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Course Content
Module I
0/89
Topic 1: Economic Problem
04:25
LO1: Explain the relationship between Economic Principles and everyday life
05:44
LO2: Identify the three basic economic questions and how various economic systems answer them
05:52
LO3: Comprehend the theories established by the founder of modern economics
04:16
Knowledge Check
15:00
Case Study: Economic Problem
15:00
Topic 2: Demand and Supply
05:19
LO1: Comprehend the nature of demand, changes in quantity demanded, and the factors that affect demand
03:18
LO2: Understand the nature of supply, changes in quantity supplied, changes in supply, and the factors that affect supply
03:25
LO3: Explain how markets reach equilibrium
09:22
Knowledge Check
15:00
Case Study: Demand and Supply
15:00
Topic 3: Competition and Government
05:34
LO1: Describe price elasticity of demand and its impact on sellers’ revenues
06:56
LO2: Comprehend the price elasticity of supply and the links between production periods and supply
02:44
LO3: Identify how price elasticities of demand and supply determine the impact of an excise tax
04:34
LO4: Explain how governments use price controls to override the “invisible hand” of competition
08:34
Knowledge Check
15:00
Case Study: Competition and Government
15:00
Topic 4: Cost of Production
05:24
LO1: Identify economic costs (explicit and implicit) of production and economic profit
03:01
LO2: Recognize Short-run products, and the Law of diminishing marginal returns
05:22
LO3: Explain Long-run results of production and Long-run costs
04:21
Knowledge Check
15:00
Case Study: Cost of Production
15:00
Topic 5: Perfect Competition
05:35
LO1: Distinguish the four market structures
02:28
LO2: Explain how Perfect Competitive Markets adjust in the long run
03:38
LO3: Understand the Profit-maximizing and its rule
03:49
LO4: Comphrend the theory of Perfectly competitive firms and Markets
07:58
Knowledge Check
15:00
Case Study: Perfect Competition
15:00
Topic 6: Monopoly and Imperfect Competition
05:00
LO1: Describe the demand conditions faced by monopolists, monopolistic competitors, and oligopolists
05:39
LO2: Distinguish how monopolists, monopolistic competitors, and oligopolists maximize profits
04:58
LO3: Recall the key elements of the Prisoner’s Dilemma
05:13
Knowledge Check
15:00
Case Study: Monopoly and Imperfect Competition
15:00
Topic 7: Economic Welfare and Income Distribution
06:01
LO1: Explain the concepts of Consumer surplus and Deadweight loss
04:09
LO2: Distinguish Spillover costs and benefits
03:10
LO3: Summarize how Income is distributed among Canadian households, how this distribution is measured
05:57
LO4: Identify the causes of poverty and the way poverty is measured
05:08
Knowledge Check
15:00
Case Study: Economic Welfare and Income Distribution
15:00
Topic 8: Measures of Economic Activity
04:45
LO1: Explain why economists choose to concentrate on Gross Domestic Product
09:33
LO2: Distinguish other Economic measures developed from the national income accounts
04:21
Knowledge Check
15:00
Case Study: Measures of Economic Activity
15:00
Topic 9: Inflation and Unemployment
05:03
LO1: Explain the Consumer Price Index and Real GDP
03:50
LO2: Define Inflation, how it is measured, and its effect on nominal and real incomes
05:25
LO3: Comprehend the Official unemployment rate, and the different types of Unemployment
05:57
Knowledge Check
15:00
Case Study: Inflation and Unemployment
15:00
Topic 10: Economic Fluctuations
05:59
LO1: Explain Aggregate demand and the factors that affect it
03:36
LO2: Distinguish Aggregate supply and the factors that influence it
03:28
LO3: Understand the Economy’s equilibrium and how it differs from its potential
03:13
LO4: Define Economic growth its sources, and its impact
03:31
LO5: Summarize Canada’s historical record of economic growth
03:11
Knowledge Check
15:00
Case Study: Economic Fluctuations
15:00
Topic 11: Fiscal Policy
05:25
LO1: Identify Expansionary and Contractionary fiscal policies
03:03
LO2: Explain the Multiplier effect of fiscal policy, as determined by the marginal propensities
07:44
LO3: Distinguish Budget surpluses and deficits and their impact on public debt and public debt charges
04:59
Knowledge Check
15:00
Case Study: Fiscal Policy
15:00
Topic 12: Money
04:43
LO1: Comprehend the functions of Money and its components
05:54
LO2: Understand the Demand and Supply of money and equilibrium in the money market
02:45
LO3: Explain how Money is created and define the Money multiplier
02:20
Knowledge Check
15:00
Case Study: Money
15:00
Topic 13: Monetary Policy
05:12
LO1: Discuss the Bank of Canada and its functions
02:41
LO2: Explain the tools the Bank of Canada uses to conduct monetary policy
03:55
LO3: Identify the tradeoff between Inflation and Unemployment
06:28
Knowledge Check
15:00
Case Study: Monetary Policy
15:00
Topic 14: Foreign Sector
05:18
LO1: Define and distinguish different types of Bank accounts in Canada
04:44
LO2: Understand Exchange rates and how they are determined
04:12
LO3: Summarize Exchange rate systems and their evolution
04:43
Knowledge Check
15:00
Case Study: Foreign Sector
15:00
Module Based Quiz
01:00:00
Final Exam
0/2
Course End Feedback
00:00
Final Exam: Principles of Economics
01:15:00
BA_ECON 100: Principles of Economics
Join the conversation
Oghenetekevwe Bethel Afure 10 months ago
Demand and supply are foundation concept in economics. Market each equilibrium when quantity supply is equal to quantity demanded.
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Richter Harold Benjamin 1 year ago
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