BUSI 2050U – Managerial Economics

Aspects of theoretical and applied economics relevant to professionals. Fundamental principles in both micro and macroeconomics are introduced. Microeconomics topics include scarcity, opportunity cost, diminishing returns, elasticity, industrial organization, economies of scale and concentration. Macroeconomics topics include unemployment, inflation, economic growth, the multiplier, equilibrium, fiscal policy and monetary policy. The principle of money and banking are introduced along with the role of the Bank of Canada. Applied economics topics covered include cost concepts, time value of money, comparison of alternatives, depreciation, tax considerations, economic analysis of projects, breakeven, sensitivity and risk, and decision models.
Credit hours: 3
Lecture hours: 3
Credit restriction(s): ECON 2010U