BC's Indigenous Public Post-Secondary Institute

BUSM-251 - Introduction to Economics - 3.00 Credits

BUSM-251 - Introduction to Economics - 3.00 Credits

Course Details
This course is designed to build a basic understanding of economic principles. Students who undertake this course will be able to understand and discuss economic issues at the level covered by the media. The course places a special emphasis on the economic indicators, measuring economic performance, GDP, unemployment, inflation, business cycles, barter and trade, the impact of taxation, and government policies.
Part of the:
  • BUSINESS Department
  • Available/Required in the following Programs:
  • First Nations Public Administration Certificate - Certificate Completion Plan
  • Tourism Management Certificate - Certificate Completion Plan
  • Prerequisites : ENGL 060, MATH-057 , or English 12 or English Studies 12 and/or English First Peoples 12; and/or Foundations of Math 11; or permission of instructor
    Transferability: BCOU Individual Assessment, UBC (see transfer notes)
    Course Outline
    Instructors Qualifications: Relevant Master's Degree.
    Office Hours: 1.5 Per week
    Contact Hours: 45
    Student Evaluation
    Assignments 50 - 70%, Final 30 - 50%, Total 100 %. Grading procedures follow NVIT policy.
    Learning Outcomes: Upon successful completion of this course students should be able to:
  • understand the foundational economic factors explaining consumer, business and government actions and behavior;

  • apply economic models leading to a stewardship perspective of management; and

  • understand the anatomy of a modern economy competing in a global environment.
  • Text and Materials: Cameron, Beverly J., Edwin G. Dolan and Roy Voght. Economics: Understanding the Canadian Economy. Current Edition, Toronto: Dryden Press, 1993.
    Other Resources: Cameron, Beverly J., Edwin G. Dolan and Roy Voght. Study Guide to Accompany Economics: Understanding the Canadian Economy. Current Edition. Toronto: Dryden Press, 1993.
    Transfer Credits: For more information visit: www.bctransferguide.ca
  • Short (10-15) minute quizzes will be held each week at the beginning of the Wednesday class. The questions will be based mostly on the lecture material covered in the Monday class. However, there will be at least one question on the material you are required to read before coming to the next lecture. It is important to be on time to write the quizzes. Please note that these weekly quizzes are worth 20% of the course grade.
  • To receive credit for your work, all assignments must have your full name on the assignment, which must be done on Microsoft Word and/or Excel.
  • Although collaborative work on assignments is permissible, your final submitted work should reflect your own efforts and words. USE SPELL CHECK! Duplicate work will not receive any credit.
  • Since this is an exacting course, it is important for students to quickly develop and maintain excellent study habits. Attendance will be monitored and failure to attend can result in a failing grade.

    The class project will require the class to conduct a market research study leading to the construction of a market demand curve for computer services. In addition, the results of the research will be written up in hard cover plus developed in PowerPoint for presentation purposes. All students will be involved in presenting the findings to the class and other invited guests.

    Education Council approved January 2001.