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ECN 210
Understanding Economics
The lower level liberal studies course introduces the economic way of thinking. Economists seek objective ways to analyse how humans act in social settings. Economic models or theories are used to understand economic behaviour. The course uses basic supply and demand theory to analyze a range of economic issues such as how university fees are set or the effect of the minimum wage on unemployment. At a microeconomic level students will learn how to analyse markets under different structures such as perfect competition and monopoly. At a macroeconomic level students will learn how to analyse how the Canadian economy works and how the major problems of unemployment and inflation can be dealt with. Other topics covered are fiscal and monetary policy and the overall role of government in the economy.
Weekly Contact: Lecture: 3 hrs.
GPA Weight: 1.00
Course Count: 1.00
Billing Units: 1
Liberal Studies: LL
Mentioned in the Following Calendar Pages
*List may not include courses that are on a common table shared between programs.
- ECN 503 - Economic Development
- ECN 509 - Development of the Canadian Banking and Financial System
- ECN 512 - The Economics of Sex
- ECN 603 - Canada and Global Economic Issues
- ECN 802 - The Economies of East Asia
- Public Administration and Governance
- Social Work Professionally-Related Table II
- Table A - Lower Level Liberal Studies
