Thunder Bay • Orillia

Bachelor of Arts (Economics and Political Science Majors)(TB) - Principles of Economics

Economics 1100 Principles of Economics
Definition of the economic problem. Theory of the firm. Theory of competitive supply. Theory of demand. Monopoly and other market forms. Markets for land, labour, and capital. Income distribution. National income determination and causes of unemployment and inflation. Economic fluctuations and growth. International trade. Flexible and fixed foreign exchange rates. Canadian economic problems and policies.
Credit Weight: 1.0
Offering: 3-0; 3-0
Course Classifications: Type B: Social Sciences