ECON 101/102: Microeconomics and Macroeconomics
Competency 4: Economics - 3 credits - 45 hours (includes face-to-face & on-line portion)
Delivered by: Nicola Valley Institute of Technology
Date: June 26, 2023
Location: Membertou, NS
This first part of this course Microeconomics includes markets, applications of supply and demand analysis, the theory of consumer behavior and the impact of government regulations and intervention on market performance. The second part of this course Macroeconomics include the determination of national income, production and employment, economic goals of government and the Bank of Canada, the limitation of monetary and fiscal policy in dealing with Canada's unemployment, inflation, and balance of payments problems.
Learning Objectives
- Describe economic principles, the distinction between micro- and macroeconomics & various economic concepts.
- Analyze and illustrate short- and long-run cost curves, implicit and explicit costs and economies of scale and their application to real world businesses.
- Describe the major market structures and their characteristics with special reference to perfect competitive firms, monopoly, oligopoly, and monopolistic competition and their implications to the economy.
- Analyze and describe the effects of price controls and taxes on efficient functioning of markets.
- Describe the principle of profit maximization and how it influences firms’ decision on output in the short- and long run as well as various macroeconomic concepts and their application to national economy.
- Develop ability to think critically about economic events at the aggregate level and develop logically consistent answers from both theory and applied perspectives.
- Analyze and interpret economic models such as aggregate demand and supply variables, production possibility frontiers, and aggregate expenditure models.
- Measure national income and gross domestic products using standard methodologies.
- Analyze fiscal and monetary policies and their effects on domestic economy.
Schedule
Face-to-face: June 26, 2023 8:30am - 4:30pm
Online: June 27- July 28, 2023
This course is free of charge for registered conference delegates, and $150 per person for those who would like to just attend the face-to-face session. Registrations will be accepted on a first-come, first-served basis. The maximum number of participants is 25.
Note, in order to receive 3 credits, you must complete the online portion of this course.
Download a copy of the registration form here.
Contact Geraldine Potts at geraldine.potts@edo.ca or (780) 990-0303 x 221 if you have any questions or require additional information.
