BSNS 104 - Principles of Economics 1
Offered 1st and 2nd semester
18 points
Introduces the analysis of predominantly market economies and how they work, both as a whole and in individual markets. The overall emphasis is on learning to think like an economist, that is, a person who can apply basic economic principles to understand and explain what is observed in the real world around them. Topics covered include comparative advantage and trade, demand and supply and the 'invisible hand', money, inflation and monetary policy, unemployment, and currency and financial markets.
Sample course outline for BSNS104
Restrictions:
ECON 101, ECON 111, MANV 101, MANV 201
Class Contact:
Lectures: 3 x 50 minute lectures per week
Tutorials: 1 x 50 minute tutorial per week
Content:
- Economic principles
- Comparative advantage and trade
- Supply and demand
- Macroeconomics
- Money, inflation and monetary policy
- Unemployment
- Currency and financial markets
Assessment (plussage applies):
- Mid-semester test (25%)
- Final exam (75%)
Text:
Principles of Economics by RH Frank and BS Bernanke (2nd edition)