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Economics 101

Introductory Economics

Credits: 3

Length of Course: 14 weeks

Classroom Hours per Week: 4

Prerequisites: Math 090

Corequisite: English 098

Text: The Economic Way of Thinking. Heyne et al. Prentice Hall, latest edition.


Course Description:

This course provides an introduction to the principles of economics for students with no background in the subject. Throughout this course students will be asked to consider the "Economic Way of Thinking". How are the choices of many self interested individuals coordinated in a market? Topics include: Microeconomics: demand, supply, equilibrium, elasticity, sunk cost vs marginal cost, comparative advantage and the problem of market power. Macroeconomics: aggregate statistics, money, Classical vs Keynesian theories of coordination, fiscal and monetary policy, exchange rates and the balance of payments.


Evaluation:

Take home Assignment(2)  30%
Mid-term  25%
Final  45%

Instructors:

Stéphane Deseau, M.Econ. (Maine, France), M.Sc. (Quebec)
Cheryl Fu, B.A. (Beijing), M.A. (Simon Fraser), Ph.D. candidate
Paul Geddes, B.A. (Claremont), M.A. (Carleton)
Fatin Jallad, B.A., B.Sc. (Portland), M.Sc. (New Mexico), M.Sc. (Arizona)
Susana Leung, B.B.A., M.A. (Simon Fraser)


Transferability: see www.bctransferguide.ca