COVID-19 updates and winter semester information.
This course introduces students to the study of economics examining how countries, businesses, and individuals tackle the problem of scarce resources in order to satisfy needs and wants. The course introduces economic principles such as opportunity cost, demand, supply and the function of markets, and government intervention in markets. The course emphasizes macroeconomic topics such as unemployment, inflation, economic growth, determination of national income, money and banking. Government fiscal and monetary policies are examined with an emphasis on the Canadian economy. The course then addresses the foreign sector, foreign trade and current global economic issues and their impact on domestic markets.