Economic Principles 40S (ECOPRI40S)
Economic Principles focuses on the basic concepts of economics and microeconomic and macroeconomic principles. Topics include opportunity cost, supply and demand, public goods and externalities, income and poverty, GDP, unemployment, inflation, economic growth, game theory, market systems and structures, fiscal policy and monetary policy. Hands-on activities, lecture, and interactive internet activities are all used to help students gain an understanding of economic concepts. Students will be encouraged to think critically and develop an understanding about the current economic situations in Canada and around the world. This course provides students with a good knowledge base for taking micro and macroeconomics courses at the postsecondary level.