Course Description
Credits: 3.00
The allocation of scarce resources in the face of unlimited wants and needs is at the core of economics. This course introduces the fundamentals of microeconomics and creates the foundation for economic analysis and thinking. The course starts with the study of individual choice and opportunity cost, then proceeds to introduce supply and demand and the market adjustments leading to equilibrium, and addresses the use of market price and the sources of market failure. It transitions to consumer behaviour focusing on how consumers make decisions, while creating a framework to understand how firms optimize production under different market structures. The course concludes with the application of microeconomic theory to more advanced topics such as international trade, marginal analysis and the trade-off between equity and efficiency.
Learners are recommended to complete the Business Math Skills Self-Assessment (https://bowvalleycollege.ca/schools/chiu-school-of-business/MSA) prior to taking this course.
Additional Information
For details about this course, please look at the course outline here.
Course Offerings
Online - Asynchronous
Students and instructors participate online. There are no set meeting times.
Start/End Date
May 6, 2025 - Aug 22, 2025
Hours
45
Domestic Students
$633.00 CAD
Face to Face - Synchronous
Students and instructors meet in a classroom at a specific time.
Start/End Date
May 6, 2025 - Jun 27, 2025
Location
Calgary Downtown Campus
Domestic Students
$633.00 CAD
Schedule
Monday
11:00 AM - 1:50 PM
Wednesday
11:00 AM - 1:50 PM
Hours
45
Start/End Date
May 12, 2025 - May 23, 2025
Location
Calgary Downtown Campus
Domestic Students
$633.00 CAD
Schedule
Monday
9:30 AM - 2:20 PM
Tuesday
9:30 AM - 2:20 PM
Wednesday
9:30 AM - 2:20 PM
Thursday
9:30 AM - 2:20 PM
Friday
9:30 AM - 2:20 PM
Hours
45
