ECN-120
Lecture hours per week 3
Lab hours per week
Course Availability: Open
Description: This course introduces the student to the fundamentals of economics. The course will examine topics in both microeconomics and macroeconomics. The focus will be on gaining a board understanding of understanding of economic reasoning and its application to major contemporary economic issues. The student will examine these issues within the context of the Canadian economy. These issues include: scarcity and consumer choice, the market system, economic growth, unemployment, inflation and deflation, monetary and fiscal policies, and international trade. The course will examine economic theory, policies, institutions and issues. It focuses on: The way in which the market economy and the price system coordinate economic activity; the sources and measurement of economic variables such as Gross Domestic Product, the unemployment rate, and the inflation rate; and Economic institutions such as the Central Bank of Canada, the Ministry of Finance and the World Trade Organization.